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Author Topic: [ANN][TRK] ★ Truckcoin ★ Pure PoS up to 200% per year ★ Cryptopia  (Read 141113 times)
leslie4u
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July 02, 2017, 06:09:29 AM
 #1401


great explanation!
5,000 coins on 1 block will reward instantly after 9 days?

you are welcome!  Wink

Nop, it will definitely not stake instantly! I think these days are over, the difficulty is rising and the inflation control is working too fine...

Had a look at my wallet, got a lot of 5k blocks waiting now since 30 days, also got some 7.5k blocks and they also chill around since 20 days!
Tomorrow i'll split some new blocks, maybe i can tell in around 10 days, which amount of coins will stake instant!(in our case, i would say plus 1 day is kind of instant)




Why there is such a long wait time before the coins start staking? I mean 9 days is way too long to wait to see some earning. Can we not reduce this by 1-2 days? Just a thought. Also the earning decision very much depends on the fact when we see some action on the wallet. When it is dead cold for days together, people tend to switch gears. This is human nature. Wait time on this coin got to reduce. Also there should be a quick FAQ guide on how to start staking under different black values and earn a good ROI.

Just my 2 cents.
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tevasu
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July 08, 2017, 02:57:34 AM
 #1402


great explanation!
5,000 coins on 1 block will reward instantly after 9 days?

you are welcome!  Wink

Nop, it will definitely not stake instantly! I think these days are over, the difficulty is rising and the inflation control is working too fine...

Had a look at my wallet, got a lot of 5k blocks waiting now since 30 days, also got some 7.5k blocks and they also chill around since 20 days!
Tomorrow i'll split some new blocks, maybe i can tell in around 10 days, which amount of coins will stake instant!(in our case, i would say plus 1 day is kind of instant)




Why there is such a long wait time before the coins start staking? I mean 9 days is way too long to wait to see some earning. Can we not reduce this by 1-2 days? Just a thought. Also the earning decision very much depends on the fact when we see some action on the wallet. When it is dead cold for days together, people tend to switch gears. This is human nature. Wait time on this coin got to reduce. Also there should be a quick FAQ guide on how to start staking under different black values and earn a good ROI.

Just my 2 cents.

I felt that way too, long time ago, 3 years or so. Now I see that Truck is a perfectly coded coin, with coin maturation balanced with network difficulty balanced with split block inflation control. Truck is not made for quick profit or pump and dump. Truck at its best is a virtual miner. You build your miner slowly with interest. Do the math someday and see what say a 100,000 truck looks like in 5 years compounding at 142% to 200 %. Factor in the growth of bitcoin. Even if truck never goes up a satoshi your little truckcoin mining machine will be staking $100s of not thousands of dollars a day for you.
Also, once you have lots of blocks forming over time you will be seeing staking rewards coming in everyday not just every 9 days. Just give it time.
Lipe490
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July 13, 2017, 06:24:57 PM
 #1403

200% is interesting. However more than 10 days to see some earning is discouraging.
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July 14, 2017, 11:28:58 PM
 #1404

200% is interesting. However more than 10 days to see some earning is discouraging.
If you spread your coins you will get daily rewards also it is 200% maximum.
Right now inflation control is active and reward is less then 200%.
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July 15, 2017, 02:20:50 PM
Last edit: July 15, 2017, 03:48:55 PM by pwpwpw
 #1405

Hey, new to this coin, I downloaded this http://downloads.truckcoin.net/trk_linux_blockchain_1022527.tar.gz (2017 version) but it fails to load with the windows wallet and even with linux mint (I compiled wallet from src), then I downloaded this http://downloads.truckcoin.net/trkbootstrap.tar.gz and it loaded a lot, like an hour with fast PC and SSD, in the end it opened with blocks from 2015 october.. Is there some newer bootstrap ?

edit: the sync is really slow, got 12 connections and after about 2 hours, it only synced up to 2015 december..

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July 15, 2017, 06:19:24 PM
 #1406

Hey, new to this coin, I downloaded this http://downloads.truckcoin.net/trk_linux_blockchain_1022527.tar.gz (2017 version) but it fails to load with the windows wallet and even with linux mint (I compiled wallet from src), then I downloaded this http://downloads.truckcoin.net/trkbootstrap.tar.gz and it loaded a lot, like an hour with fast PC and SSD, in the end it opened with blocks from 2015 october.. Is there some newer bootstrap ?

edit: the sync is really slow, got 12 connections and after about 2 hours, it only synced up to 2015 december..

Just uploaded windows blockchain to http://downloads.truckcoin.net/trk_windows_blockchain_1027928.zip
Hope it will work well.
Linux blockchain was taken form Ubuntu 64bit system, I believe it should work with mint, no idea why it didn't...
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July 26, 2017, 10:36:48 AM
Last edit: July 26, 2017, 11:43:20 AM by pwpwpw
 #1407

The stake estimation @ bottom right, does not increase "your weight", it shows the same weight from the moment of unlocking for staking, that's just a bug right ? we don't need to restart the client itself to raise the weight of our coins ? (just asking to be 100% sure)

noise23
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July 26, 2017, 09:54:42 PM
 #1408

The stake estimation @ bottom right, does not increase "your weight", it shows the same weight from the moment of unlocking for staking, that's just a bug right ? we don't need to restart the client itself to raise the weight of our coins ? (just asking to be 100% sure)
Yes it's just a GUI bug does not affect actual staking.
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July 27, 2017, 08:48:34 PM
 #1409

@Noise. Any plans for the rest of this and next year for TRK?

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July 29, 2017, 12:50:09 AM
 #1410

@Noise. Any plans for the rest of this and next year for TRK?


eat, sleep, stake

repeat

eat, sleep, stake

repeat

 Grin Grin
UpUrs
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July 29, 2017, 06:33:09 PM
 #1411

@Noise. Any plans for the rest of this and next year for TRK?
Would be great if you plan on a maintanace release to fix the high cpu load.
Maybe you can use the code from Hyperstake ?
Also there seems to be a connection bug, I only get 12 connections max. all outgoing.
Changing ports does not have any effect.
(WinXP)
noise23
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July 29, 2017, 07:24:20 PM
 #1412

@Noise. Any plans for the rest of this and next year for TRK?
Would be great if you plan on a maintanace release to fix the high cpu load.
Maybe you can use the code from Hyperstake ?
Also there seems to be a connection bug, I only get 12 connections max. all outgoing.
Changing ports does not have any effect.
(WinXP)
There is no connection bug, 12 connections are more than enough, why would you need more?

Regarding CPU load, if you have a lot of small blocks staking then load will be high, use splitthreshold to prevent splitting into too small chunks.
Hyperstake was originally forked from TRK so the code is mostly the same.
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July 29, 2017, 07:34:26 PM
 #1413

@Noise. Any plans for the rest of this and next year for TRK?
Currently I'm busy with other stuff but planning some kind of PR campaign for TRK soon enough.

Also I think it would be good to expand the inflation control further by lowering max stake amount cap.
Let's say change max stake amount from 200 coins to 100 coins for the next year and then set it to 50 coins forever or something like that.
Not sure yet though. What do you guys think?
UpUrs
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July 29, 2017, 09:18:21 PM
 #1414

@Noise. Any plans for the rest of this and next year for TRK?
Would be great if you plan on a maintanace release to fix the high cpu load.
Maybe you can use the code from Hyperstake ?
Also there seems to be a connection bug, I only get 12 connections max. all outgoing.
Changing ports does not have any effect.
(WinXP)
There is no connection bug, 12 connections are more than enough, why would you need more?

Regarding CPU load, if you have a lot of small blocks staking then load will be high, use splitthreshold to prevent splitting into too small chunks.
Hyperstake was originally forked from TRK so the code is mostly the same.
Hyperstake (and others...) has a different way of calculating hash, calculate once and use many times, old qt code just keeps re-hashing the same thing.
Cpu load on my box is about 50% for Truck while Hyp runs mostly idle, and then my Hyp wallet has a lot more stacks then Truck wallet.
I do make use of splitthreshold (set to 2200) since my wallet is too big for manually daily re-combining so not much help for big wallets.

If connection limits of max 12 outgoing and no incoming are per design then you are right, it's no bug.
It's not a big issue since wallet works but would be better for network to have more connects out and most important also incomming.
Except for Truck all wallets that I run are maxed out, well over 50 to 100+ connects, most of them incomming.
noise23
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July 29, 2017, 09:55:44 PM
 #1415

Hyperstake (and others...) has a different way of calculating hash, calculate once and use many times, old qt code just keeps re-hashing the same thing.
Cpu load on my box is about 50% for Truck while Hyp runs mostly idle, and then my Hyp wallet has a lot more stacks then Truck wallet.

I will look into it.
MrBitter
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July 29, 2017, 10:10:10 PM
 #1416

The price is really going down the toilet don't get why people would sell at such lower prices let the coin go higher, maybe the coin need other exchanges
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July 29, 2017, 10:47:16 PM
 #1417

Hyperstake (and others...) has a different way of calculating hash, calculate once and use many times, old qt code just keeps re-hashing the same thing.
Cpu load on my box is about 50% for Truck while Hyp runs mostly idle, and then my Hyp wallet has a lot more stacks then Truck wallet.

I will look into it.
That's great, thanks !
UpUrs
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July 29, 2017, 10:51:27 PM
 #1418

The price is really going down the toilet don't get why people would sell at such lower prices let the coin go higher, maybe the coin need other exchanges

Price has been quite stable for months now while many are going down because 1st of august, BTC/BCC fork.
Have a look at 6 months interval.
More volume would be great though.
UpUrs
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July 29, 2017, 11:01:51 PM
 #1419

@Noise. Any plans for the rest of this and next year for TRK?
Currently I'm busy with other stuff but planning some kind of PR campaign for TRK soon enough.

Also I think it would be good to expand the inflation control further by lowering max stake amount cap.
Let's say change max stake amount from 200 coins to 100 coins for the next year and then set it to 50 coins forever or something like that.
Not sure yet though. What do you guys think?

200% interest will create 200% inflation unless your market/demand is 200% or better.
So long term I think we should seriously consider lowering interest.
Is there a way to adjust interest as a result of market price and /or coin supply ?
noise23
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July 29, 2017, 11:43:11 PM
 #1420

@Noise. Any plans for the rest of this and next year for TRK?
Currently I'm busy with other stuff but planning some kind of PR campaign for TRK soon enough.

Also I think it would be good to expand the inflation control further by lowering max stake amount cap.
Let's say change max stake amount from 200 coins to 100 coins for the next year and then set it to 50 coins forever or something like that.
Not sure yet though. What do you guys think?

200% interest will create 200% inflation unless your market/demand is 200% or better.
So long term I think we should seriously consider lowering interest.
Is there a way to adjust interest as a result of market price and /or coin supply ?

Stake reward is capped, currently max possible stake reward limited to 200 coins per block so the actual inflation for the last year was something around 130%.
I believe the best and most effective way to avoid hyperinflation and keep coin value is to keep 200% stake rate but limit max reward cap gradually in a few steps down to 50 coins per block or so.
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