[ANN][TRK] ★ Truckcoin ★ Pure PoS up to 200% per year ★ Cryptopia

[Trololoh]

With the upcoming new wallet release i plan to implement max PoS reward limit.
So the question is what limit should we set?
First i thought about 1000 but it looks too much to me.
I feel like it's better to set tough limit, something like 300 (HBN going to set 250 for example).
What do you guys think?

Good question.
I have no magic number in my head as such.
Maybe we should by "simple try and error" find the optimum for TRK ?
Changing cap step by step as such.

Is the reason for capping max. related to the chain that at times moves slowly or has even stalled in recent weeks ?
Right now I just let my stacks stake and not re-combine, by doing so have 3X -4X if not more stacks then before I stopped re-combining them.
Which is good for the chain.
(Would that be a so-called no brainer ?)

"try and error" method will not work here - max reward cap requires a hard fork so the number will be set for a long time - we can't hardfork too often

I see two main reasons for capping max reward -
1. it will encourage people to split to smaller blocks - more blocks means healthier network and faster blockchain.
2. those who just keep their wallets offline for months and then open them once for stake will not get a huge reward anymore - helps with inflation control and encourage people to stake more often - healthier network again.

By all means indeed lets try to avoid any hard forks.
Thanks for confirming my thoughts about securing the network for being the main reason.

Currently my stacks are about 250 and staking seems to take about 10-11 days.
Problem is I had my wallet off line for some days so my numbers might be "polluted" as such.
Will keep you updated what will happen with my next round of staking.
Average stack size will be about 130 TRK.
So based upon current "rough" data I would say 200 max should be no problem at all.

[kePd8CT5]

"try and error" method will not work here - max reward cap requires a hard fork so the number will be set for a long time - we can't hardfork too often

I see two main reasons for capping max reward -
1. it will encourage people to split to smaller blocks - more blocks means healthier network and faster blockchain.
2. those who just keep their wallets offline for months and then open them once for stake will not get a huge reward anymore - helps with inflation control and encourage people to stake more often - healthier network again.

And please...

• Decrease minted block confirmations (25-30) (TEK or HYP).
• Add ''splitthreshold'' TruckCoin.conf command (TEK).
• Add -wallet=<file> (Specify wallet file (within data directory)) commandline switch (e. g. JPC).
• Add "Immature" and "Consolidated Balance" to "Overview" tab. (ORB).

Thanks.

[noise23]

"try and error" method will not work here - max reward cap requires a hard fork so the number will be set for a long time - we can't hardfork too often

I see two main reasons for capping max reward -
1. it will encourage people to split to smaller blocks - more blocks means healthier network and faster blockchain.
2. those who just keep their wallets offline for months and then open them once for stake will not get a huge reward anymore - helps with inflation control and encourage people to stake more often - healthier network again.

And please...

• Decrease minted block confirmations (25-30) (TEK or HYP).
• Add ''splitthreshold'' TruckCoin.conf command (TEK).
• Add -wallet=<file> (Specify wallet file (within data directory)) commandline switch (e. g. JPC).
• Add "Immature" and "Consolidated Balance" to "Overview" tab. (ORB).

Thanks.

Decrease minted block confirmations  - not sure about that, it's a part of the original coin design. And would require a hardfork.
Add ''splitthreshold'' TruckCoin.conf command - it's already done and added to GUI settings but no binary wallet release yet (working on other features).
Add -wallet=<file> - will look into it, probably will do.
Add "Immature" and "Consolidated Balance" to "Overview" tab. - will do.

[jdwlupine]

Hi,

Just managed to get my wallet synced to 145056 then the green bar comes up and it trying to sync to 147--- , this is the height of Hyperstake saying I have 2170 blocks to go. Running latest windows qt on win 8.1. This only happens once 7+ connections are established.
Note I do not have hyperstake wallet on my win8.1 machine.
Is this something to do with ports since previous threads state 18777? instead of of 18775?

***PARTIAL COPY OF MY GETPEERINFO BOTH HYPERSTAKE AND TRUCKCOIN.****

[
{

"version" : 71004,
"subver" : "/Truckcoin:0.9.6/",
"inbound" : true,
"releasetime" : 0,
"startingheight" : 145071,
"banscore" : 0
},
{
"addr" : "69.127.99.44:59246",
"version" : 72000,
"subver" : "/HyperStake:0.8.2.2/",
"inbound" : true,
"releasetime" : 0,
"startingheight" : 147248,
"banscore" : 0
},
{
"addr" : "37.123.187.99:59024",
"version" : 72000,
"subver" : "/HyperStake:0.8.2.2/",
"inbound" : true,
"releasetime" : 0,
"startingheight" : 147248,
"banscore" : 0
},

]

Update: Wallet out of sync and downloaded 145172 of 147325 of transaction history,but i have minted 94 confirmations broadcast through 13 nodes. 157.369863 truckcoins.

[noise23]

Hi,

Just managed to get my wallet synced to 145056 then the green bar comes up and it trying to sync to 147--- , this is the height of Hyperstake saying I have 2170 blocks to go. Running latest windows qt on win 8.1. This only happens once 7+ connections are established.
Note I do not have hyperstake wallet on my win8.1 machine.
Is this something to do with ports since previous threads state 18777? instead of of 18775?

***PARTIAL COPY OF MY GETPEERINFO BOTH HYPERSTAKE AND TRUCKCOIN.****
Update: Wallet out of sync and downloaded 145172 of 147325 of transaction history,but i have minted 94 confirmations broadcast through 13 nodes. 157.369863 truckcoins.

Actually your wallet is synced and minting good, it just shows "out of sync" because you have HYP clients with a longer blockchain connected for some reason.
Nothing to worry about, TRK has autocheckpointing enabled and will stay on the correct chain.
I just added a fix to the source code, it should prevent HYP clients interference.
Will post an updated windows wallet later today.

[joinfree]

Hi guys, Now Cryptsy Added to them voting list.  Thanks to BitJhon - cryptsy Admin




please support voice https://www.cryptsy.com/coinvotes/  


Thank you..

[noise23]

Hi guys, Now Cryptsy Added to them voting list.  Thanks to BitJhon - cryptsy Admin

Great news, thank you!

Please vote for TRK at Cryptsy!

[tokyoghetto]

Hi guys, Now Cryptsy Added to them voting list.  Thanks to BitJhon - cryptsy Admin

Great news, thank you!

Please vote for TRK at Cryptsy!

voted!

[thundertoe]

Hi guys, Now Cryptsy Added to them voting list.  Thanks to BitJhon - cryptsy Admin

Great news, thank you!

Please vote for TRK at Cryptsy!

voted!

Voted! and  thanks  Noise23 for amazing work

[Biomech]

Hi guys, Now Cryptsy Added to them voting list.  Thanks to BitJhon - cryptsy Admin

Great news, thank you!

Please vote for TRK at Cryptsy!

56 votes here It was moving up pretty good earlier today.

[*Sakura*]

Hi guys, Now Cryptsy Added to them voting list.  Thanks to BitJhon - cryptsy Admin

Great news, thank you!

Please vote for TRK at Cryptsy!

Voted! We have 404 votes now.

[zeewolf]

Voted! (405)

[waxo]

Voted !

[noise23]

Truckcoin wallet v0.9.7.1 released - a mandatory update!

New features:

# On Thursday, 18 Dec 2014 20:23:23 GMT a hard fork will occur:
    - PoS reward limit per block will be set to 200 TRK.
    - NVC inflation control will be enabled.
    - All clients below v.0.9.7 will be disconnected.
# Block money supply info added to block explorer
# -wallet option to specify wallet file - can be used as startup parameter -wallet=yourwalletfile.dat
# Total amount field added to overview page.
# HYP network interference fix.
# Unlock wallet option added to Wallet menu.
# -splitthreshold option - staking engine will not split blocks with size below splitthreshold amount. default 30 , max. 300
    Can be used as command line option or setting in .conf file or can be set in Qt wallet gui in Settings > Options > Main
# -staking option to disable minting: staking=0 will disable pos minting.

Download:

Windows: http://downloads.truckcoin.net/Truckcoin-v0.9.7.1-win.zip
Linux Ubuntu x64 14.04: http://downloads.truckcoin.net/Truckcoin-v0.9.7.1-ubuntu-x64.tar.gz
Raspberry Pi: http://downloads.truckcoin.net/Truckcoin-v0.9.7.1-arm-pi.tar.gz
Mac: http://downloads.truckcoin.net/truckcoin-qt-0.9.7.1-Mac.zip

Source: https://github.com/noise23/Truckcoin

[vegasguy]

Im terrible with math. To get max block reward of 200 , the blocksize should be 2000? That right?

[noise23]

Im terrible with math. To get max block reward of 200 , the blocksize should be 2000? That right?

Yes, something around 2000 is safe to go.

[joinfree]

Truckcoin wallet v0.9.7.1 released - a mandatory update!

New features:

# On Thursday, 18 Dec 2014 20:23:23 GMT a hard fork will occur:
    - PoS reward limit per block will be set to 200 TRK.
    - NVC inflation control will be enabled.
    - All clients below v.0.9.7 will be disconnected.
# Block money supply info added to block explorer
# -wallet option to specify wallet file - can be used as startup parameter -wallet=yourwalletfile.dat
# Total amount field added to overview page.
# HYP network interference fix.
# Unlock wallet option added to Wallet menu.
# -splitthreshold option - staking engine will not split blocks with size below splitthreshold amount. default 30 , max. 300
    Can be used as command line option or setting in .conf file or can be set in Qt wallet gui in Settings > Options > Main
# -staking option to disable minting: staking=0 will disable pos minting.

Download:


Windows: http://downloads.truckcoin.net/Truckcoin-v0.9.7.1-win.zip
Linux Ubuntu x64 14.04: http://downloads.truckcoin.net/Truckcoin-v0.9.7.1-ubuntu-x64.tar.gz
Mac: coming soon

Source: https://github.com/noise23/Truckcoin

great job.. so goooooddd!

[ryanb]

When it the block size goes in an effect?

[noise23]

When it the block size goes in an effect?

December 18, 20:23:23 GMT

[ryanb]

When it the block size goes in an effect?

December 18, 20:23:23 GMT

Thank you