traderman
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January 30, 2015, 06:43:44 PM |
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Wouldn't a malicious actor with a botnet be able to raise the hash rate so far that the block reward stays very low for an extended period of time?
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malekbaba
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January 30, 2015, 07:08:29 PM |
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[/quote]
I get around 1 XMG per 25.000 XMG staking per day.
[/quote]
so if I have 2500 xmg, I will get 100 per day ??
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mintminty59
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January 30, 2015, 07:17:27 PM |
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Mine isnt stacking then because I have 100 XMG and I only get like 0.02 now and again interest. My wallet says,
My weight is 68,
Network weight is 655132.
Expected time to earn rewards 10 days....
What does it mean? I have to keep my pc open for 10 days without any interruption for 10 days to get reward ?? And how much I will get after 10 days ?? Please help me
The expected time is very coarse. It'll look very different between at the very beginning and after staking few hours. How many coins in your wallet, and how much time coins sitting in the wallet for staking? It's not necessary to keep the wallet open to get the rewards. Let's say we know expecting reward coming in tomorrow, you can just open it up by that time; but use cautious as PoS-II is very different from general PoS. You can always get PoS reward in a general PoS staking, but it depends for PoS-II. I get around 1 XMG per 25.000 XMG staking per day. Sounds right to me.  |
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The Frisian
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Senior Developer and founder of ViMeAv ICT
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January 30, 2015, 07:32:56 PM
Last edit: January 30, 2015, 07:55:21 PM by The Frisian |
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I get around 1 XMG per 25.000 XMG staking per day.
so if I have 2500 xmg, I will get 100 per day ??
No, 1/10 |
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hefty
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January 30, 2015, 08:02:36 PM |
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I get around 1 XMG per 25.000 XMG staking per day. [/quote] so if I have 2500 xmg, I will get 100 per day ?? [/quote] i would love that the less you have the more you get  jk |
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joelao95 (OP)
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January 30, 2015, 08:20:07 PM |
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Wouldn't a malicious actor with a botnet be able to raise the hash rate so far that the block reward stays very low for an extended period of time?
Sure - and with that amount of hash, as long as the minimum block reward isn't too small, you may still profit. I don't think profit would be a concern in this case, and actually I don't think it's profitable. malicious "attack-like" botnet which keep the block reward stay low will be a concern, however none will benefit from this kind of "attack". |
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joelao95 (OP)
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January 30, 2015, 08:52:24 PM |
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Mine isnt stacking then because I have 100 XMG and I only get like 0.02 now and again interest.
Yes, it will take time back to the staking state.
I get around 1 XMG per 25.000 XMG staking per day.
so if I have 2500 xmg, I will get 100 per day ?? i would love that the less you have the more you get jk I'd love this too, however it's not about economy but about fun in my view. People having more coins should be advantageous to get more interests but they'll need strategy to gain; it's also impossible to resist people getting more interest frankly. |
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joelao95 (OP)
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January 30, 2015, 09:19:16 PM |
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Wouldn't a malicious actor with a botnet be able to raise the hash rate so far that the block reward stays very low for an extended period of time?
Sure - and with that amount of hash, as long as the minimum block reward isn't too small, you may still profit. I don't think profit would be a concern in this case, and actually I don't think it's profitable. malicious "attack-like" botnet which keep the block reward stay low will be a concern, however none will benefit from this kind of "attack". Note what I said - as long as the min block reward isn't too small. For every minimum block reward, there's a cost per kh that makes it profitable at that reward - you just want to make the cost per kh required unreasonably small. It really depends, however, you can say one with zero costs is always profiting, then I won't be able to argue. The issue is all about the amout of block reward, how profitable it is, and at what level the block reward is too small (very much depends on the market price though). As I explained a few pages back, block reward can go all the way down to mining fee, 0.0001; the distance between not much small and very small won't be huge. |
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Karn
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"The mass of men lead lives of quiet desperation."
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January 30, 2015, 09:32:39 PM |
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I get around 1 XMG per 25.000 XMG staking per day. [/quote] so if I have 2500 xmg, I will get 100 per day ?? [/quote] I must be doing it wrong lol I don't get even close to 1 per 25. How should I set it up for better staking I have just over 3k xmg. |
“But it's a poor fellow who can't take his pleasure without asking other people's permission.” ― Hermann Hesse, Steppenwolf
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joelao95 (OP)
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January 30, 2015, 09:33:03 PM |
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Wouldn't a malicious actor with a botnet be able to raise the hash rate so far that the block reward stays very low for an extended period of time?
Sure - and with that amount of hash, as long as the minimum block reward isn't too small, you may still profit. I don't think profit would be a concern in this case, and actually I don't think it's profitable. malicious "attack-like" botnet which keep the block reward stay low will be a concern, however none will benefit from this kind of "attack". Note what I said - as long as the min block reward isn't too small. For every minimum block reward, there's a cost per kh that makes it profitable at that reward - you just want to make the cost per kh required unreasonably small. It really depends, however, you can say one with zero costs is always profiting, then I won't be able to argue. The issue is all about the amout of block reward, how profitable it is, and at what level the block reward is too small (very much depends on the market price though). As I explain a few pages back, block reward can go all the way down to mining fee, 0.0001; the distance between not much small and very small won't be huge. Oh, I missed that post - didn't know block reward could go down to fee. In that case, there's no reasonable cost per kh that makes the attack worth it. Yep, however the real situation is more complicated, some miners leaving will get the block reward back, that very much depends on the user base of generic miners too. Speaking of another side, if these big miners are malicious who just don't care, that would be a little bit tough. |
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111magic
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January 30, 2015, 09:33:25 PM |
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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joelao95 (OP)
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January 30, 2015, 09:37:34 PM |
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Btw, this is what we're using now.  The network difficulty here is not the actual difficulty, but a kind of value according to a complex computation by evaluating most recent blocks. |
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111magic
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January 30, 2015, 10:04:44 PM |
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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The Frisian
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January 30, 2015, 10:11:50 PM |
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I get around 1 XMG per 25000 XMG staking per day.
I must be doing it wrong lol I don't get even close to 1 per 25. How should I set it up for better staking I have just over 3k xmg.
3000 XMG staking means 1/10 (one tenth) XMG per day |
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go6ooo1212
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January 30, 2015, 10:12:08 PM |
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Nice , thanks to my friend Kondiomir adding it there ... |
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Karn
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"The mass of men lead lives of quiet desperation."
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January 30, 2015, 10:14:28 PM |
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I get around 1 XMG per 25000 XMG staking per day.
I must be doing it wrong lol I don't get even close to 1 per 25. How should I set it up for better staking I have just over 3k xmg.
3000 XMG staking means 1/10 (one tenth) XMG per day I'm good to go then. Thank you  |
“But it's a poor fellow who can't take his pleasure without asking other people's permission.” ― Hermann Hesse, Steppenwolf
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111magic
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January 30, 2015, 10:53:25 PM |
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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Zywiec
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January 31, 2015, 01:04:00 AM |
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Another good day for MAGI!!!
I've already voted Cryptsy
Could you send request to Cryptocoinrank.com? Should be suitable for XMG! |
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dsyahputera
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January 31, 2015, 04:36:15 AM |
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Nice project, now I have a job for my idle VPS  Keeping eye on this |
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jawitech
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January 31, 2015, 04:47:54 AM |
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Nice project, now I have a job for my idle VPS Keeping eye on this Welcome to the Magi community Here's our VPS mining tutorial. https://bitcointalk.org/index.php?topic=735170.msg8800103#msg8800103Be sure to use the latest miner in order to get proper hashrate. If you have any questions, don't hesitate to ask. @Joe Could you please update the VPS guide regarding the new miner? |
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