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Author Topic: [ANN][SEED] SeedCoin | New Road Map  (Read 181868 times)
CountofMonteCrypto
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October 09, 2014, 03:26:16 AM
 #961

Thanks Wiser for asking a lot of the questions I had, did your send to your own wallet work. I am an admitted noob but for the growth period would it be best to send all your coins to yourself in one transaction 24hr before last POW block. I understand no one knows exactly when that will be. What I'm wondering is if you are recommending having 4 6hr apart transactions just to ensure you can stake at least three times on the last day. By that logic would it not be better to split them up as much as you can. I don't understand weight so my next question is which is more important weight or amount of coins do those have an effect on your staking ability. would there be a disadvantage to having 12 incoming transactions 2 hrs apart. also if you are sending coins from in your wallet to youself which coins does the wallet choose to send most or least mature. Just trying to get my strategy right for this growth period.
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October 09, 2014, 04:04:22 AM
 #962

My plan is to divide into four transactions, and I'm going by block count, not actual time, so divide up 1440 by 4 gives you 360, so I'm trying to send myself 1/4 of my coin every 360 blocks (right now they are just flying by). Since I'm still mining I'll have some more coming in right up to the end, so I'll probably have to lump all that into a fifth transaction where I'll try to stick that midway between two of the others. I'm thinking of a "clock" with 1440 sections, so if I miss sending something at block 720, then I'd try to send it again the next "day" at block 1440 + 720 = 2160. My "0" block is the one with my first transaction.

I think there are two opposing things which need to be balanced. On one hand, spreading out transactions will ensure that at least some of them will stake all seven times. However, when a certain amount of coin starts staking, it takes some time to actually get its reward. So you want to allow plenty of time for it to get its reward before the next set of coin comes up. Otherwise you'll end up where you can't stake all your coin in one day, so you lose out on rewards. Not only that once the staking starts you'll have newly staked coin being added and that will I think naturally spread out as well.

So it looks to me that going into the growth period, you want a few coins maturing at regular intervals around a 1440 block "day."

At least that's how I understand it. Please keep in mind that this is me learning all about this coin and the way Scrypt POS works. I did not work on the development and this is my first exposure to Scrypt POS, though I've been involved in POS coins with other algorithms, mainly NXT and its clones. So, think it through before following my strategy, and maybe others can weigh in.

Also, keep in mind you have to use the coin control feature to decide which coins get sent back to yourself. You can get a list of all your coins, and select the ones you want to consolidate, then send the exact amount minus the transaction fee and that seems to work.

Thanks Wiser for asking a lot of the questions I had, did your send to your own wallet work. I am an admitted noob but for the growth period would it be best to send all your coins to yourself in one transaction 24hr before last POW block. I understand no one knows exactly when that will be. What I'm wondering is if you are recommending having 4 6hr apart transactions just to ensure you can stake at least three times on the last day. By that logic would it not be better to split them up as much as you can. I don't understand weight so my next question is which is more important weight or amount of coins do those have an effect on your staking ability. would there be a disadvantage to having 12 incoming transactions 2 hrs apart. also if you are sending coins from in your wallet to youself which coins does the wallet choose to send most or least mature. Just trying to get my strategy right for this growth period.

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October 09, 2014, 04:38:38 AM
 #963

what do you guys think the market will look like after the pos 10k block huge interest? i honestly think this coin might end up going back to where it is now, even after the massive growth!

GoldMin.es Pool  BTC: 1GU1eqwtBpbiJMyDBqz8GX6em4SVLwuV
cryptzo
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October 09, 2014, 04:58:05 AM
 #964

When you generate new addresses in the wallet there is a checkbox for "stealth address", what does that do?

Nothing useful at the moment. Stealth addresses are privacy addresses developed and implemented by the shadowcoin team, of which seedcoin was forked. They're basically a dual-signature address that can't be traced back to your wallet. Unfortunately they don't play nice with seedcoin addresses out of the box so I need to fix them.

You can use them properly from the debug window or command line, but the qt wallet can't deal with them. I'd recommend not using them until I can fix them and test them properly. Nothing about them will mess with the network, all the magic happens in the client. I meant to disable the check box until I fixed it but I forgot. I'll just fix it in a later update, it's nothing critical. For now checking the box just gives you a regular seedcoin address.

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October 09, 2014, 04:59:51 AM
 #965

Curious on this strategy. Your network weight of having one block of coins vs split up in theory should balance out. I think it just is if you wanna get one block with your interest or if you want multiple coins maturing and staking consistently.

Be interested to see how it plays out.


My plan is to divide into four transactions, and I'm going by block count, not actual time, so divide up 1440 by 4 gives you 360, so I'm trying to send myself 1/4 of my coin every 360 blocks (right now they are just flying by). Since I'm still mining I'll have some more coming in right up to the end, so I'll probably have to lump all that into a fifth transaction where I'll try to stick that midway between two of the others. I'm thinking of a "clock" with 1440 sections, so if I miss sending something at block 720, then I'd try to send it again the next "day" at block 1440 + 720 = 2160. My "0" block is the one with my first transaction.

I think there are two opposing things which need to be balanced. On one hand, spreading out transactions will ensure that at least some of them will stake all seven times. However, when a certain amount of coin starts staking, it takes some time to actually get its reward. So you want to allow plenty of time for it to get its reward before the next set of coin comes up. Otherwise you'll end up where you can't stake all your coin in one day, so you lose out on rewards. Not only that once the staking starts you'll have newly staked coin being added and that will I think naturally spread out as well.

So it looks to me that going into the growth period, you want a few coins maturing at regular intervals around a 1440 block "day."

At least that's how I understand it. Please keep in mind that this is me learning all about this coin and the way Scrypt POS works. I did not work on the development and this is my first exposure to Scrypt POS, though I've been involved in POS coins with other algorithms, mainly NXT and its clones. So, think it through before following my strategy, and maybe others can weigh in.

Also, keep in mind you have to use the coin control feature to decide which coins get sent back to yourself. You can get a list of all your coins, and select the ones you want to consolidate, then send the exact amount minus the transaction fee and that seems to work.

Thanks Wiser for asking a lot of the questions I had, did your send to your own wallet work. I am an admitted noob but for the growth period would it be best to send all your coins to yourself in one transaction 24hr before last POW block. I understand no one knows exactly when that will be. What I'm wondering is if you are recommending having 4 6hr apart transactions just to ensure you can stake at least three times on the last day. By that logic would it not be better to split them up as much as you can. I don't understand weight so my next question is which is more important weight or amount of coins do those have an effect on your staking ability. would there be a disadvantage to having 12 incoming transactions 2 hrs apart. also if you are sending coins from in your wallet to youself which coins does the wallet choose to send most or least mature. Just trying to get my strategy right for this growth period.
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October 09, 2014, 05:10:03 AM
 #966

When you generate new addresses in the wallet there is a checkbox for "stealth address", what does that do?

Nothing useful at the moment. Stealth addresses are privacy addresses developed and implemented by the shadowcoin team, of which seedcoin was forked. They're basically a dual-signature address that can't be traced back to your wallet. Unfortunately they don't play nice with seedcoin addresses out of the box so I need to fix them.

You can use them properly from the debug window or command line, but the qt wallet can't deal with them. I'd recommend not using them until I can fix them and test them properly. Nothing about them will mess with the network, all the magic happens in the client. I meant to disable the check box until I fixed it but I forgot. I'll just fix it in a later update, it's nothing critical. For now checking the box just gives you a regular seedcoin address.

Thanks for the info.  Never messed with shadow coin so I had never seen that option.

"May you forge your coins from nothingness and may they never be worth nothing." - Anonymous Miner
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October 09, 2014, 05:32:28 AM
 #967

If you look back a few pages, we were discussing the situation with my wallet where because I have been mining I have multiple small deposits, so small amounts of coin maturing all the time. It's good, except for the fact that each time an amount of coin goes up for staking, it blocks the other coins from staking until it's gotten its reward. So you can imagine that if you have a bunch of very small amounts staking, you might not be able to get to all of your coin in the 24 hour period. In order to assure giving all your coins a chance to stake in each 24 hour (or 1440 block) period, it makes more sense to have fewer sets of larger amounts of coin. Because the amount of coin going up for staking doesn't matter (large or small). That's what I gleaned from the earlier discussion. I'm open to correction, though. Like everyone here, I want the best strategy for the maximum growth once POW is over and done with.

Curious on this strategy. Your network weight of having one block of coins vs split up in theory should balance out. I think it just is if you wanna get one block with your interest or if you want multiple coins maturing and staking consistently.

Be interested to see how it plays out.


My plan is to divide into four transactions, and I'm going by block count, not actual time, so divide up 1440 by 4 gives you 360, so I'm trying to send myself 1/4 of my coin every 360 blocks (right now they are just flying by). Since I'm still mining I'll have some more coming in right up to the end, so I'll probably have to lump all that into a fifth transaction where I'll try to stick that midway between two of the others. I'm thinking of a "clock" with 1440 sections, so if I miss sending something at block 720, then I'd try to send it again the next "day" at block 1440 + 720 = 2160. My "0" block is the one with my first transaction.

I think there are two opposing things which need to be balanced. On one hand, spreading out transactions will ensure that at least some of them will stake all seven times. However, when a certain amount of coin starts staking, it takes some time to actually get its reward. So you want to allow plenty of time for it to get its reward before the next set of coin comes up. Otherwise you'll end up where you can't stake all your coin in one day, so you lose out on rewards. Not only that once the staking starts you'll have newly staked coin being added and that will I think naturally spread out as well.

So it looks to me that going into the growth period, you want a few coins maturing at regular intervals around a 1440 block "day."

At least that's how I understand it. Please keep in mind that this is me learning all about this coin and the way Scrypt POS works. I did not work on the development and this is my first exposure to Scrypt POS, though I've been involved in POS coins with other algorithms, mainly NXT and its clones. So, think it through before following my strategy, and maybe others can weigh in.

Also, keep in mind you have to use the coin control feature to decide which coins get sent back to yourself. You can get a list of all your coins, and select the ones you want to consolidate, then send the exact amount minus the transaction fee and that seems to work.

Thanks Wiser for asking a lot of the questions I had, did your send to your own wallet work. I am an admitted noob but for the growth period would it be best to send all your coins to yourself in one transaction 24hr before last POW block. I understand no one knows exactly when that will be. What I'm wondering is if you are recommending having 4 6hr apart transactions just to ensure you can stake at least three times on the last day. By that logic would it not be better to split them up as much as you can. I don't understand weight so my next question is which is more important weight or amount of coins do those have an effect on your staking ability. would there be a disadvantage to having 12 incoming transactions 2 hrs apart. also if you are sending coins from in your wallet to youself which coins does the wallet choose to send most or least mature. Just trying to get my strategy right for this growth period.

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October 09, 2014, 05:46:23 AM
 #968

wow, right after 24 hours of staking I earned my first reward!!!

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October 09, 2014, 06:29:33 AM
 #969

wow, right after 24 hours of staking I earned my first reward!!!

and what is it? free popcorn?  Grin

O_o
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October 09, 2014, 06:46:31 AM
 #970

wow, right after 24 hours of staking I earned my first reward!!!

and what is it? free popcorn?  Grin

lol, CONGRATS you r the first with the name jokes.

I figured with a name like popcorn75 it would of happened sooner.


funny thing is as I am typing I am thinking.... A seed is kind of like a kernel. and we all want our kernels to pop.

So ya you could call my reward popcorn I guess...

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October 09, 2014, 07:27:27 AM
 #971

wow, right after 24 hours of staking I earned my first reward!!!

and what is it? free popcorn?  Grin

lol, CONGRATS you r the first with the name jokes.

I figured with a name like popcorn75 it would of happened sooner.


funny thing is as I am typing I am thinking.... A seed is kind of like a kernel. and we all want our kernels to pop.

So ya you could call my reward popcorn I guess...
we can make another wallet for popcorn coin. we will deposit you there and stake LOL

O_o
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October 09, 2014, 07:36:56 AM
 #972

we could use more hashpower here.. havent found a block in a few hours now..

GoldMin.es Pool  BTC: 1GU1eqwtBpbiJMyDBqz8GX6em4SVLwuV
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October 09, 2014, 08:58:34 AM
 #973

we could use more hashpower here.. havent found a block in a few hours now..

it may be because another pool has 1/3 of the total hashrate

O_o
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October 09, 2014, 10:13:20 AM
 #974

POW blocks after block 8600 wont have time to do full growth right?
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October 09, 2014, 10:24:05 AM
 #975

Ok. Just thought I'd post a thread for the noobs like me that are having trouble getting the manual update of the seedcoin wallet to work.

I spent a good part of 5 hours fiddling with my wallet on and off yesterday only to find that no matter what I do - it didn't synch. Obviously this sucks because I have a good sized wallet and I started to panic.

Well, panic ye not - Once you have followed all the update instructions just leave it. Go to work, bed, do something else for the next six hours.

It took my wallet about 5 hours to synch to the correct nodes. I left it on accidentally last night after going away in the huff; but once I woke up - wallah, the wallet had synched and there were my available coins. So just give it time. No need to get frustrated Smiley Synching will take very long.

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October 09, 2014, 10:35:36 AM
 #976

Ok. Just thought I'd post a thread for the noobs like me that are having trouble getting the manual update of the seedcoin wallet to work.

I spent a good part of 5 hours fiddling with my wallet on and off yesterday only to find that no matter what I do - it didn't synch. Obviously this sucks because I have a good sized wallet and I started to panic.

Well, panic ye not - Once you have followed all the update instructions just leave it. Go to work, bed, do something else for the next six hours.

It took my wallet about 5 hours to synch to the correct nodes. I left it on accidentally last night after going away in the huff; but once I woke up - wallah, the wallet had synched and there were my available coins. So just give it time. No need to get frustrated Smiley Synching will take very long.

I was trying to make it sync 2 days ago.
Deleted everything except wallet.dat and nothing worked.
I tried several times and last time worked like a charm. it synced from 0 block to last block within 2 minutes

O_o
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October 09, 2014, 10:50:26 AM
 #977

I wasnt able to sinc using the nodes in the OP last time. I had to use the nodes I posted in my last post and it sinc'd in under a minute.

Free coins for doing nothing https://qoinpro.com/d45ca89a36b0bfdd29925ca28760ef53
gimme free btc Tongue  :  14DsWStNquSGgJtekxd3CXZvnTsyLmGxeT
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October 09, 2014, 11:27:05 AM
 #978

My issue with syncing after a power outage at my house yesterday corrupted the local blockchain had me frustrated, until I tried this simple procedure.

Delete all but the wallet.dat.

Start 1.0.2 wallet then let sync until it stops, wait another minute or two then shut it down.

Start 1.0.1 wallet it will complete the sync in seconds.  Shut that down.

Restart 1.0.2 wallet and it will be synced. (tried it 3 times)
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October 09, 2014, 11:42:19 AM
 #979

Hi,
the wallet is stuck on synching, block 4062.. and the blocks remaining to sync gets higher..

Does this mean that I wont be able to stake?

My seedcoin.conf
Code:
connect=185.45.192.191
connect=198.144.184.175
connect=199.127.226.221

addnode=184.155.137.189:15330
addnode=125.63.58.138:15330
addnode=62.30.194.230:15330
addnode=75.83.196.109:15330
addnode=64.130.82.224:15330
addnode=101.187.47.195:15330

EDIT: I removed everything except for seedcoin.conf and wallet.dat..
It synched pretty fast to block 3505 within 1 minute.... but now it is stuck and has been on block 3505 several minutes.

I bought SEED in the ICO and want to stake.. please help me.

BTW do I really need wallet v1.0.2.0? Because the wallet version prior to v1.0.2.0 seemed to be working?

EDIT2:  Ok it is working.. I needed to remove seed totally 3-4 times before it synched now.
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October 09, 2014, 12:55:44 PM
 #980

Why does the seedcoin wallet come up as malicious software in chrome when I try to download it ?

When I tried to download it with firefox , windows 8 blocked it as well when trying to run ....


What gives HuhHuh Huh

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