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cryptzo (OP)
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October 06, 2014, 05:34:27 AM |
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My wallet are not staking either. I have 5+ seeds in it and it has been online for days now. The wallet is telling me that my coins are immature.
This does interest me. 5 seeds should be staking by now. Did you purchase from the ICO? |
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BEECoinfan
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October 06, 2014, 05:45:59 AM |
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Any idea when the block explorer will be up and running? (or if it is where I can find it?) Thanks
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BeerPimp
Member
 Offline
Activity: 94
Merit: 10
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October 06, 2014, 06:42:42 AM |
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Just watched all the sell orders on trex get chewed up and go poof. Including a 1 BTC bid for 0.10237908 SEED
Now its getting interdasting. All the orders filled in fairly quickly then.
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AlexAtom
Member
Offline
Activity: 560
Merit: 10
YOUC - www.youengine.io
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October 06, 2014, 06:50:48 AM |
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Just watched all the sell orders on trex get chewed up and go poof. Including a 1 BTC bid for 0.10237908 SEED
Now its getting interdasting. All the orders filled in fairly quickly then.
That was quite something!  |
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infernoman
Legendary
Offline
Activity: 964
Merit: 1000
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October 06, 2014, 07:00:10 AM |
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yeah wallet is still not working correctly. i've had more than 1 coin for more than 24 hours. so i should be able to stake, and i cant
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atavacron
Full Member
Offline
Activity: 224
Merit: 100
The definition of insanity is doing the same thing
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October 06, 2014, 07:31:31 AM |
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yeah wallet is still not working correctly. i've had more than 1 coin for more than 24 hours. so i should be able to stake, and i cant
I've got a couple of coins and no stake after much more than 24 hours. Something isn't working correctly. |
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james42
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October 06, 2014, 07:42:31 AM |
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My wallet with > 1 coin is not staking either
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EfterlysT
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October 06, 2014, 07:44:51 AM |
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My wallet are not staking either. I have 5+ seeds in it and it has been online for days now. The wallet is telling me that my coins are immature.
This does interest me. 5 seeds should be staking by now. Did you purchase from the ICO? I have been mining. The wallet have held around five seeds for atleast 30hours by now. |
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cryptzo (OP)
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October 06, 2014, 07:55:18 AM |
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Ok, let me break it down as simply as I can. In order to stake 1 coin, it will actually take 48 hours to reach 1 weight on the network. Anything less than 1 weight on the network is rounded down to nothing. This is a limitation of the staking algorithm itself, and not something that was coded in.
2 coins would take 36 hours. 3 coins would take 32 hours. 4 coins would take 30 hours. 5 coins would take 28 hours.
The math is 24 hours + (24 hours / Number of coins you have) to reach weight 1. Under ordinary circumstances, people have lots of coins, so this sort of thing goes unnoticed.
The coin itself takes a few minutes to register the fact that it can stake at all, and testing took place in an accelerated wallet, so this issue went unnoticed, as the couple of minutes for the client to realize it could stake was accounted for.
This issue will sort itself out over the course of a couple of days for people with 1 or more coins. But it will not sort itself out for people with much less than that, and that is why a fix is being worked on right now. Thanks for taking the time to read and understand the issue.
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cryptzo (OP)
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October 06, 2014, 07:56:18 AM |
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What is seedcoin total coin supply?
Right now or in the end? Right now about 266 coins. In the end? Anybody's guess. Could be 100k. Could be 10m. Nobody knows. |
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atavacron
Full Member
Offline
Activity: 224
Merit: 100
The definition of insanity is doing the same thing
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October 06, 2014, 07:58:07 AM |
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Ok, let me break it down as simply as I can. In order to stake 1 coin, it will actually take 48 hours to reach 1 weight on the network. Anything less than 1 weight on the network is rounded down to nothing. This is a limitation of the staking algorithm itself, and not something that was coded in.
2 coins would take 36 hours. 3 coins would take 32 hours. 4 coins would take 30 hours. 5 coins would take 28 hours.
The math is 24 hours + (24 hours / Number of coins you have) to reach weight 1. Under ordinary circumstances, people have lots of coins, so this sort of thing goes unnoticed.
The coin itself takes a few minutes to register the fact that it can stake at all, and testing took place in an accelerated wallet, so this issue went unnoticed, as the couple of minutes for the client to realize it could stake was accounted for.
This issue will sort itself out over the course of a couple of days for people with 1 or more coins. But it will not sort itself out for people with much less than that, and that is why a fix is being worked on right now. Thanks for taking the time to read and understand the issue.
OK, I got it. It makes sense now. Thanks cryptzo. |
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bitkokos
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October 06, 2014, 08:04:41 AM |
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Ok, let me break it down as simply as I can. In order to stake 1 coin, it will actually take 48 hours to reach 1 weight on the network. Anything less than 1 weight on the network is rounded down to nothing. This is a limitation of the staking algorithm itself, and not something that was coded in.
Then, how 1 coin will give 269% in 24 hours and so on, if it needs 48 hours ? here you said, your days are perfect https://bitcointalk.org/index.php?topic=795954.msg9091660#msg9091660 |
O_o
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cryptzo (OP)
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October 06, 2014, 08:14:24 AM |
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Ok, let me break it down as simply as I can. In order to stake 1 coin, it will actually take 48 hours to reach 1 weight on the network. Anything less than 1 weight on the network is rounded down to nothing. This is a limitation of the staking algorithm itself, and not something that was coded in.
Then, how 1 coin will give 269% in 24 hours and so on, if it needs 48 hours ? here you said, your days are perfect https://bitcointalk.org/index.php?topic=795954.msg9091660#msg9091660Because you'll stake on day one and get 3.69 coins. Those 3.69 coins will stake happily about 30 hours later, when they'll turn into 13 coins. 13 coins will stake fairly quickly, coming in a little less than 26 hours later, and turning over a whopping 50 coins. 50 coins will be ready in 24 1/2 hours after that, beyond which the timing is negligible. The updated code that I am currently working on will remove this problem. Everyone's coins will reach 1 weight much sooner, and weight will accumulate much faster. |
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bitkokos
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October 06, 2014, 08:18:41 AM |
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Ok, let me break it down as simply as I can. In order to stake 1 coin, it will actually take 48 hours to reach 1 weight on the network. Anything less than 1 weight on the network is rounded down to nothing. This is a limitation of the staking algorithm itself, and not something that was coded in.
Then, how 1 coin will give 269% in 24 hours and so on, if it needs 48 hours ? here you said, your days are perfect https://bitcointalk.org/index.php?topic=795954.msg9091660#msg9091660Because you'll stake on day one and get 3.69 coins. Those 3.69 coins will stake happily about 30 hours later, when they'll turn into 13 coins. 13 coins will stake fairly quickly, coming in a little less than 26 hours later, and turning over a whopping 50 coins. 50 coins will be ready in 24 1/2 hours after that, beyond which the timing is negligible. The updated code that I am currently working on will remove this problem. Everyone's coins will reach 1 weight much sooner, and weight will accumulate much faster. Based on what you said, it needs 24 hours +(24/ coins) I will have 0.1 Seed. By using the above formula, 0.1 Seed will need 264 hours for staking and that's 11 days. So by the 7th day I Will still have 0.1 Seed  |
O_o
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popcorn75
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October 06, 2014, 08:46:16 AM |
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So if I am understanding correctly, I need a minimum of 1 seed to stake?
And will this fix (if any)before the growth period?
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james42
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October 06, 2014, 08:52:52 AM |
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I'm targeting the fix (with a solid lead time so everyone has a chance to update their wallets) for 12am UTC October 8th, |
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bitkokos
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October 06, 2014, 08:54:29 AM |
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So if I am understanding correctly, I need a minimum of 1 seed to stake?
And will this fix (if any)before the growth period?
I feel like I am losing my time trying to mine this coin with 4mh/s Don't know if it worth a week of mining. of course I will be happy if I make 0.1 BTC |
O_o
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popcorn75
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October 06, 2014, 09:03:19 AM |
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I'm targeting the fix (with a solid lead time so everyone has a chance to update their wallets) for 12am UTC October 8th, thanks for the reply, but will this fix happen before the growth period? |
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BEECoinfan
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October 06, 2014, 10:28:57 AM |
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Just worked out my cost on beta rigs and with all the hash and difficulty both going up it seems that its about 0.15btc to 0.18btc per seed cost now and that would take 24 hours to get the full seed. So it seems much better to just buy on bittrex at the moment. At least you get the seed right away so you can get it ready to stake.
Just want to add in (Correct me if I'm wrong) but its only 1% PER YEAR stake until block 10100 and since were only on block 2224 it would seem there is lots of time for both the fix and anybody who buys now to get the full 269% per day stake later when it kicks in at block 10100.
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