[ANN] $XQN Quotient Financial Network | PoW Scrypt, PoS Blake-256 | UPDATE NOW

[UNO_owner]

i dont get this staking structure, i have approx 32,000 coins in my wallet in blocks of 618-625 , but i only get like 5 stakes of 16.18 coins a day, by my calculations it should be much higher based on 1618% annually,  anyone else seeing the same thing? thanks!

I've been trying to figure out the staking myself having picked coins up for the first time recently.  It's a nice system.  Smartly designed to ensure a secure network.

The max stake is 16.18 which is small, but the interest rate is incredibly high so it's difficult to optimize your rewards.  For perfect efficiency the goal is to have each input stake right after it is old enough to give you the full reward.  In the case of a large input this is less than the min coin age (16 hours) so the trick is to find the sweet spot.

I sent coins to my wallet in both 1000 and 2000 sized blocks a couple days ago having scored a fair amount on that laughable dump to 200.  So far every stake I've gotten has been the max amount which tells me the inputs are too high.  So, I'm letting them split in half until I start getting stakes that are less than 16.18.  I can already tell that default coin optimized size of 618 is not going to be the sweet spot for me.  I've set the auto optimizer to 309 to start with and if that doesn't get me a few less than max stakes I'll cut it in half again until I start seeing them and then make a decision on where I want the inputs to be.  However, my gut says that it is likely that the guy who talked about inputs the size of 100 a few days ago may be right on the nose.

Anyway, hope this helps.  Some of you who are more math inclined could probably design a nice formula to figure out the optimal block size based upon your stake weight vs avg network stake weight, but I am not that person.  Personally, I'd think it'd be nice if Cedric could post something about this to make our lives a bit easier or even better, incorporate it into the wallet so it's figured out for us.

Cheers.

[altinvest]

Should get Quotient added to Cryptsy 

Let's wait until XAI and XQN join forces. Then Cryptsy will come to us.

and how exactly they will do that?

[altinvest]

no rich list? someone's staking huge sum of coins and vomiting it all at Bittrex. This is a whale's coin ready to dump as soon as the price rise a bit 

[myagui]

no rich list? someone's staking huge sum of coins and vomiting it all at Bittrex. This is a whale's coin ready to dump as soon as the price rise a bit 

There is a rich list available here:
http://www.blocktree.io/richlist/XQN

Cheers!

[altinvest]

i dont get this staking structure, i have approx 32,000 coins in my wallet in blocks of 618-625 , but i only get like 5 stakes of 16.18 coins a day, by my calculations it should be much higher based on 1618% annually,  anyone else seeing the same thing? thanks!

is this staking rigged??? I don't see how someone is staking so many coins while most don't even get the "huge" 16.16 coins a day!

[altinvest]

no rich list? someone's staking huge sum of coins and vomiting it all at Bittrex. This is a whale's coin ready to dump as soon as the price rise a bit 

There is a rich list available here:
http://www.blocktree.io/richlist/XQN

Cheers!

thank you

[altinvest]

where's dev? is he the one dumping all those coins??? How can one trust this coin when someone is staking thousands of coins so fast and dumping it all! Can someone check the code??? No reason for dev not showing up even scammer once in a while post in their scan coins threads.
coin sentiment is very very low!

[Zenithar]

where's dev? is he the one dumping all those coins??? How can one trust this coin when someone is staking thousands of coins so fast and dumping it all! Can someone check the code??? No reason for dev not showing up even scammer once in a while post in their scan coins threads.
coin sentiment is very very low!

Every block stakes for 16.18 XQN or lower.  

Code:

int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees, int nHeight)
{
    int64_t nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);
    int64_t nSubsidyLimit = 618 * COIN;

    [b]if(nHeight >= 74000)
	nSubsidyLimit = 16.18 * COIN;[/b]

    nSubsidy = min(nSubsidy, nSubsidyLimit);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

https://github.com/CedricProfit/Quotient/blob/master/src/main.cpp

[anticlimax]

where's dev? is he the one dumping all those coins??? How can one trust this coin when someone is staking thousands of coins so fast and dumping it all! Can someone check the code??? No reason for dev not showing up even scammer once in a while post in their scan coins threads.
coin sentiment is very very low!

Seriously?

Keep it together.

A $100 dump and you're acting like the sky is falling.

When people have bills to pay, something you may not have to deal with, they sell coins to pay them off.

[JLEATHERMAN]

where's dev? is he the one dumping all those coins??? How can one trust this coin when someone is staking thousands of coins so fast and dumping it all! Can someone check the code??? No reason for dev not showing up even scammer once in a while post in their scan coins threads.
coin sentiment is very very low!

Every block stakes for 16.18 XQN or lower.  

int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees, int nHeight)
{
    int64_t nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + ;
    int64_t nSubsidyLimit = 618 * COIN;

    if(nHeight >= 74000)
   nSubsidyLimit = 16.18 * COIN;

    nSubsidy = min(nSubsidy, nSubsidyLimit);

    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}

https://github.com/CedricProfit/Quotient/blob/master/src/main.cpp

Well, the smiley face is really the number eight.  Don't know why it showed up as a smiley face.  I looked through the code attempting to determine what would be the best block size but ended up getting lost in the code.  Maybe someone else here is more qualified to see if they can figure it out.

[UNO_owner]

So, I'm thinking about this staking thing.

Lets say i have 100k coins in 1000 different inputs sized at 100 each.  To make the calc simple, lets ignore compounded interest and round the numbers off.  1 stake is 16.18% interest, so I need 100 stakes for each input in a year to get 1618%.  52 weeks in a year means I need to stake each input twice a week.

In other words, I need to generate 2000 blocks every week.  However, block time is 1 minute so there are only 10k blocks a week.  So, to get paid my fair interest I need to generate 20% of all blocks in a week with 1% of the total coins.

So, by my calcs, if more than half a million coins are staking regularly, people don't get paid the appropriate amount of interest.

[Flam]

You are right and that's partially why the price is dumb actually. There is not much XQN to grab from staking and the total supply won't 1618% 1 year from now it won't even double. As the xqn per block is fixed the percentage per day will only decrease against the total supply and we are already below the treshold. the actual daily rate is (60*24*16.18)/996899=0.23...% (decreasing) wheareas compund interests factored a sustained daily rate of approx 0.78% is needed to match 1618% a year. Anyway XQN should be at least a 30k$ market and only because the alts are bottoming right now. It's a great time to put money in trusted cryptos nowadays.

[Jwtech]

Easy way to tell things. Have the xqn rich list open for a day. Refresh one day later. Note the amount the top wallet has gained. It is roughly 1k. 5% = 1k
Network distribution is 20-22k roughly. Why people are selling atm  ? Meh, inpatient. This coin will have a price correction one day.

[presstab]

Hi Cedric, been chatting with some friends lately and heard some good things about Blake and how light weight it is, and that XQN uses it for PoS hashing. I am looking through your source code and it appears that kernel hashing is still using standard SHA256. Am I missing something in the code?

[CedricQuotient]

Hi Cedric, been chatting with some friends lately and heard some good things about Blake and how light weight it is, and that XQN uses it for PoS hashing. I am looking through your source code and it appears that kernel hashing is still using standard SHA256. Am I missing something in the code?

Yes, you are missing something   Do some more exploring...

[presstab]

Hi Cedric, been chatting with some friends lately and heard some good things about Blake and how light weight it is, and that XQN uses it for PoS hashing. I am looking through your source code and it appears that kernel hashing is still using standard SHA256. Am I missing something in the code?

Yes, you are missing something   Do some more exploring...

Ahh i figured it out. You are still doing the PoS kernel hashing in SHA256, and are only hashing the block header in Blake. Ok I was under the impression that the actual kernel hashing was blake

Case solved!

[anticlimax]

Hi Cedric, been chatting with some friends lately and heard some good things about Blake and how light weight it is, and that XQN uses it for PoS hashing. I am looking through your source code and it appears that kernel hashing is still using standard SHA256. Am I missing something in the code?

Yes, you are missing something   Do some more exploring...

Ahh i figured it out. You are still doing the PoS kernel hashing in SHA256, and are only hashing the block header in Blake. Ok I was under the impression that the actual kernel hashing was blake

Case solved!

This a repeat of what went down with iGotSpots?
Seems very similiar. 

[presstab]

This a repeat of what went down with iGotSpots?
Seems very similiar. 

Care to link me? I don't know what you are talking about.

[anticlimax]

This a repeat of what went down with iGotSpots?
Seems very similiar. 

Care to link me? I don't know what you are talking about.

You can go find it yourself. You know exactly what I'm talking about.

[presstab]

This a repeat of what went down with iGotSpots?
Seems very similiar. 

Care to link me? I don't know what you are talking about.

You can go find it yourself. You know exactly what I'm talking about.

I actually have no idea, but no worries. Good talking to you sir. I am sure I won't be the last one asking this question while the OP says that "stake mining" uses  Blake. Just a simple miscommunication it looks like, I am deeply sorry if i offended you by asking a question to the developer of the coin...