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Author Topic: Official Stakecoin Thread  (Read 78494 times)
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crypto4jan
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August 31, 2015, 09:29:58 PM
 #721

It looks like its back to normal now.
Since 1 hour no new POS, stick again?
https://chainz.cryptoid.info/stk/#

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CinniCoin
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September 01, 2015, 03:27:30 AM
 #722

It looks like its back to normal now.
Since 1 hour no new POS, stick again?
https://chainz.cryptoid.info/stk/#

Well yeah It's stuck again. Because people are not staking anymore.
I'll make the pos reward a fixed number per block as you suggested. That should give people more incentive to stake regularly instead of only staking to get interest.
Once we decide on what the pos reward per block should be, I'll make the changes on github and compile the wallets and ask CryptoId and Yobit and everyone to update.
Ok?
So what do you think the pos reward should be? Is 0.2 STK per block a good amount? And how far from the update should the hard fork take place? Should the hard fork take place 2 weeks after the wallet is updated?
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September 01, 2015, 06:16:39 AM
 #723

It looks like its back to normal now.
Since 1 hour no new POS, stick again?
https://chainz.cryptoid.info/stk/#

Well yeah It's stuck again. Because people are not staking anymore.
I'll make the pos reward a fixed number per block as you suggested. That should give people more incentive to stake regularly instead of only staking to get interest.
Once we decide on what the pos reward per block should be, I'll make the changes on github and compile the wallets and ask CryptoId and Yobit and everyone to update.
Ok?
So what do you think the pos reward should be? Is 0.2 STK per block a good amount? And how far from the update should the hard fork take place? Should the hard fork take place 2 weeks after the wallet is updated?
Hi CinniCoin,
This change can be a great move.
A pos reward of 0.2 looks small to me or is it a combination with normal pos and fixed pos?
How much coins are generated each day if all the coins are staking?
Divide that number by the created blocks and that is a fair Pos reward if the fixed pos reward is the only reward for StakeCoin.

Ok the time period for the fork?
First we need more nodes (also VPS) before we can start-up again.
How long can you wait for start-up again?
We have to prepare this start-up carefully but my time is limited the time frame we have also I think.
So 2 weeks from start-up to fork is ok.
Is two weeks before start-up also possible for the exchange?

What about CINNI?
CINNI is on the front page and the data is not correct I think, there were never 150.000.000 CININI?
http://coinmarketcap.com/currencies/cinni/#markets
You can ask then to correct the data or beter ask them to remove CINNI.
How much CINNI is traded on Cryptsy?
If you give them an opportunity to swap to the new StakeCoin then you have listing on Cryptsy.
Is the CINNI block chain is dead or still alive?

Can you make a web-page for StakeCoin and twitter page and Facebook?
Because we need channels to promote the new StakeCoin.
An IRC-channel maybe with a tip-bot?
We need a reward program to attract people to StakeCoin and get their wallets online for the fixed pos-reward.

Ok this was just some brain storm we can continue and maybe other community members have also some good idea's.
This situation is also a change to create new opportunities.


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September 02, 2015, 03:18:16 PM
 #724

It looks like its back to normal now.
Looks like the probleme is solved again.

kawa900jc
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September 06, 2015, 06:30:53 PM
 #725

No updates CinniCoin?
Wallet is staking ok now.
CinniCoin
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September 07, 2015, 01:44:01 AM
 #726

Will update stakecoin soon.
Just need to decide on a block reward first.
If its too low, people won't stake.
And if its too high, then there would be alot of inflation.
What do you think the block reward should be for staking?
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September 07, 2015, 04:00:54 AM
 #727

I see 1300 blocks per day and about 250-10000 POS-rewards per day.
You sugested 0.2 but I think 2 is a nice number.
Only 2600 STK per day inflation
365 * 2600 = 91000 that is 5% per year total coins.
That is I think not so bad and if STK becomes populair staking is then very profitable.

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September 07, 2015, 04:12:09 AM
 #728

I see 1300 blocks per day and about 250-10000 POS-rewards per day.
You sugested 0.2 but I think 2 is a nice number.
Only 2600 STK per day inflation
365 * 2600 = 91000 that is 5% per year total coins.
That is I think not so bad and if STK becomes populair staking is then very profitable.

But 2 coins per block means 985,500 new coins per year. Not 91,000.

Each year there are 492,750 blocks.
The current supply is 1,136,965.7 STK.

0.2 coins per block = 8.67% inflation
0.35 coins per block = 15% inflation
0.5 coins per block = 21.6% inflation
2 coins per block = 86.6% inflation

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September 07, 2015, 07:04:31 AM
 #729

I see 1300 blocks per day and about 250-10000 POS-rewards per day.
You sugested 0.2 but I think 2 is a nice number.
Only 2600 STK per day inflation
365 * 2600 = 91000 that is 5% per year total coins.
That is I think not so bad and if STK becomes populair staking is then very profitable.

But 2 coins per block means 985,500 new coins per year. Not 91,000.

Each year there are 492,750 blocks.
The current supply is 1,136,965.7 STK.

0.2 coins per block = 8.67% inflation
0.35 coins per block = 15% inflation
0.5 coins per block = 21.6% inflation
2 coins per block = 86.6% inflation


Oops..
Yes then 0.2 is a nice reward. Sorry I made a mistake in my calculation.
Maybe creat also bonus blockes with 10 coins reward about once a day on round numbers 1k blocks or someting else extra reward options.
Can empty wallets also stake with this new reward protocol or do you need weight?

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September 21, 2015, 07:16:50 PM
 #730

Will update stakecoin soon.
Just need to decide on a block reward first.
If its too low, people won't stake.
And if its too high, then there would be alot of inflation.
What do you think the block reward should be for staking?
Working on the update or keep it as it is?
I ordered 2 VPS i7  for 0,3 BTC 1 year.
VPS is also good for STK, I can give you details if you want.
The network for STK is still very poor with 4-5 nodes.
CinniCoin
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October 03, 2015, 03:48:45 AM
 #731

Will update stakecoin soon.
Just need to decide on a block reward first.
If its too low, people won't stake.
And if its too high, then there would be alot of inflation.
What do you think the block reward should be for staking?
Working on the update or keep it as it is?
I ordered 2 VPS i7  for 0,3 BTC 1 year.
VPS is also good for STK, I can give you details if you want.
The network for STK is still very poor with 4-5 nodes.
Please run a StakeCoin node on your VPS if you want. It doesn't use much resources.

Sorry guys I was very busy with work this past month.
Yes I'll make the update soon.
crypto4jan
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October 03, 2015, 07:09:31 AM
 #732


Please run a StakeCoin node on your VPS if you want. It doesn't use much resources.

StakeCoin runs great but the EnergyCoin wallet doesn't and asks much more resources.
My dev is working on improvement and if that if finished I can trying.
My focus is on EnergyCoin and StakeCoin is just one of my other coins I like and support.
If community like to have VPS I can ask my dev to run the STK wallets but that is not for free.

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October 13, 2015, 01:32:23 PM
 #733

Since CINNI wallet problems, we have been unable to send , so I have not been able to convert CINNI become Stakecoin, now what way? I would like to participate in the Stakecoin!

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October 13, 2015, 04:17:27 PM
 #734

Since CINNI wallet problems, we have been unable to send , so I have not been able to convert CINNI become Stakecoin, now what way? I would like to participate in the Stakecoin!
I 've never seen you in this topic. For me no problem to help Cinni owners and get listed then on Cripsy but I'm not a big holder of STK.
This coin is barely supported by a "community" and the short convert period and problems with the Cinnicoin wallet were not a good start.
Technical STK is one of the best coins I know, it runs on a few nodes, but there is no real market and zero volume.

What about your signature: https://bitcointalk.org/index.php?topic=81836
CinniCoin
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October 15, 2015, 02:09:09 PM
 #735

Please update your stakecoin wallets to stakecoin v1.1
Changes are:
Pos reward is 0.5 STK per block after 11/15/2015 @ 12:00am (UTC).

Please update your wallet before 11/15/2015 @ 12:00am (UTC).

Windows wallet and source are available in the first post of this thread.(The ANN)

If you are updating before 11/15/2015 @ 12:00am (UTC), here are the steps to update:

1.) Download new wallet.

2.) Close old wallet.(you can also delete the old wallet after you close it so you don't click it by mistake later. make sure to have it closed before you delete it though)

3.) Run new wallet.
crypto4jan
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October 15, 2015, 02:39:36 PM
 #736


build date?

CinniCoin
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October 15, 2015, 09:28:06 PM
 #737


build date?
When I compile a Linux wallet with QT it shows the build date, but when compiling a Windows wallet using MXE it always doesn't show the build date for some reason.
crypto4jan
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October 16, 2015, 05:08:41 AM
 #738


When I compile a Linux wallet with QT it shows the build date, but when compiling a Windows wallet using MXE it always doesn't show the build date for some reason.
Ok no problem, I' ve wallets running now with the new client.
lets see if we can get more network support with the new reward system.

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October 18, 2015, 12:51:22 PM
 #739

CINNI is listed at Cryptsy.
People still remember it as CINNI, the cool innovative project launched in 2014.
I have questions:

1. Why do you convert it to STK which is not listed at famous exchanges? How will people trade it?
2. Why just not to contact Cryptsy (mullick) and fix CINNI? Or start a new blockchain if needed, or replace it with STK, but trade it at Cryptsy under CINNI label which people remember?
3. Estimated altcoin inflation or total supply over the next 10 years?

Thank you.

Altcoin Historical Data (2014, 2015, 2016, 2017) alt19.com
Use BitcoinWisdom? Try AltcoinMagic!
crypto4jan
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October 19, 2015, 04:04:33 AM
 #740

Network is very weak, only 4 nodes!
https://chainz.cryptoid.info/stk/#!network

edit: now 7 nodes with 3 client version 1.1 (have an extra PC now with wallet running)
What if people are not running v1.1 after the fork date?



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