[GP] GoldPieces - An expandable digital currency for online multiplayer gaming

[vegasguy]

Ok why did you cut the screen off that shows the amounts staked?

[SBear]

Ok why did you cut the screen off that shows the amounts staked?

I wonder the same thing.

[proletariat]

Ok why did you cut the screen off that shows the amounts staked?

I was just showing the rate vs inputs @ wich I'm staking - The average rewards for what you see on the screencap is 0.726889648 GP.

[HYPERfuture]

Ok why did you cut the screen off that shows the amounts staked?

I was just showing the rate vs inputs @ wich I'm staking - The average rewards for what you see on the screencap is 0.726889648 GP.

How big were your smaller inputs?

[proletariat]

Ok why did you cut the screen off that shows the amounts staked?

I was just showing the rate vs inputs @ wich I'm staking - The average rewards for what you see on the screencap is 0.726889648 GP.

How big were your smaller inputs?

smallest in that screencap was 0.00221415 - biggest was 1.43936716


EDIT: it goes up then down like in a sine wave pattern.

[HYPERfuture]

Ok why did you cut the screen off that shows the amounts staked?

I was just showing the rate vs inputs @ wich I'm staking - The average rewards for what you see on the screencap is 0.726889648 GP.

How big were your smaller inputs?

smallest in that screencap was 0.00221415 - biggest was 1.43936716

Sorry I mean the actual amounts of GP you had staking. Were they 20 GP or 100 GP or?

[proletariat]

Ok why did you cut the screen off that shows the amounts staked?

I was just showing the rate vs inputs @ wich I'm staking - The average rewards for what you see on the screencap is 0.726889648 GP.

How big were your smaller inputs?

smallest in that screencap was 0.00221415 - biggest was 1.43936716

Sorry I mean the actual amounts of GP you had staking. Were they 20 GP or 100 GP or?

oh my bad - didn't read right - I wasn't looking at how many coins were staking at a time. I haven't seen it below 1k I think but again I have not been paying attention to that

[inkha]

Any explanation for these two blocks?

Here is a block of 12,357.70419541 GP   Created   2.29544042 GP
https://chainz.cryptoid.info/gp/block.dws?13399.htm

A block of 102.05752687 GP Created   2.13115113 GP
https://chainz.cryptoid.info/gp/block.dws?13394.htm

Am I blind or .. whats wrong with them ?

same reward for 100x bigger amount

Inkha, any confirmation or explanation?

It may vary in speed and size of stakes but should all equal up to 500% (3.8m~) coins at the end of January in 2016

[Gladimor]

Hmm... Gold Pieces is also the official currency of the MMORPG RuneScape... this would make a great pair if someone were to set up a RSGoldPieces/GoldPieces store on PB or OSBot (RS gold market forums), and probably will get it quite a bit of attention

[Gladimor]

Been reading through this thread regarding staking... you guys have to consider the compounding rate of your coins. It'll be wayyy more than 500% increase in coins if this compounds daily. The formula for compounding interest is A=P(1+(i/N)^NY.

Variables P is present supply,i is interest/annum, N is the number of compounding periods, and Y is the duration of staking.

Do the math:
A = 750000(1+5/365)^365*1
A = 750000(1+0.0137)^365
A = 750000(143.53)
A = 107250000

That may seem like a crazy number... 107,250,000 coins after 1 year... but thats the magic of compounding-daily

Now lets see what happens if this coin compounds monthly:
A = 750000(1+5/12)^12*1
A = 750000(1+0.4167)^12
A = 750000(1.4167)^12
A = 750000^65.36
A = 49,020,000

49 MLN total coins after 1 year.

And what happens if this coin does not compound- just simple interest?

A = P(1+RT)
A = 750000(1+5*1)
A = 750000(6)
A = 4,500,000

4.5 MLN total coins after 1 year.



The compounding rate has a HUGE effect on how many coins exist after 1 year.

These numbers will always differ though, because not everyone stakes (exchange wallets dont stake from what I hear), and also due to the min/max stake age, the estimated supply after 1 year will almost always be less than the calculated amount. Unless the yearly increase of coins has been hard coded, percentage increases following compounding rates will always make calculating estimated supply difficult.

[HYPERfuture]

Been reading through this thread regarding staking... you guys have to consider the compounding rate of your coins. It'll be wayyy more than 500% increase in coins if this compounds daily. The formula for compounding interest is A=P(1+(i/N)^NY.

Variables P is present supply,i is interest/annum, N is the number of compounding periods, and Y is the duration of staking.

Do the math:
A = 750000(1+5/365)^365*1
A = 750000(1+0.0137)^365
A = 750000(143.53)
A = 107250000

That may seem like a crazy number... 107,250,000 coins after 1 year... but thats the magic of compounding-daily

Now lets see what happens if this coin compounds monthly:
A = 750000(1+5/12)^12*1
A = 750000(1+0.4167)^12
A = 750000(1.4167)^12
A = 750000^65.36
A = 49,020,000

49 MLN total coins after 1 year.

And what happens if this coin does not compound- just simple interest?

A = P(1+RT)
A = 750000(1+5*1)
A = 750000(6)
A = 4,500,000

4.5 MLN total coins after 1 year.


The compounding rate has a HUGE effect on how many coins exist after 1 year.

Yes but when 10 000 only stakes 2 per day I don't think that is 500% per annum interest. I think they need to be split into smaller inputs so they all stake at the right amount to get the max return That is what I am doing anyway I will let everyone here know if it works!

[Gladimor]

Been reading through this thread regarding staking... you guys have to consider the compounding rate of your coins. It'll be wayyy more than 500% increase in coins if this compounds daily. The formula for compounding interest is A=P(1+(i/N)^NY.

Variables P is present supply,i is interest/annum, N is the number of compounding periods, and Y is the duration of staking.

Do the math:
A = 750000(1+5/365)^365*1
A = 750000(1+0.0137)^365
A = 750000(143.53)
A = 107250000

That may seem like a crazy number... 107,250,000 coins after 1 year... but thats the magic of compounding-daily

Now lets see what happens if this coin compounds monthly:
A = 750000(1+5/12)^12*1
A = 750000(1+0.4167)^12
A = 750000(1.4167)^12
A = 750000^65.36
A = 49,020,000

49 MLN total coins after 1 year.

And what happens if this coin does not compound- just simple interest?

A = P(1+RT)
A = 750000(1+5*1)
A = 750000(6)
A = 4,500,000

4.5 MLN total coins after 1 year.


The compounding rate has a HUGE effect on how many coins exist after 1 year.

Yes but when 10 000 only stakes 2 per day I don't think that is 500% per annum interest. I think they need to be split into smaller inputs so they all stake at the right amount to get the max return That is what I am doing anyway I will let everyone here know if it works!

Aye that is a bit odd that 10k coins returns 2/day... but that should only be for probably the first couple of days when the coin is in the wallet, and as the coin "ages", the amount you get/day should increase. But you never know... this is crypto

[HYPERfuture]

Been reading through this thread regarding staking... you guys have to consider the compounding rate of your coins. It'll be wayyy more than 500% increase in coins if this compounds daily. The formula for compounding interest is A=P(1+(i/N)^NY.

Variables P is present supply,i is interest/annum, N is the number of compounding periods, and Y is the duration of staking.

Do the math:
A = 750000(1+5/365)^365*1
A = 750000(1+0.0137)^365
A = 750000(143.53)
A = 107250000

That may seem like a crazy number... 107,250,000 coins after 1 year... but thats the magic of compounding-daily

Now lets see what happens if this coin compounds monthly:
A = 750000(1+5/12)^12*1
A = 750000(1+0.4167)^12
A = 750000(1.4167)^12
A = 750000^65.36
A = 49,020,000

49 MLN total coins after 1 year.

And what happens if this coin does not compound- just simple interest?

A = P(1+RT)
A = 750000(1+5*1)
A = 750000(6)
A = 4,500,000

4.5 MLN total coins after 1 year.


The compounding rate has a HUGE effect on how many coins exist after 1 year.

Yes but when 10 000 only stakes 2 per day I don't think that is 500% per annum interest. I think they need to be split into smaller inputs so they all stake at the right amount to get the max return That is what I am doing anyway I will let everyone here know if it works!

Aye that is a bit odd that 10k coins returns 2/day... but that should only be for probably the first couple of days when the coin is in the wallet, and as the coin "ages", the amount you get/day should increase. But you never know... this is crypto

But age is reset everytime the coin stakes I'm staking in 100 GP lots. I think this coin is great I am trying to find the optimal staking for the community.

[proletariat]

Been reading through this thread regarding staking... you guys have to consider the compounding rate of your coins. It'll be wayyy more than 500% increase in coins if this compounds daily. The formula for compounding interest is A=P(1+(i/N)^NY.

Variables P is present supply,i is interest/annum, N is the number of compounding periods, and Y is the duration of staking.

Do the math:
A = 750000(1+5/365)^365*1
A = 750000(1+0.0137)^365
A = 750000(143.53)
A = 107250000

That may seem like a crazy number... 107,250,000 coins after 1 year... but thats the magic of compounding-daily

Now lets see what happens if this coin compounds monthly:
A = 750000(1+5/12)^12*1
A = 750000(1+0.4167)^12
A = 750000(1.4167)^12
A = 750000^65.36
A = 49,020,000

49 MLN total coins after 1 year.

And what happens if this coin does not compound- just simple interest?

A = P(1+RT)
A = 750000(1+5*1)
A = 750000(6)
A = 4,500,000

4.5 MLN total coins after 1 year.


The compounding rate has a HUGE effect on how many coins exist after 1 year.

Yes but when 10 000 only stakes 2 per day I don't think that is 500% per annum interest. I think they need to be split into smaller inputs so they all stake at the right amount to get the max return That is what I am doing anyway I will let everyone here know if it works!

Aye that is a bit odd that 10k coins returns 2/day... but that should only be for probably the first couple of days when the coin is in the wallet, and as the coin "ages", the amount you get/day should increase. But you never know... this is crypto

But age is reset everytime the coin stakes I'm staking in 100 GP lots. I think this coin is great I am trying to find the optimal staking for the community.

mine were 500 inputs initially, after the first stake they were split in two 250+ stake inputs and now on the third stake they are 125. You can actually see them on the  explorer. Most of those 250.x 251.x etc are mine.

[Gladimor]

Ah, didn't realize that age resetted per stake. I usually stake with 1 big lumpsum of coins, usually has great results

[TimC]

Ah, didn't realize that age resetted per stake. I usually stake with 1 big lumpsum of coins, usually has great results

It may start out as one big lump sum of coins but each time it stakes the lump get split. It you keep you wallet open 24/7 they will keep splitting with each stake. It does that to level out the stake between all of the coins and wallets so the blocks flow more even. If you spend time and split up your coins into may small groups and only open you wallet once a week all those small groups will lump into one stake.

[candlesticks]

Been reading through this thread regarding staking... you guys have to consider the compounding rate of your coins. It'll be wayyy more than 500% increase in coins if this compounds daily. The formula for compounding interest is A=P(1+(i/N)^NY.

Variables P is present supply,i is interest/annum, N is the number of compounding periods, and Y is the duration of staking.

Do the math:
A = 750000(1+5/365)^365*1
A = 750000(1+0.0137)^365
A = 750000(143.53)
A = 107250000

That may seem like a crazy number... 107,250,000 coins after 1 year... but thats the magic of compounding-daily

Now lets see what happens if this coin compounds monthly:
A = 750000(1+5/12)^12*1
A = 750000(1+0.4167)^12
A = 750000(1.4167)^12
A = 750000^65.36
A = 49,020,000

49 MLN total coins after 1 year.

And what happens if this coin does not compound- just simple interest?

A = P(1+RT)
A = 750000(1+5*1)
A = 750000(6)
A = 4,500,000

4.5 MLN total coins after 1 year.



The compounding rate has a HUGE effect on how many coins exist after 1 year.

These numbers will always differ though, because not everyone stakes (exchange wallets dont stake from what I hear), and also due to the min/max stake age, the estimated supply after 1 year will almost always be less than the calculated amount. Unless the yearly increase of coins has been hard coded, percentage increases following compounding rates will always make calculating estimated supply difficult.

This still doesn't explain the to blocks that I used as an example. There should be consistency with the staking percentages, and there is not. I just picked two blocks with convenient numbers for my example, containing only two transactions each. Here's two more.

a block of 500 yields 0.12922936 GP     https://chainz.cryptoid.info/gp/block.dws?14054.htm

a block of 10 yields 0.15853168 GP     https://chainz.cryptoid.info/gp/block.dws?14041.htm

The coin isn't old enough, for the block of 10 to have the age to exceed the yield of the block of 500.This doesn't happen with other PoS coins. I'm just looking for an explanation, an actual mathematic equation, so I can stop thinking about it. Pretending everything is fine, doesn't make everything fine. These discrepancies are so very obvious......







  

[NSCrypto]

Been reading through this thread regarding staking... you guys have to consider the compounding rate of your coins. It'll be wayyy more than 500% increase in coins if this compounds daily. The formula for compounding interest is A=P(1+(i/N)^NY.

Variables P is present supply,i is interest/annum, N is the number of compounding periods, and Y is the duration of staking.

Do the math:
A = 750000(1+5/365)^365*1
A = 750000(1+0.0137)^365
A = 750000(143.53)
A = 107250000

That may seem like a crazy number... 107,250,000 coins after 1 year... but thats the magic of compounding-daily

Now lets see what happens if this coin compounds monthly:
A = 750000(1+5/12)^12*1
A = 750000(1+0.4167)^12
A = 750000(1.4167)^12
A = 750000^65.36
A = 49,020,000

49 MLN total coins after 1 year.

And what happens if this coin does not compound- just simple interest?

A = P(1+RT)
A = 750000(1+5*1)
A = 750000(6)
A = 4,500,000

4.5 MLN total coins after 1 year.



The compounding rate has a HUGE effect on how many coins exist after 1 year.

These numbers will always differ though, because not everyone stakes (exchange wallets dont stake from what I hear), and also due to the min/max stake age, the estimated supply after 1 year will almost always be less than the calculated amount. Unless the yearly increase of coins has been hard coded, percentage increases following compounding rates will always make calculating estimated supply difficult.

This still doesn't explain the to blocks that I used as an example. There should be constancy with the staking percentages, and there is not. I just picked two blocks with convenient numbers for my example, containing only two transactions each. Here's two more.

a block of 500 yields 0.12922936 GP     https://chainz.cryptoid.info/gp/block.dws?14054.htm

a block of 10 yields 0.15853168 GP     https://chainz.cryptoid.info/gp/block.dws?14041.htm

The coin isn't old enough, for the block of 10 to have the age to exceed the yield of the block of 500.This doesn't happen with other PoS coins. I'm just looking for an explanation, an actual mathematic equation, so I can stop thinking about it. Pretending everything is fine, doesn't make everything fine. These discrepancies are so very obvious......

   

It all in the code, I sure u know how to search for words in text editor. CTRL-F or CMD-F works nicely

Here is a hint:

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees)
{
    int64_t nRewardCoinYear;

    nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;

    int64_t nSubsidy = nCoinAge * nRewardCoinYear / 365 / COIN;


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

    return nSubsidy + nFees;
}

[CryptoHobo]

Been reading through this thread regarding staking... you guys have to consider the compounding rate of your coins. It'll be wayyy more than 500% increase in coins if this compounds daily. The formula for compounding interest is A=P(1+(i/N)^NY.

Variables P is present supply,i is interest/annum, N is the number of compounding periods, and Y is the duration of staking.

Do the math:
A = 750000(1+5/365)^365*1
A = 750000(1+0.0137)^365
A = 750000(143.53)
A = 107250000

That may seem like a crazy number... 107,250,000 coins after 1 year... but thats the magic of compounding-daily

Now lets see what happens if this coin compounds monthly:
A = 750000(1+5/12)^12*1
A = 750000(1+0.4167)^12
A = 750000(1.4167)^12
A = 750000^65.36
A = 49,020,000

49 MLN total coins after 1 year.

And what happens if this coin does not compound- just simple interest?

A = P(1+RT)
A = 750000(1+5*1)
A = 750000(6)
A = 4,500,000

4.5 MLN total coins after 1 year.



The compounding rate has a HUGE effect on how many coins exist after 1 year.

These numbers will always differ though, because not everyone stakes (exchange wallets dont stake from what I hear), and also due to the min/max stake age, the estimated supply after 1 year will almost always be less than the calculated amount. Unless the yearly increase of coins has been hard coded, percentage increases following compounding rates will always make calculating estimated supply difficult.

yes with compound you will get way more than 500% but only if you actually get 500% pa stake rate which it appears not to be
from the code its :
age*stakeweight/365/numcoins
thanks for posting a snip of the source what's the value for the constant MAX_MINT_PROOF_OF_STAKE?

sorry if this seems dumb but it still doesnt make sense how 102 coins in 32 hours produce the same as 12400 in 26 hours

put it this way if you opened 2 bank accounts at 5% apr deposited $100 in one and $12000 in the second would you expect them to pay the same amount of $ interest in each account each month?
no

[CryptoHobo]

Code:

// miner's coin stake reward based on coin age spent (coin-days)
int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees)
{
    int64_t nRewardCoinYear;

    nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;

    int64_t nSubsidy = nCoinAge * nRewardCoinYear / 365 / COIN;


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

    return nSubsidy + nFees;
}

wait a second the last part of that equation. Is that dividing the reward by the amount of coins your staking? if so wouldn't that mean more coins = less reward?