[ANN][CON] PayCon™ HI POS | LiteStake | Multisend | TOR | Android

[Crestington]

Yeah, hit a Primelet and a few Yanglets

Nice!

I think it's about time to release the Krakken.

[cryptojumper]

I installed a desktop paycon wallet on a windows pc and gonna keep it running almost 24h at work
Everything went smooth, no stupid checkpoint errors, a lot better than paycoin.
Just wanted to ask how this staking works - will I lose much due to reboots or some offline time? How important is to be online 24/7 staking?

[cryptojumper]

And another question - are there any faucets or giveaways? I bought some on the exchange, but don't want to invest much..

[Crestington]

I installed a desktop paycon wallet on a windows pc and gonna keep it running almost 24h at work
Everything went smooth, no stupid checkpoint errors, a lot better than paycoin.
Just wanted to ask how this staking works - will I lose much due to reboots or some offline time? How important is to be online 24/7 staking?

Staking is important because it provides consensus and security for the network, the more people Staking on the network the stronger it is. The Staking is fairly straightforward, all Proof of stake Blocks reward 30 Coins per Block so at 1 minute Block times that is approximately 43,200 coins a day or currently 0.78% per day (and this reduces over time as the supply grows). Average Block to Stake currently is between 500-1000, this is the amount of Coins in one transaction sent to an address in your wallet. Lower amounts would take longer to Stake with a minimum of 2 days and a maximum of 14 days when Coinage stops growing. Coinage is calculated as the number of Coins * the amount of days past.

If you have some time offline then that's ok but it's better to Stake, there can never be 100% Stake activity so you tend to always receive slightly more % growth than the money supply but if not Staking you lose slightly compared to the money supply. Staking is all Automatic, you can even change how your Blocks split when they Stake using the RPC console located in "help", then "debug window"

In the RPC console you can type "setstakesplitthreshold" followed by the minimum amount you would want your blocks to split, if you set it at 600 then you could Stake multiple smaller Blocks in a single Stake (in the same address) until over 600 or if larger than 1200, it would split your Stake into two Blocks.

We are currently running a Staking promotion giveaway where a large portion of Blocks have extra Coins added to them, if you know of a good faucet or two then be sure to ask them to add PayCon and we can setup some funding.

I think it's still pretty inexpensive to grab some Coins if you want to just buy a bit, total maketcap is somewhere around 7-10k.

[Crestington]

April 16, 2015

PayCon Stake week is just a warm-up for the big event, coming soonTM

[cryptojumper]

I installed a desktop paycon wallet on a windows pc and gonna keep it running almost 24h at work
Everything went smooth, no stupid checkpoint errors, a lot better than paycoin.
Just wanted to ask how this staking works - will I lose much due to reboots or some offline time? How important is to be online 24/7 staking?

Staking is important because it provides consensus and security for the network, the more people Staking on the network the stronger it is. The Staking is fairly straightforward, all Proof of stake Blocks reward 30 Coins per Block so at 1 minute Block times that is approximately 43,200 coins a day or currently 0.78% per day (and this reduces over time as the supply grows). Average Block to Stake currently is between 500-1000, this is the amount of Coins in one transaction sent to an address in your wallet. Lower amounts would take longer to Stake with a minimum of 2 days and a maximum of 14 days when Coinage stops growing. Coinage is calculated as the number of Coins * the amount of days past.

If you have some time offline then that's ok but it's better to Stake, there can never be 100% Stake activity so you tend to always receive slightly more % growth than the money supply but if not Staking you lose slightly compared to the money supply. Staking is all Automatic, you can even change how your Blocks split when they Stake using the RPC console located in "help", then "debug window"

In the RPC console you can type "setstakesplitthreshold" followed by the minimum amount you would want your blocks to split, if you set it at 600 then you could Stake multiple smaller Blocks in a single Stake (in the same address) until over 600 or if larger than 1200, it would split your Stake into two Blocks.

We are currently running a Staking promotion giveaway where a large portion of Blocks have extra Coins added to them, if you know of a good faucet or two then be sure to ask them to add PayCon and we can setup some funding.

I think it's still pretty inexpensive to grab some Coins if you want to just buy a bit, total maketcap is somewhere around 7-10k.

Sorry it's maybe a stupid question, but I still don't understand how to stake better... So my pc is on 24/7, just having 1-2 reboots a day - will I lose something because of this interrupt (reboot)?
Does the amount of interrupts matter or it is just the whole amount of time staking that counts?
What setstakesplitthreshold should I set in my wallet for better stakes? Does it depends on how much coins I own? If so, what would be optimal setting for if I own 1000 coins? 10000 coins? and 100000 coins?
Thanks

[Crestington]

I installed a desktop paycon wallet on a windows pc and gonna keep it running almost 24h at work
Everything went smooth, no stupid checkpoint errors, a lot better than paycoin.
Just wanted to ask how this staking works - will I lose much due to reboots or some offline time? How important is to be online 24/7 staking?

Staking is important because it provides consensus and security for the network, the more people Staking on the network the stronger it is. The Staking is fairly straightforward, all Proof of stake Blocks reward 30 Coins per Block so at 1 minute Block times that is approximately 43,200 coins a day or currently 0.78% per day (and this reduces over time as the supply grows). Average Block to Stake currently is between 500-1000, this is the amount of Coins in one transaction sent to an address in your wallet. Lower amounts would take longer to Stake with a minimum of 2 days and a maximum of 14 days when Coinage stops growing. Coinage is calculated as the number of Coins * the amount of days past.

If you have some time offline then that's ok but it's better to Stake, there can never be 100% Stake activity so you tend to always receive slightly more % growth than the money supply but if not Staking you lose slightly compared to the money supply. Staking is all Automatic, you can even change how your Blocks split when they Stake using the RPC console located in "help", then "debug window"

In the RPC console you can type "setstakesplitthreshold" followed by the minimum amount you would want your blocks to split, if you set it at 600 then you could Stake multiple smaller Blocks in a single Stake (in the same address) until over 600 or if larger than 1200, it would split your Stake into two Blocks.

We are currently running a Staking promotion giveaway where a large portion of Blocks have extra Coins added to them, if you know of a good faucet or two then be sure to ask them to add PayCon and we can setup some funding.

I think it's still pretty inexpensive to grab some Coins if you want to just buy a bit, total maketcap is somewhere around 7-10k.

Sorry it's maybe a stupid question, but I still don't understand how to stake better... So my pc is on 24/7, just having 1-2 reboots a day - will I lose something because of this interrupt (reboot)?
Does the amount of interrupts matter or it is just the whole amount of time staking that counts?
What setstakesplitthreshold should I set in my wallet for better stakes? Does it depends on how much coins I own? If so, what would be optimal setting for if I own 1000 coins? 10000 coins? and 100000 coins?
Thanks

There are no stupid questions, everyone is here to learn. You wouldn't lose anything from reboots, your Coins gain Age continuously but can only Stake if connected and would Stake Blocks sooner by being online more often for higher rewards. The amount of interrupts doesn't matter, it is the whole Staking time that counts.

I would suggest doing a bit of testing with the split threshold but generally between 600-1000 would be good to get early Stakes, if you have more Blocks you have more chances to Stake but will take longer. It depends on the size of each Block or multiple Blocks in each address such as if you had 3 Blocks (transactions received) of 400 Coins. If your split threshold was set at 300, then one of the Blocks would eventually Stake and create a Block of 430 Coins, if the split threshold was set at 500 then 2 Blocks of 400 would combine when Staking into a Block of 830. If the Split threshold was set at 150, and a Block of 400 Coins Staked, then the 430 would split into two Blocks of 215 Coins each.

[rahmad2nd]

i'm late...
How long to mature coin ??

When extra POS will end ??

[rahmad2nd]

if someone sell for under 500 sat please call me, i waiting now on C-CEX...
I hope someone sell to me 444 sat maybe 

[flyingplows]

What about that huge announcement you are planning? Amazon accepting PayCon at 20$ Soon^tm?
Jokes aside, do you guys have a plan how to survive post paycoin phase? I mean when Homero is jailed, Paycoin worth 1 doge etc?

[5ick3uffalo]

i'm late...
How long to mature coin ??

When extra POS will end ??

2 days for a coin to mature. Sunday April 19th "Paycon Staking Week" ends.

[5ick3uffalo]

Jokes aside, do you guys have a plan how to survive post paycoin phase? I mean when Homero is jailed, Paycoin worth 1 doge etc?

Don`t know and don´t care because i only own 2 PayCoins

1 digital PayCoin and 1 physical PayCoin - last one i´m sure it will survive (if i´m not losing it)!

[dcgirl]

Sorry it's maybe a stupid question, but I still don't understand how to stake better... So my pc is on 24/7, just having 1-2 reboots a day - will I lose something because of this interrupt (reboot)?
Does the amount of interrupts matter or it is just the whole amount of time staking that counts?
What setstakesplitthreshold should I set in my wallet for better stakes? Does it depends on how much coins I own? If so, what would be optimal setting for if I own 1000 coins? 10000 coins? and 100000 coins?
Thanks

I think the bar is set for larger wallets to stake more. I keep my wallet open 24/7 and usually only get 30 coins every two days, this week got 36 instead once. Pretty frustrating for a small holder, but it is what it is.

[flyingplows]

Jokes aside, do you guys have a plan how to survive post paycoin phase? I mean when Homero is jailed, Paycoin worth 1 doge etc?

Don`t know and don´t care because i only own 2 PayCoins

1 digital PayCoin and 1 physical PayCoin - last one i´m sure it will survive (if i´m not losing it)!

I was talking about survival of PayCon not PayCoin which is doomed to fail because of gaw scams and Homero reputation.
But when PayCoin is dead it might become hard for PayCon to attract new holders which now come to make fun of gaw and to mock their ceo

[rahmad2nd]

i'm late...
How long to mature coin ??

When extra POS will end ??

2 days for a coin to mature. Sunday April 19th "Paycon Staking Week" ends.

I'm late now..
If mature 2 day, i don't have extra POS  

Thanks for information

[Poly#Crypto]

Yeah, hit a Primelet and a few Yanglets

Congratulations

Now we are waiting for IMMORTALS   

[candlesticks]

http://blockexperts.com/con/height/144852

Who's the lucky winner of this massive stake?

[5ick3uffalo]

Jokes aside, do you guys have a plan how to survive post paycoin phase? I mean when Homero is jailed, Paycoin worth 1 doge etc?

Don`t know and don´t care because i only own 2 PayCoins

1 digital PayCoin and 1 physical PayCoin - last one i´m sure it will survive (if i´m not losing it)!

I was talking about survival of PayCon not PayCoin which is doomed to fail because of gaw scams and Homero reputation.
But when PayCoin is dead it might become hard for PayCon to attract new holders which now come to make fun of gaw and to mock their ceo

PayCon will survive, i not think PayCoins "death" -will it come or not - will affect PayCon in any way.

PayCon is not (only) to make fun of GAWd and all the Poopcoin mess.

PayCon just shows what can be done will little bit of btc and hard work and it´s very good for learning and understanding of Proof of Work (PoS)

[flyingplows]

Is it too late to get in btw? Or there will be more increased staking in future? And what about the price - should it be cheaper next week? Or should I buy now or there is no difference cause its incalculated already...
Anyone remember a price before increased staking? I know, I know- too lazy to research...

[5ick3uffalo]

Is it too late to get in btw? Or there will be more increased staking in future? And what about the price - should it be cheaper next week? Or should I buy now or there is no difference cause its incalculated already...
Anyone remember a price before increased staking? I know, I know- too lazy to research...

Never too late to get in. PayCon is a relativ young coin and it´s price and marketcap is still very low.

Look , if you buy now , lets say at 500 Sat and the prize is 400 Sat in some weeks (just examples) it won`t matter much because you have a lot more coins until then through staking.

And when it´s prize jumps up then you have more coins plus higher prize.

Coins with such features and development as PayCon normally tend to trade much higher, so it´s not a bad idea to buy now and start staking