[ANN] [CV2] ColossusCoin2.0 | Yobit.net | NovaExchange - Swap to COLX is closed

[kprell40]

To colossuscoin

   Thank you for the reply,

 I thought that the seven day maturity applied but I wasn't sure, now I gotta come up with a better game plan for my wallet on stacking 


kprell40

[1714894127]

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[1714894127]

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[1714894127]

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[junbi39]

Hello , all

   I have a question

    When each block stacks, does each block have to go through the maturity of 7 days again?
    I know some wallet does,  that but don't  know if this coin does this...

 kprell40

Hello kprell40, yes, that is correct.

Colossuscoin2's proof-of-stake system combines randomization with the concept of "coin age," a number derived from the product of the number of coins times
the number of days the coins have been held.
Coins that have been unspent for at least 7 days begin competing for the next block.
Older and larger sets of coins have a greater probability of signing the next block. However, once a stake of coins has been used to sign a block,
they must start over with zero "coin age" and thus wait at least 7 more days before signing another block. Also, the probability of finding the next block
reaches a maximum after 28 days in order to prevent very old or very large collections of stakes from dominating the blockchain.
This process secures the network and gradually produces new coins over time without consuming significant computational power.



Coinage is measured by the amount of Coins times the number of days they have been stationary in your wallet.
After one Week of being stationary in your wallet, Coins will be eligible to "Stake" and will compete on the network to prove ownership.
Once you have some Blocks of Coins that are above the minimum age, the little green arrow will light up in your wallet.
Coinage accumulates automatically, you do not need to have your Colossuscoin2 wallet running but once your Coins are past the minimum age of one Week,
they will only Stake once your wallet is open, online and connected to the network. All fees are paid to Stakers which increases the Proof of Stake Block rewards.

At a minimum age of 7 days people can receive a a static block reward of 5000 Coins per Stake and as time goes on it increases the active Coins Staking on the network.
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 5000 Coins per Block at 2 minute Block times.
Average Block to Stake currently is between 50,000 - 100,000, 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 maximum of 28 days when Coinage stops growing.
Coinage is calculated as the number of Coins * the amount of days past.

Hi,dev,I think we should be on bleutrade,Cryptopia

[kprell40]

  yes, that is a good idea  should be on bleutrade,Cryptopia 

[kprell40]

  Hello all


    Go and vote on cryptopia  it on the list now

      https://www.cryptopia.co.nz/Home/Voting




 

[Th82]

  Hello all


    Go and vote on cryptopia  it on the list now

      https://www.cryptopia.co.nz/Home/Voting




 

That's Nice!! Voted


Please vote for ColossusCoin2 on https://www.cryptopia.co.nz/Home/Voting

Voting Information
The Cryptopia vote list is a place for the community to vote for the coins they want to be added to Cryptopia

On the 1st of each month the coin with the most 'User Votes' will be added to the Exchange, BlockExplorer, Mineshaft and MarketPlace
Each registered user receives 1 vote for each coin each day. (Trusted users votes are multiplied by thier trust rating)

DOT voting: Any coin that reaches 5 million 'Dot Votes' will be added to Cryptopia immediately

🚀Colossuscoin2.0 - the highly energy-efficient Coin of the World Wide Web

[Th82]

Explorer up and running!! http://www.presstab.pw/phpexplorer/CV2/

Short cut will be cv2.presstab.pw once DNS propagates.

Nice block explorer, everything went well
I have paid the activation/installation fee and for 6 months of service from the fundraising.
https://blockchain.info/de/address/1CAizyMn6vq5SFmcmHBhEkYW3FA9hY8Bsn
I think its a service worth keeping for the long run, hence I propose a donation address for the renewal of this service when the time comes (every 6 months).

Anyone who finds this Block Explorer worthwhile and useful, please donate to the following BTC address 178bGnZdrihhWcSREyBEcPunPLidXnPWsP
I'll make sure the service remains available for ColossusCoin2.

many thanks to Presstab

[wildduck]

Nice looking blockexplorer.

[junbi39]

Voted for colossus2 at cryptopia.The Wallet working and looking very good,cant wait to get my first stake.I just bought some more Colossus 2
Less than 1-2 days until my coins start to stake.Thanks for the cheap Colossus 2

[sudo23]

Nice looking blockexplorer.

Yeah really awesome block explorer!

Voted for colossus2 at cryptopia.The Wallet working and looking very good,cant wait to get my first stake.I just bought some more Colossus 2
Less than 1-2 days until my coins start to stake.Thanks for the cheap Colossus 2

Great!!  I also voted on https://www.cryptopia.co.nz/Home/Voting




Please vote for Colossuscoin2 on https://www.cryptopia.co.nz/Home/Voting

It's free to vote and you can vote once per day

If you believe Colossuscoin2 needs to be added to the exchange immediately,
please DOT vote: Any coin that reaches 5 million 'Dot Votes' will be added to Cryptopia immediately.

If you think ColossusCoin2 needs to be added to Stakeminers, please contact https://stakeminers.com/contact.php support@stakeminers.com

https://stakeminers.com Stakeminers is an altcoin Proof of Stake mining pool

How it works
https://stakeminers.com/how.php

[Th82]

Nice looking blockexplorer.

Yeah really awesome block explorer!

Voted for colossus2 at cryptopia.The Wallet working and looking very good,cant wait to get my first stake.I just bought some more Colossus 2
Less than 1-2 days until my coins start to stake.Thanks for the cheap Colossus 2

Great!!  I also voted on https://www.cryptopia.co.nz/Home/Voting




Please vote for Colossuscoin2 on https://www.cryptopia.co.nz/Home/Voting

It's free to vote and you can vote once per day

If you believe Colossuscoin2 needs to be added to the exchange immediately,
please DOT vote: Any coin that reaches 5 million 'Dot Votes' will be added to Cryptopia immediately.

If you think ColossusCoin2 needs to be added to Stakeminers, please contact https://stakeminers.com Stakeminers is an altcoin Proof of Stake mining pool

How it works
https://stakeminers.com/how.php

NICE! That sounds like a good idea to be added to Stakeminers.


"blocks" : 205668,
"difficulty" : {
"proof-of-work" : 1.48828178,
"proof-of-stake" : 476.06367583,
"netstakeweight" : 15735155393.85932732,




You can see the PoS Network difficulty here http://www.presstab.pw/phpexplorer/CV2/charts.php?type=posdifficulty&startheight=1&endheight=205670

It's interesting to be able to look at what's going on visually.




POS Network difficulty has been continuously rising.

[AltCoinEnthusiast]

I am getting a few orphans from my coins that are minting.

Should I eliminate orphans in my Colossuscoin2 qt?

[AltCoinEnthusiast]

Just one more question:

I would like to make the most out of staking.

Does it matter if you have coins are spread out over a few addresses
rather than having them all in one address?

[drays]

Just one more question:

I would like to make the most out of staking.

Does it matter if you have coins are spread out over a few addresses
rather than having them all in one address?

It shouldn't affect staking in any way. Only input size (coin block size) matters. Make sure you have them in 50,000 coin blocks or bigger. On my experience, block sizes around 70,000-80,000 work best. As far as I can see, as soon as those blocks stake and reach 110,000 CV2, they automatically split into two 55,000 coin blocks.

[colossuscoin]

I am getting a few orphans from my coins that are minting.

Should I eliminate orphans in my Colossuscoin2 qt?

Orphans do not really mind as long as you get a few blocks once in a while and getting an occasional orphan in minting is normal. Your weight stay the same after an orphan meaning the chances are good that you will get a block soon after the orphan, so your coin-age from the coin group selected for minting isn't lost when a stake fails.  It keeps trying again until it is successful.

Try the latest release, this is the official Colossuscoin2 version 1.2.0 release in the OP. Version 1.2.0  includes a change to the hashsettings which should reduce the amount of orphans, you can also clear orphans in your wallet by using the repairwallet command.



You can remove the orphans from the Menu, Tools -> repair wallet.



You should also have your computer sync to internet time, you can do this by right clicking on your computer time in the right hand corner, click on "Adjust date/time" and click on the "internet time" tab and click the option so sync to internet time.

[Th82]

Just one more question:

I would like to make the most out of staking.

Does it matter if you have coins are spread out over a few addresses
rather than having them all in one address?

It shouldn't affect the staking in any way. Only input size (coin block size) matters. Make sure you have them in 50,000 coin blocks or bigger. On my experience, block sizes around 70,000-80,000 work best. As far as I can see, as soon as those blocks stake and reach 110,000 CV2, they automatically split into two 55,000 coin blocks.

You don't need to split them all into different addresses. All Blocks of Coins in the same address are combine into one Block when they stake and if they are in different addresses or wallets then they wouldn't combine into larger Blocks. Here is an example:
https://www.blockexperts.com/cv2/height/206426  
http://www.presstab.pw/phpexplorer/CV2/tx.php?tx=0710b56c0c4b90a1141a764b91110ecd89fa5009b413bb06c217acc9423ad0f0

It is preferable to have all of your coins in the same address, moved there in the same transaction.  That allows all your coins to stake as a single unit, so it will happen more frequently.  Each individual "unspent output" stakes by itself. You will gain a very small increase in staking gains due to compound interest this way.

For privacy reasons, some people may prefer to keep coins in different addresses.


Regards
Tom

🚀 Colossuscoin2.0 - the highly energy-efficient Coin of the World Wide Web

[sudo23]

Nice looking blockexplorer.

Yeah really awesome block explorer!

Voted for colossus2 at cryptopia.The Wallet working and looking very good,cant wait to get my first stake.I just bought some more Colossus 2
Less than 1-2 days until my coins start to stake.Thanks for the cheap Colossus 2

Great!!  I also voted on https://www.cryptopia.co.nz/Home/Voting


Please vote for Colossuscoin2 on https://www.cryptopia.co.nz/Home/Voting

It's free to vote and you can vote once per day

If you believe Colossuscoin2 needs to be added to the exchange immediately,
please DOT vote: Any coin that reaches 5 million 'Dot Votes' will be added to Cryptopia immediately.

If you think ColossusCoin2 needs to be added to Stakeminers, please contact https://stakeminers.com/contact.php support@stakeminers.com

https://stakeminers.com Stakeminers is an altcoin Proof of Stake mining pool

How it works
https://stakeminers.com/how.php

Colossuscoin2 now rank  #28 on https://www.cryptopia.co.nz/Home/Voting



Keep voting!

If you think ColossusCoin2 needs to be added to Poloniex, please send a coin request to Poloniex
https://poloniex.com/coinRequest

[drays]

It is preferable to have all of your coins in the same address, moved there in the same transaction.  That allows all your coins to stake as a single unit, so it will happen more frequently.

Maybe I misunderstand something, but I do not agree. If you have all coins moved to your wallet in the same transaction, then you will have just one "input" (coin block), and will stake just once per 7 days in the best case. So you will have just 5000 coins per week in this case.

I have multiple inputs in sizes between 50000 and 105000, and I stake 5000 coins few times per day - in average more than 7 times per week, making it more than 35000 per week. So at least in case of CV2 this approach (having multiple inputs of average size) is preferable.

[Th82]

It is preferable to have all of your coins in the same address, moved there in the same transaction.  That allows all your coins to stake as a single unit, so it will happen more frequently.

Maybe I misunderstand something, but I do not agree. If you have all coins moved to your wallet in the same transaction, then you will have just one "input" (coin block), and will stake just once per 7 days in the best case. So you will have just 5000 coins per week in this case.

I have multiple inputs in sizes between 5000 and 105000, and I stake 5000 coins few times per day - in average more than 7 times per week, making it more than 35000 per week. So at least in case of CV2 this approach (having multiple inputs of average size) is preferable.

On this, I completely agree with you. It could be I have not expressed myself clearly:  I forgot to mention following:

"It is preferable to have all of your coins in the same address, moved there in the same transaction using the "Block Splitter" feature (Coin Control Features > Inputs ... > SplitBlock) .  That allows all your coins to stake as a single unit, so it will happen more frequently."

For example, see transaction ID: f7c3c466242cc0d0072e66f99d6e76214fc9e3f144000d27a887092801172cd2  (One Input and 7 Outputs of 100,003.33 CV2)



http://www.presstab.pw/phpexplorer/CV2/tx.php?tx=f7c3c466242cc0d0072e66f99d6e76214fc9e3f144000d27a887092801172cd2

Regards
Tom

[Th82]

A block of 600,020.0 CV2 will give you - at best - 5000 CV2 once per 7 days. If you split it into 6 parts of about 100,000 in one simple transaction (Block Splitter), they will give you 5000 CV2 each. Mature blocks are competing with other mature blocks to successfully stake. Blocks with the highest stake weight have the highest chances of staking, depending on block size, the time connected to the network attempting to stake, and the network stake weight.

For sure, you can also send 6 transactions of 100,000 CV2 to the same Colossuscoin2 Wallet Address in a row.
When the weight of your block is big enough to overcome the difficulty, i.e., your block was lucky to be hashed with a successful result, a special automatic "coinstake"
transaction to yourself is made which gives you the fixed block reward.
As a result your average return will be much more bigger. You can continue splitting until you get a comfortable block size which can stake in a reasonable time.


Block Splitter: No need to use mutliple transaction to split a coin block of 850,000 CV2 into 10 coin blocks of 85,000 CV2. Split your coin block in one simple transaction.
See this quick tutorial video for an overview https://youtu.be/0NkyUCyuHqw


Tom


🚀 Colossuscoin2.0 - the highly energy-efficient Coin of the World Wide Web

[kprell40]

 Yes , split it into  parts,  I have 50 blocks at 85000  and a weight of 13219285 . still waiting for my first stake I think should come soon .