drays
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March 25, 2015, 10:58:13 AM |
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I am new to Staking ... exactly what and why is there a benefit to moving coins from one pc wallet to another and back ... if any? Re-Setting the staking age? Increasing the weight?
I want to understand the concept and if there is a benefit ... to of course capitalize on it.
The stake that you receive is the result of a formula that take into account the length that the coins have been in an address in your wallet (age) and the number those coins. The more the coins and the bigger the age and the bigger the chunks, the bigger and quicker the results. However, total stake for the year must more or less equal to the % in the design. However, as coin age grows bigger the coins staking splits up and at some point can become 0. Whether you move coins around depends on the minimum stake age, in other words the amount of time coins have to be in an address in your wallet without moving before it becomes eligible for staking. If the min stake age is long like 24 hours it would be silly to move your coins around because then you have to wait another 24 hours before your coins mature. If stake age is short like 1 hour, then you can move around because you only have to wait 1 hour before the coins mature again. Some say that moving coins once a day is optimal and you lose just one hour in the day. If you move your coins back in one large chunk, your next stake will probably be a large one. If you have many small amounts, you will have many small stakes but if you add both up, it seems that they will average out over time. There is an exception where if your coins reach max coin age where they lose their eligibility for staking. Then you have to move them if you want to continue staking. One actually have to take 1 real time year (100 crypto years ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ) and do empirical testing to see how the two strategies compare over a full year to make a proper conclusion. Depending on your objectives you can create your own optimal staking strategy. Great explanation, JC ! Thanks! I did not know the coin can just stop staking because it is too old... I was thinking after max maturity time the it (the maturity) will just reset to zero, and coin will start gaining maturity again... Just for me to understand better: you tell "However, as coin age grows bigger the coins staking splits up and at some point can become 0.". This "some point" is the "MAX Stake Age"? Is this "staking slowdown with coin age" gradual, or the coin stakes always at same rate, but then stake rate jump to zero when it reaches "max stake age" ?
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... this space is not for rent ...
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jc12345
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Activity: 1638
Merit: 1013
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March 25, 2015, 12:49:25 PM |
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I am new to Staking ... exactly what and why is there a benefit to moving coins from one pc wallet to another and back ... if any? Re-Setting the staking age? Increasing the weight?
I want to understand the concept and if there is a benefit ... to of course capitalize on it.
The stake that you receive is the result of a formula that take into account the length that the coins have been in an address in your wallet (age) and the number those coins. The more the coins and the bigger the age and the bigger the chunks, the bigger and quicker the results. However, total stake for the year must more or less equal to the % in the design. However, as coin age grows bigger the coins staking splits up and at some point can become 0. Whether you move coins around depends on the minimum stake age, in other words the amount of time coins have to be in an address in your wallet without moving before it becomes eligible for staking. If the min stake age is long like 24 hours it would be silly to move your coins around because then you have to wait another 24 hours before your coins mature. If stake age is short like 1 hour, then you can move around because you only have to wait 1 hour before the coins mature again. Some say that moving coins once a day is optimal and you lose just one hour in the day. If you move your coins back in one large chunk, your next stake will probably be a large one. If you have many small amounts, you will have many small stakes but if you add both up, it seems that they will average out over time. There is an exception where if your coins reach max coin age where they lose their eligibility for staking. Then you have to move them if you want to continue staking. One actually have to take 1 real time year (100 crypto years ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) ) and do empirical testing to see how the two strategies compare over a full year to make a proper conclusion. Depending on your objectives you can create your own optimal staking strategy. Great explanation, JC ! Thanks! I did not know the coin can just stop staking because it is too old... I was thinking after max maturity time the it (the maturity) will just reset to zero, and coin will start gaining maturity again... Just for me to understand better: you tell "However, as coin age grows bigger the coins staking splits up and at some point can become 0.". This "some point" is the "MAX Stake Age"? Is this "staking slowdown with coin age" gradual, or the coin stakes always at same rate, but then stake rate jump to zero when it reaches "max stake age" ? If the coin age and block time is properly matched you might get to max age without 0 stakes. In the case of some of the recent high staking % coins with no coin control and where the blocks were super fast reached the point of 0 stakes very quickly. In some cases that point was reached in only a few days where the max coin age was 4 times that much. I don't know exactly how to explain it and perhaps someone else can correct me and explain it better, but if you take a piece of paper and cut it in half and cut that half in half an that half in half etc., there will be a point where the piece of paper is too small to be cut and the size of that piece will be negligible and virtually 0. If you then take all the tiny pieces of paper and give it to someone else in exchange for a new whole piece of paper then you can start cutting again. The question is at which point is it optimal to exchange your tiny pieces of paper for a new whole piece, taking into account that when you do the exchange, you have to wait one hour before you can start cutting again and in other cases you have to wait 24 hours.
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HegelianCattalactics
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March 25, 2015, 05:34:04 PM |
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And Weight in the wallet ... ?
Ways of making that better?
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jc12345
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Activity: 1638
Merit: 1013
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March 25, 2015, 06:13:26 PM |
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And Weight in the wallet ... ?
Ways of making that better?
Buy more coins on the exchange and withdraw them to your wallet.
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foxtrot_the_fud
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Activity: 56
Merit: 0
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March 25, 2015, 06:14:16 PM |
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And Weight in the wallet ... ?
Ways of making that better?
Buy more, or don't open your wallet for a few days. You will find blocks almost instantly
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jc12345
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Activity: 1638
Merit: 1013
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March 25, 2015, 06:53:09 PM |
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And Weight in the wallet ... ?
Ways of making that better?
Buy more, or don't open your wallet for a few days. You will find blocks almost instantly Rather keep the wallet open than to close and open after a few days. I have between 30-60 stakes per day and they compound, especially since the min age is just 1 hour. If you keep it closed and open it after a few days it is nothing more than winding up a spring and releasing it. If you understand compounded interest you will know that it is better to keep the wallet open and earn smaller stakes and then stakes on stakes which will be more in the end than just a once of interest in a while.
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drays
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Activity: 2576
Merit: 1073
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 25, 2015, 09:14:04 PM |
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And Weight in the wallet ... ?
Ways of making that better?
Buy more, or don't open your wallet for a few days. You will find blocks almost instantly Rather keep the wallet open than to close and open after a few days. I have between 30-60 stakes per day and they compound, especially since the min age is just 1 hour. If you keep it closed and open it after a few days it is nothing more than winding up a spring and releasing it. If you understand compounded interest you will know that it is better to keep the wallet open and earn smaller stakes and then stakes on stakes which will be more in the end than just a once of interest in a while. I wonder if the coin aging and staking slowdown is different depending whether you 1. keep the wallet open all the time (this gives many small stakes), or 2. open it once per several days, wait for the coins to stake, then close (in this case you'll get few big blocks of staked coins) Seems like in the case (2) the staking rate slowdown could be less (as the staked blocks are big..), but I am really unsure if thats the case...
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... this space is not for rent ...
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jc12345
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Activity: 1638
Merit: 1013
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 25, 2015, 09:31:25 PM |
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And Weight in the wallet ... ?
Ways of making that better?
Buy more, or don't open your wallet for a few days. You will find blocks almost instantly Rather keep the wallet open than to close and open after a few days. I have between 30-60 stakes per day and they compound, especially since the min age is just 1 hour. If you keep it closed and open it after a few days it is nothing more than winding up a spring and releasing it. If you understand compounded interest you will know that it is better to keep the wallet open and earn smaller stakes and then stakes on stakes which will be more in the end than just a once of interest in a while. I wonder if the coin aging and staking slowdown is different depending whether you 1. keep the wallet open all the time (this gives many small stakes), or 2. open it once per several days, wait for the coins to stake, then close (in this case you'll get few big blocks of staked coins) Seems like in the case (2) the staking rate slowdown could be less (as the staked blocks are big..), but I am really unsure if thats the case... As I said, there is the hypothesis, but you need a prolonged test of the two methods and do measurements to get to a sound conclusion.
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TrackCoin
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March 25, 2015, 09:33:43 PM |
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Keep eyes on the wall for not missing opportunity when they going to announce launching.... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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mastertrader777 (OP)
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March 27, 2015, 06:52:55 PM |
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Hello Community, ToshiDesk Development team will be releasing a detailed explainer video tonight showcasing the progression our ToshiDesk lead dev has made over the past month. The lead dev will be speaking and I wonder if you guys will be able to figure out who the Lead ToshiDesk Developer is!!! Please #RThttps://twitter.com/ToshiDesk/status/581524497620213760Please #RTCheers, MasterTrader777
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crazywack
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Activity: 1148
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March 27, 2015, 08:53:11 PM |
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Hello Community, ToshiDesk Development team will be releasing a detailed explainer video tonight showcasing the progression our ToshiDesk lead dev has made over the past month. The lead dev will be speaking and I wonder if you guys will be able to figure out who the Lead ToshiDesk Developer is!!! Please #RThttps://twitter.com/ToshiDesk/status/581524497620213760Please #RTCheers, MasterTrader777 Done and looking forward to the video!
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HegelianCattalactics
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March 28, 2015, 06:34:35 AM |
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Link of Video Please ... don't see a direct link yet.
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mastertrader777 (OP)
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March 28, 2015, 11:40:06 AM |
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Coming right up.
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jc12345
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March 28, 2015, 01:07:57 PM |
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I moved my coins to test a consolidated vs fragmented wallet. So far it seems that the consolidation is yielding much less than when it was fragmented.
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mastertrader777 (OP)
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March 28, 2015, 02:12:43 PM |
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Hello Community, Here's ToshiDesk Development update featuring our ToshiDesk Lead Developer DcGirlhttps://youtu.be/ifNkE4dXRJcPRESS RELEASE COMING SOON!Sign up for ToshiDesk Beta - www.ToshiDesk.coMust be phase 1 OR 2 Investor, or hold more than 600 MTR to be approved for Beta access. Beta will be available in April.Cheers, MasterTrader777
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jc12345
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March 28, 2015, 02:25:29 PM |
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Hello Community, Here's ToshiDesk Development update featuring our ToshiDesk Lead Developer DcGirlhttps://youtu.be/ifNkE4dXRJcPRESS RELEASE COMING SOON!Sign up for ToshiDesk Beta - www.ToshiDesk.coMust be phase 1 OR 2 Investor, or hold more than 600 MTR to be approved for Beta access. Beta will be available in April.Cheers, MasterTrader777 Great stuff. Well done.
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robb79
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March 28, 2015, 02:52:08 PM |
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Hi Mastertrader,
Keep up the great work! I have been following the progress and love the videos and accumulating some coins along the way. DCgirl is doing a fantastic job (as she always delivers great stuff).
Cheers Robb79
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crazywack
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March 28, 2015, 02:57:21 PM |
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Just watched the video, great job you guys(gal(s)) are doing a fantastic job building this Eco system.
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bizz
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March 28, 2015, 03:08:06 PM |
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I like it! DCgirl is also a mod @ Cryptsy right?
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robb79
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March 28, 2015, 04:34:12 PM |
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I like it! DCgirl is also a mod @ Cryptsy right?
yup ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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