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Post by o0o0 on Jul 3, 2015 10:51:48 GMT
I have around 23 million at present (top 10 user)
I'm curious about inputs when it comes to ... is there any benefit to splitting it to 10 million each inputs? Inputs from what I gather need to be 10 million each at least to get max 100% APR. Is there a benefit to splitting to 2 inputs of 10 million each over one at the full 23 million? All I can see from tests is I get 2 stake pays instead of one so its the feel good factor of having it go ding twice over once.
Can devs confirm?
Love the coin keep the work up... this forum seems dead needs a rehash and drastic reduction of sub forums / topics.
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Post by tepelstreeltje on Jul 3, 2015 13:00:45 GMT
I have around 23 million at present (top 10 user)
I'm curious about inputs when it comes to ... is there any benefit to splitting it to 10 million each inputs? Inputs from what I gather need to be 10 million each at least to get max 100% APR. Is there a benefit to splitting to 2 inputs of 10 million each over one at the full 23 million? All I can see from tests is I get 2 stake pays instead of one so its the feel good factor of having it go ding twice over once.
Can devs confirm?
Love the coin keep the work up... this forum seems dead needs a rehash and drastic reduction of sub forums / topics. Hey o0o0 welcome and thank you for your support awesome  I think there is no benefit for the owner to split the blocks because you get 100% over the 2 blocks and the sum of the 2 blocks is equal as in one block so in both ways you stake the same amount of coins. But there is a small benefit for the network because there aren't a lot of blocks staking so each block added to the network helps to raise the diff. That's ,what i think, the only reason for splitting the blocks but if someone thinks different please tell  The forum is not dead it,s just slow atm  People probably have other things to do than spending their time on the forum and on alot of forums people get paid to post. But yeah the forum is on the to do list that's getting longer and longer.
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Post by BigJ on Jul 3, 2015 20:25:11 GMT
That's my opinion on it, splitting the blocks after 10 million (or the max APR) would help to support the network.
We have cleaned up the forum before, but like I have said to Admin it shows what we and others have done and been involved in over the past-- going on two years now.
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Post by Who on Jul 3, 2015 22:32:07 GMT
I agree, splitting them will help the network with a few more blocks. I'm actually taking a slight voluntary APR penalty to try to help raise the diff by taking 100K and splitting it down into a load of smaller blocks in various addresses. I get around 30-40 stakes per day, but most are just a handful of net. It would be great if maybe ppl with between 2 and 10 mill in an address could scatter a few thousand into some smaller balance addresses to help secure the network by raising the staking diff. If you have between 2 and 10 mill, scattering a couple hundred K into some staking addresses will make hardly any difference to your returns on your main staking balance, due to the slow rise in APR between 2 and 10 mill. E.g. if you have 5 mill, and take 200K to split across 10 addresses with 20K each, your main staking balance will go from 5M to 4.8M. It will hardly affect your APR at all, but would go a long way to helping raise the network difficulty. If you have a lot riding on NET - and THANK YOU for your support if you do, then it makes sense to help secure your NET as best you can. Just my two satoshis worth...  GO NET!
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Post by o0o0 on Jul 4, 2015 0:22:13 GMT
I agree, splitting them will help the network with a few more blocks. I'm actually taking a slight voluntary APR penalty to try to help raise the diff by taking 100K and splitting it down into a load of smaller blocks in various addresses. I get around 30-40 stakes per day, but most are just a handful of net. It would be great if maybe ppl with between 2 and 10 mill in an address could scatter a few thousand into some smaller balance addresses to help secure the network by raising the staking diff. If you have between 2 and 10 mill, scattering a couple hundred K into some staking addresses will make hardly any difference to your returns on your main staking balance, due to the slow rise in APR between 2 and 10 mill. E.g. if you have 5 mill, and take 200K to split across 10 addresses with 20K each, your main staking balance will go from 5M to 4.8M. It will hardly affect your APR at all, but would go a long way to helping raise the network difficulty. If you have a lot riding on NET - and THANK YOU for your support if you do, then it makes sense to help secure your NET as best you can. Just my two satoshis worth...  GO NET! I have 21 million net almost 22 million i'm rich list number 4. I'm sure I could split some down and take a little hit to provide some security. If I was to put 1 million aside for this how should I split it up for best security of network and diff raising? Dev comments?
What does raising the diff do for the network?
And wheres my medallion I was promised one by snappy.
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Post by Who on Jul 4, 2015 14:50:04 GMT
In short,  is trying to stake 720 POS blocks per day. The problem we are trying to prevent is if there are a small number of wallets actively staking and those wallets have a small number of blocks in them, the network pos can temporarily pause waiting for a new mature stakable block (because every block with a sizable enough balance to stake atthe minimum staking age was recently staked in the last few hours). The POW blocks will still continue, so transactions can proceed and we can all still enjoy  trading and casino etc, but the POS difficulty will temporarily fall, which is not great for security. So, it would be fantastic if you could help in the short term: An added benefit of splitting a small fraction of your main balance is if you want to trade / spend / have fun with NET, you can now cherry pick from these smaller balances in Coin Control when you send coins to exchanges, the ecasino etc. This means your main staking rewards are unaffected by your day to day spending actions - like having a separate low interest current account and high-interest savings reward account. 1. If you wallet has not been opened for a while, open it, unlock it for staking, wait until you get you next stake reward (with 23 mill, it should be instant in your case!) 2. click on 'receive coins' and create 10 new addresses (I called mine stake001 through stake010) hint: if you are stuck for an address to use, there is a good one at the bottom of this reply  3. wait about an hour or two until your last staked balance matures and becomes spendable again. 4. send your new stakennn addresses various random amounts of a few tens of thousands of NET - say between 50K and 200K. That should currently be enough to give those addresses sufficient chance to stake each day at the minimum staking age on the current network difficulty. 5. Enjoy getting around 30 to 40 stakes per day at present. 4 will be your main stake reward (I currently get mine about every 6 hours) the rest will be a few net reward 6. Pat yourself on the back for helping the  network achieve 30 to 40 of the 720 stake blocks its trying to achieve each day. This is all an interesting side effect of having a rising APR that encourages people to hoard coins into a single address. It will be less of a problem as more people discover how great  is and start joining their wallets onto the network and staking their balances. Go NET 
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Post by o0o0 on Jul 5, 2015 9:36:55 GMT
all done turned 275k into 20k inputs... will split more later. Doing my thing... wheres my medallion? Anyone would think you don't love your top 10ers :*( i'm rank 2 if you don't count exchanges.
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Post by tepelstreeltje on Jul 5, 2015 9:55:38 GMT
I build a custum wallet for that which runs 24/7. It split the blocks when they stake within 12 hours and the blocks only combine if they are less than a 100. I have 42k in that wallet and it split in like 300+ blocks from 10 to 500 so it works quite good it's staking more than 150 blocks a day now. Im gonna add another 50k so that i have more than 600 blocks should be good for almost half of the stake blocks required per day. Downside is when my pc stops by a power outage orso it,s right away noticable in the network but luckely that happens not very often
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Post by o0o0 on Jul 5, 2015 10:10:43 GMT
could wallet improvements be made to split to random block sizes from 10k to 50k for the staking aspect but the reward to come in on a 6 hour mark based on the entire wallet balance?
Must be a better way to protect the network with plentiful stakes yet allow one to consolidate the coins if they require so? Just seems a little messy to have to split to multiple addresses or inputs in 1 address. I guess it wouldn't be an issue if the user base was wider... still adoption is increasing and the price is stable at 300s and going up. You devs should be proud.
Whens the next wallet? I'm expecting big things based on your past history of innovation... cmon the qt needs some love.
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Post by Who on Jul 5, 2015 10:46:52 GMT
We thought long and hard about a reward based on entire wallet balance when you have multiple addresses, but its impossible. The only thing that determines an address as 'yours' is the presence of a private key in your own wallet which can unlock the unspent coins at that address. The sum total of all those unspent coins is your total wallet balance. When you stake, and claim a reward, the network peers need to validate the reward you are claiming you are due. If it looks like you are claiming too much (e.g. if you hacked the wallet code to try to claim loads of NET when you staked) the peers will reject your staked block. Now, if the other peers do not know which addresses you hold the private keys for, they cannot determine your full wallet balance, so cannot validate the PIR you are claiming you are due They can only validate it based on the value of the coins you actually stake in that block. That being said, if anybody thinks of a way to improve this or make it easier to manage, PM me or snappysnap, or join the skype conversations. 
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