so i got a cool 1000 PIVX and i've been staking and haven't received a stake. i'm keeping my PIVX. but what i find kinda unfair is that those bigger bags that get rewarded and after 100 confirms jump right back into even playing field with my 1000 attempting to catch my first stake. coinage used to actually give smaller bags a chance to stake but now i feel even more out of the squeeze to stake... any insight? there maybe more to this technology that give me a better possibility to stake with my smaller bag?
From the white papers :
The Block Reward in most Proof of Stake systems is unfortunately based on Coin Age. In
theory, this is to distribute interest fairly by allowing nodes to receive latent payments
due. It is an attempt to keep a common APR. However, this system does not work
because nodes can stay disconnected and with many split inputs, reconnect to the network
and game the reward system. Also, it does not give nodes any incentive to stay connected.
In a decentralized system, the more nodes connected the better the security since it shifts
trust from a single entity to the network itself.
You can always check
http://cryptocoin.cc/table.php?cryptocoin=Pivx to have an idea about your staking. However like a previous poster said, not everyone is staking... so it's highly realistic to expect improved odds.
But with 1k you aren't that bad, it's true there are big stakers like someone with over 36k however there are smaller stakes that get blocks. I saw a 10 pivx stakes got a block recently ! Furthermore the average is a little over 2500 pivx. Tell us how it goes. But as you say the most important is reliability of your system.
i think disconnecting "majority coins in large inputs" and reconnecting and taking a few reward confirms is the real idea behind coinage. as doing so it will take only a few reward confirms. when large bags take few reward confirms it opens the Barrier of Entry by giving small bag holders that didn't catch a reward confirm weight and more chances for reward confirms for securing the network. this happens because then the large inputs are fairly satisfied reducing huge holder the need to devour all the reward confirms. a reward confirm to a small bag owner gives them the notification that they are indeed staking and securing the network and rewarded for so.
unfortunately people are more greedy than scientific so... yeah they game on all the reward confirms and rest of network has no incentive.