Quote from: Zer0Sum on August 02, 2018, 04:11:22 AM

Quote from: enkayz on July 15, 2018, 11:09:00 AM

Quote from: Zer0Sum on July 13, 2018, 04:33:07 PM

Quote from: buzzkillb on July 09, 2018, 06:19:08 PM

Quote from: kingcarsen on July 09, 2018, 06:17:33 PM

Someone posted a really nice staking guide for Denarius and we made it to the frontpage on Reddit!

https://www.reddit.com/r/CryptoCurrency/comments/8x9xu3/how_to_build_a_cryptocurrency_proofofstake_mining/

Cool

That guide is a beast, and it even has how to use the 500 address staking technique. Cool

Is this a parody?

What kind of pinhead would stake a 6% coin which is basically a rounding error in crypto?

So the 500 address thing "increases staking" but no further information? What fun.
If so, then this is a straight up scam in the DNR code and needs to be exposed.

Splitting your coins in a wallet increases the amount of matured transactions that are available to stake - so more stake blocks will be generated. The only advantage to this is as a result of creating more stake blocks, you collect transaction fees for each blocks. The increase is absolutely minimal and does not create any extra PoS income - the total generated amount is still 6% of the staked coins - if you only had 100 coins, you might increase your profit by a few percent just be adding transaction fees over the course of a year's worth of stake blocks.

It may be worth mentioning, the technique works on any PoS coin, it's not something specific to Denarius.

Thanks for your answer.

I've owned quite a few hi-yield coins in the 30-800% range and have found it to be the opposite...
Where tiny blocks take forever to stake and inputs have to be combined into bigger blocks.

The idea that you could increase returns by creating infinite blocks is very dangerous...
It's the kind of thing a botnet would exploit in an automated way...
But that's not going on here so OK... whatever that Steemit 500 address "strategy".

Anyway, I don't see what all the drama is about at 6% or about $100K/year...
There are 100s of coins hyper-inflating at 30% and up... most masternode coins, in fact

The inflation rate on DNR is one of the things that drew me in too. With the low inflation rate it should keep it working as a store of value for sure and with all the goodies being added it's a great project that isn't just a store of value.