Re: [ANN][PHS][PoS] PhilosopherStone | Fast | PoW-PoS | Coin Control | MSGS 1.3.5
Nice one Dkdance, mine just staked too in less than 2 weeks so i'm really hapy with it ^^ (how do i know if it's an orphan block? how can i avoid producing them?)
to deuce95: actually i understand your confusion as i go trough it myself, pos is a really complicated process and being in for a few days does'nt allow you to get evry piece of the mechanism at first glance.
Since palmdetroit seems to be actively seeking better ways to improve the wallet and those "minting information" (don't know how to call it); i guess all you have to do is sit on your stones and wait for them to mint whatever the numbers say....
From what i got in all the pos coins forums, the stake adjusts themselves accordingly to the time youkeep your coins/stones so it doesn't matter if it stakes in 10-20-30 days because you will be rewarded accordingly.
like pow there is a "random" factor that comes play with the equations (but honestly we wouldn't be in alt-coins if a little uncertainty were to kill our hopes all around
)
Just sit on the coins and wait, in some times from now a new wallet with better interface will pop up and we'll all be smarter about this :p
good saturday all
to deuce95: actually i understand your confusion as i go trough it myself, pos is a really complicated process and being in for a few days does'nt allow you to get evry piece of the mechanism at first glance.
Since palmdetroit seems to be actively seeking better ways to improve the wallet and those "minting information" (don't know how to call it); i guess all you have to do is sit on your stones and wait for them to mint whatever the numbers say....
From what i got in all the pos coins forums, the stake adjusts themselves accordingly to the time youkeep your coins/stones so it doesn't matter if it stakes in 10-20-30 days because you will be rewarded accordingly.
like pow there is a "random" factor that comes play with the equations (but honestly we wouldn't be in alt-coins if a little uncertainty were to kill our hopes all around
) Just sit on the coins and wait, in some times from now a new wallet with better interface will pop up and we'll all be smarter about this :p
good saturday all
Thanks, this is true, as time goes on I will try to make this much more user friendly and easier to understand. There actually isn't any magic involved once you see how it functions. The basic idea is you have blocks trying to time block spacing and if there is more stakes trying to be generated then it will take you longer to generate a stake. IE 5 days or 10 days, sort of like waiting in line, the longer you wait the better your chances. Then when difficulty adjusts lower it becomes easier and takes less time. You are correct, if it takes 10 days for a stake you will receive x2 as much as if it took only 5 days, and actually you have less dust over time the longer it takes.
Hope this helps, I do have someone writing out the process in easy to digest terms and will be posting this soon!