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Author Topic: 111* days estimated for Difficulty to retarget. Could this kill PTS?  (Read 94789 times)

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Offline bytemaster

Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #233 on: April 23, 2014, 06:22:10 pm »
Quote from: toast on April 23, 2014, 06:14:51 pm

It can run fine with less than 100 nodes. 100 is the upper bound for delegates.

There is no upper bound... it is just a compromise between 10 and 1000.
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Offline toast

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #232 on: April 23, 2014, 06:14:51 pm »

It can run fine with less than 100 nodes. 100 is the upper bound for delegates.
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Offline ffwong

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #231 on: April 23, 2014, 06:02:14 pm »
Quote from: toast on April 23, 2014, 04:09:38 pm
Signing pools (delegates) earn a small fraction of the transaction fee from the block. Also, if you have enough stake, you will be proactive about protecting its value.

Sent from my SCH-I535 using Tapatalk

I just worry the incentive is not sufficient to maintain sufficient number of nodes for the network.

"if you have enough stake, you will be proactive about protecting its value."
The problem of this statement is how many is "enough". Different people may have different interpretations. Not many of us have a significant stake. Many of us only have a tiny fraction (not enough to move the price if we dump all our shares to any exchange). Do we have the incentive to proactively protect its value and take part in the network?   I don't know.  (At least, I do not run my bitcoin client or miner programs now)

Unless the security of protocol does not depend on the number of nodes taking part in the network, I guess sufficient incentive is crucial to motivate people to take part. I am not a network expert, I don't know. May be I just don't understand.





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Offline toast

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #230 on: April 23, 2014, 04:09:38 pm »
Signing pools (delegates) earn a small fraction of the transaction fee from the block. Also, if you have enough stake, you will be proactive about protecting its value.

Sent from my SCH-I535 using Tapatalk

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Offline ffwong

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #229 on: April 23, 2014, 04:06:01 pm »
Quote from: toast on April 23, 2014, 02:39:50 pm
He's comparing to 2m, like what we gain if we switch to DPOS

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Hi,

So far, I only understand the network advantage of switching from POW to DPOS. (e.g. how environmental friendly, how stable it is....)

But from the miner's (or stake holder's) point of view, I still not quite sure the incentive to take part in this DPOS-based network?  What is the difference being a delegate or not? If I am not a delegate, is there sufficient incentive for me to take part? I think these are important questions to answer. Without understanding the incentives, people will not join.

Can anyone explain that?






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Offline toast

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #228 on: April 23, 2014, 02:39:50 pm »
He's comparing to 2m, like what we gain if we switch to DPOS

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Offline mf-tzo

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #227 on: April 23, 2014, 02:22:14 pm »
Quote
Whats the coin supply now? I am guessing around 1.8m?

As usual you can check total coin supply here:
http://coinmarketcap.com

Now it's 1,631,027 PTS and with current network difficulty and miners activity we will get + 36,000 PTS in 72 days if nothing changes we will have 1,667,000 PTS at the end of June.

So, almost 25% increase in stake :D

How do you calculate +25%?

In 72 days assuming your assumption of +36,000 PTS there will be 1,667,000 PTS vs 1,840,000 AGS

Therefore you will get 1.08 share per AGS (2.00 mil / 1.84 mil) and 1.20 per PTS (2.00 mil / 1.67 mil) that is 10% more... What I am missing?
« Last Edit: April 23, 2014, 02:27:11 pm by Zeus »
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sumantso

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #226 on: April 23, 2014, 01:19:28 pm »
Quote from: testz on April 23, 2014, 07:37:11 am
Quote from: sumantso on April 22, 2014, 05:51:44 pm
Whats the coin supply now? I am guessing around 1.8m?

As usual you can check total coin supply here:
http://coinmarketcap.com

Now it's 1,631,027 PTS and with current network difficulty and miners activity we will get + 36,000 PTS in 72 days if nothing changes we will have 1,667,000 PTS at the end of June.

So, almost 25% increase in stake :D
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Offline testz

Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #225 on: April 23, 2014, 08:29:01 am »
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Offline 1&0

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #224 on: April 23, 2014, 08:20:38 am »
what?
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Offline testz

Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #223 on: April 23, 2014, 07:37:11 am »
Quote from: sumantso on April 22, 2014, 05:51:44 pm
Whats the coin supply now? I am guessing around 1.8m?

As usual you can check total coin supply here:
http://coinmarketcap.com

Now it's 1,631,027 PTS and with current network difficulty and miners activity we will get + 36,000 PTS in 72 days if nothing changes we will have 1,667,000 PTS at the end of June.
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sumantso

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #222 on: April 22, 2014, 05:51:44 pm »
Whats the coin supply now? I am guessing around 1.8m?

I think we should rejoice. At this rate it will be converted to DPoS before hardly any more comes comes into existence, which means all the PTS we hold will give us a bigger share in the future DACs.
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Offline xeroc

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #221 on: April 22, 2014, 03:40:01 pm »
Quote from: unsoindovo on April 22, 2014, 02:56:14 pm
...and to attract miners again too!!!
Probably wont happen .. mining sux! general consenus on that!
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Offline unsoindovo

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #220 on: April 22, 2014, 02:56:14 pm »
Quote from: burgoboby on April 22, 2014, 07:49:45 am
That would be great to people who trusted you by holding their PTS whose value dropped :)

sure.. i hope bitshare_PTS Devs find some solution to avoid this huge falls!!!
...and to attract miners again too!!!

data just taken:
=====================
Blocks to retarget: 3486
Measured: 13.54%
Estimated difficulty: 0.01098581 (26.65%)
Time to retarget: 62d 01:13:09 (2014-06-24 01:04:31 UTC+9)

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Offline burgoboby

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Re: 42 days estimated for Difficulty to retarget. Could this kill PTS?
« Reply #219 on: April 22, 2014, 07:49:45 am »
That would be great to people who trusted you by holding their PTS whose value dropped :)
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