What whould be the technical knowledge needed to put up and maintain a public PoS pool? I think i got some neat ideas but i need to start by studying some coding
Why would you base your max price on current price? You may well just set max price to 1000DCR and buy no matter what the price. I use max price to start buying immediately when price pulls back; in other words, below the current if on a price spike. This is just exactly how I will enter stock trades by using limit orders that are good-til-cancelled. The only time I set at or above current price (difficulty) is if it comes in close enough to my limit and I notice.
How difficult would that be and how much would it weaken security? The obvious method would be to have a shared wallet on an automated system that can be paid into and which will then send proportional rewards to change addresses, but this is pretty much the least secure implementation possible. The other complication with trying to put together a pool like this is that the DCR transaction fees are still a bit higher than most other cryptocoins, and at the standard 0.05DCR per transfer, such a pool could handle no more than 36 members without some consideration for payout stacking. This is undesirable for obvious reasons. I need to look at the fee settings that I seem to recall were added in the latest update. I assume this information will be released next week.
The web interface was down for an extended amount of time because the monitoring system didn't trigger properly so the sysadmin didn't get alerted. This has just been fixed. More importantly, we also noticed that the stake pool wallets failed to vote. It looks like during the code syncs from btcd/btcwallet, some functionality changes were brought over that affect how the stake pool operates. We're reverting to known good revisions until the root cause can be traced.
So I managed to give voting right to the pool and when I check My ticket list I see only 1 though I set balance to maintain as 1 and maxprice as 30 (I have all the airdrop coins 262) Y do I have only 1 ticket? And when I clicked explore for the ticket this page opened - https://mainnet.decred.org/tx/36533c58d52c87c826b3e6b885c5613a03871c35c7190cad6cb751c0022fa095 Can anyone explain what the info on the page means? Thanks in advance
Everyone is working on this issue right now. There will be a full disclosure of what happened, how it was fixed, what has been done to prevent it from happening in the future, and how the project will deal with the affected parties. Forgive the rushed message - updates will be posted as they come in.
Perhaps it is good to mention it here as well: https://dcrstats.com/ has just added an estimated ticket price. On this dashboard, you can thus compare the current price against the average price, look at the price fluctuations, AND verify your price assumptions against the algorithmic estimation. All in all I think this should be more than enough to make solid investment decisions.
A quick update on the situation with the stake pool. An issue in v0.0.6 meant the stake pool's 1-of-2 multisig addresses were getting rejected by mainnet's IsStandard function, which is not used on testnet. This led to every dcrd's mempool rejecting the votes from stake pool - and not being mined. All mining pool operators were contacted immediately and were extremely helpful and cooperative in upgrading to v0.0.7 which resolved the issue. Unfortunately, some miners have not yet upgraded, so some votes are still missed, however, the majority of votes are being mined and increasing steadily. As the stake pool is operated by c0, PoW miners will be compensated for lost subsidy up to March 11th, 2016 (06:00 AM UTC) and PoS voters will be compensated for all missed votes or until the project is successful in getting miners responsible for these blocks being solved to upgrade to v0.0.7 or later. Compensation will not come from bring-up DCR nor will it come from the development subsidy. DCR will be purchased for the purpose of compensation. Thank you for your patience and understanding. If we continue to work together as a community as we have on this issue, Decred will continue to improve!
Some explanation for the missed coins? I updated to v0.0.7 redownloaded the blockchain and now my balance is 60~ and that was 400~ before the update. After some days all blocks are updated but i lost dcrd's and not only for the missed votes. This is with v6 and old blockchain poolsize": 42241, "difficulty": 8.34382528, "allmempooltix": 264, "ownmempooltix": 0, "immature": 0, "live": 103, "proportionlive": 0.002438389242678914, "voted": 71, "totalsubsidy": 132.09733758, "missed": 17, "proportionmissed": 0.0004022906905201382, "revoked": 17 And now: "poolsize": 42204, "difficulty": 15.89634684, "allmempooltix": 1, "ownmempooltix": 0, "immature": 2, "live": 11, "proportionlive": 0.00026063880200928824, "voted": 2, "totalsubsidy": 3.72496701, "missed": 2, "proportionmissed": 4.738662749372127e-05, "revoked": 2 } Thanks to keep us on news
Hi. This stake pool is for those who do not have a system that can be on and connected to the net 24x7. The pool just votes on your behalf. And u can use the getstakeinfo command to find how many tickets have voted . how many live etc.etc