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    Author Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65%  (Read 1260993 times)
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    danbi
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    July 15, 2014, 12:56:42 PM
     #2081


    I am not worried about the cosmetic issue, but more about the the fact that most of my minting attempts are unsuccessful.

    If the issue is a timing issue isn't there something you guys could do to limit this?


    No.

    Minting is a random process. You mint a block, then post it to the network (block chain) and see if you were first. If the block is accepted in the block chain, you add the earnings to your wallet. If not, you lose nothing. As if you never minted. It is exactly like orphans on the network.

    The reasons we see more PoS orphans than PoW orphans is.. as expected, because of the low PoS difficulty. We would see about the same amount of PoW orphans if we had such low PoW difficulty and the same number of miners. In order for PoS difficulty to rise, more people should open their wallets for minting. You won't mint more often, but the percentage of failed attempts will be much lower.
    This is essentially what can be done.

    Contrary to PoW, where you compete based on your hash power, with PoS you compete based on your (individual amount's) coin age (the multiplication of coin amount with the age of when they arrived in your wallet). You waste more or less the same hash power (the wallet hashes sha256 for PoS) as you would with or without successful stake. The hashing exists in order to provide for randomness, or luck, it is very low-rate.

    In theory, this could be fixed: have your wallet do massive hashing, even connect an external sha256 hasher, or few -- and the result you will receive is only almost guaranteed lack of orphans, you will not stake more or more frequently.

    Having said all this, yes, it's disturbing to look at these things in the logs. Perhaps the logging routines might be redesigned to only log successful stakes, but.. that changes the purpose of the log, which is to provide you aid in diagnosing what and why happens.

    PS: Yes, and the latency also plays a role. Try to have connection to well connected nodes. At the moment, 193.68.21.19 is one such node.

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