/biz/ ARK Delegate Update thread!

daily reminder that Ark provides nothing of value

>>2485839
Biz voter here, thanks for the update.

>>2485852
daily reminder that your life provides nothing of value

>>2485859
nice defense

>>2485839
>2. Some concerns about our high ranking is that whales are jumping on the biz delegate to leech some of the 50 day 100% payout.
May I get a summary of the algorithm?
I voted for /biz/ before it got into top 51, and suddenly jumping up to 12th or higher place, I was concerned it would become a spending contest against a whale to at least get a weekly payout.

File: 1496856147106s.jpg (5KB, 250x250px) Image search: [Google]

5KB, 250x250px

>>2485852
Not true. Value of ARK is its stability.
Other coins come and go, but ARK is here everyday.
That's a real value.

>our first full payday is upon us
I thought that was Monday? Is it going out today instead? Either is fine with me.

>>2485891
Monday was only a day's worth of pay. Weekly is the standard.

OP, please answer.

Is it true that we receive less coins now that the delegate is so big?

>>2485906
Yes I understand that, I mean that I thought it would be sent out weekly on Monday's from now on. Like I said I'm fine with whatever though.
>>2485880
There's been a few different options discussed but nothing finalized.

what even is this faggotry and am I too late to be a part of it?

>>2485914
Yes.

>>2485906
So we get paid ever Saturday now? Damn. Would have moved my purchases into my wallet then.

>>2485880
Sure. The following was proposed by a voter in the discord:

"Averages based on ALL delegates, not just the biz pool (this stops whales from splitting into smaller wallets to benefit themselves).

-- Whale Penalty
Bottom 20% get 100% payout before other deductions.
Middle 60% get 90% payout before other deductions.
Top 20% get 80% Payout before other deductions.
Maybe pareto principle (80/20)?

-- Hopper Penalty
When joining, check ARK against total ARK in top 51, somehow weigh it?

-- Time in Pool Penalty (exponential to 90%, then long linear slope)
Linear decay for x seconds where x is the average membership time (in blocks) of the biz pool (or should it be all pools?).

-- Balance addition Penalty
Rolling average for balance changes - if less than rolling average (based on block count), no penalty. ie: 1 ARK @ block 0 - block 99, then add 99 ARK in block 100 - average is ((199) + (991)/100) == 1.98 ARK. Penalty for being significantly above rolling average (not sure what kind of implementation to use for this but continued rolling average should be used to calculate penalty).

All deductions multiplicative.

Maybe do bottom 20% based on pool but top 20% based on ALL top 51. Not sure if it could cause dangerous overlap somehow, kinda tired.
I think bottom 20% based on pool and top 20% based on entire top 51 would work better. Cause then we can have more than 20% of our pool getting 100% payouts"

>>2485914
lets put it this way a guy had 3500, he received a payout of 0.9. So no, if your holding anything under 1000 in that wallet you aint getting shit.

File: arkside.png (37KB, 685x518px) Image search: [Google]

37KB, 685x518px

>>2485839
If I own 165 ARK will I get anything weekly or is it too small?

>>2485946
every monday is pay day

>>2485947
This is kind of unfair to those who have decent sized wallets and joined the pool before we hit top 51.

>>2485953
I own 150 and didn't get anything, so don't waste your time

>>2485987
this among other things is why the algorithm is still being worked on.
>>2485991
yeah because we forged for like 1.5 days when that payout went out

>>2486004
Can you answer my question then?

>>2485949
I got 2.8 with 3519, it also takes into account how long you've been voting for the node.

>>2485947
Why do you have to be such a kike? I put 20k in back when we were 56 yet these poorfags are butthurt that their 40 ark isn't going to get them a good payout so you have to change the rules and screw those of us that made the actual contributions to get us in the top 51. Everyone should be paid the same share and if people join later then so be it. This is just the start of this delegate being in the top 51, three months from now we could be out of the top 51 because of this liberal gibsmedats for the poorfags so you punish "muh whales" even though they are the ones giving us security.

>>2486036
Think of it this way, we can safely be top 51 without people outside of /biz/. If he can put things into place that punish latecomers while exempting those of us that were in before we hit top 51 then that also increases our payouts as the pool will be smaller.

>>2486036
Agree. If anything there should only be a max. cap of Ark received to stop let's say anyone with 5kk ark hopping and looting or whatever.

>>2485947
In another ARK delegate thread, I also saw a lottery-type system. Are there any opinions on that? For example, in addition to the weekly payout, there's also a lottery in which the voters are eligible. Given the current situation, it can be restricted to the poorer anons (thus doesn't incentivize more whales), while still not being a definite rule to benefit from because of random chance.

>>2485953
calc "(100/1200000) * 422 * 7"
~0.24616666666666666667
If you had 100, you'd get above amount. Which is above the transaction fee of 0.1. So there's something.
Which reminds me, if someone is below the transaction fee, does payment never come, or does a hypothetical payment from the previous week carry over until a threshhold is met to profitably send?

>>2486077
>any opinion on lotteries
I hate lotteries.

>>2486036
I did not come up with this solution, if you have a better idea be proactive and start a discussion on a better solution. Secondly, this algo does not even exist yet faggot its still being worked on and discussed by voters.
>>2486019
arky takes into account how long you have been voting as well as your weight in the pool, do the math to figure how much you will be getting back

I got 497,6 ARK in my wallet and voted last monday.

How much will I get and when? I am just curious. Planning to stay here for the long run.

Is there an ARK discord which I could join to keep up with my fellow ARK investors from biz?

>>2486106
yes read the op

>>2486106
Its in the OP.

HOW I GET IN?!

>>2486077
>calc "(100/1200000) * 422 * 7"

Cool, thanks for an answer!
Not much but still I am glad to be part of a vote.

File: D3 2.jpg (621KB, 1004x3180px) Image search: [Google]

621KB, 1004x3180px

>>2486116
>HOW DO I GET IN?
https://blog.ark.io/how-to-vote-or-un-vote-an-ark-delegate-and-how-does-it-all-work-819c5439da68

>>2486085
I dislike conventional lotteries. But in this case our tickets is the 1 ARK we spent to vote, and the ticket isn't consumed. Supposedly we kept it the payout fair for both /biz/ whales and minnows, but the minnows get [only] a chance to have their vote earn them something.

>>2486089
>arky takes into account how long you have been voting

I voted the first day, twice by a mistake.

>>2486113
>>2486114
>https://discord.gg/n2773
instant invite invalid of has expired

And how much do you estimate ARK will be worth in the coming months? are there any events happening soon?

>>2486134
Well that lotto money has to be coming from somewhere so I'm against it.

>>2485887
nice meme u fuck

>>2486148
https://discord.gg/c5w6BD
my bad

>>2486133
thanks nerd, cheers.

>>2486157
Whatever time interval could work.
Lottery held every x number of weeks, accumulated from a repartitioned payout such as (100% - a%) voter, ((100% - a%) - b%) delegate, remainder b% being the lotto.

>>2486092
>>2486150

pls respond

>>2486243
I mistyped on the formula, but hopefully the idea is gotten across.
a% - b% for delegate*

File: 2017-06-17_142650.png (63KB, 750x413px) Image search: [Google]

63KB, 750x413px

>>2485947
>>2486036
>>2486077
THE DELEGATE POSTED THE OLD ALGO FROM A WHILE AGO

THIS IS THE MUCH SIMPLER ONE WE DECIDED

File: Mining.com-Icon-for-light-BG-300dpi.jpg (27KB, 425x425px) Image search: [Google]

27KB, 425x425px

How do I mine ARK?

>>2486289
Arky, a payout tool someone else made, already handles weighing by join date and people keeping a wallet with 0 ARK in a pool and then dumping a bunch in before payout.

The only thing we need to do now is protect /biz/ voters from non-biz whales hopping in and reducing our payout.

A simple "pay everyone who voted before 51" solves this.

>>2486300
ARK is not POW. You can *mine* ARK by voting in a delegate and having some ARK in your wallet.

>have 812 ARK
>only get paid 0.52 from vote weekly payment

....why did I even buy this

>>2485839
Your boy Alecthemakc was the first delegate to vote. Is this going to be good for me I only hold 886.

>>2486344
because ark will appreciate in value. dont have such nigger teir short sightedness

File: 1429030212112.jpg (655KB, 1920x1200px) Image search: [Google]

655KB, 1920x1200px

>>2485947
What the fuck you filthy kike? I was promised by you that payout will be 90%. Now I get some communist bullshit with 20% whale panalty. Either you get your shit together and start treating equally or I will take my 100 k and start my own campaign to fuck you and overtake your delegate position, you fucking incompetent imbecile

>>2486261

well thanks everyone.

>>2486344
calc "(812/1200000) * 422 * 1.5"
0.42833

Is that really your weekly payout or was it the day and a half faith payout from Monday?

>>2485839
I voted on the 12th with a little over 1k ARK, and it looks like I didn't get any payout. Is this due to timing or amount?

>>2486385
see
>>2486089

>>2486386
Formula's been posted multiple times, plugin your number.

>>2486393
Timing, you should get a payout Monday.

>>2486344
Get money back in 2 weeks, get paid for ever.
Seems like a sweet deal.

>>2486370
This is the kind of insight I can get behind,

Switching vote to /biz/

File: file.png (103KB, 480x360px) Image search: [Google]

103KB, 480x360px

I'm the guy who wrote the proposal and is writing the new payout algorithm.

What was posted here >>2485947 was just CLIFF NOTES for MYSELF that people asked me to post. It is NOT finalized, and ignore the entire Whale Penalty section.

Let me make this very clear:

ALL PRE-51 VOTERS ARE GRANDFATHERED PERMANENTLY UNLESS THEY HOP POOLS.

ALL PRE-51 VOTERS ARE GRANDFATHERED PERMANENTLY UNLESS THEY HOP POOLS.

ALL PRE-51 VOTERS ARE GRANDFATHERED PERMANENTLY UNLESS THEY HOP POOLS.

Rolling balance has already been integrated into Arky, and Time in Pool Penalty is being worked on as well (arky ALREADY HAS THIS BUILT IN, but it's a shitty static time variable which is not fair and discriminates against oldfags in a longstanding pool).

THERE WILL BE A PROPER VOTE BEFORE WE DO ANYTHING!

File: 1429805467068.png (191KB, 557x270px) Image search: [Google]

191KB, 557x270px

>>2486408
How about you see my boot up your arse?
You cunt was licking our balls to get support now you start acting like fucking political delegate. Only thing in here what matters is amount of ark person is giving to you and if you keep your bullshit up I can easily organize 400k ark pullout and you will loose your delegate position.
After that have fun telling +600 people why where are no payouts

>>2486542
See
>>2486482

and calm the fuck down. You're going to be grandfathered in @ 90% permanently if this does happen, and it won't without a proper vote.

File: have an aesthetic pepe.jpg (39KB, 388x388px) Image search: [Google]

39KB, 388x388px

>>2486482
This is true, I ctrl+v'd an old version of the algo

Any exact time of this?

Some guy doesn't read the entire thread or post and gets assblasted. Having a chuckle here.

>>2486542
Dude did you not read the other posts before typing?

You're literally arguing against something that was never going to be implemented.

>>2485839
im too lazy now gimme the git source pls

i bought more arks in order to take gains, with 237 i'm still out... should i join the 40th pool?

>>2486679
>i'm still out
You should be getting at least some payout Monday.

>>2485839
Checked the client and received my 0.97 Ark. OP is not a faggot.

it's sad because i voted in the first 20 minutes maybe.... i belived in that from the beginning....
check my address if you dont trust in me...
AX9...............uPs

>>2486691
well if you followed the whole thing you know that OP is robin hood

>>2486720
block explorer is down, what is the problem?

To be absolutely clear, the next payout is MONDAY June 19th.
For Monday's payout, we are using the newest version of Arky ONLY.
Nothing else!

https://github.com/Moustikitos/arky

>>2486482
>ALL PRE-51 VOTERS ARE GRANDFATHERED PERMANENTLY UNLESS THEY HOP POOLS.

I am pre 51 voter. If I put more ARK into my wallet will I get more ARK from the delegate?

>>2486385
Beat it then loser, start your own campaign. No one is making you vote for anyone and you're a fucking asshole for threatening to leave a delegate, especially without showing any proof. Leave then. It's a free market system. You're not the only whale on board. I'll keep my 100k in and will buy more when you leave.

complete proof of stake newfag here. I just joined with 422 votes. What does that mean for me?

>>2486542
Beat it loser. See above. Remove your ark from the delegate and start your 400k campaign. You don't matter.

>>2486859
It depends on how big your bag is, but you will never get less.

>>2486865
>>2486385

>https://pastebin.com/raw/Ed2PyMDP

All these faggots with their supposed massive Ark halls, according to the voter data there is only one voter over 100 k. One or both of you are lying faggots.

>>2486901
>It depends on how big your bag is

Can't you give me yes/no answer?

I have 160 ARK now, what if I buy 10 000 more?

Will I it count or will it be "post 51 votes"?

>>2486936
No I can't, because it's not a yes/no answer FFS. Do you even understand how payouts work?

Your wallet is grandfathered, not your balance.

>>2486165
Consistent value is a meme now?

>>2486968
>Do you even understand how payouts work?

No I don't. That is why I ask questions.

Can you explain how the rolling average is calculated to determine payout. My issue is that I have in the past week retracted all the ARK from my wallet for about 24 hours total in an effort to day trade a little bit. Is the rolling average psuedo continuous meaning is it calculated every 5 minutes, 10 minutes or so or is it more disparate (you calculate size of wallet 10 times in a day say). Just want to know how retractions for certain periods of time affect payout

>>2487003
You can earn more on the daily 4000 sat swing than staking

>>2486994
It's based on your balance out of the pool's total balance (that's how it works for every delegate).

>>2487025
yes but I like to be /comfy/ with ARK because with the size of my wallet I could make like 30 ARK a week and I don't have to worry about it since /longterm/
i daytrade in many coins and make lots of money but then i always put them back into ARK at the end of the day if ARK looks low

>>2487035
>It's based on your balance out of the pool's total balance

How confusing...

I will ask again:
If I put 10 000 more ark into my wallet that I used to vote pre-51 will I get more ARKs or it is too late?

>>2487082
You might actually be retarded. I can't help you.

>>2487096
>politely ask a question
>ask it again, but rephrase it
>ask again
>get no clear answer
>get called a retard

It feels like you want me to sell my ARK and start shitting at it.

File: danhardyrespectfulnod.webm (1MB, 800x450px) Image search: [Google]

1MB, 800x450px

>>2485839
Thank you based magnetbro

File: page7.jpg (222KB, 700x700px) Image search: [Google]

222KB, 700x700px

>>2487237
You dont have to revote once you vote your in. If you add more to your wallet it will be added to the pool. No need to revote.

>>2487306
>You dont have to revote once you vote your in. If you add more to your wallet it will be added to the pool. No need to revote.

Thank you, I will get more ARK then.

>>2487324
Great idea

>>2485839
I only got paid once so far. Are the payouts weekly?

>>2487362
yeah payout #2 is on monday, this one will pay more ark because we have forged more ark because we have been forging for 7 days

>>2487390
>HYPE<

>>2487409
It's Pajeet-tier daily wage per week per 1000ARK
Hope it moons soon to make that Juan-tier and subsequently Yankee-tier

>>2487470
I don't even know what this means.

>>2487526
>Indian tier wage
>Mexican tier wage
>Murican tier wage

So are we receiving the payout today?

>>2487654
can you read pajeet?
>>2487390

How much do you all think ARK will be at by December?

>>2488098
$5-10

File: 1494203723542.jpg (132KB, 587x992px) Image search: [Google]

132KB, 587x992px

>>2488098
$5

>>2488275
>>2488286
What makes you both so certain of this?

>>2488387
I like ARK and expect it to succeed, but if your idea of doing coin research is "how much is dis gonna be" on anon forums you're gonna get raped.

>>2488607
I'm not certain but what the Ark team are trying to achieve is big. If they hit just a few of the bigger things on their roadmap this year it could easily push it into the top 10.

If I'm honest I couldn't care less what the price is at the end of the year, I wouldn't mind if it just stayed where it is for a few more months. For me this is a 1-2 year hodl.

>>2489038
>>2488387
Tagged the wrong person

Under 30k ARK is pretty much insta-buy at this point, adding another 5k ARK to biz

>>2489302

The coin appears to be crashing, why should I buy now?

>>2489395

You just answered your own question

>>2489395
Buy low sell high my nigga.

how do i sign up for this with /biz/? how do i become a voter? i own ark, but I am not a voter. slightly confused on whats going on here.

>>2489653
Go into your ark wallet, click vote, add biz, and vote for it. Your vote costs 1 ark, and the contents of your wallet determine how big your stake is. 1 vote = a stake the size of your wallet

>>2489701
cool thanks. is there any reason to do more than 1 vote? is it even possible?

>>2489712
You can only do one vote per wallet. To change where your vote goes, it costs 1 ark to unvote, and another one to vote somewhere else.

You can vote in multiple places, and to do that you have to make multiple wallets. Transfer the amount you want to stake into the new wallet and vote elsewhere. There isn't much reason to do it as we speak though. What wallet software are you using?

>>2489752
i just DL'd the wallet from the ARK website. can i vote from there?

>>2489752
rec on which wallet to use?

Just voted, have about 258 ARK in my wallet, what kind of payout am I looking at?

i voted and the from and to address are both my address..is that normal?

>>2489814
The payout will be pretty small. They do it weekly , and you'll see it on Monday

>>2489917
Yes that's normal

>miss out on gainz holding this stagnant shit
>only pays a measly half ark a week

Yeah wow. Fuck this shit.

>>2490875
Trade volume is really slowing down, looks like we're gonna slowly ride this to 0 sats.