biz_classic

I'm aboard the ark, sir

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>>2668892

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>>2668892
All those with Iron hands are going to make it.

Gonna wait for ARK to dip a bit harder then I might get in on this

>>2668909
>>2669005
godspeed
>>2669012
hope you get it for a good price, anon

btw, i assume moon and chang are at work. any clue when they'd be around?

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>>2669035
Baby, I'm right here <3

>>2668892

TOTAL SCAM DID NOT RECEIVE ARK.
THE CHINESE AND THE MOON WILL HANG FOR THIS.

ARK = total pajeet

>>2669050
uguu~

>>2669035
We're around but I'm mobile at the moment. I get into work at noon :^]

>>2669055
>not working until noon
i'm jelly

>>2669012

nigglet get on the god damn ark or litteraly drown.

>female clone included at 5k buy-limit

>>2669070
Yeah as far as wage cucking goes I have it comfy. Pay sucks though but I get equity.

>>2669114
true that
i remember when my boomer boss was wanting me to come in at 5am
"lol no"

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Payouts just completed with a minimum of 1 ARK.
https://explorer.ark.io/address/AKdr5d9AMEnsKYxpDcoHdyyjSCKVx3r9Nj

Small wallets that would've gotten less than 1 ARK didn't get paid. They will be able to view their pending balance and schedule their own payouts (instead of daily) once we have our new code up in a few days.

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>>2669169
got mine
thanks, chang-kun

>>2669169
Also fidelity was set to 4 days. If you just joined as we started forging you will get less. Since we're doing daily payouts, it will be 1 day from now on. So everybody who is in for a day starting around now and has enough ARK will get paid daily from now on.

Didn't receive anything. Have approx 600 arks. Is that still too little?

>>2669270
Yes. Give it a few days and you'll see money coming in.

If you voted AFTER we became delegates (post-51), chances are unless you have a huge wallet you didn't earn enough.

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LOGS FOR TODAY'S PAYMENTS:

https://pastebin.com/raw/t4iXS4H8

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>>2669324
I like this and appreciate the effort

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>>2669324
Nobody has mentioned it but I'm going to address this for the future.

Arky kind of sucks for small wallets because it doesn't "save" or "remember" small balances. Considering our pool sizes that's kind of a big deal. Fidelity is shit and allows pool operators to jew smaller wallets. It doesn't deal with hoppers in an ideal way and the creator takes a 1% cut each time it's run. This is why there are a LOT of 0 ARK listings here. Only 94 people were paid out.

The script I'm writing looks at each and every single block we forge, and at that very block calculates each voter's weight and tallies it up. So it calculates payments on a block-by-block basis instead of x days. This means each forged block you are paid vote_weight_for_that_block * 2 (each block is 2 ARK, hence 422 daily per delegate). Finally, it looks at the lifetime amount the delegate has paid you, subtracts that amount from your lifetime owed, and THEN it has an accurate balance. This means small wallets will be paid properly and there is no need to store balances in any kind of database, because the script reruns the calculations each time instead of storing them statically. The bonus side of this is that you can switch to any script and come back to ours, and it will always calculate your balance correctly. Hopefully this becomes the standard once our script is finished.

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>>2669584
TL;DR wait guys I have a plan

Hey just so you all know, 53 cents is a great buy in price so I wouldn't delay at this moment.

>>2668892

me!

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>>2669590
>I have a plan

>>2669324
>tfw in the top 10
feels good, goy

>>2669584
>>2669590
lol
that does sound like a good idea
is it computationally intensive?

>>2669209
>So everybody who is in for a day starting around now and has enough ARK will get paid daily from now on.
How much is enough? If I have 1000 ARK, what will my daily payout be?

Weekly seems better given the transaction cost of .1 ARK.

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Thanks senpaitachi

>>2669746
they are going to change it later so you can decide if you wanna do daily/weekly payouts
weekly is obviously superior

>>2669739
Very. Chances are it might have to run as a service, but the bonus is that it will always be accurate and I can have it calculate in real time each block we forge and store it in a persistent in-memory database (like redis). Since we're already on AWS and they have their own service for it this shouldn't be very difficult (I use their redis service for my main gig). I'm in for a long fucking weekend though, that's for sure.

The other upside to this method is that we can allow arbitrary payouts for everybody. So once the site is up, you can login and set yourself to be paid out at any arbitrary time or interval, or manually with the click of a button.

Chances are the server costs will be significantly higher for this, but we're hoping the fees from the blockchain will cover this. Otherwise we'll just do this method in advance and use a DB instead of realtime. We're essentially making our own off-chain "blockchain" ledger for what the delegate address owes people.

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>>2669765
just as an FYI, you can disable that "no screenshot" setting in the wallet
pretty nifty

>>2669169
>https://pastebin.com/raw/t4iXS4H8

First you need more decimals for the %

Second, the payouts were made to 100% of 422 ARK forged? Because it does not add up for me, or for anyone.

422*(amount of ark in wallet/amount of ark voted) is not what I took.

I am asking in good will, I am just suspicious because I don't want to get jewed by /pol for the second time.

>>2669834
See >>2669584

>>2668892
me.... when we ll be the github release in order to customize payment? i'm pretty sure i've reade somehting about that in a thread

>>2669861
Soon. This is a work week. We literally just got started. I have 3 days off next week, so we're aiming for July 5th or 6th.

Chang is making the login system now and I'm writing the payout backend.

>>2669848
Source me the script please so I can check wtf happened and got 30% less.

>>2669898
It's arky.

https://github.com/Moustikitos/arky

Logs are here:
https://pastebin.com/raw/t4iXS4H8

If you "missed" any balance, the new script will know because it's stateless and calculates lifetime owed - lifetime paid on every run.

>>2669898
https://github.com/ArkEcosystem/arky

The actual calculations for payouts are obfuscated by the developer though so people can't remove the 1% fee he takes.

The parameters used for today's payout was:
420 ARK Total
1 ARK minimum
4 day fidelity

So if you were in the pool for less than 4 days, you got a reduced payout. If your payout was less than 1 ARK, you did not get paid.

Tomorrow's payment will be run with
[Tomorrow's total ARK]
0.1 minimum
1 day fidelity

Once we have our own code up, we won't have to use Arky anymore.

>>2669920
Also, using 4 day fidelity meant you were paid less if you got in long after we made the delegate. The new script is going to calculate based on voters during forged blocks instead. If your math checks out you'll see that 30% extra when we start using the new payment script.

>>2669920
what was the cutoff for payoffs? i got 3.6k ark in my wallet, my address is confirmed on classicdelegate.biz, but didnt receive any payout

>>2669948
Read the thread, and post your address so I can verify arky didn't fuck up.

>>2669950
address is:
AePLvoo5w42a1ueN63etTRnYieK4B7TBjs

>>2669948
According to the wallet explorer, you got paid 2.1 ARK.


https://explorer.ark.io/address/AePLvoo5w42a1ueN63etTRnYieK4B7TBjs

>>2669969
Congrats, you got paid OVER, not under.

3,616 / 1,000,000 * 422. You should have been paid ~1.525952 but because of how fidelity works (and because arky sucks) you were paid more than you should have been.

>>2669898
Post your address?

>>2669995
>fidelity
is there an idiotproof explanation somewhere on what this kikery is? sorry for being ingorant about it

>>2669904
>>2669938

OK guys.

I just see that 336 ARK got paid + 9.1 transactions + 4.1 Pimping > almost 350 ARK given from the 410 forged.

The remaining 60 ark which is 14% surely does not belong to the unpaid guys. Since they have way less than 14% of the total ark.

I will wait for the next run and fuck magnet's family beyond recognition.

>>2670030
"fidelity" is what the developer of Arky calls the modifier used to reduce payouts for people new to the pool. This is to prevent people from pool hopping such as jumping into a pool right before a payout then leaving.

>>2670030
Stupid bullshit arky does that calculates an extra weight based on time in pool, which is moronic because it's an arbitrary metric. Our script checks voter weight per forged block instead which is an exact measurement instead of a "best guess" like fidelity is.

>>2670033
You might need to wait 2-3 days so I can ensure my script works as intended, but I'll be working all weekend on it. If arky continues to fuck up, my script will know. I'll post everyone's owed balance publicly if we don't have logins up by Sunday. Then you can at least check to ensure that the amount you're owed is correct. The address has more than enough ARKs to cover the balance. We just wanna make sure our system is perfect before we switch, so we don't get magnet-level fuckups.

>>2670033
>>2670056
Just as an aside.

Even if our solution isn't perfect, it's still going to be better than every other delegate out there since almost every delegate currently uses Arky.

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>>2670073
It's going to be perfect.

>>2670117
>waves

>>2670117
lol i'm already niggerrich, bro
thanks tho

Bump in case people have questions.

>>2669950
Act6hPW1eLZBNUA9vaojveKKWUjckQyjry

>>2670468
You held very few ARK over the past few days after voting, until yesterday. You'll get a payout tomorrow and one that includes your "missed" balance due to Arky once our custom payment solution goes live.

>>2670547
Not me.

But I will wait for your script guys.

I voted Wednesday night, haven't recieved anything yet. Is this normal?

AJzzPjEGy3uETH12sBrw3cb9c23QP4CvoD

>>2670912
Yes. You won't get paid for a few days since you have a low balance.

>>2670547
Appreciate the update thanks, up to 1k ark now and growing.

>>2670921
>tfw 1k is a low balance

I should get some more.

>>2669324
why have i not received anything

>>2670932
You need about 2.5k to get paid ~1ARK daily.

>>2670944
Read the thread.

oops turned off trip in another thread, forgot to put it back on

>>2670932
Its why the original proposal was weekly, so that this didn't happen. However since magnet is a fuckup or a scamming pajeet some people with larger balances were obviously wary of missing a full week of forging gains again.

>>2671405
Pretty much this. That's why we need our own custom system, so people can set their own payout times. We're doing everything we can to ensure we don't have another magnet situation.

>>2670932
>tfw AGgQA9jrhk95qdVuQ2xKVXqbDenMXcnx4y and voted before getting into 51.
>Look at >>2669324
>tfw have 4k ark and still got nothing.

:^(

>>2671733
You voted right before we got to Top 51. You'll get paid tomorrow.

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>>2671747
Alright m8, thanks for the heads up.

>>2669324
Voted before 51 top and wallet with 3K ARK. Why did I get nothing?

>>2671780
Read through the thread. You'll get paid tomorrow, and when the script is done you will also get paid extra your first payout because Arky is retarded.

this looks fun
i might get some ark just to be part of this "forging" thing

>toons has been getting 1% of all ark forged probably since ark came out for some code that shitposting autists can shame and make look pajeet tier
Sad really.

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>>2671806
Don't worry, we're going to replace Arky with our script and everyone will be paying us 2% instead of 1%. Our pool will be the only one that doesn't take a 2% fee, and we will redistribute half that fee amongst the pool voters.

We will be an ARK superpower soon.

>>2671826
Mostly just daydreaming feature creep out loud, but at some point we do want to replace that Arky shit for other delegates somehow. First comes our pool though.

>>2671829
if you can count on something when it comes to money it's greed or aka strong desire for profit optimization
if you don't do it someone else will

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How do I get involved with this?

>>2671946
Buy some ARK, vote for the biz_classic delegate using the vote tab in the wallet.

>>2668892
>who here waiting for payout?
Still waiting.

>>2669169
Hey, I voted on 6/29 1:59 AM Eastern time. Right now it is 6:30 5:27 PM Eastern time.

>>2672011
>>2672026
Please read the thread, this has been explained multiple times.

You voted very late yesterday so your payout was reduced to below the 1 ARK minimum.

Tomorrow's payout will be more generous with a lower (0.1 ARK) minimum so more people get paid.

>>2671447
When is this coming?

>>2672314
Soon. I'm dedicating my entire weekend to the new payment script, and then the website tool will be up soon after. Early estimate mid-next week.

>>2672314
We're both literally writing the code right now.

We expect to have basic functionality done next week.

>>2670073
Why don't you guys charge a .5% fee for the superior script you're making and distribute us the profits?

>>2672405
Our script isn't going to be public for a while.

>>2672325
Can you guys setup a trello so we can monitor your progress and know what's on the docket?

>>2672416
No. That's more wasted time. Once we have the basic functionality up we'll do that.

>>2672426
What do you consider basic functionality?
We got:
- The backend script for ark redistribution
- Backend for Web server
- Front end Web gui

Does ARK allow you to parse a code sent through a transaction?

>>2672581
ARK doesn't have to allow us to parse it, we'll be implementing our own parsing for voting stuff later on.

We want the payout script and custom payment times functionality up and running. That is our #1 priority.

>>2672599
I'm just thinking it'd be neat if I could just send the biz_classic address commands with a transaction so then it could be it's own self contained system. It'd be useful for address authentication as well since in the message we could verify our ownership by sending you a code generated on the site.

>>2672698
>It'd be useful for address authentication as well since in the message we could verify our ownership by sending you a code generated on the site.
That's exactly what I plan on implementing.

>>2672698
We're already working on that for account registration and voting.

This type of shit SHOULD be done via message signing built into the wallet (because it doesn't take any fees to sign a message), but unfortunately it isn't built in (no idea why) so the only way to do it without making people trust us enough to run custom software for signing is to use the vendor field in txs.

>>2668892
yuh boi...but I don't think I've received anything...yet?

I just want to say that I am only a small wallet holder, not even a blip on the total wallet really, but I really REALLY appreciate the work and effort that you two are going to in order to deliver this service to us all.
I may even donate something your way.

>>2672714
>>2672718
I have another question, will delayed payments factor in the weight of the delayed ARK payments? For instance if I have daily payments, my weight slightly increases every day, which slightly increases my payout everyday.

Will the biz_classic address accumulate weight itself and earn payouts based on delayed payments?

>>2672947
No. Delegates don't "accumulate interest". They forge. Every delegate earns the same amount no matter what. The "interest" is just an agreement that the delegate has with their voters that they're being paid a certain share for helping them become a delegate.

>>2672961
So when the delegate is delaying payment, that ARK stays out of the system and the total pool is reduced?

>>2672961
Delegates also get the days tx fees from what I've heard as well

MoonMan how will this "select your own payout" work?

Is it just done by address? What's stopping someone from changing my payout schedule after I set it myself?

>>2674206
you make account on their site.
site gives you a code
you send ark transaction with that code to delegate
-> delegate confirms account actually belongs to your address (and sends transaction back)

>>2674234
smart. thanks senpai

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>>2668909
Biz_classicman reporting in

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>>2669807
That sounds unsafe anon

Really glad we made it to top 51 I'm buying this weekend to lower my dllar cost averaging. Hope it stays low for a while. I.'d prefer to buy cheap.

>>2670056
As a guy with little programming ability, thanks for you and Chang organizing and getting all of this starting

>t. <400 ARK newbie

>>2674206
Yup, this: >>2674234

Just finished writing the code to do just that actually. Surprised the thread's still alive.

>>2673974
No. The amount of ark does not change no matter how we pay. Delegates make 2 ark per block of they are forging no matter what.

>>2674164
Nah they get the ones in their blocks just like BTC, but right now most fees are just delegate votes or bittrex tx. Negligible so far, we made like eight ark on tx yesterday and none so far today.

>>2674439
The biz_classic address voted for itself

https://explorer.ark.io/address/AKdr5d9AMEnsKYxpDcoHdyyjSCKVx3r9Nj

It has 616.6 ARK. Is this ARK part of the total pool listed here?
https://www.arknode.net/VoteReport.txt

Will the script that distributes ARK treat this address the same as any other address, or as an exception and ignore it?

Furthermore, this address is also in
https://classicdelegate.biz/

>>2674575
Yes it counts towards the pool.

>>2674582
Does the script use the same number?

>>2674596
??

>>2674599
Let's say enough people set their payments to monthly and there ends up being 5000 ARK on the biz_classic address.

This 5000 ARK increases the size of the mining pool, yet no one derives any benefit from it.

>>2674620
Sure.

>>2674644
So when the distribution script is run, what happens to the remainder? That is, if everyone gets their share of forged ARK proportional to their wallet size and pool size. There will be a remainder because that 5000 ark is the biz_classic address.

>>2674675
I don't understand what your question is. The pool ark is considered staked like any other address. All pools vote for themselves.

>>2674675
If you are asking if the staked ark is counted, then yes, technically it dilutes the pool by a miniscule amount.

>>2674704
So then the pool ark gets distribution earnings from ARK that is set to be distributed weekly or monthly instead of daily.

>>2674725
Dude what?

>>2674715
Ok, so then it just dilutes the pool, but the script doesn't distribute it any ARK

>>2674725
Yes, the pool's wallet's ark balance includes unclaimed forge rewards from people not asking to be rewarded instantaneously. In the grand scheme of things this is a relatively minor concern in the short term; in the long term, it's always possible that Moon man and uncle Chang may intend to exclude the pool's own address in their forging reward payout script (imo this is ethical, but obviously not absolutely necessary).

>>2674805
The pool doesn't get paid if that's what he's asking, that would make no sense because it's wasting tx fees sending money back to itself (I'm not even sure if ark let's you send yourself a tx). The purpose of pools booting for themselves is to increase their vote weight, so accumulated ark helps us stay in the top 51 before it's distributed.

>>2674839
Voting for themselves**

>>2674839
It doesn't get paid explicitly, but it keeps the remainder because of this dilution, so it gets paid implicitly.

A minuscule amount now could be a significant amount once ARK moons. Based on how many people store monthly this amount of ARK dilution could range from 0 to 12,440. The current pool size is 1,036,752 so that's 0% to 1.2% meaning people will get 0% to 1.2% less rewards based on how much has been forged and stored for later distribution.

>>2674874
This would be easy to fix. Simply exclude the forging delegate's wallet from the payout script (if Moon man and uncle Chang want forging rewards they can vote for the delegate using personal wallets). This way there are no implicit payouts to the delegate wallet.

>>2674919
Yeah, actually that should be a straightforward thing to implement in their script. They should make a note of it.

>>2674919

I'll talk to Chang about it, but I'm leaning towards keeping it as is. Why?

We're voting for our own pool and keeping it bumped up with the pools' own wallet.

We're also going to be leaving our tx earnings in there as well, which we feel is fair game to earn off of. We have no plans to withdraw any profits except to pay off delegate servers.

Finally, the ARK in the delegate wallet is also left there for emergency purposes (in case we have a magnet-like situation).

I suppose in a way the less than tenth of one percent we'd dilute becomes pool insurance if necessary (the best insurance is good security and a competent team - the second best insurance is actual insurance). Considering we're paying out 100% (99.85% if you want to get picky with this pool amount dilution).

However, remember that while over the course of the day we earn 422 ARK, the calculations are run on a block by block basis, so right after a payout the first block we forge would earn 0 ARK off the interest, then 2 ARK, etc, which averages out to ~211 ARK per day diluting the more than 1 million ARK pool. This comes out to less than 0.05% pool dilution on a day-to-day basis at the current vote weight.

If people take a serious issue with it, and I see other pools are no longer doing this (I believe nearly ALL of them are), I'll remove it. I didn't even consider this until now. However, we are also staking our personal wallets, so we will likely begin withdrawing our tx earnings if people want us to exclude the forged blocks (211 ARK/day) so we CAN earn interest off our own ARK that we planned on keeping in the pool.

>>2675222
tl;dr with daily payouts we'd be "borrowing" 211 ARK of interest total (doesn't increase because it would deplete daily). it wouldn't be any more because we are staking our personal ARK anyway and keeping it in the pool.

>>2675222
>99.85% if you want to get picky with this pool amount dilution
I'm not really trying to be picky. I just want everything to be mathematically transparent otherwise you know very well trolls will start accusing you of scamming people if they're not get exactly 100% or 90%. By documenting it properly now, we avoid lots of FUD later.

>>2675761
I'll look into adding an explanation for it on the site.