effects of the Gridcoin PoS stake v8 kernel

when does the 35% magnitude boost end?





effects of the Gridcoin PoS stake v8 kernel:



There was some discussion on IRC about the upcoming Stake V8 kernel (which gets into effect at block 1010000, in about 9 days).



So, let's summarize some of the points:

Stake-v8 will not change your PoR reward (your magnitude determines how much you are owed in terms of PoR) but the staking frequency

V8 will make it harder to stake for researchers. Exactly how much harder is hard to say (but the magnitude will not affect the stake weight anymore)

other side of the coin: you are no longer competing against other peoples' magnitude when trying to stake blocks







So, what do we lose then?

Worst case is you're missing out on a tiny amount of interest on that payment.

So if you end up 8 GRC staking once a day instead of 4 GRC twice a day: you are missing out on 1.5% annual interest on those 4 GRC. Around 0.00008 GRC.

You're missing out on 12h of interest to be correct. Probably less due to maturity.





It was also pointed out that it would be seemingly better for less-rich miners to join a pool





ideas:

There are ideas to use superblocks instead of block stakes to reward researchers. That would be elegant and fair, and it would allow newbies to get rewarded much, much faster.

Tomáš also has an idea regarding staking with a beacon but I don't know the details of that.





read more:





ACK:

I summarized/copied above mostly what @ravonn stated. He is available if anyone has any questions, though Tomáš is probably the one to ask first.





35% magnitude boost (September 7/8):



The new 3.6.0.1 version brought this change:









It seems that on September 7/8 you won't be getting the 35% magnitude boost anymore.



And the following picture tells you why I think you should stake until then a lot:





We are currently at line 11, and to get the same $GRC you'd need more than 0.225 magUnit without boost, and I don't remember having such a value in long time





(A)

actually this is:

Research_Age * Magnitude * Magnitude_Unit

Research_Age is the time from the last Proof-of-Research block the CPID staked in days









See also:









originally posted here