Maestro,
I know you have broken down PoS stake 100 times here, and even sent me a PM explaining it.. but I have a mesely 214k in the wallet, and it simply aint happening... What the hell am I doing wrong?
I know you have broken down PoS stake 100 times here, and even sent me a PM explaining it.. but I have a mesely 214k in the wallet, and it simply aint happening... What the hell am I doing wrong?
"proof-of-stake" : 0.00296347,
high diff = need more luck / time i suppose ?
You are correct, slavo.
If interest is fixed for the first 2 months at 100%APR, what does luck have to do with anything?
Shouldn't we just received a fixed amount at exactly 14 days past coin birthday?
There is no fixed interest in PoS (and using the word 'interest' is wrong), and using banking terms is also wrong. PoS staking is not the same as the interest you get from a bank.
Read:
Guys, about staking.
PoS (and PoW) are stochastic processes, it means there's a certain element of luck involved. If you see other PoS coin threads, the same questions has been continuously asked. PoS staking is like PoW mining, it's not a bank-style interest rate, it's a competition between minters to stake a block so the more people stake, the less likely it will be to find a block quickly. You can see the PoS difficulty by using the getdifficulty command from the debug console.
The stake rate (for all coins) refers to the amount of staking you receive when a mature block of coins that you have is staking another block, and the time it takes to stake it.
For example, if you have a block of 1000 AC with mature coins staking, and it takes 10 days to mint a new block, your old 1000 AC block is destroyed and you will get two payments in smaller blocks, each around 513.5 AC, adding to 1027 AC, or a 2.7% increase in 10 days, which is the same as 100% increase in a year. Once this happens, the new block age will be zero.
This is basically how PoS works. If you have a larger staking block, it will mint a block sooner (maybe within minutes of starting to stake), if you have a smaller one, it will take longer, maybe many days but your interest rate is calculated by the amount it took to stake the block. There are lots of PoS articles out there that explain this in detail.
PoS (and PoW) are stochastic processes, it means there's a certain element of luck involved. If you see other PoS coin threads, the same questions has been continuously asked. PoS staking is like PoW mining, it's not a bank-style interest rate, it's a competition between minters to stake a block so the more people stake, the less likely it will be to find a block quickly. You can see the PoS difficulty by using the getdifficulty command from the debug console.
The stake rate (for all coins) refers to the amount of staking you receive when a mature block of coins that you have is staking another block, and the time it takes to stake it.
For example, if you have a block of 1000 AC with mature coins staking, and it takes 10 days to mint a new block, your old 1000 AC block is destroyed and you will get two payments in smaller blocks, each around 513.5 AC, adding to 1027 AC, or a 2.7% increase in 10 days, which is the same as 100% increase in a year. Once this happens, the new block age will be zero.
This is basically how PoS works. If you have a larger staking block, it will mint a block sooner (maybe within minutes of starting to stake), if you have a smaller one, it will take longer, maybe many days but your interest rate is calculated by the amount it took to stake the block. There are lots of PoS articles out there that explain this in detail.
