You have a couple misunderstandings of how this works. Let me make it a bit clearer, as your questions are fairly common: First of all no, you do not need to be running your wallet continuously 24/7. You could unlock it for minting once once a month, collect your interest based on the age-weight of your stake, and close the wallet. Note that unlocking is a 'mint-only' command, meaning transfers out from your wallet will still require a password. Just encrypt the wallet, open it when you wish, sync, unlock and stake for a few hours, collect interest. It's that simple. The only advantage to frequent or constant minting is that the tiny amounts mature and become viable for stake themselves - hence compounding of interest. Hope that helps clarify.
thanks, yes that clarified a lot for me.
(*) something like that explanation should become part of the wallet client! Took quite some time to find this info.
more questions:
(*) now I have unlocked the wallet, with
Code:
walletpassphrase PASSWORD 9999999999 true
* Before I didn't use that command, but the wallet was not encrypted. Still, no Stake incoming, for ONE WEEK now!
So the 7 days in which my wallet contained coins are useless, just because it wasn't encrypted?
* You should consider to make the stake earning completely automatic. Or have a button press solution (like with the mining tab in some qt-clients).
I guess the price for BC also fell so much, because some people were simply disappointed that their balance didn't increase at all.
* Is it really only 1% per year? I could have made so much more, just by selling my BC in the right moment :-(
I am keeping all of my BC still, I really want to see this working.
No problem, glad to help. Don't worry about the period where you did not get a stake. When they do stake, the payout on coins owned will reflect the age weight from day-one of when they landed in your wallet, or since whenever they last staked. On your other question, yes, the wallet locks again on closing and you need to re-enter the command. I would not recommend leaving your wallet open perpetually in the un-locked state. I need to go back and re-confirm this, but I may have been mistaken that it is a mint-only command - this means coins may indeed be able to be sent from your wallet WITHOUT re-entry of your password! Some PoS clients include a separate program purely for staking, but as of the present release ours does not. Therefore, please exercise caution and certainly do not leave your wallet unlocked and unattended on an ongoing basis. And don't forget to delete your unlock command from console history after unlocking - I've said this before and gladly repeat it.
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