Hello all - I have a basic staking/minting question. When the POS kicks in do I manually have to do anything to stake/mint or does it happen automatically? And then once it does stake/mint do I need to do something to make it happen again or is it also automatic every 30 days or so? Is there any good reading material on how this whole thing works or can someone explain it please?
Thank you in advance.
make sure u wallet is unlock and pos is 7 days now 50 % beginning with total coins 450000 a 50% POS will be simultaneous active with the 1 DMD POW reward each block
Hello. I have a couple of (stupid?) questions. If PoS will be active simultaneously with PoW, do I have to run my wallet on a computer that already runs a miner? Or can I use any computer for minting?
I also see that on the OP it says "PoS block solving target time ~ 600 seconds" and "PoW block solving target time ~ 60 seconds". How can PoS then be active simultaneously with each PoW reward block? Or is it just a printing error?
Hope that someone can explain this, thanks.
POS is independent from mining
all that u need to earn POS rewards is coins that are old enough and a unlocked fully synced wallet to be able compete for the next POS block
with the wording simultanous active POW and POS we mean that like lot other coins we not set up in a way that POS only kicks in after POW stage ends
and with the 600 sec POS block time (should be better called block spacing) we archive that not many orphan blocks are created
and POW mining not interupted by chain-atempts to create POS rewards
for POS its not important to create regularly a block because our network is allways additional driven by endless POW
and once POS blocks are created they protect network for a long time (mature time 200 min)
i think our whole concept did take all experinces coins gathered since POS was imnvented and create the perfect Hybrid POW/POS setup
that why we called it Diamond
Evolutionbeside the unique total coins triggers (which i see at no other coin)
we mainly used existing technology but combined it in a perfect interacting way together
with main focus on wealth storage and growth
this way we not creating a generation 2 or generation 3 coin
but the top of generation 1 evolution
to be a generation 1 based coin is no shame
the most valueable coins are