Hi,
Can i have an overview how does this POS 1% daily work? Is it a guarantee? Will i see 1% daily increase in my wallet everyday and also is it compounding?
In PoS, what is the block reward like, say i have 10% of the network and my coinage is xxxxx and i managed to mine a block. Will the block reward me according to my stake? What is that formula like?
Can i have an overview how does this POS 1% daily work? Is it a guarantee? Will i see 1% daily increase in my wallet everyday and also is it compounding?
In PoS, what is the block reward like, say i have 10% of the network and my coinage is xxxxx and i managed to mine a block. Will the block reward me according to my stake? What is that formula like?
It is pretty simple to understand, if annual stake is 365% per year then that means it is equivalent to 1% per day since there is 365 days in a year... Anyway the minimum stake age is 2 hours so after 2 hours of holding those coins would be eligible to stake, also there is no max stake time with this coin either from inspection.
Every time you stake, it is better to recombine them to increase compounding interest, you can also not open your wallet for 24hrs, 1 week, 1 month and then upon opening it, syncing up, then enabling staking you would get the % of the amount of days you missed on the staked coins.
E.G,
Not opening the wallet for 7 days will get you 7% interest on whatever coins that have been waiting to stake in your wallet since the start of deposit.
Hi, thanks for the prompt reply. I have tested other PoS wallets and find this reward PoS isn't consistent. Eg. if i only have a 1000 coins out of say 100million. I'm very unlikely to mine until very late on maybe months. So how does the block reward me accordingly after say 3 months/90days knowing to reward me 90% of 1000 coins = 900. In my understanding, 1 block can only hold a certain amount of coins. For yours it is 5. Also with this distribution model, the supply can be very high resulting in deflation not?
As far as I am aware the coin works off PoS v1 ? I'm not the developer so I wouldn't know but if your block eventually staked in 6 months time you would get 180% Interest roughly give or take on that balance depending if it staked on the exact same day, day after or day before.
The supply hasn't grown much at all so it is very hard to say, in 1 year there will be roughly 12 million coins estimated by doing some rough maths (Not including compounding)
Well, seems i never get an answer to this....i want to know how to block is designed to give out the interest according to the person's stake. To me the logic of mining a block is that there is a fixed number inside every block...so how can that work for proof of stake.
