I installed a desktop paycon wallet on a windows pc and gonna keep it running almost 24h at work
Everything went smooth, no stupid checkpoint errors, a lot better than paycoin.
Just wanted to ask how this staking works - will I lose much due to reboots or some offline time? How important is to be online 24/7 staking?
Staking is important because it provides consensus and security for the network, the more people Staking on the network the stronger it is. The Staking is fairly straightforward, all Proof of stake Blocks reward 30 Coins per Block so at 1 minute Block times that is approximately 43,200 coins a day or currently 0.78% per day (and this reduces over time as the supply grows). Average Block to Stake currently is between 500-1000, this is the amount of Coins in one transaction sent to an address in your wallet. Lower amounts would take longer to Stake with a minimum of 2 days and a maximum of 14 days when Coinage stops growing. Coinage is calculated as the number of Coins * the amount of days past.
If you have some time offline then that's ok but it's better to Stake, there can never be 100% Stake activity so you tend to always receive slightly more % growth than the money supply but if not Staking you lose slightly compared to the money supply. Staking is all Automatic, you can even change how your Blocks split when they Stake using the RPC console located in "help", then "debug window"
In the RPC console you can type "setstakesplitthreshold" followed by the minimum amount you would want your blocks to split, if you set it at 600 then you could Stake multiple smaller Blocks in a single Stake (in the same address) until over 600 or if larger than 1200, it would split your Stake into two Blocks.
We are currently running a Staking promotion giveaway where a large portion of Blocks have extra Coins added to them, if you know of a good faucet or two then be sure to ask them to add PayCon and we can setup some funding.
I think it's still pretty inexpensive to grab some Coins if you want to just buy a bit, total maketcap is somewhere around 7-10k.
Sorry it's maybe a stupid question, but I still don't understand how to stake better... So my pc is on 24/7, just having 1-2 reboots a day - will I lose something because of this interrupt (reboot)?
Does the amount of interrupts matter or it is just the whole amount of time staking that counts?
What setstakesplitthreshold should I set in my wallet for better stakes? Does it depends on how much coins I own? If so, what would be optimal setting for if I own 1000 coins? 10000 coins? and 100000 coins?
Thanks
