Topic: [ANN][EGC] EverGreenCoin | Environmental Green Causes | Full 7% PoS | Foundation - page 185. (Read 284546 times)

Proof of Stake is mining, yes. When staking, you do process translations, you do verify the blockchain, and you are rewarded for doing so. Unlike Proof of Work mining, your reward can be and is guaranteed so long as you meet the requirements for staking. One requirement is meeting minimum staking age. Minimum staking age for EGC is 24 hours. Coin age does not accrue until after coin maturity. Your wallet does not need to be running for coin age to increase.

Another requirement is that your wallet not be fully locked. If you never encrypted your wallet, your wallet can not be locked and you can disregard this requirement. It is the best and safest practice that you do encrypt your wallet (Settings > Encrypt Wallet). After the wallet encryption process, you will need to unlock the wallet for staking to take place. When you unlock the wallet you will notice a check box in the password dialog window that allows you to either A) unlock for staking only (checked, default), or B) unlock for spending and staking (unchecked). If you unlock for staking only you will be prompted for the password again if you try to send. This is just an added layer of security so that coins do not get accidentally sent and is a safe measure to follow.

In simple words, just hold the coins in a running and unlocked wallet. You will collect payments towards your 7% annual reward. There is no maximum staking age for EGC. You will collect so long as you hold coins in a unlocked (for staking only or for staking and spending) wallet.

Your weight versus the network weight only determines the frequency of payments towards the 7% but, it will always be 7% no matter how low or high your weight is.

I hope that answers your questions clearly and accurately, Porsche911!

Woop!

It's just dropped to below 2000 on cryptopia.co.nz

You need a wallet, synced to the network. As long as it's open and has coins in it, it will try to stake(after 24 hours of holding them)

Yep. You'll find it leaps in value on wednesday when ccex lists it. Buy up at whatever the rate is.

It's going for 2900 on cryptopia.co.nz too

So with 10.000 coins stacked, you get about 2 coins a day (interest)?

How to set this up And is there a backup posibility?

is it fruitfull to buy around 2100

https://c-cex.com/?id=vote

EGC is gonna be the next coin on c-cex.com

It's gonna blow up!!!

Staking is essentially a form of "mining". It is how Proof of Stake coins run their blockchains. Instead of mining, using GPU's to hash out an algorithm, we instead use our wallets to uphold the ledger. By leaving coins in your wallet for over 24hrs and leaving your wallet open, you start to grow interest on the coins in your wallet. You earn 7% annually on whatever is in your wallet. When you earn coins, by staking, is dependent on your weight in the blockchain network. The higher the weight, the faster your wallet will stake.

Since im new to Crypto currencies. What is staking? If its mining the coin i would like to join.

What is the best practise?

At the moment i have 15k

Good to see EGC taking off. Gonna do some arbitrage and then get back to staking.

Wish I could have bought more EGC this week. I had $100 in paypal that I couldn't get converted to bitcoin cheaply enough, otherwise I'd be creaming it.

3 hrs in wallet

Be sure to get that 8k staking as soon as possible.

Bought 12k @1200-1500
8k "not for sale"

You still have the chance to buy in. We at the EGC team think the price of the coin is still sitting low. With only 13 million coins getting mined in the PoW phase, it's a rare coin. We have one of the fastest transaction speeds on the market. It's secure. Our roadmap has several excellent projects in the near future.

We're very proud of our coin.

Price is 2200 satoshis on YoBit

My big mistake was sell my EGC when the price was 1300 satoshi

The revolution is coming

Thank you for your support. We at the EGC team will continue to invest our time into making a good environment for business and philanthropy. #ToTheTreetop

I started with the interest of coins several weeks ago.

This project is really interesting. Price of the coin went up over 300% on Bittrex today.

Definitly support this.

GJ DEV Team

Coin should be listed on poloniex, they need some good green energy over there!

Nice work, again, Anoona!
Let me quote it so everyone can check it!

Thanks, again!

FYI, anyone can help us expedite the use of signage like this by submitting a coin request to CoinPayment.net or by talking to any crypto-friendly merchants. Thank you in advance for any contribution to this effort!