Guys I am sure this has been asked before. Its a question regarding maximum block size for jackpot for staking purposes. On the OP it says: "maximum coins for non-split the coin : 100,000 or 1/64 of balance"
So I have 6,823,650 as a total balance. 1/64 of that is 106,619. So do I have this correct that my maximum coin block size for staking is 106,619? What happens if I create a coin block for say 200,000??
I want to make larger block sizes because its taking forever to stake loads of 100,000 block coins, there are 68 of them. I suppose its a good problem to have , but Id rather have a smaller amount of larger block sizes.
Also I know the POS rate goes down. How can I know the current pos rate %?
Thanks in advance.
Vegas
I just started a new wallet on mine after sending the coins out and then sending back in. (I had coins from week1 that apparently were making the wallet almost 80mb and slowing things down)
I guess I'm doing the same as you, previously I just left them however i received them so I had thousands of transactions at 1,000-50,000 each and it was staking all the time, but somewhere shortly before or after the fork it started staking less. Guessing if your amount is over 100,000 it figures it out on it's own, but I'll let you know because i just transferred mine back in in chunks of 2m each. When I transferred 4m to the wallet on my mac and left it for a day I think it put 1.5m on stake and the 1 stake I got was a decent amount larger than normal, but i don't recall exactly. I'm pretty sure it was said before that it evens out in the end, but I'd have to go look back through the thread to find out what was said about it.
As for the POS rate, I thought it was in the OP? A certain percentage the first year and then it goes down each following year? I'll have a look and edit this if I find it.
**Yup, right in OP and on jackpot website**
PoS daily interest payout initially at 0.1% per day (equivalent to 44% annual interest rate), gradually dropping down to 0.01% per day (equivalent to 3.7% annual rate), the decrease will be over a period of 5 years (rate adjusted each 3 months). Then it will stay at this rate.
Minimum holding time before the pos will be generated: 1 day.
Max accumulated coin-day is 30 days (after 30 days, only the 30-day coin-day will be counted).
You can do the math from there, but I don't think there's a way to see exactly the current %. Something like .09% per day now?