I actually want to know how to stake. I asked dev before (I don't remember on this thread or on the old one) if I have to keep my wallet running or I can just let it sit and it'll automatically stake.
And TBH, I don't really remember dev's answer, I think it was that I don't have to run it 24/7, I can just let it sit but I have to log in every now and then to claim my stake. And uhh... I logged in every one or two weeks, run my wallet around 2-3 hours every time I logged in and mint it, but I never got any stake.
How do I stake, actually?
Ohm is my first crypto. I had no experience in mining. It's really easy.
1. From Ohmwallet.com ----> click Download and install the Ohm wallet app (currently only desktop/laptop PC, Mac, or Linux)
2. Open Ohm wallet. It will try to synchronize with the network and download blocks.
During this synchronizing and downloading blocks. It may freeze or get stuck. I had to restart the Ohm Wallet 8 times took about 1.5 hour to finish,
while I was doing other stuff on the computer. This is freezing is a communication issue, but once it is synchronized, it works really well -no shutting off
again.
3. On your Ohm Wallet click tab ----> receive coin -This is your address to receive Ohm. There is no private key. You will need to backup wallet .DAT to keep your Ohm coins save. Like video games, save often when you receive or accumulate coins. Also, save to external hard drives or USB drives.
You cannot mine/ mint until the sync is finished. Then you buy Ohm from the exchange and withdraw to your Ohm address. Encrypt and unlock to mine/mint. Save or remember your encrypt password. That's it. New coins also need 8 hours to mature.
-The amount you will receive is 20% per year (the more Ohm you have in the wallet, the better because you get more). This amount is reduced by 5%
per (network) year.
-I keep my PC Laptop running. It will go half sleep, screen turn off, no fan, but still mining/ minting. This 7 years old (Windows 7) Laptop PC with 32 web browser tabs and Ohm wallet and everything running all together shows 7-10% CPU usage at the moment.
-I keep my PC running because it's helping the network verifying transactions, and for that you get paid in Ohm. So, it is a reasonable trade off.
I do not know about shutting it off and turning it on every once in awhile, not helping the network and still getting paid? Something for nothing? If everyone is able to do that, no transaction would be verified. Nobody get paid. No Ohm network
-The CPU usage is very small. May be you should buy a cheap used PC just for mining/ minting. If you're not willing to do that, just buy and deposit to your wallet and don't bother to mine/ mint all together.
-It is rewarding to receive POS rewards from mining/ minting. The amount varies some small, some large, some very large. it's like playing lotto, kind of fun.
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Just checked CPU usage for Ohm alone consumes 0-1% CPU power on my laptop.
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We
♥ Ohmmy, WE
♥ OHMMIE !