is there somewhere I can reference the way in which the staking system works ? So far I have several things I wonder about like what's how much time will need to pass till coins mature, smaller amounts seem to mature faster than large chunk transfers I moved 10,000 coins it matures in a few hours, do it with 80,000 coins and 2 days later it didn't mature, ended up restacking my entire wallet.
Another is I know from Diamond and noble coins POS they have worked out it's best to transfer certain number of coins per transactions and total number of coins for the best staking chances, has anyone looked into this ?
Min stake percentage to be a useful node, that is, my wifes laptop with 1330 coins on it says stakes in 9 days or something, though I feel it chances of staking are so very low it may never even stake, is that the right way of thinking ? or will a wallet with almost no coins in it like hers actually stake at some stage and still reach its yearly target of return ?
thanks again you made it super easy for me to follow how all this works, I am wanting to learn more
There should be already some info in past threads and over the FAQ at the okcash.co website,
In easy terms:
You can imagine staking like mining, with the difference that for stake, the power of your mining is determined by the weight (number of coins / staking time) instead of the special equipment required for PoW.
It means that your Coins and OK Wallet are constantly participating and trying to get their stakes into the system, so only difference
between having more staking power or less, is the time it will take it to stake, as more weight helps stake faster, (just like bigger miners gets PoW rewards faster) but in OK, even the ones staking with 1000 Ok will get their yearly returns, as you say, it might take them a bit longer to
see their first stake coming in, but they WILL come in and get their proper yearly returns on those coins.
So yeah, you can leave wife wallet on and check when the first stake hits, % of network staking affects it as well, as just like mining, difficulty to solve the blocks keeps changing, so with less % of network staking is easier to get more constant stakes accepted, in theory they should get their
yearly returns even if they are staking 1 OK (might take few months depending on the % of network staking, but they will get their Stake reward)
Hope it helps, there is a new board over the
http://okcashtalk.org forums dedicated to staking, so we can start gathering all the info in there for new users as well. not officially released yet, but even so already functional and ready for everyone that would like to signup to become part of the community.
Hope it helps, Kind Regards.