Hi mightybohemoth,
Let's explain this with a simple example:
Bob has only one ETH address and he received 4 transactions in total:
1.Received 10 PoSToken and held it for 91 days. 91 days is greater than the Max Coinage(90 days), so we use 90 days to calculate coinage: 10*90 = 900 token-days
2.Received 20 PoSToken and held it for 90 days. Coinage: 20*90 = 1800 token-days
3.Received 30 PoSToken and held it for 3 days. Coinage: 30*3 = 90 token-days.
4.Received 40 PoSToken and held it for 2 days. 2 days is less than the Min Coinage(3 days), so the coinage of these 40 PoSToken is zero.
During these days, Bob hasn't spent his token. Then we say that Bob has accumulated 1900+800+90 = 2790 token-days of CoinAge and if Bob start pos mining right now, he will get 2790*1/365 = 7.64 POS.
Now it's easy to understand, right?
@dev well and simply said. It is clear to me but I still have some questions on your explanations and I will be glad if you can answer them.
1) For Bob to get the 7.64 pos tokens rewards, must he have started the pos mining from day 1 till day 90 ?? Or can he just start the mining on day 90 and still receive the 7.64 reward ??
2) what does the numbers 1 and 365 in your mining rewards calculations really represent?? Are they number of wallets (1) and 1 year (365 days) respectively ??
Hi seyola89,
It's our pleasure to answer your questions:
1) For Bob to get the 7.64 pos tokens rewards, must he have started the pos mining from day 1 till day 90 ?? Or can he just start the mining on day 90 and still receive the 7.64 reward ??
Yes, Bob can just start PoS mining on day 90 and receive 7.64 POS. For Bob, there is no need to do anything during these days.
2) what does the numbers 1 and 365 in your mining rewards calculations really represent?? Are they number of wallets (1) and 1 year (365 days) respectively ??
1 represents the annual interest of first year. Actually,it should be 100%.
365 represents 365 days.
