Hello dev, thanks for the brief update. I'm so eager to know how this gonna be like when contract is already deployed. About new acquired postokens, let say ones bought at exchange in the future, does it has to be transferred on a fresh eth address for it to be triggered and benefit from pos? Is it posssible to send those tokens on addy that has postoken already, if so how is it be triggered? Sorry for asking these noob questions or missed reading if any, but kindly tell us little info about these. Thank you.
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?
the math is easy to follow, but how does Bob start pos mining?
for most pos coins you simply unlock you're wallet and the posminer starts afaik eth doesn't have a posminer in its code so this is the bit that I'm interested in (no pun intended
)thanks for the update dev.
same question here. still don't get completely how the stake will work usig myetherwallet.
rank update on website was succesfull for member.
updated signature
campaign still as "preliminary accepted" but I suppose it's ok, right?
cheers
