I've always wondered, if I have two separate wallets each with 100k SLR and compare that with a single wallet with 200k SLR, will the block reward/ overall interest accrued be approximately identical? OR is there an overall reward advantage to bundling all of your SLR into the same wallet?
The interest rate would be the same. However it helps the network more with a higher node count as each wallet not being identical will stake a different times.
Would an active synced wallet with 0 coins also help the network? or is it only the "staked" coins that help the network?
What do you think? Of course this does not help maintaining the network.
I just don't understand how the code works. I'm unsure if it is the process of "staking" that is what supports the network or if it is merely an open wallet that supports the network. This seems unclear.
There are two components to the mining process whether it's proof of work, or proof of stake. One is the hardware required to calculate a block, and the other is communication with the blockchain. Bitcoin for example uses a lot of hardware to calculate the proof of work, but the work must still be written to the blockchain. You can run a main node on the Bitcoin network without doing any of the proof of work, though all you're doing is storing transactions, and broadcasting that info to the network. Solarcoin works in much the same way, though all the calculations for generating a block are done through a software algo. You can still run a "main node" on the network to support the blockchain, though you won't generate any interest with an empty wallet. So yes it does support the network, but not nearly as much as you would even if you had a tiny amount of solarcoin in that wallet.
"In order to maximize the probability of earning all matured interest and signing a block during a period of time, a node must stake actively to ensure passage through the Stake-Time window for all coins held. When network strength is lower, the fraction of age deemed idle-time increases. This results in inactive stakers being penalized, with some loss of matured interest, and decreased probability to stake. By decreasing the likelihood to stake, the inactive staker is susceptible to accumulating age at a faster rate than those actively staking. To regain optimal probability of earning all matured interest, this staker must resume active staking to make up lost time. Conversely, individuals who are staking with little to no idle-time earn their full matured interest reward even in a weaker network state, when acceptable age is low and interest rate is high due to the PoST targeted inflation rate [figure 3]. As a workaround, accumulated idle-time could be reset by sending coins to another wallet, but this comes at a cost: fees are paid to those who are actively staking, and all matured interest due is lost. In summation, the behavior that is by far the most profitable is to stake as actively as possible. This further incentivizes a stable, well-supported network."
Full explanation is found here:
https://www.vericoin.info/downloads/VeriCoinPoSTWhitePaper10May2015.pdf(Solarcoin PoS is based on the VeriCoin PoS programming)
From what I gather from this whitepaper:
1) interest rate is variable between about 1.8% and 2.6%, with a target goal of about 2%
2) interest rate is slightly higher when there is a higher percentage of wallets that are staking
3) network stability increases the more wallets are staking
4) it is more profitable to continuously stake (as opposed to staking intermittently)
5) fewer coins held means longer time to stake