Author

Topic: how does pos work? (Read 389 times)

legendary
Activity: 1008
Merit: 1022
July 12, 2015, 10:06:11 AM
#7
Stare into your computer, click your mouse three times then repeat "There is no place like POS"
sr. member
Activity: 798
Merit: 253
July 12, 2015, 09:55:21 AM
#6
thanks
Sometime it will take a long time for the coins to generate a new block, so it will take a long time to sync, how to make the sync time faster? Since it will sync after a new pos block generated, so if I make the new pos blocks generated faster, it will sync faster, I think the nStateMinAge is for this?
After a nStateMinAge time passed, the interest will be generated so a new block will be generated?
If I set nStateMinAge to 10 min, so after 10 min, interest generated and a new block created?
I am not sure whether a new block must keep adding content until it reach the max size to generate a new pos block or it will generate a new block each time interest generated

Thanks
sr. member
Activity: 448
Merit: 250
July 12, 2015, 09:06:46 AM
#5
pos just uses computer power and not mining power so the amount of coins determines stake

https://en.wikipedia.org/wiki/Proof-of-stake
sr. member
Activity: 798
Merit: 253
July 12, 2015, 08:53:31 AM
#4
thanks i mean I developed my own pos coin, after the pow coins mined, there is no new blocks so sync is lost, how to let the new block generated faster? Adjust minStateAge parameter? Or any way to let the new block created faster in pos
hero member
Activity: 1540
Merit: 500
July 11, 2015, 12:22:07 PM
#3
POS:

Keep your wallet online and unencrypted (for stake only).

legendary
Activity: 938
Merit: 1000
July 11, 2015, 12:19:35 PM
#2
When does the interest generated?
How to sync?
After pow coins mined, how to mine the pos coins and which parameter to adjust in order to generate new pos blocks fast?
Thanks

When does the interest generated? Each coin is different check "PoS Min Stake Time" of each one.
How to sync?   Keep you wallet open could be a long time for first time depending of the coin,Check you .conf file to connect nodes.
After pow coins mined, how to mine the pos coins and which parameter to adjust in order to generate new pos blocks fast? Keep your wallet open,you dont need adjust nothing, The more coins that you have with respect to network (weight) you will have more rewards.
sr. member
Activity: 798
Merit: 253
July 11, 2015, 10:14:49 AM
#1
When does the interest generated?
How to sync?
After pow coins mined, how to mine the pos coins and which parameter to adjust in order to generate new pos blocks fast?
Thanks
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