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Well I think that's not complete info at all. At first (in my case) I run the headless (non-gui) wallet. So there's no Option-Menu ;-)
And second it's not completly that walletpassphrase is "unsecure" at all. In fact you can (and must) not only limit time it is running unlocked, but you can also additionally add "true" parameter to use it for mint (and also staking?) only.
This is said by CLI/RPC info:
walletpassphrase [mintonly]
Well I'm not completly shure if this is a misinfo/typo for "mintonly". Does this include staking? How else should I be able to activate this on headless/non-gui version? I've also added "staking=1" to my conf-file.
But I should also have said I'm still waiting for rewards on my 4221.000 HYP-Coins deposit for testing having had not even a satoshi generated yet
My apologies, I assumed you were running QT. Yes, you're correct, that is how to set it for minting via command line. and yes, mintonly is the correct parameter.
Running that way, assuming your coins have reached the maturity date, it's just a matter of time. Eventually, they will stake. The more you have in a single transaction, the faster it will work. 4221 is actually a really small amount on the current network. I don't know how long that would take, but I suspect rather a long time. Over a year ago, the suggested minimum was 20K, and that was gonna work (then) about a week after eligibility.
If staking is your primary goal, I would highly suggest acquiring more coin. I've been out of the loop too long to even suggest a number. I'm currently building back up to where I think it will work out, and I'm aiming for a minimum of 100K coins.
Thanks for your help @Biomech. Well that at least 20-100k of coins are required indicates that this is only profitable as being an "early bird" buying coins at lowest price as possible. I've tried the same on CoinonatX and staking is working there a lot better. I think the reason is that CoinonatX is very young compared to Hyperstake or Reddcoin I've been trying staking without very much luck as investing too late I think.
Well, two answers to that come to mind
First off, for small amounts, you might store it on BTCpop. that's not an endorsement, as I've not tried it, but they stake the coins regularly, and distribute to all holders. Second one is that you might want to rethink your time preference. It has a very fast staking period when you get sufficient coins, so it can make a pretty steady profit, but it's definitely a long game. What I'm doing is trading it. Not staking and selling, but trading. Buy on the dips, sell on the rise, in layers, and keep a bit with each profit. That builds up a staking stock over a longer period of time. Also, if the market is down for a time, just pull the bulk of your coins to a staking wallet. In time, you'll build up rather a lot. Then, keep doing that because it's profitable, but you'll get to a point where you're only trading on your stakes. While still accumulating. If this strategy looks a lot like a mutual fund, it's because it's the same model.
The short game is hard. Yes, it can make you rich, but it can also make you broke. Diversify. HYP is just one vehicle. Don't limit yourself, even though it's a good one.
In late 2016, I bailed out of crypto. Most of my holdings were liquidated. I'll not go into the reasons, as they're personal, probably boring if you're not living it, and regrettable. I'm rebuilding right now with the above strategy, and I'm doing well. No Lambos in my near future, but I'm not doing badly at all
