Topic: [PND]Pandacoin | First Hybrid Wallet | 5000% Faster Blockchain Download | Instant Sync - page 422. (Read 1358974 times)

so with PND if I have 10,000,000 at the start of the year I'll have 10,250,000 by this time next year?

Doesn't seem like much tbh lol maybe I'm just greedy

You haven't missed out on any. 

PoS will be generated after at least 20 days holding of the coins in your wallet. You don’t need to keep the wallet open all the time. The coin-days accumulated in your wallet will not be lost. The next time when you open the wallet client, the internal miner will start automatically and if the coin holding period meet certain requirements the pos blocks will be generated based on the coin-days in your wallet.

Bear in mind that your coins will not stake at an fixed rate for every block minted (every minute).

You put some of your coins in staking-blocks, you decide the amounts. Every block (every minute), similarly to the mining process where one miner is awarded with a block, every staking-block you put at staking will have a *probability* of generating a reward. This probability rises with the amount of coins you put to stake and with their age (how much time they stake without a reward).
But if yous take over a long time, like a year, you will get the 2,5% stake.

Ah ok, wish I knew this. I've been missing out on thousands of Mintcoins then by not having it open. Damn....

Yes.
This is necessary, because you still secure the network, validating transactions. So it is different from mining because you don't share enormous amounts of hashpower, but by keeping the wallet on, you still contribute to the background crytpwork.

Odd, my mintcoin was open for a week or so and I still haven't received my POS

I'm redownloading it now to doublecheck.

You will need to have it open long enough to satisfy the minimum stake age.

so I have a POS mining question

I bought mintcoin awhile ago and then I loaded my wallet and unlocked it and such and for some reason when I opened it a few weeks ago my income never went up.

So if I want to POS mine my coins, do I need to keep the wallet open at all times? ie- if I want to POS pandacoin I need to leave my computer on, with the wallet open for the next 2 years sorta dealeo?

Thanks.

Proof of Stake Wallet version 2.0.0 is now available! Update your wallet to prepare for the PoS rollout!

Wallet version 2.0.0 is now available on https://github.com/pandacoin-official/pandacoin and as binary.

A few things to consider before updating:

1. You NEED to back up your wallet.dat. The software will automatically do a copy but it's better to be sure.
2. The wallet will take around 10 minutes reindexing so please be patient.
3. The wallet might crash and give an error after importing (Windows 7 has been tested successfully). This is okay - just start the wallet again and you should be good to go.

The wallet is available to download under the following links:
win32 standalone|win32 setup|mac|linux|src

PoS begins from block #136113. There are 138,489,268 PND left to mine before PoS implementation! Download our new Pandacoin (PND) wallet so that you would be ready for the PoS rollout!

Official Pandacoin (PND) Development Team Vision Statement is released

Have a read of our official statement regarding our team's vision for the coin, which direction Pandacoin (PND) is headed and a sneak peak at what developments the community could expect from us in the near future! -->

http://thepandacoin.org/vision.pdf

Simplified Chinese translation: http://thepandacoin.org/vision_cn.pdf
Traditional Chinese translation: http://thepandacoin.org/vision_hk_tw.pdf

Pandacoin (PND) added on Coinpayments!

Pandacoin (PND) has been added towards Coinpayments.net list of supported coins - https://www.coinpayments.net/supported-coins

We are another step closer towards the dev team's vision of having Pandacoin (PND) being used as a widely accepted unit of exchange. This is just the beginning!

PND4PND.com - Pandacoin's (PND) first charity initiative!

So far over 11.1 million Pandacoins (PND) have been donated to http://pnd4pnd.com! It is a unique concept in that all donations made now will be held and only released to the chosen charity organisations on June 1st, 2015.

The charity wallet will be on a transparent and public address, managed by the Pandacoin (PND) development team.

How much do you think the total donation wallet will be worth in a years time? 100k USD? 500k USD? 1 million USD?

Read more about it and the chosen charity organisations here: http://pnd4pnd.com

Help Pandacoin (PND) get on the Cryptsy Exchange by voting!

https://www.cryptsy.com/coinvotes

Join us!

Join us on IRC: #PandacoinPND on freenode.net where the fellow pandas and the dev team hang out! Pop in to say hello and join in on our Pandacoin (PND) related discussions

For the latest news and updates regarding our coin, check out our social media accounts:

Twitter: https://twitter.com/PandacoinPND
Facebook: https://www.facebook.com/Pandacoin.PND
Reddit: http://www.reddit.com/r/PandacoinPND

This.

I feel lucky for getting in this low.
This coin will make history.

what, only 2 days until pos? it's closer than I thought 

Where else do you find an active, friendly and dedicated dev like this?
Nowhere.
Need more PND.

Friendly reminder to update your wallet if you haven't already.

Windows standalone
Windows setup
Mac OSX
GNU/Linux
Source

Exactly two more days to go.

remember to keep your wallets running, so we dont fork up like some dirty quick distribution PoS coin

We are so close to POS!

Never mind the moon we're going to fucking jupiter. 

on the way to freedom from central banking tyranny
pnd helps us get there