PPC stake mining, Worth it. | Bitcointalksearch.org

muto

sr. member

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Quote from: i3lome on September 26, 2013, 05:03:13 PM

Quote from: Zalfrin on September 26, 2013, 04:54:24 PM

I have 1500 acquired from mid June-July. My first POS was a month later, and they've been slowly trickling in since then. So far, 2.27 have been generated by stake.

Not impressive right now, but better than nothing I suppose.

Thank you, that answered my question. I was gonna stake abour 3 btc worth of ppc and see what I come out with. Don't seem it would be worth putting thtat much coin up for low return.

Well, PoS minting is not worth letting a PC run 24/7 for most people. It's worth it, when you either have 100-200k+ PPC or the PC would run anyway.

But: As tacotime suggested, you could wait for your coins to gather maximum coinage (90 days) and the run the wallet for a few days. You will generate lots of block in these days. Than wait for 90 days again and repeat. You won't gather that much PoS as you would running the wallet 24/7, but it's much more effective.

Edit: AND you help to protect the network when you are mining PoS blocks. That's a big benefit for me.

tacotime

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I keep a a copy of my wallet unencrypted with external encryption as well as an encrypted copy. Every 90 days (when PoS peaks and can't get any larger in terms of coinage opportunity) I decrypt the unencrypted wallet and generate some PPC. The inflation rate for PPC is 1% or about 0.25% per 90 days.

i3lome

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Quote from: Zalfrin on September 26, 2013, 04:54:24 PM

I have 1500 acquired from mid June-July. My first POS was a month later, and they've been slowly trickling in since then. So far, 2.27 have been generated by stake.

Not impressive right now, but better than nothing I suppose.

Thank you, that answered my question. I was gonna stake abour 3 btc worth of ppc and see what I come out with. Don't seem it would be worth putting thtat much coin up for low return.

Zalfrin

sr. member

Activity: 401

Merit: 250

I have 1500 acquired from mid June-July. My first POS was a month later, and they've been slowly trickling in since then. So far, 2.27 have been generated by stake.

Not impressive right now, but better than nothing I suppose.

i3lome

full member

Activity: 210

Merit: 100

Alright, I think I get the function of PoS, but is it worth it.

What if I have 2000 in the reserve, what type of return am I looking at

pmconrad

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Quote from: cryptohunter on September 26, 2013, 08:33:25 AM

some people have said pos coins can be generated even if the wallet is not left running?

no, you have to keep it running to generate PoS blocks with the associated "interest".
However, you don't need to keep it running all the time. Coins accumulate coin-age even if the wallet is not running, and they need a certain minimum age before they can be used in creating a PoS block.

Quote from: cryptohunter on September 26, 2013, 08:33:25 AM

does the wallet need to be left running or even if it was closed for a few years will you open it to find interest added coins?

No, that's not how it works (see above). Coins accumulate age (no running wallet required). The accumulated coin-age can be used in PoS-mining a block (running wallet required), which will generate "interest". The age is capped though, so you should run your wallet every two months or so.

Quote from: cryptohunter on September 26, 2013, 08:33:25 AM

also if the wallet is locked? what happens? the coins are generated but can't be added to the wallet until unlocked or the coins are not even generated?

PoS mining does not happen while the wallet is locked.

lukemarshall

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Quote from: cryptohunter on September 26, 2013, 08:33:25 AM

some people have said pos coins can be generated even if the wallet is not left running? does the wallet need to be left running or even if it was closed for a few years will you open it to find interest added coins?
also if the wallet is locked? what happens? the coins are generated but can't be added to the wallet until unlocked or the coins are not even generated?

POS coins can not be generated whilst the client is not running, the client will have to broadcast a POS block to the network so no connection = no broadcast.

POS blocks will generate from an unencrypted wallet if the coin age/amount will warrent a block.

No POS coins are generated when the wallet is locked, You must unlock it for minting.

After encrytpting your wallet, you must create a bat file i.e. in the link I provided, enter your wallet passphrase to unlock it for minting purposes.

cryptohunter

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

some people have said pos coins can be generated even if the wallet is not left running? does the wallet need to be left running or even if it was closed for a few years will you open it to find interest added coins?
also if the wallet is locked? what happens? the coins are generated but can't be added to the wallet until unlocked or the coins are not even generated?

muto

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Activity: 457

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1. When you wallet is locked, you are not able to mint PoS blocks.

2. You do not set Coins in stake. They are in stage for 450 blocks after they mined a block.

lukemarshall

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https://bitcointalksearch.org/topic/ppcoin-proof-of-stake-minting-setup-guide-187714

i3lome

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I have seen the tutorial and I think I can set it up.

1. After locking the Ppc Wallet and setting the reserve, Do you continue to mine like normal.

2. Say I stake 2000 Ppc, how long would I expect to produce a stake. Not sure of the terms, also what type of return would I be looking to see

Topic: PPC stake mining, Worth it. (Read 1172 times)