Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico - page 281. (Read 446060 times)

Quote from: ofeefee on May 26, 2014, 06:08:05 PM

Guys, i have 500 coins, how do i start staking?

make sure you wallet is unlocked and leave the coins in the wallet. it'll mint new coins eventually (don't move them around).

What do you mean by unlocked? Do i have to keep my wallet open 24/7?

if your wallet is encrypted, unlock it. it's not necessary to keep the wallet open 24/7 as the blockchain will move without it being open, so when you open your wallet, it will sync up and populate any changes directly from the blockchain.

So i deposit coins into my wallet, keep the coins in there and every 30 days i open up the wallet to get my coins, and repeat?

Not quite that regular, and you'd raise your chances by being connected. After thirty(ish) days you'll go to stake. I've staked once now, and it was at 38 days. But it was a very small amount of coin. Bigger wallets raise the stakes, pun intended. It's also a good idea, if you want the payout to be regular, to send the whole balance that you're attempting to stake to yourself. Makes one consolidated block of coins to stake instead of a bunch of small ones.
The staking function works well in TEK, unlike most PoS coins. It takes a while, but it has a high return.

presstab

legendary

Activity: 1330

Merit: 1000

Blockchain Developer

love this coin, wish I had more Sad

I do too. Right now I am receiving a nice lesson with patience. Pretty much planning on compounding most of my stake.

ofeefee

legendary

Activity: 1023

Merit: 1001

Tokenize Fantasy Sports

love this coin, wish I had more Sad

thundertoe

legendary

Activity: 938

Merit: 1000

a good volume day, the trend has been very steady, gradually building.

presstab

legendary

Activity: 1330

Merit: 1000

Blockchain Developer

Quote from: armin22 on May 26, 2014, 11:04:04 AM

Quote from: armin22 on May 26, 2014, 11:04:04 AM

Guys, i have 500 coins, how do i start staking?

make sure you wallet is unlocked and leave the coins in the wallet. it'll mint new coins eventually (don't move them around).

What do you mean by unlocked? Do i have to keep my wallet open 24/7?

if your wallet is encrypted, unlock it. it's not necessary to keep the wallet open 24/7 as the blockchain will move without it being open, so when you open your wallet, it will sync up and populate any changes directly from the blockchain.

So i deposit coins into my wallet, keep the coins in there and every 30 days i open up the wallet to get my coins, and repeat?

This is the general idea. There are other considerations too though. The coins don't immediately stake after 30 days. They are simply eligible for stake. This means that your blocks will be competing with other blocks to be selected to stake. The longer you keep your wallet open at a time and the older your coins are, the more likely that you will stake.

raskul

sr. member

Activity: 434

Merit: 250

Guys, i have 500 coins, how do i start staking?

make sure you wallet is unlocked and leave the coins in the wallet. it'll mint new coins eventually (don't move them around).

What do you mean by unlocked? Do i have to keep my wallet open 24/7?

if your wallet is encrypted, unlock it. it's not necessary to keep the wallet open 24/7 as the blockchain will move without it being open, so when you open your wallet, it will sync up and populate any changes directly from the blockchain.

So i deposit coins into my wallet, keep the coins in there and every 30 days i open up the wallet to get my coins, and repeat?

i suppose you can do it that way, yes. I like to keep my PoS wallets open and unlocked, just to make sure i'm not missing anything - but that's just my OCD Grin

armin22

sr. member

Activity: 252

Merit: 250

Guys, i have 500 coins, how do i start staking?

make sure you wallet is unlocked and leave the coins in the wallet. it'll mint new coins eventually (don't move them around).

What do you mean by unlocked? Do i have to keep my wallet open 24/7?

if your wallet is encrypted, unlock it. it's not necessary to keep the wallet open 24/7 as the blockchain will move without it being open, so when you open your wallet, it will sync up and populate any changes directly from the blockchain.

So i deposit coins into my wallet, keep the coins in there and every 30 days i open up the wallet to get my coins, and repeat?

HunterS

hero member

Activity: 644

Merit: 500

Guys, i have 500 coins, how do i start staking?

make sure you wallet is unlocked and leave the coins in the wallet. it'll mint new coins eventually (don't move them around).

What do you mean by unlocked? Do i have to keep my wallet open 24/7?

they wont start staking untill they have been in your wallet for more than 30 days.did u read OP.it tells u everything u need to know

raskul

sr. member

Activity: 434

Merit: 250

Quote from: darlidada on May 25, 2014, 06:11:17 AM

Guys, i have 500 coins, how do i start staking?

make sure you wallet is unlocked and leave the coins in the wallet. it'll mint new coins eventually (don't move them around).

What do you mean by unlocked? Do i have to keep my wallet open 24/7?

if your wallet is encrypted, unlock it. it's not necessary to keep the wallet open 24/7 as the blockchain will move without it being open, so when you open your wallet, it will sync up and populate any changes directly from the blockchain.

laodi2014

jr. member

Activity: 59

Merit: 10

WTS 4668 TEK 2BTC.

We can escrow.

If we add to some list, I will keep voting.

armin22

sr. member

Activity: 252

Merit: 250

Guys, i have 500 coins, how do i start staking?

make sure you wallet is unlocked and leave the coins in the wallet. it'll mint new coins eventually (don't move them around).

What do you mean by unlocked? Do i have to keep my wallet open 24/7?

raskul

sr. member

Activity: 434

Merit: 250