Apologies if this is a stupid question that could have been answered by bit more research.
I have a small amount of XBC in my wallet that I'd like to stake as much as possible. Quite often though it's in my useable wallet rather than in the stake bit.
Is there a way to increase the chances of having the wallet have a stake more often so I'm actually gaining off the proof of stake?
Does it just require more XBC in the wallet?
thanks for any help
Yes, the more XBC in your wallet, the more proportional percentage of stake weight you add to the total network weight.
More network weight means more tickets to the stake lotto on the regular.
TBH, you can stake with a fraction of an XBC, but your weight is going to VERY low, and this will cause the stake reward time to take many days, weeks, months...
If you have a sizable amount of XBC in your wallet, lets say 100 XBC, this amount will stake atleast 1-2 times a day on avg...Sometimes more.
I notice the heavy hitter wallets on the explorer only stake about once a week, and they keep their wallets OFFLINE for weeks at a time, build up stake weight and then open their wallet after weeks of them being closed and cash in heavy on the stakes.
Its a strategy that works well with higher balance POS wallets.
Hope this helps,
MasterTrader777
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