Title: How does POS interest really calculates? Post by: koha on July 27, 2015, 12:22:34 AM Hi, hope this post is under the right section..
I need some clarification as I have had mixed messages from actual coin developers regarding hos POS is actually calculated and divided out to the network. 1) Say I have a coin that guarantees 10%pa interest (pure POS). 2) I have 1 million coins in a wallet 3) I should be generating 100K newly minted coins pa (or a bit more if compound) or roughly 270 coins per day. I need to know if say for example 30 people on the network had 1 million coins would we all generate 270 coins per day guaranteed. (dev #1 told me this would happen) or would all 30 people be competing to stake thus making it more difficult to reach 10% pa or 270 coins per day? (dev #2 told me this would happen) I need to know 2 things: a) If POS interest is about competing or depending on who else is generating stake will effect your mint % b) Is their any way of tweaking the code to ensure 10% is generated no matter what the case is and no matter who has network stake generating etc.. Basically the ultimate goal is to ensure everyone on the network can guarantee 10% or any fixed percent thats built into the code. Title: Re: How does POS interest really calculates? Post by: iGotSpots on July 27, 2015, 03:42:44 AM If you're interested in GorillaBucks, it uses a new system completely that is explained well here, as well as tips for staking:
https://www.youtube.com/channel/UCbgUrw-LeZTa2zXnct3rzbw (https://www.youtube.com/channel/UCbgUrw-LeZTa2zXnct3rzbw) If you have questions, feel free to ask on GorillaSocial (http://www.gorillastake.com/social) |