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Title: How Proof of Stake actually work? Post by: puremage111 on June 24, 2017, 05:21:07 AM Alright Lets say
I have 100,000 of ABC coin, it has a 5% POS P.A People said that put your wallet online as much as possible. Basically i can expect 1 year later, i would end up with 105,000 Coin right? Situation 1) Put my wallet on 24/7, i can expect 105,000 Coin right? 2) Lets say i only on my wallet for 1 hour a day, i will only earn the 5% For the 1hour per day? 3) If i have 100,000 Coin, Jack has 1,000,000 Coin, POS rate is 5%, We both put our wallet 24/7 online. Does his total coin affect the stake i would be getting? 4) Basically in order to earn 5% POS, i would need to put my wallet on 24hour? Or what would be the optimal duration to run my wallet per day? Thanks Title: Re: How Proof of Stake actually work? Post by: PremiumPumps on June 24, 2017, 01:56:54 PM It really depends on the coin.
Some coins require you to deposit the coins permanently for a time period such as a year. In this sort of POS,` you will not be able to move your coins at all. However, these have guaranteed earnings such as 5%. Another more common time of POS is you have to leave your wallet online as much as possible. There is no optimum time, the longer time you leave your wallet running, the higher chance you have of staking coins. For these coins, there is no guarantee percentage, it depends in luck, the amount of coin you have and how long you leave the wallet running. If Jack has more coins than you, your chances of earning are decreased, IF you are talking about the type of POS where there is no guarantee percentage earning. Title: Re: How Proof of Stake actually work? Post by: Ayers on June 24, 2017, 02:52:59 PM Alright Lets say I have 100,000 of ABC coin, it has a 5% POS P.A People said that put your wallet online as much as possible. Basically i can expect 1 year later, i would end up with 105,000 Coin right? Situation 1) Put my wallet on 24/7, i can expect 105,000 Coin right? 2) Lets say i only on my wallet for 1 hour a day, i will only earn the 5% For the 1hour per day? 3) If i have 100,000 Coin, Jack has 1,000,000 Coin, POS rate is 5%, We both put our wallet 24/7 online. Does his total coin affect the stake i would be getting? 4) Basically in order to earn 5% POS, i would need to put my wallet on 24hour? Or what would be the optimal duration to run my wallet per day? Thanks no it does not work like that, first all the interest are per year, so 5% per year, mean 5%/365 per day, which is very small, the best coin have 100% per year, so after oen day you earn 5%/365 do the math of this it's easy, some coin can mine i remmeber without leaving the wallet open all the time |