Latest posts of: FuzzyShibeoushi

Quote from: Woody20285 on July 30, 2016, 12:26:57 AM

Quote from: melbell on July 29, 2016, 09:54:21 PM

I'm in for a long haul. I know its been posted about but can't remember what page. But Can someone explain the details of how to Stake our BRX that we bought?

Open your wallet. Make a BRX address. (Go to receive tab - Click New Address -
On Currency, select Breakout Stake - Lable it so you know it is BRX - Click OK)
Then, download your coins and unlock your wallet. then, wait.

Hi All, first off I wanted to say that while I invested in the ICO and am a little disappointed it has dropped so much I still believe in the project and the road map set forth and hope it will rise organically due to development innovation rather than being just another pump and dump coin. I also understand that any investment is a risk so I expect that there's a high chance the project could fail, but at the same time I also believe that if it succeeds it will reap huge rewards so I'm willing to take that risk. I used this price drop as an opportunity to buy more and bring my average price down.

I am not new to crypto but I am new to staking and have a few questions:

1. As Woody says, do I really need to keep my wallet unlocked? Isn't this a security risk? Can't my coins stake with the wallet locked?

2. At the moment all my coins are in 1 BRX address, does that mean, if I am correct, that I need to wait for 3456 confirmations before they mature and that once they have matured and stake once (earning me 10BRK) I will have to wait for another 3456 confirmations before they stake again? (so I will only get 10BRK every 13 days) Therefore, as someone mentioned before, if I split them into many different addresses I will earn a lot more than if they are in one address? A little confused about this. (e.g. if I only have 1 BRX in an address and it wins the lottery it will still win 10 BRK, while all my other addresses are still either maturing or waiting to win the lottery, and then possibly I could win that lottery every day and get 13x more BRK reward than if they are all in 1 address)

3. Also, if q2 is true and I want to split them in to different addresses my confirmations will have to start from 0 for each of the new addresses, but if I leave a few in my original address will they continue with they number of confirmations they had before i sent the other to new addresses? Or should I wait until this address matures and stakes once before splitting?

4.Do I need to keep my wallet open 24/7 while the confirmations are below 3456, or just when the coins have matured?

Keep up the good work devs! and please try to keep us a little better informed of updates and progress on road map.