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I heard that staking 5000 btcd will make you 1btc per day. Is this correct?
5000 BTCD will get you 1 BTCD if you stake them properly.
Clarify on the "stake them properly part" please
Big James's post:
How to maximize your staking income
The staking is a bit tricky. After you wait for the coins to start staking, you will notice that when you do get a "mining" tx coming in, then your power is reduced temporarily. I havent dug into all the details, but the following is a practical way to minimize the downtime.
You need to make N addresses, make sure to backup the wallet after you do this as this generates new private keys, so an old backup wont have them all.
Make sure you enable the "display coin control" option in preferences
Now comes the tricky part. Most of you probably have all your precious in a single address. This means that whenever you get a new block, you have to wait. So, we need to spread the balance evenly to the N addresses. To do this, you need to control the inputs, so do a send to your first new address and to do this you need to click the inputs button on the send dialog.
Select your big account as the input. Now when you send you will have to wait a block or two until your big address gets the change.
Keep doing this until all your addresses have approx the same number of coins.
You will have to wait a while before they kick into gear, but when they do, what happens is that only a fraction of your power goes offline when you get a block!
So if you split into 10 addresses, you lose 10% power for a bit. Not sure the full recovery time, but it seems to take a few hours, so the optimum number of addresses is based on how long on average you will get a block. Of course, if you have the time and patience to do this, you could just split it up into 100 accts and then only 1% goes into recovery phase at a time, but that is only worth it if you are a BTCD whale
James
The staking is a bit tricky. After you wait for the coins to start staking, you will notice that when you do get a "mining" tx coming in, then your power is reduced temporarily. I havent dug into all the details, but the following is a practical way to minimize the downtime.
You need to make N addresses, make sure to backup the wallet after you do this as this generates new private keys, so an old backup wont have them all.
Make sure you enable the "display coin control" option in preferences
Now comes the tricky part. Most of you probably have all your precious in a single address. This means that whenever you get a new block, you have to wait. So, we need to spread the balance evenly to the N addresses. To do this, you need to control the inputs, so do a send to your first new address and to do this you need to click the inputs button on the send dialog.
Select your big account as the input. Now when you send you will have to wait a block or two until your big address gets the change.
Keep doing this until all your addresses have approx the same number of coins.
You will have to wait a while before they kick into gear, but when they do, what happens is that only a fraction of your power goes offline when you get a block!
So if you split into 10 addresses, you lose 10% power for a bit. Not sure the full recovery time, but it seems to take a few hours, so the optimum number of addresses is based on how long on average you will get a block. Of course, if you have the time and patience to do this, you could just split it up into 100 accts and then only 1% goes into recovery phase at a time, but that is only worth it if you are a BTCD whale
James
