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Author Topic: How does coin minting work?  (Read 540 times)
bearcat10
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August 09, 2013, 04:28:06 PM
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Can someone explain me how does coin minting work with pos\pow coins? So when I have some coins in my wallet it just gives me like an interest without doing anything. Or I have to do something for it.
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Magic8Ball
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August 09, 2013, 04:31:37 PM
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You have to unlock the wallet if it is locked. But otherwise just wait.
bearcat10
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August 09, 2013, 04:35:20 PM
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You have to unlock the wallet if it is locked. But otherwise just wait.


And how much can I get with this. What does the amount depend on?
TheSpiral
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August 09, 2013, 04:38:35 PM
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You have to unlock the wallet if it is locked. But otherwise just wait.


And how much can I get with this. What does the amount depend on?
Depends on the coin. It's a % after a certain timeframe. Could be as little as 1% per year or as high as 6% per month.

[Cex.io] - Cheap virtual mining.
Magic8Ball
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August 09, 2013, 04:39:40 PM
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You have to unlock the wallet if it is locked. But otherwise just wait.


And how much can I get with this. What does the amount depend on?

Depends on the interest rate on your coin. The mined coins have to be of the required coin age before they move into stake.
bearcat10
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August 09, 2013, 04:50:22 PM
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Thank you guys. Just one more question: Can I mine in a pool, transfer my money to my wallet and still get interest?
digitalindustry
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August 10, 2013, 09:57:29 AM
 #7

Yes you can friend , they mint where they stay , so picture , the pool has wallet or client in theory if the pool held currency for a long time in thier wallet they would mint .

If you want to mint  you need to just keep the units in your wallet after mining them .

Hope That helps .

- Twitter @Kolin_Quark
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