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virtualfaqs
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April 12, 2014, 06:24:39 PM |
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How exactly does the Staking work and do you need to keep the wallet open constantly to get your share? Or can you just open the wallet every now and then and let it update to "your stake"? Is it better to keep it open constantly or it doesn't matter?
You need to keep your wallet open and unlocked to receive compound interest, if you open it just rarely you will get your 1% yearly interest on coins not moved for 8 hours as your stash will have gained "weight" during that time, but you won't benefit from compound interest. Staking earns you money and helps secure the network but I personally would not do it on a Windows platform, but it's just me, I keep my wallets strictly linux, compiled from source. If you keep your wallet open 24/7, you'll get roughly 1.01%. Can anyone confirm you actually have to open your wallet and receive the BC before staking starts? Or does it happen automatically as soon as someone send you BC? You need to open and unlock, the little arrow bottom right reports the current staking status, if it's open but locked says "not staking" or something similar. Ok let's say I have 1000BC - will this be dilluted a lot if I don't "stake"? As far as I know the number of BC coins is increasing all the time? If you don't stake it you will keep having the same 1000 BC after a year, someone else with 1000 BC staking it will have roughly 1010 BC after a year. If you have a constantly up device with network connectivity staking is a good idea otherwise only worth it if you have a serious amount and care about the compound interest. I was under the impression you would still get that 1% as soon as you sync up and your next rewards process regardless of how long you kept your wallet closed. |
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KingSchultz
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April 12, 2014, 06:25:09 PM |
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If you don't stake it you will keep having the same 1000 BC after a year, someone else with 1000 BC staking it will have roughly 1010 BC after a year. If you have a constantly up device with network connectivity staking is a good idea otherwise only worth it if you have a serious amount and care about the compound interest.
And of course, it helps secure the network to stake.  |
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lonely@thetop
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April 12, 2014, 06:27:41 PM |
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How exactly does the Staking work and do you need to keep the wallet open constantly to get your share? Or can you just open the wallet every now and then and let it update to "your stake"? Is it better to keep it open constantly or it doesn't matter?
You need to keep your wallet open and unlocked to receive compound interest, if you open it just rarely you will get your 1% yearly interest on coins not moved for 8 hours as your stash will have gained "weight" during that time, but you won't benefit from compound interest. Staking earns you money and helps secure the network but I personally would not do it on a Windows platform, but it's just me, I keep my wallets strictly linux, compiled from source. If you keep your wallet open 24/7, you'll get roughly 1.01%. Can anyone confirm you actually have to open your wallet and receive the BC before staking starts? Or does it happen automatically as soon as someone send you BC? You need to open and unlock, the little arrow bottom right reports the current staking status, if it's open but locked says "not staking" or something similar. Ok let's say I have 1000BC - will this be dilluted a lot if I don't "stake"? As far as I know the number of BC coins is increasing all the time? If you don't stake it you will keep having the same 1000 BC after a year, someone else with 1000 BC staking it will have roughly 1010 BC after a year. If you have a constantly up device with network connectivity staking is a good idea otherwise only worth it if you have a serious amount and care about the compound interest. I was under the impression you would still get that 1% as soon as you sync up and your next rewards process regardless of how long you kept your wallet closed. Yes, that is the case apologies if it sounded confusing |
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jamieb81
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April 12, 2014, 06:28:48 PM |
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I have to say MOOLAH support rocks, I've sent them my documents to get verified, and got answer back in 5 minutes that I was accepted !
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virtualfaqs
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April 12, 2014, 06:29:31 PM |
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If you don't stake it you will keep having the same 1000 BC after a year, someone else with 1000 BC staking it will have roughly 1010 BC after a year. If you have a constantly up device with network connectivity staking is a good idea otherwise only worth it if you have a serious amount and care about the compound interest.
And of course, it helps secure the network to stake. So it's more like 1010 for non-staker and 1010.1 for the staker I think. |
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lonely@thetop
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April 12, 2014, 06:29:35 PM |
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If you don't stake it you will keep having the same 1000 BC after a year, someone else with 1000 BC staking it will have roughly 1010 BC after a year. If you have a constantly up device with network connectivity staking is a good idea otherwise only worth it if you have a serious amount and care about the compound interest.
And of course, it helps secure the network to stake. Indeed, and we need that. Did I read somewhere that Cryptsy is staking BC? If cryptsy were scumbag steve exchange and had 51% of all staked coins at a given time they could attempt a double spend attack. But... it's highly unlikely, so no panic needed. |
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btcprice
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April 12, 2014, 06:29:59 PM |
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Hash rate for scrypt a few hours ago was around 3000 MH/s. Now, at http://blackcoinpool.com/ it's at 4456.53 MH/s. That big jump in price caused some miners to notice so the hash speed will only go up. That will cause BC price to go up and then we just have one feeding the other to higher BC prices. |
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lonely@thetop
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April 12, 2014, 06:31:16 PM |
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If you don't stake it you will keep having the same 1000 BC after a year, someone else with 1000 BC staking it will have roughly 1010 BC after a year. If you have a constantly up device with network connectivity staking is a good idea otherwise only worth it if you have a serious amount and care about the compound interest.
And of course, it helps secure the network to stake. So it's more like 1010 for non-staker and 1010.1 for the staker I think. Non staker (someone who never unlocks his wallet) will never get any additional BC so it'll keep being 1000. Now, if he decides to stake at least for a short while this will, over some short period turn into 1010.... |
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virtualfaqs
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April 12, 2014, 06:33:25 PM |
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If you don't stake it you will keep having the same 1000 BC after a year, someone else with 1000 BC staking it will have roughly 1010 BC after a year. If you have a constantly up device with network connectivity staking is a good idea otherwise only worth it if you have a serious amount and care about the compound interest.
And of course, it helps secure the network to stake. So it's more like 1010 for non-staker and 1010.1 for the staker I think. Non staker (someone who never unlocks his wallet) will never get any additional BC so it'll keep being 1000. Now, if he decides to stake at least for a short while this will, over some short period turn into 1010.... That short period is like roughly 24 hours right? |
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crypto.ct
Newbie
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Activity: 7
Merit: 0
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April 12, 2014, 06:36:38 PM |
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I bought BC when it was 0.00005000 BTC in mid march now its more than 3 times of the price I bought !!!!!
Do you recommend holding it?
Yes i recommed holding it. I got it at that price too. I just keep buying more. Whenever I get more cash I buy more blackcoin. I dont hesistate. Its the best coin and its direction is up. This isnt a pump its a correction. Anyone who sells is nuts. This is not a pump+dump coin its a pump coin. Its an up coin. The reason I asked this is that everytime I buy a coin(no offence to BC) its been pump and dump ! It happened for me when I got dogecoin at the price of 80 Satoshi and kept buying at the rates of 140, 180, 210! everyone told me to just hold it and right now is 100 stoshi. It happened for AUR as well before the air drop and now.... Maybe in a couple of years all of them will go up like Bitcoin who knows but again if I want to hold a coin Im looking for something with a future not just a short period of time they come and disappear ! I hope BC will have the future everyones looking for  |
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lonely@thetop
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April 12, 2014, 06:37:34 PM |
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If you don't stake it you will keep having the same 1000 BC after a year, someone else with 1000 BC staking it will have roughly 1010 BC after a year. If you have a constantly up device with network connectivity staking is a good idea otherwise only worth it if you have a serious amount and care about the compound interest.
And of course, it helps secure the network to stake. So it's more like 1010 for non-staker and 1010.1 for the staker I think. Non staker (someone who never unlocks his wallet) will never get any additional BC so it'll keep being 1000. Now, if he decides to stake at least for a short while this will, over some short period turn into 1010.... That short period is like roughly 24 hours right? Not 100% sure but, having not staked for a long while I received my 2 month worth of interest within an hour of staking, so you're most likely right. |
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virtualfaqs
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April 12, 2014, 06:40:09 PM |
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I bought BC when it was 0.00005000 BTC in mid march now its more than 3 times of the price I bought !!!!!
Do you recommend holding it?
Yes i recommed holding it. I got it at that price too. I just keep buying more. Whenever I get more cash I buy more blackcoin. I dont hesistate. Its the best coin and its direction is up. This isnt a pump its a correction. Anyone who sells is nuts. This is not a pump+dump coin its a pump coin. Its an up coin. The reason I asked this is that everytime I buy a coin(no offence to BC) its been pump and dump ! It happened for me when I got dogecoin at the price of 80 Satoshi and kept buying at the rates of 140, 180, 210! everyone told me to just hold it and right now is 100 stoshi. It happened for AUR as well before the air drop and now.... Maybe in a couple of years all of them will go up like Bitcoin who knows but again if I want to hold a coin Im looking for something with a future not just a short period of time they come and disappear ! I hope BC will have the future everyones looking for We are completely different from dogecoin or AUR. Dogecoin has 5% coin supply increase permanently. If it did not, I would have bought some. But the developer chose to this. I don't have a problem with that, but this probably kept it from surging in value. That's exactly the reason he did that. AUR - citizens need the money so they all sold. Free money? Why wait if you have no interest in crypto. Actually I heard if you sold before airdrop, you would be fine. Didn't it go from $11 to $17 then after airdrop to $2? |
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NutMasterTardd
Legendary
Offline
Activity: 1512
Merit: 1015
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April 12, 2014, 06:43:28 PM |
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I bought BC when it was 0.00005000 BTC in mid march now its more than 3 times of the price I bought !!!!!
Do you recommend holding it?
Yes i recommed holding it. I got it at that price too. I just keep buying more. Whenever I get more cash I buy more blackcoin. I dont hesistate. Its the best coin and its direction is up. This isnt a pump its a correction. Anyone who sells is nuts. This is not a pump+dump coin its a pump coin. Its an up coin. The reason I asked this is that everytime I buy a coin(no offence to BC) its been pump and dump ! It happened for me when I got dogecoin at the price of 80 Satoshi and kept buying at the rates of 140, 180, 210! everyone told me to just hold it and right now is 100 stoshi. It happened for AUR as well before the air drop and now.... Maybe in a couple of years all of them will go up like Bitcoin who knows but again if I want to hold a coin Im looking for something with a future not just a short period of time they come and disappear ! I hope BC will have the future everyones looking for We are completely different from dogecoin or AUR. Dogecoin has 5% coin supply increase permanently. If it did not, I would have bought some. But the developer chose to this. I don't have a problem with that, but this probably kept it from surging in value. That's exactly the reason he did that. AUR - citizens need the money so they all sold. Free money? Why wait if you have no interest in crypto. Actually I heard if you sold before airdrop, you would be fine. Didn't it go from $11 to $17 then after airdrop to $2? +1 and $4 to $92 then $2 lol |
GEO, RLC & QRL.
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blade87
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April 12, 2014, 06:45:53 PM |
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AUR, 50% premined. Do not care. Had AUR done a 0% premine, and mined only airdrop, maybe things would have been different? I don't know. Can't say. But 50% premine has ruined that coin. When there is too much uncertainty for potential investment groups as to where the coin is (especially a significant amount that took zero effort to obtain), investment groups just aren't going to invest. I hope BC has set the example that any premine is not needed for a coin to be successful. All you need is a something truly breakthrough for the crypto community. BC's idea, as simple as it may be, is genius and its price movement since inception is proof. |
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cryptozaurus
Member
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Activity: 83
Merit: 10
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April 12, 2014, 06:49:06 PM |
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THE NEXT STEP:Finally the news from Coinkite, the press release and everything else is hitting home and having it's effect on the price of BlackCoin. However this is just a small step for us, we aim to be the next big crypto currency out there and a $ 5 million marketcap is -nothing-. However, to keep momentum going we need YOU to help us out! We want to get added to more Point of Sale systems and also Payment Processors so MORE MERCHANTS can join BlackCoin in it's rise to stardom. One of the bigger names in this space is Moolah, these guys have things brewing that will amaze the Crypto Community and we would like to be a part of that. Today Moolah reached out to us, if we reach 50 BTC in trading volume over a 24 hour period we will get added to ALL their services the SAME DAY. 50 BTC is not much seeing as we have traded over 1200 BTC in the past 24 hours on MintPal alone. You can make this happen! Read: https://twitter.com/moolah_io/status/455010709479620608Now:Signup at http://www.prelude.ioSent over some BC or BTC Go trade. They also have USD markets! https://www.prelude.io/trade/usd/bcWe are at about 1.5 BTC as of this post. Please make this happen, even if you loose a little BC or BTC in the trades, your worth will go up by your help! GO GO GO Thanks, volume is growing slowly, let's make a wave ppl! Just registered. +1 I'll give it a try too! |
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jiosefjd
Member
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Activity: 70
Merit: 10
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April 12, 2014, 06:49:24 PM |
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Almost 6 BTC of volume on Moolah now. Took only an hour or so to quadruple. Keep it up!
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crypto.ct
Newbie
Offline
Activity: 7
Merit: 0
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April 12, 2014, 06:50:21 PM |
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I bought BC when it was 0.00005000 BTC in mid march now its more than 3 times of the price I bought !!!!!
Do you recommend holding it?
Yes i recommed holding it. I got it at that price too. I just keep buying more. Whenever I get more cash I buy more blackcoin. I dont hesistate. Its the best coin and its direction is up. This isnt a pump its a correction. Anyone who sells is nuts. This is not a pump+dump coin its a pump coin. Its an up coin. The reason I asked this is that everytime I buy a coin(no offence to BC) its been pump and dump ! It happened for me when I got dogecoin at the price of 80 Satoshi and kept buying at the rates of 140, 180, 210! everyone told me to just hold it and right now is 100 stoshi. It happened for AUR as well before the air drop and now.... Maybe in a couple of years all of them will go up like Bitcoin who knows but again if I want to hold a coin Im looking for something with a future not just a short period of time they come and disappear ! I hope BC will have the future everyones looking for We are completely different from dogecoin or AUR. Dogecoin has 5% coin supply increase permanently. If it did not, I would have bought some. But the developer chose to this. I don't have a problem with that, but this probably kept it from surging in value. That's exactly the reason he did that. AUR - citizens need the money so they all sold. Free money? Why wait if you have no interest in crypto. Actually I heard if you sold before airdrop, you would be fine. Didn't it go from $11 to $17 then after airdrop to $2? +1, I sold all my AUR a week after the air drop and lost some BTC however I don't trade day to day and like to keep a coin that has future in it. |
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TheGift73
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April 12, 2014, 06:59:49 PM |
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Awesome BTC Volume  |
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zeta93
Newbie
Offline
Activity: 42
Merit: 0
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April 12, 2014, 07:05:47 PM |
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I bought BC when it was 0.00005000 BTC in mid march now its more than 3 times of the price I bought !!!!!
Do you recommend holding it?
Yes i recommed holding it. I got it at that price too. I just keep buying more. Whenever I get more cash I buy more blackcoin. I dont hesistate. Its the best coin and its direction is up. This isnt a pump its a correction. Anyone who sells is nuts. This is not a pump+dump coin its a pump coin. Its an up coin. The reason I asked this is that everytime I buy a coin(no offence to BC) its been pump and dump ! It happened for me when I got dogecoin at the price of 80 Satoshi and kept buying at the rates of 140, 180, 210! everyone told me to just hold it and right now is 100 stoshi. It happened for AUR as well before the air drop and now.... Maybe in a couple of years all of them will go up like Bitcoin who knows but again if I want to hold a coin Im looking for something with a future not just a short period of time they come and disappear ! I hope BC will have the future everyones looking for do you think realy there is a future in digital codes, wake up all coins are pump and dump don't dream, take your profit when you can and run |
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dzonikg28
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April 12, 2014, 07:06:37 PM |
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I bought BC when it was 0.00005000 BTC in mid march now its more than 3 times of the price I bought !!!!!
Do you recommend holding it?
Yes i recommed holding it. I got it at that price too. I just keep buying more. Whenever I get more cash I buy more blackcoin. I dont hesistate. Its the best coin and its direction is up. This isnt a pump its a correction. Anyone who sells is nuts. This is not a pump+dump coin its a pump coin. Its an up coin. The reason I asked this is that everytime I buy a coin(no offence to BC) its been pump and dump ! It happened for me when I got dogecoin at the price of 80 Satoshi and kept buying at the rates of 140, 180, 210! everyone told me to just hold it and right now is 100 stoshi. It happened for AUR as well before the air drop and now.... Maybe in a couple of years all of them will go up like Bitcoin who knows but again if I want to hold a coin Im looking for something with a future not just a short period of time they come and disappear ! I hope BC will have the future everyones looking for No offence but you should use your brain ...Aura was 50% premine..U should no that when than 50% air drops price would fall like knife ...Doge has huge inflation..its 70 bilion alleradu of 100 bilion |
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