I have another question ! Can anyone explain me in more detail what is DMD cloudmining ? Also, I am surprised about something: once I minted for the first time, my wallet got a transaction of some DMD coming in, thus making minting impossible for 7 days because the new coins were not mature... Apparently, older coins cannot just keep minting... All coins must be mature... So if I receive a transaction, I must wait 7days again. Am I right ?
If I could have a detailed answer for my first question and a simple one for the second, it would be great
! Thx!
If you send a coin out of his wallet to any address, then you have to wait 7 days before you can receive dividends (Mining mode Pos) This is true, since the sale of your coins for a while depriving you of income.
This can be compared with the of short-term deposits in the bank. If you take your contribution at earlier than the allotted time, you lose all interest thereon.
I believe my question lacked precision. What I meant is that the amount newly arrived thx to the minting (the result of the minting) prevented me from minting for 7days because newly arrived coins weren't mature. Why can't minting continue with the rest of coins wich stay on my wallet and have been there for a month ?
hmm how i explain it......
lets say ur wallet is a real wallet
u have in ur wallet
a 5 dollar coin age 1 day
a 2 dollar coin age 2 day
a 1 dollar coin age 30 days
the age is how long the coin is in ur wallet "untouched"
now someone give u another 1 dollar coin
ur wallet locks like that
a 5 dollar coin age 1 day
a 2 dollar coin age 2 day
a 1 dollar coin age 30 days
a 1 dollar coin age 0 day
as u can see the other coins dont lose age.....
now lets say u wana give someone 2 dollar
what coins u touch to destroy the lowest amount of coin age
lets compare the posibilities
if we touch the 5 dollar coin age 1 day we destroy 5 days coin age after the transaction we would have 3 dollar coin with 0 days coin age the rest of wallet is untouched
if we touch the 2 dollar coin age 2 days we destroy 4 days coin age
if we touch the 1 dollar coin age 30 and the 1 dollar coin age 0 we would destroy 30 days coin age
so we choose to give the 2 dollar coin away and the wallet look like this again we can see untouched coins dont lose their coin-age
a 5 dollar coin age 1 day
a 1 dollar coin age 30 days
a 1 dollar coin age 0 day
now lets say we POS successfull and the 1 dollar coin with coin age 30 days earns 10 cent POS reward
we need to touch the 1 dollar coin move it in "stake" mode it lose all coin-age once stake mode ends wallet looks like this
a 5 dollar coin age 1 day
a 1 dollar coin age 0 day
a 1.1 dollar coin age 0 days
as u can see the 5 dollar coin still own its coin age because in all the wallet operations we did until yet it didnt get touched
hope this help ya understand how it works
if ya wana see this coin pile im talking about activate in settings options display coin control
and if ya then go into "send coin" tab u see "inputs"
there u can see the coin piles of ur wallet and how old each pile is (date since it is untouched)
more details about POS here:
http://bit.diamonds/community/index.php/topic,46.msg376.html#msg376ok i guess i need a last example to describe anther case
3 days later our wallet look like that
a 5 dollar coin age 4 day
a 1 dollar coin age 3 day
a 1.1 dollar coin age 3 day
and u need give 10 cent to someone
the result will be this
a 5 dollar coin age 4 day
a 1 dollar coin age 3 daya 1.1 dollar coin age 3 day
a 0.9 dollar coin age 0 day (change returned)
it was the lowest possible amount of destroyed coin age to select the 1 dollar coin
but still the leftover 90 cent lost their coin-age because the coin was "touched" = involved in a transaction