I tried searching for this info, but this spec of SYNC appears to be hidden, I could not find it, so I hope someone here can answer:
I bought about 2 SYNC (and will buy more, money permitting) since I like to get interest from staking.
However, I have no idea *how much* reward staking is giving.
My 2 SYNC staked within a few hours from the min age of 6 hours, but only delivered 0.0012 SYNC reward.
Is this reward fixed or variable and what determines the size?
I understand the staking, Coin Control and splitting my 2 SYNC into multiple inputs,
since I have been active with ORB for a long time, which was the first coin with Staking rewards.
Calculating based on this one time event, SYNC pays a little less interest than ORB, so I need to decide where to go next.
I read in the SYNC spec that block reward is 0.14 SYNC but that is obviously not true for PoS blocks,
unless it has halved already so many times in the mean time that it now is at 0.0012?
Thanks for any pointers!
It was intended to be 1 % per annum (uncompounded, haven't calculated the compounded rate), but was raised to 100 percent for a time and is now stepping down back to 1% The time frame is here in the thread, but I don't recall it right now. I do know that we either just did or are just about to go to 50%. Without running a calc, you're return sounds about right.
hi guys, as pow Ends - the only way blockchain could move was by staking - but in the beginning there are not enough People that stake their coins - so it was decided to go to 100% staking - to interest more People in staking so the blockchain could move faster then we all know a slow coin is annoying
we often see this on btc - NOW a lot of People are staking and interested in this coin - BUT we should think about that every stake means MORE coins at the end - but we still want to have a rare coin to be divided from other coins (beside all the other Advantages this coin have)
so there was a decision to Change this high interest-rate that is no more needed - this lowering of the interest-rate is good PR in think - you have to get in there quick to paeticipate on the higher interest rate and thats what i read
People get busy in coming in ...
the first halving from 100 to 50 was at block block 86400, and after that every 43200 blocks which means about every 30 days but it is not linked to the days it is linked to the block
nice weekend
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