Which block & address does the stake interest go into?
What's the best method for combining the stake interest into new blocks?
thanks
that is the 1600-4000 HYP question
We've been discussing the "best" strategy since page one of this thread, and I do not believe we've arrived at a consensus. I will say what I think best under a couple of different scenarios.
The first one is my strategy, and it's by no means authoritative. The idea behind it is simple enough: I want to have coins staking every day. I have not yet achieved this goal, but that's part of the strategy.
One, get your coins in to about 4 or five blocks, assuming you have in the neighbourhood of 5000 coins. (I started with less and have just got to this point with my most recent stake)
For my example, those coins are in blocks of 1000, which some here will tell you is below the minimum. That argument has merit, so bear in mind this is MY way, not anything official. I'll deal with the other in a minute.
At the beginning of each day, use coin control to send a block of 1K to yourself for 4 days, leaving you with five days of 1K blocks. Starting approximately ten days later, from my experience, these will stake a block each day. As soon as the stake confirms, recombine them into larger blocks (the full amount of the two new blocks). Repeat the cycle until you have five blocks of 1600.
Then, each time you stake ALL blocks and/or you have 1600 coins in change from minting, combine them into blocks a day past your last stake. Keep this up till you reach 28 blocks. Then, each time you stake, recombine until you hit about 4K per block. then you should get a stake every day
The more conservative approach, I suppose, is to combine in to as large of blocks as you can between 1600 and 4000 coins. Again, you probably want to do this over a period of days so that you have a chain of staking blocks, but this will give you a higher chance of staking early in the period. From there, the stategy is still pretty much the same, get as many blocks in a day by day chain as you can, and that gives you a steady income and helps move the chain along for all of us.
