[ANN][GB] $ GreenBacks $ ~ A Complete Currency & Infrastructure ~

[ChrisLandin]

Pos minting is like pow mining. It takes time to stake / mine

Just be patient and it will come, your weight will be quite low so when that builds you will start to see stakes.

Your weight is determined by coin age and amount of coins held I think.

So with your 150 coins as opposed to my 20000 I would potentially stake faster than you

[Sjacmur]

156 coin its very low number.
Click mouse button on Green arrow icon and you can see how many time you need to stake some coin.
No need have coins in point "A " on your screen. They can be in Balance but it working, only you need have "unlock" wallet. Green arrow sugest that your coin already stake.
But with 156 coin you can wait many hours to take anything. Stake is 10% on YEAR. So 156 coin  x 10% its 15 coin on one year so I dont think its have sense.

[Splatters]

Omg what a rise!  Amazing.  More than +200%

[Sjacmur]

I think its a pump.
No important news and price 200% up.
When 2 x 3BTC Bid wall from 633s & 480s dissapear its sign dump.
Or maybe I am wrong and too da moon I have some GB so I prefer to da moon ofc

[infazan]

Up - https://twitter.com/Anti_Pump/status/523774291373203456

[microsurfer]

Even if it is a pump, we are talking about a coin that some days ago was at 3000+ satoshis with no spotlight at all. Finally it become a known coin, that means even if it is a pump it will be over 3k!

[Golstrim]

I think its a pump.

All altcoin pump

[Sjacmur]

2 x Reply from Newbie account with words means "thats is not pump"
No needs comments
And to link to Anti_pump price start rising many hours before GB Team wrote update about web wallet.

[mnporter2001]

156 coin its very low number.
Click mouse button on Green arrow icon and you can see how many time you need to stake some coin.
No need have coins in point "A " on your screen. They can be in Balance but it working, only you need have "unlock" wallet. Green arrow sugest that your coin already stake.
But with 156 coin you can wait many hours to take anything. Stake is 10% on YEAR. So 156 coin  x 10% its 15 coin on one year so I dont think its have sense.

Thanks I see that now (80 days lol )
I want to buy more GB but not at the price its at right now, so I guess I will have to wait a little

Thanks for your answer by the way it was appreciated !

Mark

[burner2014]

Thanks for 100% Profit. Great Community what I see.

But sorry I am honest this is one of 200 Coins at the moment.. nothing special imo.

NO FUD! Just my opinion.

Wish you good luck with the project.

[imd1]

Your coins have to be in your unlocked wallet ( best to be encrypted ) for a minimum of 8 hours before they reach maturity. Once you have staked those coins that were used in the staking process lose there coin age and the process starts again so those coins will take another 8 hours before they reach maturity.

This is a very crude example of the pos cycle.

Thanks for explaining, ChrisLandin.

I'm a bit disappointed though as each time my staking works I get just 1-2 GB through it and then it stops staking till my coins mature again.

Now that I understand the staking process it doesn't seem to be lucrative enough for me to continue staking.

[imd1]

Pos minting is like pow mining. It takes time to stake / mine

Just be patient and it will come, your weight will be quite low so when that builds you will start to see stakes.

Your weight is determined by coin age and amount of coins held I think.

So with your 150 coins as opposed to my 20000 I would potentially stake faster than you

Would it be possible for you to suggest how much coins you get through staking in each 8 hour cycle ?
No problem if you do not want to disclose this.

I just want to get a perspective to compare it with my staked coins which seems to be very low (1-2 GB) to me though the total number of coins
I have in the wallet is almost 10 times of what you said you have in your wallet.

[Sjacmur]

Thanks for 100% Profit. Great Community what I see.

But sorry I am honest this is one of 200 Coins at the moment.. nothing special imo.

NO FUD! Just my opinion.

Wish you good luck with the project.

Dump
Check the market history all red on "sell" price drop now from almost 1200 to 800 s.
Hmm maybe I put small bid at 250-300s.

[penoze]

Thanks for 100% Profit. Great Community what I see.

But sorry I am honest this is one of 200 Coins at the moment.. nothing special imo.

NO FUD! Just my opinion.

Wish you good luck with the project.

Dump
Check the market history all red on "sell" price drop now from almost 1200 to 800 s.
Hmm maybe I put small bid at 250-300s.

Just a correction + some panic sellers. Later this day/tomorrow we see 1500sat.

[Sjacmur]

good to hear because I bought my GB long time ago for 1200s and waiting

[Splatters]

good to hear because I bought my GB long time ago for 1200s and waiting

Hold with us. I didn't sell after the ico pump, I'm an asshole I know, btw this coin deserve to reach higher than 3400sat....

[GreenBacksTeam]

Pos minting is like pow mining. It takes time to stake / mine

Just be patient and it will come, your weight will be quite low so when that builds you will start to see stakes.

Your weight is determined by coin age and amount of coins held I think.

So with your 150 coins as opposed to my 20000 I would potentially stake faster than you

Would it be possible for you to suggest how much coins you get through staking in each 8 hour cycle ?
No problem if you do not want to disclose this.

I just want to get a perspective to compare it with my staked coins which seems to be very low (1-2 GB) to me though the total number of coins
I have in the wallet is almost 10 times of what you said you have in your wallet.

You might be still be confused, the point is that there are not 8 hour cycles, your coins only have to be matured once. The thing is that your coins only stake while the wallet is open, and you stake ~10% of your coins in a year. So, if you have 1000 coins you can expect to make 100 coins in a year, if you stake 24/7 365 days. Each POS block has roughly .5-2gb in it, so you would need ~100 POS blocks to do this, or in other words, someone with 1000 coins would probably stake 1 coin every 3 days. We hope this puts the math in perspective.

[adloule13]

dont dump your coins now marketcap is very low 78k $, any shitcoin out there can reach 200k and we all know GB is legit
let's say marketcap is 200k so price will be 2500 sat / coin 

[imd1]

Pos minting is like pow mining. It takes time to stake / mine

Just be patient and it will come, your weight will be quite low so when that builds you will start to see stakes.

Your weight is determined by coin age and amount of coins held I think.

So with your 150 coins as opposed to my 20000 I would potentially stake faster than you

Would it be possible for you to suggest how much coins you get through staking in each 8 hour cycle ?
No problem if you do not want to disclose this.

I just want to get a perspective to compare it with my staked coins which seems to be very low (1-2 GB) to me though the total number of coins
I have in the wallet is almost 10 times of what you said you have in your wallet.

You might be still be confused, the point is that there are not 8 hour cycles, your coins only have to be matured once. The thing is that your coins only stake while the wallet is open, and you stake ~10% of your coins in a year. So, if you have 1000 coins you can expect to make 100 coins in a year, if you stake 24/7 365 days. Each POS block has roughly .5-2gb in it, so you would need ~100 POS blocks to do this, or in other words, someone with 1000 coins would probably stake 1 coin every 3 days. We hope this puts the math in perspective.

Thanks for the explanation, dev.

I was of the same understanding that coins would mature only once but
this does not explain the behavior of my wallet - for me staking started 4-5 days ago and it staked 2-3gb and after that it stopped staking with message "you don't have mature coins" then again started and got me 1-1.5gb ... this lead me to ask queries here.

I wonder why this is happening, probably I'm doing something wrong !!

But again only ~10% in a year does not convince me enough to continue with staking.

[chronicsky]

Anyways, how is green backers project going?

Definitely expect news on that this week coming up!

Oh! that's kool