new to staking here....I have the new wallet and am staking...its seems to be working fine.....why should I close it and wait...(wouldn't I loose interest). If I leave it open wont I earn at lower rate now and higher rate after block 9700. thanks
Your wallet wont stake unless it is unlocked, but the coins will mature/age. Blocks need to mature 24hours to have a chance at staking. Once a block stakes, age/maturity resets. So those sugesting to lock your wallet till block 9700, want to be early bird to get stakes. Like few hours really matters.
With that staid.
here is a quick FAQ for everyone that pops in and asks the same questions.
1) Q: What is the PoS Interest rate. ?
A: 10% Daily | Example, if you have one block of 1000 ILT, after 24 hours it is qualified/matured/aged to a chance at staking 10%, 100 ILT (total coin supply will only increase up to 3650% annually)
2) Q: What happens to the block that staked?
A: When a block stakes it splits in to two blocks + the amount of stake (10%) and in doing so, the age resets.
3) Q: what do I do after a block stakes?
A: Merge the blocks by sending them to yourself.
4) Q: How do I merge blocks?
A: Enable Coin Control First in Settings-> Options-> Display-> Check "Display Coin Control". Click on "Input" button within "Send Coin" Tab, check the blocks you want to merge, then send them to your self.
5) Q: Does the block size matter?
A: Bigger blocks have higher chance of stake, consider the network difficulty, before deciding a block size.
6) Q: Will others read this and not ask the same questions?
A: NO!
Let me know if I left out anything.
Poll
