Post
Topic
Board Announcements (Altcoins)
Re: [IOC][ I/O Digital ] I/O Coin - Identity SideChain - Private Messaging - POS I/O
by
vince232
on 16/09/2015, 08:48:39 UTC
hi is there a difference between staking 24 hours a day vs just staking whenever you want to?
will i get less total coins stake if i dont stake it always? or it is the same?

GOOD QUESTION!

Look at Staking Like Fishing.

If you have your "line" in the water 24/7.  You are going to catch more "fish" than someone who just throws the line in "now and then" for several hours at a time.


Remember, when coins stake, your wallet is competing against other wallets to win the stake "reward".

So the longer you can stake in one continuous session, the better.


I am unable to stake 24/7.  But i simply stake from the moment i wake up, till the moment i go to sleep, which is often from 8am to 10pm.  7 days a week.


Hope that helps.

sorry i have a follow up question. haha this coin says it has 2% interest rate? what is that annual interest? if so, is it fixed even if you dont stake 24/7?
like scenario 1 you stake 24/7 you get 2% a year
scenario 2 you just stake whenever you want and you still get 2% a year or if you just stake whenever you want you will get less of 2%
scenario 3 you get more than 2% if you stake 24/7?