Re: [ANN] NeuCoin - Easy to use, free to try, focused on micropayments - Official
Trying the windows wallet..
If I lock the wallet, there is no way of unlocking it for staking.. (kinda main purpose in a POS wallet).
If I lock the wallet, there is no way of unlocking it for staking.. (kinda main purpose in a POS wallet).
You could use a cold minting address https://github.com/NeuCoin/neucoin/blob/master/doc/faq.md and keep the spending key out of your computer.
Thats cool, thanks! But I'll be minting the normal way for the time being..
Should I expect any stake rewards any time soon ? not sure how the reward system works with Neu..
Still no stake..
and I get this message, "Warning: No sync-checkpoint received for quite a long time."
I have the same message, but it's working. This message only means that Neucoin didn't synced checkpoint yet. Just check if your wallet is unlocked for minting and you good to go. How much you are trying to mint? If it's small amount it will take longer.
This is only a 4K neu wallet
Hey Myeportal, nokoin investor. 
You're staking 3500 nokoin.
With 3500 nokoin staking It will take 18 months, on average, to mint.
You might get lucky and mint sooner,
You might get unlucky and it will take longer to mint.
If you mint in 18 months, as expected, you will get 75% interest. (the monthly rate at that time) = 3940 nokoin interest.
In 18 months founders will have minted and compounded 150x a day = 10,000 nokoin interest.
But will you mint in 18 months?
In 1 years time there are expected to be 8bn nokoin.
You have not minted yet (in 1 year), on average, so still own 3500 nokoin (your original stake)
Founders have minted about 6000 nokoin (on top of their 3500 original stake)
So now there are more than twice as many nokoin.
Now your nokoin are likely, on average, to mint in maybe 4 years.
At the end of year 2, you still own 3500 nokoin, on average. (because yo still haven't minted)
Now your odds of minting are once in 8 years.
You have staked 2 years, now you have 6 years staking left, on average, before you mint.
Even if you now get "lucky", you will only get 67% interest x 24 month = 4620 nokoin
founders will have accrued compounded interest = 13000 nokoin + (probably vastly more)
You need 100,000 nokoin at least to get anywhere near founders interest rate. (which is withheld from us) Even then you will be left behind faster and faster because of the "super" compounding by founders. (and team ect)
Myeportal, you WILL be an unlucky miner. So will everyone like you.
On average, you will NEVER mint.
TBF nokoin team did warn against "small" nokoiners staking.
But not this clearly why they have no chance of success.
The founders get exponentially richer compared to EVERYBODY else.
Not just the little guy.
It's a ponzi.
(these founders coin coming to the market soon....)
I would be happy for nokoin Project to show us otherwise. Though I don't expect they can.
(these are approx figures. But clearer than theirs at present)
You're staking 3500 nokoin.
With 3500 nokoin staking It will take 18 months, on average, to mint.
You might get lucky and mint sooner,
You might get unlucky and it will take longer to mint.
If you mint in 18 months, as expected, you will get 75% interest. (the monthly rate at that time) = 3940 nokoin interest.
In 18 months founders will have minted and compounded 150x a day = 10,000 nokoin interest.
But will you mint in 18 months?
In 1 years time there are expected to be 8bn nokoin.
You have not minted yet (in 1 year), on average, so still own 3500 nokoin (your original stake)
Founders have minted about 6000 nokoin (on top of their 3500 original stake)
So now there are more than twice as many nokoin.
Now your nokoin are likely, on average, to mint in maybe 4 years.
At the end of year 2, you still own 3500 nokoin, on average. (because yo still haven't minted)
Now your odds of minting are once in 8 years.
You have staked 2 years, now you have 6 years staking left, on average, before you mint.
Even if you now get "lucky", you will only get 67% interest x 24 month = 4620 nokoin
founders will have accrued compounded interest = 13000 nokoin + (probably vastly more)
You need 100,000 nokoin at least to get anywhere near founders interest rate. (which is withheld from us) Even then you will be left behind faster and faster because of the "super" compounding by founders. (and team ect)
Myeportal, you WILL be an unlucky miner. So will everyone like you.
On average, you will NEVER mint.
TBF nokoin team did warn against "small" nokoiners staking.
But not this clearly why they have no chance of success.
The founders get exponentially richer compared to EVERYBODY else.
Not just the little guy.
It's a ponzi.
(these founders coin coming to the market soon....)
I would be happy for nokoin Project to show us otherwise. Though I don't expect they can.
(these are approx figures. But clearer than theirs at present)