Re: [ANN][EGC] EverGreenCoin | Environmental Green Causes | Full 7% PoS

Hi,
Got some EGC in my Evergreen wallet. When does staking take place? How soon will I see any interest? Do I need to keep the wallet open? How often does it take place. Keep up the good work.

Hi and welcome to EverGreenCoin!

Staking of your coins will start 24 hours after full confirmation. Full confirmation will take 7 blocks, which translates to a few minutes.

You will see the frequency of installments based on your weight. Weight has many factors but, the largest is coin age and the number of coins you have. Regardless of your weight, it will always total 7% annual.

You do not NEED to keep the wallet open. But if you do, you will see more frequent installments, but smaller in individual amount. At minimal, leave it open for 12 hours once every 30 days, but more often is recommended.

I hope I have answered your questions completely, and once again, welcome!

So it appears I got my first stake, I saw it come in, it was listed under recent transactions on the overview tab and Stake and then about 10 seconds later it disappeared. I do see it in the transactions tab. The type is Mined and the amount has brackets around it and there's a "?" in the far left column. Can someone explain whats going on here? Do I need to do anything? Sorry for being such a noob, just trying to understand. Thanks!

Sometimes someone else gets the reward and you get a so called orphan, presented with a question mark. Nothing to worry about though. It happens to everybody from time to time.

Mining rewards also takes more confirms before they can be used.

Yes, as Gizfreak pointed out, sometimes you submit a PoS block to the network at near the same time someone else does. One gets accepted by the network first, thus invalidating the other that is then rejected by the network. It is normal and no cause for alarm. You did not lose anything, your next reward will compensate for the time and be a larger amount.

As Kazadar mentions, yes newly generated and accepted by the network EverGreenCoin need to mature 60 blocks.

No need to apologize. Staking is actually quite the complicated process, especially the deeper the understanding you seek. Your questions are very welcome and I hope they have been answered completely.

Thanks everyone! Just as you said, another transaction showed up a short time later with a slightly higher amount. After confirmation the amount was added to my total. My first stake, very exciting!