Post
Topic
Board Announcements (Altcoins)
Re: [IMX] IMPACT | NO PREMINE/NO ICO | REAL LONGTERM CRYPTO | X11 ALGO | POS NOW|
by
Impactdev
on 13/04/2017, 10:13:01 UTC
That means no IMX=no staking?!!

Ok. The topic (IMX) is done for me.
THX

Uh...yeah...if you don't have any coins, you can't stake, that's how every PoS coin works. It requires you to have a "stake" in the coin in order to get rewards

But how does it work? lets say i have 50000 coins, what happens?

They go up against the full weight of the network (the amount of coins held in wallet and are in stake mode), and a portion of them are used to solve blocks and then the cycle of staking your coins begins. So those 50,000 coins aren't a lot compared to the current network weight, so your probability of solving a blocks goes down, and respectively goes up as your balance increase. It essentially the same thing as PoW except without the backend calculations required by hashing power. That isn't to say you wont find blocks, because you will, as the "luck" of finding a block goes up base on the respective age of the coin.

Do i have to do something with my coins or just leave them on my cold storage wallet?


download the wallet, configuration , unlock ,check unlock for staking only and put your passs and ready for stake , wait 24 hours with your coins in the wallet downloading blocks, , and this is it
obiusly your pc 24/7 and conected to the internet for receive all the stakings.
sorry for my bad english

Will the rewards come in once a year?
Nope.

You will recieve your reward every 1-2 days..... if you will stake 24/7.

It also depends on the size of your input.
Check IMX block explorer / extraction statistics |


If a wallet holds small inputs that are not competitive once mature, the owner of the wallet has the ability to put all small inputs together into one big.  By sending them to a new wallet or sending them to the same wallet that they are held in at the moment in one single transaction. (will result in only one input)