Post
Topic
Board Announcements (Altcoins)
Re: [IMX] IMPACT | NO PREMINE/NO ICO | REAL LONGTERM CRYPTO | X11 ALGO | POS NOW|
by
cpozzer
on 14/04/2017, 08:25:29 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.

So with 50k coins how much can someone expect? 25% yr POS? 12500coins per year? Sorry but its not clear to me.