Post
Topic
Board Announcements (Altcoins)
Re: Slimcoin | First Proof of Burn currency | Test v0.5 release candidates
by
Sorai
on 19/08/2017, 16:25:42 UTC
Funny thing happened. I have a dedicated Slim Burn wallet on a computer I use only for this wallet (i.e. my staking Slim wallet does not reside on this computer).  Anyway, regular and healthy sized payouts of coins had been coming in thanks to burning.

After a couple weeks the staking started up (I suppose because my wallet was unlocked).  Staking rewards suddenly started appearing.

Exactly coinciding with the onset of staking rewards, 1) my computer slowed way down and 2) the burn payouts reduced to a trickle and became smaller in size. Though I was now getting small stake returns, this didn't compensate for the huge reduction in burn payouts.  

I'm assuming I shouldn't have left the wallet unlocked on my dedicated "burning wallet/computer" because staking takes too much processor power, even for small amounts.

What I learned is not to mix burning and staking, and therefore, to always burn with the wallet locked.  

The thing I can't explain is why the onset of staking rewards would reduce burn rewards.  Although the computer was slow, it was working enough to support several other non-Slimcoin wallets that continued to get staking rewards, and I understand burning isn't processor intensive.  So I'm a bit perplexed why my burn rewards got reduced by 90%.  

Correction to what I wrote above: I can't burn unless I have unlocked the wallet.

However, as stated, after I have left the wallet unlocked for a few weeks, staking kicks in and slows down my computer.  And the computer slows down even though hardly any coins are being staked (just the new ones I received from doing burning).

It would helpful if there was an option to "turn off staking" on a wallet you want to use exclusively for burning. This way you could run other, non-slim wallets on the same computer, and the computer wouldn't have to be powerful. Lacking such an option, it looks to me that if I want to continue burning the coins I started burning, I'm going to have to devote a second computer to Slimcoin, simply because I can't turn off staking on the wallet I've dedicated to burning.