so from what i have understood you can use the navcoin pi to mine nav coins which you can sell on exchanges? with 1 navcoin how many coins can you mine in an hour? what sort of profit can you make within a navcoin...
That is not how Proof of Stake works. You can earn 5% annually of the amount of coins you stake. So for example:
- You have a 1000 Nav Coin and stake this in the Core wallet or on the NavPi. In one year of staking you will mine 50 Nav Coin as stake rewards. Now you have 1050 Nav Coin.
- 10000 = 500 stake rewards so total 10500
- and so on..
ok.. so i have to hold the coins for one year or can this be done weekly/monthly?