Post
Topic
Board Announcements (Altcoins)
Re: Bitcloud 2.0 - BTDX - PoS3 - Newest Masternode Core 12.2 - Quark
by
GREEDYJOHN
on 30/08/2017, 14:13:10 UTC
So I'm still relatively new to the crypto game and this is my first time buying into a PoS coin. I am a little lost on how to stake the coins I have, the only information that I was able to find said to do "walletpassphrase "passphrase" timeout true" and it would start minting coins, is that correct? Is there a better way? How long should it be until I see coins from staking? Thanks in advance for any help, I can PoW all day but PoS has me lost  Cheesy
Please ensure that your wallet is encrypted before you stake your coins. If you have not encrypted your wallet, then it is safest for you to send your coins back to the exchange, then encrypt your wallet, then check your wallet to ENSURE that passphrase is correct BEFORE sending your coins back to your wallet.

HOWEVER, if you have already encrypted your wallet, then do this: Click in the SETTINGS TAB, then click on UNLOCK WALLET (from drop down menu). A pop up box appears, where you ENTER YOUR PASSPHRASE and TICK the box that is "For anonymising and staking only". This will ensure that your wallet is unlocked ONLY FOR STAKING.

When I hover over the lock in the bottom right of the wallet it did show unlocked for anonymising and staking only. All of that being said, and by the process I described, is my wallet staking? Thank you very much for the help John!
Your wallet will stake (the tick icon will turn GREEN) when your coins mature.

However, your ability to receive stake rewards depends on the amount of coins that you already have in your wallet. MASTERNODES is MUCH MORE PROFITABLE for receiving substantial rewards, with a 10,000 BTDX balance.