Re: ANN [NETKO][NETKO] PoW/PoS | NO PREMINE | BLAKE2S | 8.MARCH 2017
Weigth is how many coins is on staking.
So Netko gain weigth if everybody who staking keep they new coins
Inside your wallet you do not need to do enything
Yes every newly genereted coin need 301 confirmation to be mature
So Netko gain weigth if everybody who staking keep they new coins
Inside your wallet you do not need to do enything
Yes every newly genereted coin need 301 confirmation to be mature
Wait,
I've looked at the rich list: people with 20-25K Netko verify 3-4 blocks per day.
But, from what I've seen, let's say I have 10K Netko:
Normally I should be able to verify 2 blocks per day right
But, what happens in the wallet is that as soon as I find a block "1", my whole TOTAL Netko that are in my wallet become "immature"
It is like my whole balance has been utilised to stake 1 block
So it doesn't matter if I have 7k or 80k in my wallet, since the first block I find will "use" all of my Netko to make them "immature" for 301 blocks.
So this is what I don't understand
How can people stake 3 blocks per day? (with one address as they do)
Thank you, I hope it was clear enough
The wallet will break the balance into smaller chunks with time. It will take a while to adjust and reach your longterm PoS rate.
For example, in my case, I put all coins into my wallet in 5000 chunks.
After each stake, the wallet breaks it in two. So now I have lots of 2500 and 1250 chunks (actually a little higher because they include the stake profits too)
I don't know for how long it will keep breaking them up or if it stops after reaching an optimal amount