Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure
by
cryptohunter
on 27/10/2017, 10:50:59 UTC
Example:

Right now according to https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/edit#gid=0, the staking ROI per year is ~14%.

If you have 100 BLOCK, you should get 100 * 0.14 = 14 BLOCK in stake rewards per year.

(365 days / 14 BLOCK) * (0.3 BLOCK / Stake Reward) = 7.8 days / Stake Reward on average.

Note that this 7.8 days is not constant; it is just on average. You may get lucky and find two blocks within minutes of each other or get unlucky and not find any block for a while.

@EnViRoNmEnT: you mentioned you waited 2 days and didn't get anything. According to the above calculation, you need to be staking at least 400 BLOCK to get your first 0.3 BLOCK stake reward after about 2 days.
Forgive me if it has already been covered (probably 100 times already), but I can't find out how to start staking?
I have BLOCK's in my Bittrex account, how do I start staking?

Thanks in advance!

Need to have it in your own local wallet unlocked to stake... or if you have 5k set up a service node.

Hopefully the mess is all fixed up now so no more staking issue or hacks.

I hope they have not dropped the ball on this project because this should be up there with ark and komodo.