I finally installed the QT Wallet and its fully synced and I've moved my coins from Bittrex to the wallet.
Can anyone explain to me how to begin staking? I've already unlocked my wallet and checked the "For Staking Only" section. However on the Dashboard I see the following:
Spendable: 12000
Stake: 0
Unconfirmed: 0
Can someone tell me what the Stake: 0 means? Am I not staking anything right now?
If your wallet is unlocked it is staking. The point of staking is to verify transactions on the network effectively distributing and protecting it. So the whole thing works by probability. If you keep your wallet connected you will net 1-5% a year depending on how many people are connected. Usually most coins never have more than 30% of the supply staking so you can expect up to 3%.
Your rewards will come in randomly as long as it is unlocked for staking.
You can see here exactly how many people are staking and who is winning blocks...
https://chainz.cryptoid.info/bay/#!extractionAlso for those people who have not updated to the latest software since November 1st please do. Since I've noticed about 55% of the users have updated. You must update before the 30th of November.