how is it going guys
staking is still profitable or it has to be huge stack to get few new pos minted?
for comparsion, i minted with 30 pos whole 1 pos after 10 days but it was more than month ago (and paid only 5 cents for ETH fee)
how is it now?
Thanks
We are still in the first year so 100 % interest rate meaning if you last minted a month ago you should have about 2.5 PoS waiting for you. Check
https://calculator.postoken.org/ and then decide if it is worth to initiate mint or wait some more time for hopefully lower ETH fees. You will continue to "receive" tokens for maximum of 90 days. After that you have to mint for staking to continue.
are you saying I need to do these instructions again in 90 days?
https://bitcointalk.org/index.php?topic=2110712.msg21934703#msg21934703I have just set this up on my nano S. Do I need to wait 3 days to make sure I have set it up correctly or is there a quicker way?
You can mint in any day after 3 days. What 90 days means is your reward will stop accumulating once coinage hits 90 days.
Yes you will need to wait 3 days if you have transferred tokens to new wallet.
Hello libert19
ok, so do i need to do anything after 90 days for my coins to keep staking? Is this infor on a website or somewhere?
Yes, you need to hold coins at least for 3 days before you can mint.
Here is step by step way.
- go here and enter your eth address where you are holding your PoSToken.
https://calculator.postoken.orgIf your coinage is more than minimum, ie. 3 days then calculator will show you reward, you can collect this reward every 3 days or wait for higher coinage, your reward will keep increasing until 90th day then it will become static until you collect it.
More frequent minting will yield you compounded reward while infrequently will save you gas. If you have good amount of PoS then frequent minting should be profitable.
- send 0 amount of PoS to your own address (where you are holding PoS) with gas limit suggested by MEW and for gas price check this website
https://ethgasstation.info- Once your transaction get confirmed you will receive your reward. That's it
Tl; dr: send yourself 0 PoSToken to claim reward.
thanks for the great explanation.
i get he below. Does it mean I have set it up incorrectly? I only set it up yesterday so I still have another 2 days to wail