Re: [ANN] PlatinumBAR XPTX - Rare Cryptocurrency with PoW / PoS (230%)
hey team quick question, I downloaded the blockchain but the wallet is still 48 weeks behind. Did this happen to anyone? is there an updated file? for the blockchain?
***update*** the wallet is up and running and already received rewards in my first two days. Smooth wallet. I see big potential in the future
Yes, the wallet is rock solid and a pleasure to use
Staking fragments your stack into a million specks of dust...
So using Coin Control to reconstitute bigger blocks may optimize performance.
The reward amount doesn't match the size of stack.
I can see smaller stack returns bigger reward, so I though it is pretty much random.
So I just combined all coins as a stack, but usually it's not a strategy.
The very next reward is usually very small.
Do I miss anything?
I may be wrong here because there are various stake methods apparently, so here goes...
If you have 100 coins in your wallet and it is split up into 3 inputs of say 60, 30 and 10 (total of 100) they all earn the same interest rate. However, because the 60 coin input has more coins it will stake more often. The 30 and 10 coin inputs will take longer to stake and give a seemingly bigger reward because they took longer to stake. If you average everything out it adds up to 230%, but if you aren't paying attention it looks random.
If you shut your wallet down for a month and then turn it on again, the stake reward is based on the last time it staked, so you would get 30+ days when it finally stakes.
If you use coin control to keep all your coins in a single block the rewards will flow in a bit more steadily. Over time there is no difference unless you opted for small inputs, in which case they may take longer to stake than normal.
Thanks.
How much can we expect to stake if people are staking?! Because in other coins if not all people are staking then the rewards are more. So can we expect more than 230%?
Also other than staking, is there any use for this coin? What drives this coin's price?
You will get a minimum of 230% APR on average, not sure if non-staking wallets affect the APR. What's driving the coins price is its rarity. There are only 550K -ish coins around so that makes it very attractive for potential investors. POS coins in general are gaining traction and they are a source of passive income.
Thanks, it's been 3 days now and yet to stake once... Awaiting...