Post
Topic
Board Announcements (Altcoins)
Re: [ANN]Spectrecoin[XSPEC] TOR+OBFS4, Ring Sig, Stealth!
by
size_m
on 29/05/2018, 23:17:32 UTC
No, staking doesn't work. I have not received anything since 18th April, that is 6 weeks ago. And I have my computer 24/7 online because I mine on it. The wallet even says "staking".
This coin is a fucking joke and being shilled by people like it's second Jesus coming.

Staking is like mining with your balance - if you have a low balance, it will take ages until you get a block reward. It's similar to mining Bitcoin with a Raspberry Pi - just because you never get any rewards doesn't mean that the system itself does not work. I would recommend you to learn more about Proof of Stake: https://github.com/bitcoinx2/tutorials/wiki/Proof-of-Stake
it works, yes.
but there doesn't seem to be a fair mechanism (if any at all) to compensate for not accepted stake rewards.
i for example have had really bad luck with not accepted stake rewards until now.
i don't get a reward very often because i'm only staking little over 500 xspec but most of the times when i got one it was not accepted.
so i think there should be some kind of compensation for not accepted stake rewards within the pos system.