Some things never change... I'll just quote myself from exactly 4 months ago today:
And FWIW, my measly 1203 TZC (mined when it was a *lot* higher in price) have yet to earn a single block from staking, though @statt did warn it might take 6 months. I might give it one more month, then I'm going to call this experiment with staking an interesting learning experience, but ultimately not worth it.
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So I guess what I am trying to emphasize here is that it should be easy for the average Joe who wants to use TZC as a general form of payment and storage of value to easily determine the interest rate, so to speak, from parking their coins in their wallet (ie - staking them).
I'm not asking you to explain it to me like I'm 5 - or even explain it all, really - but I am asking the wallet and/or coin devs to consider making the staking function of the wallet a bit more user-friendly.
So I guess what I am trying to emphasize here is that it should be easy for the average Joe who wants to use TZC as a general form of payment and storage of value to easily determine the interest rate, so to speak, from parking their coins in their wallet (ie - staking them).
I'm not asking you to explain it to me like I'm 5 - or even explain it all, really - but I am asking the wallet and/or coin devs to consider making the staking function of the wallet a bit more user-friendly.
And FWIW, my measly 1203 TZC (mined when it was a *lot* higher in price) have yet to earn a single block from staking, though @statt did warn it might take 6 months. I might give it one more month, then I'm going to call this experiment with staking an interesting learning experience, but ultimately not worth it.
Hello sir!
I'm sorry to hear that you have not hit a stake with your balance. Always a disappointment.
Very broadly speaking, that kind of balance might take between 3 to 10 months to stake.
But it might also be affected by how your inputs happen to exist (many small, few large, etc.).
For those with larger balances, the wallet will automatically merge or split inputs as it stakes, but for holders with amounts that might not stake for a month or more at a time, then it might help to take a look. Feel free to PM me if you wish to check on that.
As for displaying, communicating, or even calculating an annual "interest rate", that is unfortunately inherently imprecise.
However, this imprecision is by design, so to speak.
Earlier models of PoS that utilized an actual APR (annual percentage rate, etc.) opened themselves up to a number of issues and exploits--e.g., many users would not leave their wallets open/connected, which helps the network, and would instead connect briefly once a month or so to "collect" their rewards. By having a variable rate that depends on the participating wallets, their balances, etc. it removes a number of security/network-health concerns.