Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NOMAD COIN (NMD) - PoW+PoS, Secure & Decentralized
by
heratys111
on 08/07/2018, 18:56:43 UTC
I have a small amount of coins staking on my wallet and Nomadcoin's POS reward is fixed at 50 coins per block. I don't know the minimum input required to have the coins staking though. I just noticed that my wallet receives stakes every three days.
Good question. What is yearly POS reward?

If you're using the GUI wallet, pass the mouse's cursor over the nomad logo at the bottom-left of the screen (it'll provide the expected time based on your proportion of the network-weight).  If you're using a command-line wallet, the "getstakinginfo" command will give you that same info.

I don't know about the other pool but Cryptohub seems to be staking about 1.4 NMD per day per 1000 in my account; this is roughly the rate of stakes generated in my local wallet (which I don't keep up 24/7 though).  From that -- although this is not a very robust calculation (a quick five-day evaluation/sample-size  Grin ) -- that equates to about a 50.9% expected return over the course of a year -- on staking (and ignoring possible price-appreciation).  [ The math is: getting a daily percentage return by dividing the stake-amounts-generated by the wallet balance then, getting a longer-term average over the evaluation-period and then multiplying the ~0.0014 by 365 which yields a little above 50% ].

Based on that admittedly-rough/non-exhaustive empirical estimate (and a little trial-and-error with a calculator) then I suppose about 35,800 NMD should on average generate a stake daily in a local wallet if you're staking 24/7 (35,800*0.0014 = 50.12) .

Like some other coins, the local wallet seems to generate lucky streaks on a given day (several stakes one day, relatively few the next).