Quote from: bee7 on January 23, 2014, 11:07:54 AM

Quote from: Chris001 on January 23, 2014, 10:50:32 AM

Quote from: Nullu on January 23, 2014, 08:09:31 AM

Quote from: btc1210 on January 23, 2014, 03:25:13 AM

based on current hashrate, GRA price would have to be 0.00000452 to be a top 5 coin.

Hugely undervalued right now. I might have to pull funds from other coins to buy more GRA.

I agree that it's hugely undervalued. I think once people realise the value of the coin and its PoS nature, they can begin to see its potential, and that's part of the reason the price is slowly rising - apart from also the PoS being a stable factor in keeping the price going up.

If I had to sell someone on Grain, I'd just need to tell them they'd earn 5% a year more just by holding Grain in their wallet. That's a pretty good incentive to keep mining/holding.

So to earn the 5%. How does that work? Do I get 5% once a Graincoin is in my wallet for a year?
Sorry, I just stumbled on this thread. I'm intrigued.

No. Not that simple. In order to get this 5% yearly income you have to run your wallet periodically at least. Please read below the brief explanation of the PoS (proof-of-stake) blocks:

Quote from: bee7 on January 20, 2014, 08:05:14 AM

Quote from: Marsenault on January 20, 2014, 07:46:29 AM

Thanks for the help guys, got it to work from the command prompt.

I had a question about the proof of stake blocks/coins...how do I get some?

I have well over 100k gra here, that I mined,and I've had them for weeks, and I don't see any proof of stake coins in my wallet.

To get PoS block rewards you need to keep your wallet running. It is not necessary to run it for 24 hours a day if you have no many inputs (separate income transactions). Each input has its coin age that is started to count at the moment the tx had place. When its age reaches 10 days that input is eligible for PoS mining. The PoS mining is the process of searching the golden nonce for the block using eligible inputs, but the algorithm is much less CPU intensive than PoW mining. When the golden nonce is found for that particular input the block is solved. The block reward is added to the amount of the selected input and sent back to the same address being split into two equal inputs. Thus the coinage of the input is spent, the new two inputs has their coin age reset to zero and the process repeats. So, if you have not many transactions you may run your wallet for the couple of days each 10 days. But if you still mine PoW blocks that means that you regularly receive payouts from blocks itself if you do solo or from the pool otherwise. Then it is reasonable to keep the wallet running as much as possible. So you have to decide your strategy according to the situation.

So If I have Grain coins in my wallet and keep it open, will it then earn more coins? Or is there another step to the process?