Post
Topic
Board Announcements (Altcoins)
Re: HoboNickels - HBN - 2% stake power! - Version 1.3
by
unick
on 15/02/2014, 22:12:05 UTC
short answer, no
you need to have your coins in an open unlocked wallet to stake

Do stakes build up over time? Like let's say I hold my HBN for a year. Could I then take them out and get the accumulated interest?

I'm guessing that since the wallet addresses would be different in that case, I'm just giving the interest to Cryptsy aren't I :Cheesy

Well the best time to take your coins out is just after they generated a successful stake block.  Knowing that it should take around 10 days for your coins to stake.  Once they did, the coin age is destroyed. Meaning that your initial deposit date is irrelevant for the next stake (no additional benefits). A new cycle is starting right after that stake.

So if you leave them one year, you would accumulate about 36, 10 days cycles @ 2% return.

I am not sure if this answers your question, and I hope it clarifies things for you. Check out the link presstab provided, you might find more useful information there.

I don't know if Cryptsy makes interest on the amount of HBN in their wallet... But one thing is sure is that you don't :p