Post
Topic
Board Announcements (Altcoins)
Re: [NLG] The even greater Gulden thread!
by
Jean.Luc
on 05/11/2019, 17:36:15 UTC
I have funded my first witness account, if this goes well I will create 10.

If you have fund today the 6 account with 50.000 Gulden for 9 month and 4 accounts with 50.000 for 3 years then you have made a mistake. Better was 1 account 300k for 9 month and 1 account of 200k for 3 year.
6 times 50000 9 month gives an interest rate of 2,13% versus 1 account 300k for 9 month gives 4,12%
4 times 50k 3 year gives  4,6%, while 1 account of 200k for 3 year gives an interest rate of 6,68%

All mentioned interest rates are on annual base
Sorry

You can calculate this with the calculator https://www.dactual.com/witnesscalculator.php



I only created 1 account for 175 000 but no rewards after 677 blocks, if I start getting rewards 1 per day the next account I will create is 250 000 because estimated reward frequency is 0.99 on this account and I want to make sure I get 1 reward a day for all witness accounts I create.

the average is important...  a 300K account can give you 0 per day, or up to 3 rewards per day Smiley


Still no reward but lets see how it performs over the next week. Thanks for your response  Smiley

You have to keep the wallet open, the computer running and an active internet connection. Please make sure you did put a password on the wallet!
If you can not meet these criteria, you can always export the witnesskey and place it in an Cloud service as offered by https://cloud.g-dash.nl/
The beauty about witness is that the funds will always stay on your account (recoveryphrase) and sending the witnesskey only gives others the possibility to receive the rewards, not your initial funding the witness deposito. GDash will sent rewards back to you every 4 hours (if any received of course). You pay 1 nlg per block you/they witness.