This weekend I bought about 60 NRG for staking.
It took me two day to get it working and I work in IT. In the tutorial it doesn't state the the block chain needs to be fully synced before you can stake with your own wallet/node. If this coin is to be mass adopted, then this should be a lot easier imo.
Then I left it running for more then 24 hours while being quite excited for the returns and checking the history page as described in the staking guide. But guess what, nothing happend!
So I started to read on my chances of getting staking rewards and i found out that I had to leave my node/PC online for the next 130 days and I might get a reward of 2 NRG.. How is this ever gonna be profitable?
So after that I did some more research and I found out that I had to invest a lot more to get regular rewards. But if all investors did the same, my chances would still not rise.
NRG feels like being a crab in barrel full of crabs. Every crab trying to climb out, only to push each other down. To me it feels like the only ones that seem to harvest here are the dev team and the exchanges where NRG is listed. And the funny thing about this coin is that the dev team is openly admitting that they are farming this coin to make profit, calling it the treasurery..
I probably should have read more before investing..
And I am wondering if there is a coin that does not decrease staking chances when the circulation on the net increases..
I will try and clarify a few things if I can here.
1) In regards to the wallet needing to be fully synced. This is the same for all POS coins (except dPOS), you cannot stake unless your are synced with the current best block on the network otherwise your wallet may be staking an incorrect amount. In terms of the initial steps to start staking, it can take a little time to get used to the setup when users are more used to the Generic User Interface wallets, an overlay which does these steps in the background. We are working on options where this may be available in the future but we do have a dedicated support team who are more than happy to assist users who have issues with the process and this is available directly within the guides. On a side note, we ask our community not to post their balances in public as it can leave them as a target of scammers. Security is a vital feature of our project.
2) In regards to staking rewards. For the amount you posted, based on our rewards calculators the estimated time to receive a reward is not 130 days as you mentioned. It is showing as 1127 hours which is just under 47 days. Our staking reward is 2.28 NRG and is paid in full so you do not receive a % of this daily. To give a better visual we include the daily, weekly and monthly proportionate values. You can find the Reward Calculator at
https://nexus.energi.network/ just click on Reward Calculator in the options. As with any staking coin, the larger your balance the larger your staking weight which means the shorter the interval between rewards. Other factors such as number of wallets staking, time connected to the network etc can also impact staking. Again this is similar to other POS coins.
3) You stated that only the dev team are farming coins with the Treasury where in fact the Treasury does not stake or run masternodes so your statement is inaccurate. In fact we have a large number of the community who are actively staking and/or running masternodes and earning rewards.
I hope this addresses some of your queries but if you have specific questions it may be better to ask in our Discord or Telegram channels as you may receive a quicker response.
1) yes it's pretty obvious that a wallet or mode should be synced before being able to stake. But it is not explained in the staking guide on your site. I was mentioning it so your team can add it to the guide.
2) in regards to skaking rewards. I was using
https://www.stakingrewards.com/earn/energi/calculate to calculate my chances which had a lot worse estimations. Funny enough the calculator doesn't show any day estimations anymore. But what both calculators don't show, is the total staked coins on the network. Would be a lot more transparent if this was shown, so potential investors get real usable info and will be able to do there own calculations
3) I wasn't saying the dev team was getting there cut by staking coins. It's explained pretty openly that the dev gets 40% of every round in circulation, while all the stakers get 10% every round and that 10% cut has to be shared with all the staking investors. Chances drop lower when more investors join.
40% every round, come on! It's easy to see why the marketing is so good and all the big crypto YouTubers are invested in NRG and showing there support. Because it's easy to spend tons on marketing and still earn tons more because of the way NRG is designed.