Post
Topic
Board Announcements (Altcoins)
Re: [ANN]SummerCoin|POS|Trade on poloniex and bittrex
by
bla2501
on 04/05/2014, 19:52:38 UTC
Can anybody please explain me, why did I receive POS coins for only about a half of my coins. I have all the coins in the wallet for same amount of time and they were all sent to my wallet with a single transaction. I assume that I am soon going to receive the POS for the other coins soon but I am just curious why this happened.

Thanks

 I belive that here's Your answer Wink

"POS mining" process is just about holding coins and leaving your computer on. Only matured coins (coins stored in a wallet over 24 hours) are eligible for POS. Each block (every 45 seconds), a random lucky coin is selected to be the next "miner". If a node with the selected coin wallet is running, it will collect the transactions, make a block, and send it to the rest of the network and collect the fees. If the computer is turned off, however, then the entire network will have to select a different coin to make the transaction. This time, the unresponsive wallet will be ignored.

Thank you for the answer. So if I understand it right, the computer must be running all the time if you want to get the coins?
But what the difference when comparing this coin to others, which do not require the wallet to be opened constantly?