Sine POW is over there is no mining anymore to process transactions. Instead mining function in OPEN wallets are used so when the wallet processes a block both the Stake coins are created ( you get some based on your weight /network weight) and TX are processed. Total money supply is increased by stake amount.
Multipools for SUM do n0t create any SUM. they create other coins sell them buy SUM and send to you. Total money supply is unchanged.
OP is unclear what happens to TX fees. Some coins destroy the. Others pay into stake. Not sure For SUM.
I belive that here's Your answer
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?
Multipools for SUM do n0t create any SUM. they create other coins sell them buy SUM and send to you. Total money supply is unchanged.
OP is unclear what happens to TX fees. Some coins destroy the. Others pay into stake. Not sure For SUM.
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
Thanks
I belive that here's Your answer
"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?