Quote from: fraenk on May 18, 2014, 09:15:36 PM

Quote from: goldmann on May 18, 2014, 09:07:46 PM

Quote from: fraenk on May 18, 2014, 08:56:11 PM

Quote from: jc12345 on May 18, 2014, 08:16:11 PM

Quote from: fraenk on May 18, 2014, 07:55:11 PM

Quote from: jc12345 on May 18, 2014, 05:37:46 PM

I have done some calculations out of interest. Please correct me if I made a mistake somewhere in my reasoning:

@ 2min per block

Phase Blocks Reward Coins Minutes Hours Days
1 1,000 1 1,000 0 0 0 (negligible as completed in first few minutes)
2 9,000 500 4,500,000 18,000 300 12,50
3 10,000 250 2,500,000 20,000 333 13,38
4 20,000 100 2,000,000 20,000 667 27,78
5 20,000 50 1,000,000 40,000 667 27,78
6 40,000 10 400,000 80,000 1,333 55,56

Total POW 10,401,000 198,000 3,300 137,50 = 4,58 months (pretty long time to have ASICs off BTC if it will really take this long)

From 10,401,000 to 50,000,000 are POS coins.

POW will therefore take 4.58 months since POS and POW are not simultaneous POS will start in 4.58 months, or at which point does POS start?

open the debug window and in the command line type walletpassphrase yourwalletpassword 99999999 true
and how does one set up POS minting ? ... i'd like to get my first 50 xtras up for POS! willing to pay 5CX for someone explaining me how to get POS started

and what do i need to put in for walletpassphrase, or do i literally type "walletpassphrase" ?!

hi fraenk,
just type "walletpassphrase " into the wallet-console and replace "yourpw" with you password and "time" with the time you want your wallet to be unlocked (in seconds). But you could also simply just click "Unlock" in the Walletsettings.

hi goldman,
so does this mean as soon as my wallet no longer says it is locked, it will take part in POS automatically? Why does the wallet show "Stake: 0.00CX", do my coins need to age first and are then automatically added to the stake??
Sorry, but this is my first POS coin I am checking out and I'm new to this. Thanks for your help!

hi fraenk,

exactly, your coins will automatically competite for stake once they aged.
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