Re: Pandacoin (PND) - 2 days til POS [Multipool | NO PREMINE | NO IPO | Scrypt

so I have a POS mining question

I bought mintcoin awhile ago and then I loaded my wallet and unlocked it and such and for some reason when I opened it a few weeks ago my income never went up.

So if I want to POS mine my coins, do I need to keep the wallet open at all times? ie- if I want to POS pandacoin I need to leave my computer on, with the wallet open for the next 2 years sorta dealeo?

Thanks.

Yes.
This is necessary, because you still secure the network, validating transactions. So it is different from mining because you don't share enormous amounts of hashpower, but by keeping the wallet on, you still contribute to the background crytpwork.

Ah ok, wish I knew this. I've been missing out on thousands of Mintcoins then by not having it open. Damn....

You haven't missed out on any.

PoS will be generated after at least 20 days holding of the coins in your wallet. You dont need to keep the wallet open all the time. The coin-days accumulated in your wallet will not be lost. The next time when you open the wallet client, the internal miner will start automatically and if the coin holding period meet certain requirements the pos blocks will be generated based on the coin-days in your wallet.