has pow finished?
yes! some minutes ago.
in the next hours POS should start (and confirming the last 50 mined blocks too)
Hours for POS to start? That seems...awkward. No further transactions will go through until we have block 7201 and beyond, right?
that is right, but maybe POS starts in some minutes. i can´t say when this first stake is incoming, maybe someone can Show a screenshot if it is happen.
It is my understanding that staking is already taking place, except that you don't have mature coins until thirty days. My wallet shows a stake weight when I run "getinfo" in the console, and also a little arrow symbol on the overview page that says "Not staking because you don't have mature coins" when you hover over it. Similar to other PoS coins I've played with. So long as your wallet and several others are connected to the network, it'll keep generating blocks. What I have no idea of is the block times. In some coins it seems to speed up significantly in PoS mode. Lower diff or something.
THx. I am new to POS and was wondering about how this worked. Very clear and concise explanation.
Do i have to unlock my wallet periodically in order to stake? I know some guys at BlackCoin had their coins stolen while their wallet was unlocked for staking. How do we stop that happening to us? Should i just unlock and let it update and then re lock it?