Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SYNC]X11 | POS| 1,000 Coins| Mandatory Update
by
Cohle
on 24/05/2014, 01:15:27 UTC
When I came into this coin. I knew it was only 1%. That is not the reason I came in.

Those thinking about selling, are you seriously saying you came into this coin because of the 1% staking? LOL

I will be holding and waiting for the panic buys later to capitalize. Just keep mining at the multipool, give the devs some time it's in their interest to get everything running smoothly. Reporting and asking reasonable questions is fine, but let's just all be patient adults. Remember, WE have a big say in what the coin becomes.

I am sure it's anyone in the IT inducstry knows, you cannot predict everything that will happen. The dev can't sit here and answer every question repeatedly. I am going ot wait for block 8200, I will wait for the flavoured wallet which josh already told us he is working on. He is having well deserved sleep/rest now.

See you guys on the other side of 5BTC  Cool

The amount staked is beside the point. There are people here, like raskul (who I've quoted), attempting to provide a concise explanation on what is happening. Meanwhile the dev is stating:

Anyone know why it says

"Not staking because you dont have mature coins"

When i have mature coins with over 750 confirms?

anything special i need to do for staking?

please read previous page, this question is answerred many times!
bottomline, you need a reasonable amount of sync and 1000 confirmations

1083 confirmations/0.52 SYNC/"Not staking because you dont have mature coins"/wallet updated/wallet is unlocked about 6-7 hours - what am I doing wrong?  Wink

I think you need 1 sync + for staking

- and advising people to buy more SYNC:

ANN

If you are not generating coins is because of low balance, buy more at the exchange and all the nodes are on the new version



Now, raskul's speculation (lack of transaction fees giving greater minting priority to larger balances) makes sense. Just need the dev to confirm if this is the case and if considerations are being made to address them.

Again, it's not about the amount staked. It's about clarity, confidence AND the security of the network post PoW as explained by Alpharisc.