I am trying to understand the staking process (sorry, i'm kinda new to this)
I just added sync coins to my wallet, how long will it take to stake?
Coin Maturity: 50 blocks
Min Coin Age: 6 hours
Coin Age Maturity: 30 days
Will it take 6 hours, 50 blocks or 30 days?
What is the coin age maturity? Is that when the stake get's it's full potential?
Thanks!
You need to be holding at least 0.08299429 Sync and they need to be held for a minimum of 6 hours before the staking process begins.
Then the more coins you have the greater the chance is that you will actually mine (mint) some coin, the longer you leave them staking the higher the chance that will be accepted coins (not orphans).
So ideally your wallet should be open all the time, you will receive a stake every day (compound interest), this stake will add to your original coins then the next time you stake you will receive more. If you just open your wallet once every blue moon, then you will receive a lump sum.
This is my understanding of the staking system, please feel to correct me if I am wrong!