Quote from: DirtyDutch on July 02, 2014, 10:30:09 PM

Quote from: adam1230 on July 02, 2014, 06:37:57 PM

Quote from: Mesterlovesz74 on July 02, 2014, 05:01:27 PM

Quote from: adam1230 on July 02, 2014, 03:48:59 PM

Question about the stake...

So its 10% annually. And it takes 10 days for the coins to mature... So does that mean that after 10 days, the coins I have put in my wallet will mature and give a 10% return? Then I have to wait 12 months for another 10% return?

Am I understanding this correctly?

Staking is not exactly like an annual interest at a bank. It is more like mining, but in this case staking an annual 10% means that you have to get 10% interest for your stakable coins within 365 days! So you won't get the 10% right at your first stake, but a fracture of it. If you open your locked wallet every month then you will have larges stakes for a few hours then you have to close the wallet and wait 10-30 days to do that again. So that I heard, this is one of the best method to get fine amount of stake...

I dont understand the logic behind this.

The other makes sense now though, thanks.

What is not making sense? Staking is there in pretty much every coin these days.. Its similar to forging in NXT but this is a lot better in terms of actual returns of the coin..

I mean I don't understand locking the wallet and waiting 10 days and unlocking it. It only makes sense to me to keep all the coins in an unencrypted wallet all the time to get the most out of staking.