Post
Topic
Board Announcements (Altcoins)
Re: LATIUM
by
melezama
on 08/07/2014, 00:03:33 UTC
Hi Everyone,



We have seen many users ask about the staking process. This is a set mathematical algorithm and a set time of when you will mint a block cannot be provided because many factors play a role in this calculation and every user’s situation is unique. If the coin balance in your wallet is smaller you will mint less frequently. The amount of coins other users have available to stake (always changing) also plays a role in how frequently you will mint a new block. If you ever question if the POS system is working, you can verify that it is by reviewing the block explorer. The system only works on POS, so anytime you see a confirmation that means someone just minted a new block. The POS system has been very stable and the amount of blocks minted daily is in line with the 150 second block time goal. If your wallet is unlocked, you have coins available, and no reserve balance set, you will mint a new block and be paid interest for the entire age of your coins no matter if takes 1 day or 120 days. We have zero control over when this happens because the POS system is integrated in the network, and interest is paid directly to your wallet automatically.

As always we appreciate all of your support and confirm our commitment to the long term viability of Latium.
About "Unlock wallet", if it reads that, is it mean that my wallet is unlocked??? or how do I know that it is unlocked?? or how do I unlock my wallet??

I'm confused, at the beginning I was getting some coins, all good, but like I said earlier, since the june 25 date that I haven't receive any more coins??? what is the beef with that??? I have not changed any setting or what so ever, my wallet is conected day and night, always on, so why is it that i'm not getting any more coins???