Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][LXC][LIBREXCOIN] STAKING MOBILE WALLET | X11 | 100% POS | No IPO |
by
Librexcoindev
on 12/09/2014, 01:42:09 UTC
Quote from: bangomatic on September 12, 2014, 01:32:33 AM
Quote from: stacey2911 on September 12, 2014, 01:23:36 AM
Quote from: burrmarket on September 11, 2014, 10:29:26 PM
Quote from: stacey2911 on September 11, 2014, 10:11:43 PM
I believe to stake them all at once, you will have to send all the coins in any of multiple addresses you may have, to one address. Then all those coins are one "block" of coins, therefore all have the same stake age, therefore all stake at the same time. Someone with more technical knowledge feel free to weigh in if i am wrong, as this is how I understand PoS.

You're much more accurate in your explanation. Thank you.

No worries, this PoS model is what has been used in a lot of other PoS coins, so I believe that's how it works. Enjoy your Librex  Cool

So it's possible to stake 100% of your coins at the same time, dropping your spendable coin to zero?

I would say yes but only if you put them on at the same time. so say your wallet has 1 coin this would happen all the time as would 100 or more if they where all deposited at the same moment. But if they are put in the wallet at different times than the whole amount never stakes that I've seen. I've actually made new addresses in the wallet for 4 deposits. each with different coins deposited. I named these adds too so when it stakes it says mined LXCpool1 .00234 and mined lxc2deposit1  .00123 when they stake it says that in the transaction area. It works great to see what coins produced more coins and dust.