Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][SEED] SeedCoin | Buy/Mine SEED & Grow Coinbase | MANDATORY WALLET UPDATE
by
wiser
on 08/10/2014, 21:03:34 UTC
Quote from: cryptzo on October 08, 2014, 08:59:35 PM
Quote from: wiser on October 08, 2014, 08:34:39 PM
Quote from: wiser on October 08, 2014, 08:20:15 PM
Quote from: Altpocalypse on October 08, 2014, 07:55:29 PM
So here's a question... why is my stake weight is far greater than the network weight?  Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake. 

I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself?

EDIT: It seems to me that no matter how much is staked, the reward is always 0.00001. How exactly does that work out?

You're staking from blocks you've minted. The stake reward of 0.00001 is the minimum stake possible. If the portion of coins that were used to stake would have produced less than that, you'd stake 0.00001. Th'e current rate is 1% per year. So if the number of coins you're staking / 365 / 100 is less than 0.00001, you'll actually get 0.00001.  Generally you don't stake all your coins in a single block, but rather they get spread out over time. This behavior helps support the network.


Thanks for the explanation. That makes more sense. I just couldn't go any lower LOL. I just had no idea what a bargain I was getting Wink