Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][SEED] SeedCoin | Buy/Mine SEED & Grow Coinbase | MANDATORY WALLET UPDATE
by
cryptzo
on 08/10/2014, 21:16:24 UTC
Quote from: wiser on October 08, 2014, 09:12:44 PM
Quote from: cryptzo on October 08, 2014, 09:05:55 PM
Quote from: wiser on October 08, 2014, 08:50:10 PM
Quote from: boxxa on October 08, 2014, 08:46:42 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?

Stake weight is a combination of your coins you hold that are in a single block and then how long has passed. Blocks compete in POS for the highest stake weight for who signs it. If yours is above the network, you should get a reward. If you are newly staking, you would have a low stake weight vs the network as you need to wait your turn for your reward.

For the past hour or so my weight has been higher than the network. Also bigger amounts are going into the "stake" section and the 0.00001 rewards are getting more frequent. But they are always 0.00001. That's the part I don't understand--how no matter what amount of coin goes into the "stake" section, the reward is the same but I get more of them. It would just help to understand the formula behind it.

Your're actually a big reason there's so much stake extraction on the network then. All of your coins contribute to your weight, and only the coins you actually stake with are actually getting removed from your weight. I'd recommend sending coins to yourself at some point (literally just send coins to your own address) so that they aren't all broken up like grains of sand in your wallet, because if they are they'll stake one at a time.

What would be a good amount to send? I could do several transactions like that. I do like spreading the staking around, but maybe not like grains of sand--more like pebbles Wink

I edited my post, but in case you don't see it right away:

The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

As for how many coins to send, depends on how many you have. Whatever you do send will immediately lose all their weight right now, so you'll stop staking as much, so that will be an important consideration. I'd suggest half, but check coin control and see try and find a reasonable balance from there.