Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SEED] SeedCoin | Buy/Mine SEED & Grow Coinbase | MANDATORY WALLET UPDATE
by
cryptzo
on 08/10/2014, 21:58:21 UTC
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.

Where is coin control?

got it: 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.

I see this now. So I understand I can chhose exactly which coins I'm sending to myself this way? And that chunks them for better staking?

Sorry for all the newb questions but this is new territory for me. I've never worked with a scrypt POS coin before.

If you do send coins to yourself, choose coins that just recently minted and would otherwise be immature anyways, that way you don't miss out on much minting time.

But if you keep staking in small portions now, each time you stake that's one less POW block as well.

So I'm the one ruining it for the miners, which is funny because I'm a miner--at least for the next couple hours. Would one seed be a large enough chunk? I'll try to consolidate some of mine over the next day or so. And how many chunks would be ideal? Maybe 4, about one every six hours?

4 is good going into growth for sure, making sure to account for having enough age then. Right now it's negligible. You're actually earning more off your seeds doing it the way you are now than you would be if they were in larger chunks, because of the minimum staking reward.

It's complicated, I can't really suggest what to do. You're in an interesting position. It's quite a game. For example, if you were to go into growth as you are now, you wouldn't actually grow very many coins, but you'd make it difficult for other people to grow their coins either. It's something I hadn't considered. There's so many elements at play here. I just have no idea what's going to happen. Only time will tell.