Can someone please explain exactly what this means?
Coin PoS age: Min. 3 days / Max. 9 days / coins stop aging at 15 days
I understand the more coins we have, the more steaking power we have, but not sure how the max 9 days, 15 days etc come into it.
- Coin (input) is eligible to stake 3 days after the transaction that put it in your wallet.
- Every second it gets a better and better chance to mint as it gets older.
- But at 9 days after sitting in your wallet, the chances get no better.
- Every second your coin will earn more and more interest once it mints.
- But at 15 days, the potential earnings are capped. That means you can't open your wallet after 365 days and earn 20% interest. The most interest you will earn on an input is 0.822% (20% * 15 / 365).
- So if you open your wallet every six months to stake, you'll earn just over 1.65% interest (1.00822 * 1.00822).
- If you open it every 3 months you'll earn about 3.3% interest.
- If you open it every 45 days, you'll earn about 6.7% interest.
- If you open it every 22.5 days, you'll earn about 14% interest.
- More frequently than that, you'll approach compounding to nearly 22% (based on a nominal APR of 20%).
The last calculation goes like this:
(1 + (0.20 * 3 / 365.0))**(365.0/3) - 1
would I need to have my wallet open 24/7 minting in order to maximize profit or would opening it once a day be enough?