Quote from: johnycool on December 23, 2014, 10:07:35 AM

hi there
actually i was trying to put my money in some POS coins but i don't know anything about it
basically i read on internet that we have to put coins in our wallet and leave them alone but i was wondering if we have to keep our wallet always open or we can close it??
fast help will be greatly appreciated
thanks

When you buy a Proof of Stake coin most will also have Coin Control so you also see the size of your blocks. When you send a transaction into your wallet it accumulates coinage based on time since you have received the coins. It does not matter whether or not you have your wallet is open for your coins to accumulate coinage. In order to Stake your Coins and receive your reward, your transactions must be older than the minimum time eligible to Stake, higher than the minimum difficulty and your wallet must be online.

If a Proof of Stake Coin had a minimum age of 5 days and no maximum then you could leave it closed for a month and the next time you open it, you would likely Stake right away and receive your reward but you would miss out on compounding interest. If you opened it before 5 days, it would never Stake.

Coinage is calculated as the following:

Value of transaction * Number of Days after the required minimum time