Re: [ANN] Sterlingcoin - Current Version 1.4 | Online Wallets | Merchants

how much should I expect daily from staking 10 000 Sterlingcoins when full pos kicks in?
right now I have staked for over 2 months and have received only a few Sterlingcoins, is it because of the pow blocks?

Take you amount of coins, divide it by 100, multiply by 5.5, divide by 365.

1.506849315068493 Sterlingcoin per day in interest.

(With no disrespect meant, this is simple math that you should work out yourself)

As long as your staking you will receive the 5.5%.

Math Explained:

Total Amount / 100 = 1% of Total Amount
Multiply 1% of Total Amount by 5.5 = 5.5% of Total Amount
Divide 5.5% of Total Amount by 365 Days (1 Year) = Daily PoS Interest Percentage

i was actually more wondering if the pos interest will be 5.5% after pow because for the last 2 months that I have been regularly staking, i've got only 6 Sterlingcoins which is only about 0.37% interest, so is this because of pow?

I get 5.5% interest on my coins. You should also get that if you keept your wallet open for staking. You should again check network and wallet because PoS is 5.5% just now.

Keep in mind that to proof of stake well you also have to keep in mind the size of the blocks of coins within your wallet as well as the PoS difficulty. A block of 100 coins would have a better chance of staking than 10 blocks of 10 coins depending on the PoS difficulty. Turn on coin control in the options settings and make sure the coin blocks within your wallet are a reasonable size. I try to keep mine between 1000 - 2000 in size.

thanks, made the blocks around 2000 each and let it stake overnight, but all of the 12 blocks i mined over the nigh were conflicted?

What do you mean conflicted?

He/She means conflicted transaction on the PoS interest payment. Do not worry, just means you will get the interest in another block Wink

I think I understand, they meant they weren't getting the amount that they expected, yes?

actually i meant that all of the 12 blocks were orphans but all good now i think, except my biggest block still keeps getting rejected

Oh, I understand now. Having a PoS block not accepted it exactly like having a PoW of work block rejected. Please follow these steps to enure you do not get rejected blocks:

1. Sync your wallet completely before unlocking it. If your wallet is not fully synced every block you stake will automatically not be accepted.

2. Make sure your Firewall does not conflict with your wallet in any way. When you first open up your wallet on a Windows PC you will get a firewall warning asking if you wish to allow the program through. Make sure to checkbox both public and private access. Doing this is usually more than enough for staking.

3. Make sure any PC protection programs do not detect your wallet as a virus or a trojan. Sometimes my MalwareBytes or Avira will believe a wallet or mining software is malware so I will need to make an exception for the folder(s) that they are in. They might also believe incoming connections are suspicious while syncing so I would need to tell MalwareBytes to "Exclude" incoming connections as they are reported.

4. Make sure your internet connection is reliable. If you lag badly or your internet goes down when you stake a block and it does not reach the blockchain in time your block shall not be accepted. If you think your internet will not be stable at some point while staking it is better to turn off the wallet rather than risk wasting your coin age. I believe you lose coin age regardless the if the stake block is accept or not but I'm not sure I've never really looked into it. I just never thought of it until now.

Let me know if you have any more questions.