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Showing 6 of 6 results by melezama
Hi Everyone,
We have seen many users ask about the staking process. This is a set mathematical algorithm and a set time of when you will mint a block cannot be provided because many factors play a role in this calculation and every users situation is unique. If the coin balance in your wallet is smaller you will mint less frequently. The amount of coins other users have available to stake (always changing) also plays a role in how frequently you will mint a new block. If you ever question if the POS system is working, you can verify that it is by reviewing the block explorer. The system only works on POS, so anytime you see a confirmation that means someone just minted a new block. The POS system has been very stable and the amount of blocks minted daily is in line with the 150 second block time goal. If your wallet is unlocked, you have coins available, and no reserve balance set, you will mint a new block and be paid interest for the entire age of your coins no matter if takes 1 day or 120 days. We have zero control over when this happens because the POS system is integrated in the network, and interest is paid directly to your wallet automatically.
As always we appreciate all of your support and confirm our commitment to the long term viability of Latium.
About "Unlock wallet", if it reads that, is it mean that my wallet is unlocked??? or how do I know that it is unlocked?? or how do I unlock my wallet?? We have seen many users ask about the staking process. This is a set mathematical algorithm and a set time of when you will mint a block cannot be provided because many factors play a role in this calculation and every users situation is unique. If the coin balance in your wallet is smaller you will mint less frequently. The amount of coins other users have available to stake (always changing) also plays a role in how frequently you will mint a new block. If you ever question if the POS system is working, you can verify that it is by reviewing the block explorer. The system only works on POS, so anytime you see a confirmation that means someone just minted a new block. The POS system has been very stable and the amount of blocks minted daily is in line with the 150 second block time goal. If your wallet is unlocked, you have coins available, and no reserve balance set, you will mint a new block and be paid interest for the entire age of your coins no matter if takes 1 day or 120 days. We have zero control over when this happens because the POS system is integrated in the network, and interest is paid directly to your wallet automatically.
As always we appreciate all of your support and confirm our commitment to the long term viability of Latium.
I'm confused, at the beginning I was getting some coins, all good, but like I said earlier, since the june 25 date that I haven't receive any more coins??? what is the beef with that??? I have not changed any setting or what so ever, my wallet is conected day and night, always on, so why is it that i'm not getting any more coins???
What is going on with this Latium??? it's about 2 weeks and nothing from PoS in my wallet? how often they are supposs to pay the interest for PoS on my wallet, they been inconsistence about that, any one knows anything Huh
I see that a lots of people are having problems, is this coin going caput????r
I see that a lots of people are having problems, is this coin going caput????r
Caput? Are you also French?
No I'm not, i'm argentinian and we do use that word, don't know if it is french or italian.
At any rate, my question, to Mr Latium or any dev, is what's up with this coin, i have not receive any since june 25, and i was under the impresion that it pays interest your PoS in the wallet, but, nothing so far. I did receive some at the begining, but it stoped almost 2 weeks ago.
Do you know anything at all about how it is done??? TIA!
Here is what it reads in the Latium site under the Q&A page:
How do I mint Latium?
Minting is performed automatically by the Latium wallet only if the wallet is online and connected. There is no additional work or requirements to mint your Latium. Once your Latium has been confirmed, you will start generating coin age. Once your coin age exceeds six hours, your coins will be available to mint new blocks. When you mint a block, the coins used will be placed at stake and will remain at stake until 48 blocks have minted. Coins that are at stake are unavailable for transfer. After the 48 blocks have been minted, your initial coins along with the interest gained by minting will be available in your balance.
Why should I keep my Latium wallet connected?
By connecting your Latium wallet to the network you increase the network strength. You also gain compounding interest at the fastest rate available. A wallet that only connects intermittently to mint a block misses out on compounding interest at the highest rate available.
What is going on with this Latium??? it's about 2 weeks and nothing from PoS in my wallet? how often they are supposs to pay the interest for PoS on my wallet, they been inconsistence about that, any one knows anything Huh
I see that a lots of people are having problems, is this coin going caput?
I see that a lots of people are having problems, is this coin going caput?
NO BLOCK SOURCE
FIXED
PLS LET US KNOW IF IT WORKS FOR YOU NOW!
ISSUE-
TO MANY REQUESTS WORLDWIDE!!
WE NEEDED TO ADD NEW SERVER AND REBOOT THE OTHERS AFTER UPGRADING THE SERVERS!!
so this was a good thing! lol
FIXED
PLS LET US KNOW IF IT WORKS FOR YOU NOW!
ISSUE-
TO MANY REQUESTS WORLDWIDE!!
WE NEEDED TO ADD NEW SERVER AND REBOOT THE OTHERS AFTER UPGRADING THE SERVERS!!
so this was a good thing! lol
Right ON!!!! Vamo todavia!!! Thank You very mucho!!!
I just downloaded and installed Potcoin wallet-qt for windows and is says 9 weeks behind, no block source available... is this a problem?
roger that!! Same here, i just don't know where to go from here, is there any new news about this problem? Anybody??? help!! TIA.