Quote from: Gandalf86 on May 11, 2018, 08:01:16 AM

Quote from: Nebell on May 11, 2018, 07:42:05 AM

Yeah I'm spreading FUD when I posted a photo proving that staking is fucked.

This coin is going to die. The developer is not even active here. Just a few shillers left.

Staking is not "fucked", it is working as it should. Read more about general POS reward calculation here: https://github.com/bitcoinx2/crypto-intro-guide/wiki/Proof-of-Stake#how-much-reward-do-i-get

There are blocks generated at a target interval (60 seconds), and you receive a block reward according to your share in the network. So if you have 1/1000 of the network weight (0.1%, about 7000 coins maybe?), then you will receive roughly every 1000th block reward. You can do the calculation yourself.

I appreciate all the responses to peoples questions, Gandalf.

Just want to double check my math to be sure I understand your post above:

If there's a block generated every 60 seconds, that means there is a block reward every minute? Are there 1440 (minutes in a day) separate block rewards each day? So in theory you'd need to have 1/1440 of the network weight to get a reward daily (on average)? Is that correct? With a network weight of 8,000,000, one would need 5,600 coins (.0007% or 1/1440 of 8,000,000) to average one block reward each day? Or is my understanding of the math completely wrong... thanks again.

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