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ready to dump
Grin

Lol, only 1 million...

already finished
Grin

How is posible to give 7.000 IMX with stake with 1MM of coin and I with 350K I get 1IMX, 1,5 or max 2 IMX?

I understand

I not understand Grin

Reward is from POW phase. (check the date) During the POW phase, reward per block was 7 000 IMX coins.

To reach such reward in POS.
You will have to stake 1 M coins for at least 11 days.

POS interest is 25% per year. (25% for every 365 days.....means 25/365= 0.068% per day)

When POW finished there were 109 231 963 IMX coins (on block 30 000).
IMX is on block 46 790 now. And total coin count is 109,251,696 IMX. (So only new 19 733 IMX coins were generated in pure POS)

`

I've been minting for more than 24 hours and got just 14 coins approx., when I should have minted like 342 (=[500,000*0.25]/365), are you sure 25% is the right staking percentage? I don't mind the coin to have less inflation, an annual 25% of new coins seems too much if that's forever, but definitely this doesn't seem a 25% annual interest. Are you sure this isn't a 2.5%?

It is 25% interest per year.

You can also check source on github
(static const int64_t COIN_YEAR_REWARD = 25 * CENT;)

Minimum stake age is 24 hours. It means your expected reward starts growing after first 24 hours. (first 24 hours do no count...)
Another important factor is input. If you recieved 500K coins in more than just one transaction. (it means more inputs)

If a wallet holds small inputs that are not competitive once mature, the owner of the wallet has the ability to put all small inputs together into one big. By sending them to a new wallet or sending them to the same wallet that they are held in at the moment in one single transaction. (will result in only one input)

The quantity of inputs is a factor that should be taken into consideration more seriously. Every input, once it matures and starts the staking process, is in competition with other inputs attempting to stake. Knowing that the network is setup to produce a block every 60 seconds, there is a limit of about 1440 blocks per day that can be produce by PoS . While having multiple inputs of coins ready to stake is a good thing for the network, it can be a resource intensive task for the CPU. The objective is to find an optimal range of input quantity so that the CPU isn't overloaded, and also that the staking process continues to add security to the network by having many inputs (blocks) competing for stake.

Ok, thanks for the detailed explanation

major_coiner

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