Quote from: MadCow on March 25, 2014, 11:27:19 AM

Great thread & info, thanks!

I've taken the plunge and bought some POS coins, but now I'm unsure how to guarantee I earn my 'interest' for different coins. Do all of the POS coins require keeping the wallet open 24/7?

It would be great if you could add some info on what is required to generate the POS coins for each coin on your list.

I've done some preliminary reading today and it seems with some coins you might be able to risk opening the wallet as little as once a week and still get your stake coins paid, but I've also read conflicting reports that suggest nearly all POS wallet needs to be 'unlocked' and opened all the time to generate interest. I'm not sure how to 'unlock' a wallet, but suspect it might be the same as 'encrypt' a wallet.

This information is critical for any would be stakehunters, so it would be good to add that info in this thread.

Thanks again for starting a very informative discussion!

in short, encrypted wallet needs to be unlocked before you can stake
(if you don't encrypt your wallet, coins will also stake - NOT recommended)

to unlock encrypted wallet execute the following command in debug window
walletpassphrase mypassword 999999

it is NOT required to have your wallet open and unlocked 24/7 to stake

coins age with your wallet offline
when you bring your wallet online with high coin age coins, you stand a better chance of staking than coins on the network with lower coin age

for more info refer to
http://wiki.hobonickels.info/index.php?title=Proof_of_Stake

doulos

Posts

Merits