How long does staking take? 8 days?
How long does it take to start staking? I don't remember if i read this here but is it 8 days? When i check my wallet it says 420 days but that drops so i know that has nothing to do with it really!
@jackhammer500, From what I understood by studying the files on Github, I made a conclusion for myself that:
- Only mature coins consider when stakinge. Calculated by the formula: unsigned int nStakeMinAge = 8 * 60 * 60; // 8 hours (After 8 hours, the coin is considered mature)
- Stacking requires 250 confirmations. Proof: int nStakeMinConfirmations = 250; (After your generated coin has signed 80 blocks that went to the network and received a minimum of 250 confirmations of finding these blocks on the network - you can spend it (the coin generated)
- The award for PoS includes such components: Index block, the previous index (I do not understand what it is), the age of the coin, the commission. Proof: int64_t GetProofOfStakeReward (const CBlockIndex * pindexPrev, int64_t nCoinAge, int64_t nFees)
Thank you for that detailed response very much appreciated.