[Sticky] Staking FAQ  

  RSS

marqueslamb
(@marqueslamb)
Member Admin
Joined: 3 months ago
Posts: 39
04/12/2019 12:41 am  

Frequently Asked Questions about staking. 

 

  • How do I activate staking?
  • Staking is not working?
  • Does staking require 24/7 uptime?
    • No, but you will only be eligible for staking rewards while staking is active.  If your computer is asleep, off, or offline you would not be eligible.

       

  • Does my amount of time staking or coin age affect my chances of winning rewards?
    • No, GUAP proof of stake does not give more weight to older coins or clients with longer consecutive uptime.  The only weight you have in staking is your (mature) GUAP balance.  Think of the block reward each minute like a lottery and each mature GUAP is a ticket that increases your chances of winning.

       

  • Is there a minimum amount of GUAP coins that I need to before I begin receiving staking rewards?
    • Yes, you must have at least 1000 mintable GUAP coins to begin receiving staking rewards.

 

  • Why do I need to unlock my wallet for staking?
    • An option to "unlock for staking only" has been included for security so normal transactions can't be sent during this type of unlock.  An unlock is required because if you win the block reward, your Guapcoin client will send out the winning UTXO and it will come back with the reward included.  So if your 2,010 GUAP UTXO wins and the reward is currently 2.29, your client will send 2,010 GUAP and get back 2,012.29 GUAP. Please note, this is considered a transaction and the 3,004.25 GUAP in that new input will be considered immature and ineligible for staking for 6 confirmations (about 6 minutes).  After that time they will automatically be added back to your staking balance.                     

        

  • Do I need to add "staking=1" to my configuration file?
    • No, the only conditions for staking are listed here
This topic was modified 2 months ago 3 times by marqueslamb

Quote
Topic Tags
Share: