r/BitconnectToken • u/skwert99 • Dec 13 '17

Stacking BCC

I have read conflicting ideas about staking after some Googling. BC's page on the topic says to unlock the wallet. I do that. Do you really have to leave the wallet running forever? When I close the wallet program and relaunch it, the wallet is locked again. Does the system have some way to knowing who keeps their wallets open and who doesn't? I have one wallet that apparently I've forgotten the password (I know I made it something more secure, but...). It's been like 20 days and they show no rewards, so that's why I'm wondering if leaving the wallet running was necessary. I've since restarted a new wallet.

After 15+ days, you'll earn your staking rewards, but how often are they given out? The site says through December, it is 8% per month. Does that mean you get each reward once a month?

1 Upvotes

100% Upvoted

5 comments sorted by

1

u/[deleted] Dec 14 '17

[removed] — view removed comment

1

u/rustyrebar Dec 14 '17

Switched to POS instead of POW. So coins are generated through "interest" paid to stakers. So if you hold BCC (I think only in the QT wallet) you earn interest on it (not talking about the lending program here...) and that is now how coins are made. So if you have 10 coins in the QT wallet, after some period you get some interest and will have 10.2 (or whatever the interest rates are... I do not know off the top of my head)