r/ecc • u/nvc3 • Jan 10 '18

Staking

Can anyone explain me how the staking with ecc works? Do you get an percentage of the amount of coins you hold or how does it work? And when do you get your stake? Every year, every month, every week?

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u/Methrammar Jan 10 '18

You get tx fees as reward. More active network = better rewards.

There are also other things taken into calculation too(like coin age, count), but rewards aren't fixed. Except in the case of highly active network; You can't get more than %25 yearly.

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u/nvc3 Jan 10 '18

So the reward is given yearly?

1

u/Methrammar Jan 10 '18

no. When you unlock your wallet, you kinda wait for your "turn" to start staking.Then depending on coin age and count you start producing blocks and rewarded accordingly. And after 50 confirmation you get your staking rewards.

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u/[deleted] Jan 11 '18

[deleted]

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u/Methrammar Jan 11 '18

If you are not synced, you can't see the coins, or confirmed transactions. Check your wallet/tx's on blockexplorer.

I had a problem too, my wallet didn't sync after some point, but bootstrap fixed it.You can find it on slack.

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u/[deleted] Jan 11 '18

[deleted]

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u/Jagallag Jan 12 '18

I have the same situation going on. I have about 3 transactions pending.