RE: Mining Gridcoins in standalone mode

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Mining Gridcoins in standalone mode

in challenge30days •  7 years ago 

How long is the wallet open each day? I have mine opened for about 18h per day and I'm stacking at least each second week with 2.5k GRC.

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I was sceptical a couple days ago when we briefly discussed this, but I've since staked (twice!) with ~1.2-1.5k GRC. So we learn:

  • The staking rate has a large random component
  • One appears to be able to stake with ~1k GRC in a semi-reliable fashion within the six month window that @dutch was concerned about in his excellent post on the topic of staking rates.
    I'm trying to think up a way to survey staking rates for people with wallets in the, say, 500-3k GRC range since V8 came out.

The wallet should be open until at least 900 blocks pass, forgive me through the translator

The more you leave it open (and unlocked) the better. The 900 blocks is not needed. Ideally you should keep it open 24/7, but 18 hours is good too.
Make sure it has green up-arrow.

Right, cause yesterday my wallet was only open for about 10h and I still stacked.
This time 5 days since last stack with 3k GRC and a mag ~ 100.

No way that in this time 900 blocks passed through - if you look at the block-explorer from gridcoinstats you see that each block needs ~1-3 minutes ... 900 blocks would mean 15-45 hours.

Block opened wallet:
1082418
Block stacked:
1082821

Average time between two blocks is 90 seconds (also called block time target). Network tries to maintain 960 blocks per day and was recently very close to this number. So 900 blocks is 22 hours and a half.

There is no good and bad uptime. It is proportional and random. If you stake only 12 hours per day, you have half the chance to stake then you would have staking 24 hours.