collegeboy69us
Supreme [H]ardness
- Joined
- Jul 27, 2003
- Messages
- 5,255
Somebody said blackcoin is Proof Of Stake. What you're talking about is Proof of Work.
But this is what the site says:
so does that mean a year? I won't hold that long
oh I gotcha -- yeah I did some reading on the interest part. When you are holding BC in your wallet, after 8 hours or so it becomes "proven" and able to earn interest. From what I saw seeing the interest payout to your wallet was seemingly random at first. And this was discussed in a few of their forums. You don't have to hold for an entire year to receive interest. depending on how much you held though, I think it would pay out quicker.
I only held something like 1000BC, and it said interest payout was something between 30 and 40 days. I'm sure if I was holding 25,000BC it would be a lot more frequent.