Emercoin Proof-of-Stake Guide
This guide covers how to mine Proof-of-Stake
(POS) with an encrypted wallet on your own computer. Note that it's also possible to earn POS rewards by holding your Emercoin with a 3rd party wallet provider such as mintr.org
Before we begin, lets understand a few things about POS with Emercoin:
EMC blocks are mined approx. every 10 minutes.
The chance of mining a block with POS is related to the amount of EMC you hold.
Coins must sit unspent in the EMC address for 30 days before being eligible for staking.
To mine a block with POS, the wallet must be unlocked for minting as described below.
Staking correctly will generate approx. 6% interest p.a.
Checking your minting statistics
Visit the Emercoin blockchain explorer located at: emercoin.mintr.org.
Search for your EMC address(es) that are currently staking.
Run the staking calculator tool (the purple leaf icon, ) for your EMC addresss.
You will see the results on your minting %, coin age, and many other variables.