So you have this wonderful orange in your possession, and you're wondering how to make it grow. ??? Well, friends, we have the 'Proof of Stake' (PoS) feature which bears 'interest', similar to a bank account. Depending on what year Orangecoin is in will tell how much projected interest you will get.
POS After Block: 10000- 20% first year, 10% second Year, 5% third year- Flat 2.5% Continuous every year after the third year.
So how does one stake? It's easy, you don't have to do anything, but hold on... I'm getting there.
First you must know, OC PoS has a time period called the maturing period or 'growing season'. This is 14 days from the time those coins were credited to your wallet. Every credited transaction starts a new 14 day for ONLY the coins in that specific transaction. This includes minting transactions. During the growing season, no staking takes place.. Once the 14 day growing period is over, then your oranges are ready to stake.
OK, Growing season is over, so now we wait some more so that our oranges can 'ripen' up a little bit. This is the time it takes from day 14 to whenever your oranges are selected to stake. This ripening stage can take anywhere from a few hours to a week or so. Once your oranges age to day 28, they won't ripen anymore, but they maintain the ripening that occurred (28 day Coin-Age weight), from day 29 until eternity, until they are selected to stake.
Once your coins stake, they are unusable until the minting transaction gets the required confirms. Once they confirm, those oranges need to grow again, so they go back to day 1 in the growing season.
It's a matter of how many oranges you have in the specific transactions and/or wallet keys, the Coin-Ages, your places in line, and a little bit of luck that determines how fast/often you get selected to stake. Have patience, they will stake. You do not have to leave your wallet open during the 14 day growing season, but you do have to leave your wallet open after day 14 to get selected to stake.
Just leaving your wallet open will allow you to stake at this point. The more secure way to mint is as follows: Open wallet -> Settings -> encrypt wallet Once you have your password... Help --> debug window --> click console tab --> type the following, substituting your password for the word "password" below: walletpassphrase password 9999999 true Now, clean up the log by pushing Ctrl and L. Your password is no longer seen on screen. you can close the console window now and watch your oranges grow. :)
Happy Staking!
Coin Control:
Coin control allows greater control of how you maintain your coins for transaction purposes, so to be more efficient and from a chronologic point-of-view. While not required, this is more necessary for PoS coins, because you wouldn't want to send coins to someone if they were just about to stake and especially if you had other coins that had just finished staking.
How to use it:
First, you have to enable coin control. Run your wallet and let it sync. Next, click Settings --> Options --> Display. Click the box next to "Display Coin Control Features (experts only!). Click Apply, then OK. Click on the "Send Coins" tab. You should now have a "Coin Control Features" box, if not, restart your wallet. Clicking "Inputs..." allows you to view the dates for all of the deposits you have made into your wallet, and for PoS coins, it allows you to see when the coins last moved within your wallet (for example, staking moves them by sending them to yourself, this is done automatically and normally splits the original amount into halves via two transactions). Use the "tree and list" modes to suit your viewing needs. The priority column is telling you which coins are next in line to be used, whether for staking or sending.
Note: More transactions in your wallet takes more time to load the coin control box after clicking "Inputs". Have patience, it will load. Doing anything else within the wallet might make your wallet freeze temporarily until it is done loading the coin control box. Even though your operating system (windows, mac, etc, etc) might state the wallet has become unresponsive, it is still loading, just wait.
Note: Navigating in the coin control box can get confusing if looking for a certain wallet address. Because PoS splits the original value into two values when staking, it is possible to gain additional addresses that you aren't aware of. Use the explorer to find your keys and trace your transactions in question.
Note: The fee associated with sending coins via coin control may or may not be equivalent to the dialog box that asks "if you want to send 'x' OC fee to support the network". When in doubt, the dialog box fee supercedes the stated coin control fee.
Note: Coins that are staking are not be able to be viewed in Coin Control until they finish confirming.