- 365 days
Blackcoin is a blockchain project that uses a complete Proof of Stake model algorithm for mining. It is a decentralized, transparent and peerless cryptocurrency that has built an energy saving ecosystem that is cheap to maintain.
The Blackcoin blockchain has no owners and cannot be shut down.
But, services like exchanges and web based wallets can be shut down, and concentrations of wealth creates a honeypot for hackers.
Stake rewards average a bit less than 1 stake per day ( +1.5BLK ) per 10k BLK.
So, if you have less than 10k BLK you should probably use a service like Coinomi or Abra. Or, keep your BLK on an exchange like Bittrex.
Blackcoin is a pure PoS (Proof-of-Stake) coin and can no longer be mined in the usual way. However, you can still mine by what is called Staking. This also serves to secure the network and aid in the various transactions made for all Blackcoin users. Staking will earn you from 1% to 8% (depend on the network weight) of your total amount of coins held in your wallet over the period of a year, and will start as soon as you have unlocked your wallet.
Once you start to Stake, you will notice that a certain amount of coins will be placed into your Stake balance (you can see this under the Overview tab on your wallet) and those coins will begin to stake. The more coins you have, the more coins you will earn by Staking.
For staking, download either the original Blackcoin client (called "Blackcoin"), or a client more like Bitcoin (called "More").
If you have smart contract needs you can pair the original client with Blackhalo.
Wallet Settings > Unlock Wallet
Your balance which is staking will be freed after 501 confirmations. You can track progress in the Transactions tab.