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RE: Quantitative Analysis of Staking Times in Gridcoin V8 - Live at Block 1010000 with v3.6.0.2
Luckily this coin is established. If this were a new coin it'd make me think of a scam. You need a base to be able to earn at all and you need more to earn more frequently. Luckily there's the pool.
Its how most PoS coins work, so its not really unheard of, back when I joined Gridcoin Magnitude didnt count :)
I'm talking about the effect on PoR
What are the effects on PoR though? If we disregard the design flaw which allows people to scale their magnitude stake weight out of proportion, the amount of weight the magnitude contributes to the staking is tiny at best.
To be honest. When I replied I thought I understood the mechanism. Now I got confused. I thought I understood that coins mined only get transferred to your wallet when you stake. Since a lower balance results in less staking I made the previous conclusion.
To put it in another extreme way. Suppose you have an empty wallet. Will you then stake? And if not. Are the mined coins lost?
You were right, you only get rewarded (PoS or PoR) when you stake a block, and you do need funds to stake.