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How staking works

Aktualisiert: 31. Dez. 2021

Staking is a mechanism that will allow you to manipulate your estimated time to win.

Without staking the default is 20,5, this is your personal difficulty. the simplified formula will look like this your personal difficulty x estimated time to win.

First, we need to calculate how much our personal difficulty is by going to this tool:

Here you have to input two variables

Staking amount: the amount of SIT that is or will be in your SIT staking wallet address

Plot Size: amount of your plots in TiB

The output is your difficulty factor, in my case 3,398 So now let's use the simplified formula to calculate our real estimated time to win.

Difficulty factor x estimated time to win = real estimated time to win

In my case that would be 3,398 x 3 hours = 10,2 hours to win a block

So, how to Stake SIT? 1.Windows Enter the amount that you want to stake in the tab of Stake then click STAKE to confirm. If you need to withdraw your SIT, just click WITHDRAW. That is it.

2.Linux - The staking fo Linux system need to check your staking address, according to your plots: $ sit farm summary ... Staking addresses: sit1x6jjvepyvjv7395nmtywvx9mknshgy78dsmuu38m0e9grxr080nsltjugr (balance: 0, plots: 27) ... - Stake your SIT to staking address: $ sit wallet send -t sit1x6jjvepyvjv7395nmtywvx9mknshgy78dsmuu38m0e9grxr080nsltjugr -a 1 - Wait transaction confirm then check the staking balance again: $ sit farm summary ... Staking addresses: sit1x6jjvepyvjv7395nmtywvx9mknshgy78dsmuu38m0e9grxr080nsltjugr (balance: 1, plots: 27) ... - When you want to withdraw your SIT: $ sit wallet send-from -s sit1x6jjvepyvjv7395nmtywvx9mknshgy78dsmuu38m0e9grxr080nsltjugr -t $RECEIVER

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