Jump to content

Recommended Posts

A full tutorial on how to Stake Denarius Coins - D.

Staking Denarius is as easy as accumulating Denarius coins, sending into your own QT Wallet and waiting the initial 8 hours for the coins to mature to be ready for staking.

First we need to get a Denarius Wallet so we have a D address to use for staking.

The place to download the latest wallet is from Github under releases. This has a section for latest released wallets compiled by the main Developer, Carsen Klock. https://github.com/carsenk/denarius/releases

denarius-wallet-binary-release.thumb.png.baf275c1befdeaefbe8e436335428275.png
Direct Download Links
Windows - https://github.com/carsenk/denarius/releases/download/v3.3.9.1/Denarius-v3.3.9.1-Win64.zip
MacOS - https://github.com/carsenk/denarius/releases/download/v3.3.9.1/Denarius-v3.3.9.1.dmg
Ubuntu - compile yourself

Windows

We can store the QT wallet .exe anywhere on your PC. For example, you can make a folder called
c:\crypto\denarius
and store the QT wallet .exe there. Come up with a location to run the .exe from and copy the .zip you downloaded and paste into this new directory. ctrl+c to copy and ctrl+v to paste, or right click for copy and paste commands in Windows File Explorer.

Unzip the Denarius.zip file and you will see denarius.exe. This is the QT wallet. Double click this executable file, and the wallet will start up. In the background the wallet will create a denarius.conf file in the blockchain directory and start to sync.

Congratulations, you now have a Denarius address!

hint: The blockchain data is defaulted to store in C:/Users/<yourname>/AppData/Roaming/Denarius

When Carsen releases a new wallet, all you do is close the wallet, overwrite denarius.exe and double click to run again.

MacOS

hodl

Ubuntu

hodl

  • Like 3

Join Denarius Discord - https://discord.gg/JQEmXwb

Share this post


Link to post
Share on other sites

After we have a Denarius wallet and address setup, we now need some D coins. Its suggested to have minimum 3 Denarius coins for staking. More Denarius coins will always be better if you want to stake more frequently. There are a couple of basic ways to do this.

Buying with Bitcoin using an Exchange

Starting off with some Bitcoin we can go into one of the exchanges trading Denarius.

Coinmarket Cap list of Exchanges https://coinmarketcap.com/currencies/denarius-dnr/#markets

Come Into Discord for Airdrops

https://discord.gg/JQEmXwb

Mining

Mining is a whole other topic that has its own basic guide.
A good list of mining pools https://miningpoolstats.stream/denarius

  • Like 3

Join Denarius Discord - https://discord.gg/JQEmXwb

Share this post


Link to post
Share on other sites

Now that we have a wallet with address and some Denarius coins, we look at staking your Denarius crypto coins.

The way staking works is that D will stake at 6% over the year. 33% of that 6% goes to fortunastake (masternodes). Staking wallets and fortunastakes both help to secure the Denarius blockchain.

To get an idea of how much you can receive daily with 100 D.

100 D * 0.06 = 6 D per year
6 D / 365 days = 0.01643835 D per day
0.01643835 D * 0.67 = 0.01101369863 D per day with 33% going to FortunaStakes

You can leave your wallet open constantly and help verify transactions and stake frequently, or open your wallet every once in a while to stake. This is up to you. I prefer to leave the wallet open constantly staking, as Denarius is a hybrid cryptocurrency during the Proof of Work and Proof of Stake phase.

The safest way to stake your coins is by unlocking the wallet to only stake.

unlock-wallet-staking-only.png.70221cdcd47aaaad5a6eb205ec42f541.png

unlock-wallet-staking-only-icon.png.f4a63e9c8ed03075fe94b9c1a0208082.png

Another option if you are planning to transfer Denarius coins to someone else is by fully unlocking the wallet.

wallet-unlock-full.png.77499ef8b58973046610b01923ac2108.png

staking-full-unlock-icon.png.577d64770707283468c2d5115b12641d.png

  • Like 3

Join Denarius Discord - https://discord.gg/JQEmXwb

Share this post


Link to post
Share on other sites

Staking Information in Denarius QT Wallet.

First turn coin control on in the QT wallet.

settings -> options -> Display tab

Checkmark the Display coin control features (experts only!) and click OK.

coin-control.png.9aa7b21a6717b17c1aa9739a01518d42.png

We can now see some more information if you go to the Send tab -> Inputs

coin-control-send-inputs.png.b06ec1cb606fa812a3f7d00c5f6d9753.png

Browsing around that we can see whenever you send or receive Denarius coins, your inputs will change. Each input can be staked. Each input has its own coinage that increases its odds for staking.

Go to the Staking tab for some more information for each input.

staking-tab.png.3d91a54ee7496217c71f0886a969fac2.png

In here we can sort by Transaction, Address, Balance, Age, Coinage, and Stake Probabilty.

staking-Denarius-coins.thumb.png.e9fad2fc4ef9a83ab43d59402429cf29.png

Now we have a better idea of when we will stake. In this example I left the Display staking probability within to 10minutes.

staking-probability.png.a303d7098a9a0cf7f9a24103f353652d.png

I am always curious what will happen in the short term as I enjoy staking Denarius cryptocurrency.

  • Like 1

Join Denarius Discord - https://discord.gg/JQEmXwb

Share this post


Link to post
Share on other sites

Coinexplorer has some useful information that's similar to the QT Wallet staking probability tab.

https://www.coinexplorer.net/D

Go to one of your addresses by typing in the address into the search bar and lets see some more staking information. What we are looking for on our own address page is the See Address Unspent Outputs page.

coinexplorer-unspent-outputs.thumb.png.fdccec0b26b3a8163c4b5743ecdf0f06.png

In the Unspent Output page we can see all of the inputs waiting for staking in our own wallet to this particular address. AVG Days to Stake is what I am looking for. In this example we can see roughly how long it might take for that amount to stake. Typically a 3 D input  will stake within a few days of maturing.

coinexplorer-unspent-outputs-page.thumb.png.1e83e7788203fe98e4a34bfaed4b8b4f.png

  • Like 2

Join Denarius Discord - https://discord.gg/JQEmXwb

Share this post


Link to post
Share on other sites

ChainzID Block Explorer has useful information regarding the overall network.

https://chainz.cryptoid.info/d/

I like to look at the extraction page to see how much staking is going on per the last 100 and 1000 blocks.

chainz-extraction.thumb.png.fc390ec7e7ee9081211c09868c635585.png

Since we are still in Hybrid POW/PoS phase we can see that Proof of Stake is currently about 50% of the network block solving. This means during POW, each block being solved by PoS is removing 3D from the circulating supply. The higher the PoS solving daily, the less Denarius coins are being created overall. Less Denarius coins circulating makes this cryptocurrency more rare the more people are staking.

  • Like 2

Join Denarius Discord - https://discord.gg/JQEmXwb

Share this post


Link to post
Share on other sites

and really if you have any worries about staking, buzzkillb is a professional person who does not hesitate to help you. I had the chance to meet him on the discord forum and he really told me the steps to follow and it worked !!! Thank you again for your help and your ease of listening and your adaptation to the person who needs you!

Congrats for your works

  • Upvote 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

×
×
  • Create New...