For a first time staker do you still get rewards

Question

Mina Protocol

Ultra Utility

For a first time staker do you still get rewards

for the first 30 days even though you don’t receive them? Or do you literally get no rewards at all?

#blockchain #cryptocurrency #english #mina

0

09.05.2023

12 ответов

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Talha | b62.io ~

All prizes distrubiting after 30 days. So its not 30 days no rewards, its just a delay. Your first reward will distrubite after 30 days.

0

09.05.2023

Contau | Piconbello Prep

Talha | b62.io ~
All prizes distrubiting after 30 days. So its not ...

To add up, essentially that period of no rewards for 2 epochs is rather neutralized in case your balance goes to 0 any time, you will get 2 epoch worth of rewards with 0 balance.

0

09.05.2023

Talha | b62.io ~

Contau | Piconbello Prep
To add up, essentially that period of no rewards f...

Yeah, thanks! 🙏🙏

0

09.05.2023

Ultra Utility Автор вопроса

Talha | b62.io ~
All prizes distrubiting after 30 days. So its not ...

Ah okay. So I’ll get a full month of rewards in 30 days?

0

09.05.2023

Talha | b62.io ~

Ultra Utility
Ah okay. So I’ll get a full month of rewards in 30...

No. As Contau said, everything comes 2 epochs later. So after 30 days you will get the first epoch reward. When everything is done and you withrow all balance from your wallet, you will be rewarded for 2 epochs for +30 days.

0

09.05.2023

Ultra Utility Автор вопроса

Talha | b62.io ~
No. As Contau said, everything comes 2 epochs late...

Okay makes sense. So I’m basically delayed my rewards by 30 days, but when I eventually send my full balance out of my wallet then I will be given the additional 30 days which I did not receive?

0

09.05.2023

Contau | Piconbello Prep

Ultra Utility
Okay makes sense. So I’m basically delayed my rewa...

Think like this, every epoch's end, your balance is recorded to the chain and your staking balance is updated 2 epochs later. Hence, when you first start staking, despite your balance being more, your staking balance will be 0. Let's say, after epoch ends, you add some balance. Then, this balance is again added to the staking balance after 2 epoch delay. Hence, the first reward you will get will be based on your balance 2 epochs before, same applies for all rewards

0

09.05.2023

Ultra Utility Автор вопроса

Contau | Piconbello Prep
Think like this, every epoch's end, your balance i...

Right but if I start staking now then am I still earning rewards? I will still get these rewards but they are just delayed?

0

09.05.2023

Contau | Piconbello Prep

Ultra Utility
Right but if I start staking now then am I still e...

For the first two epochs, you won't, since your staking balance will be 0 when you first start staking. However, this is kinda neutralized if you withdraw all your balance, you will get 2 epoch worth of rewards

0

09.05.2023

Ultra Utility Автор вопроса

Contau | Piconbello Prep
For the first two epochs, you won't, since your st...

Oh okay I think I understand. So if I eventually withdraw my full balance from the wallet then I will be given my full balance plus rewards plus rewards for 2 epochs which I didn’t receive at the beginning?

0

09.05.2023

Contau | Piconbello Prep

Ultra Utility
Oh okay I think I understand. So if I eventually w...

Kinda yes, but keep this in mind, the first reward you get will be for single epoch, the third epoch you stayed staking in the system. When you withdraw, you will get your rewards based on your balance 2 epochs ago

0

09.05.2023

RomantikSaddam · Accepted Answer

RomantikSaddam

You still get rewards.

0

09.05.2023

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For a first time staker do you still get rewards

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