As of February 26th, 2019, at approximately 17:00 UTC — the exact block height the transition occurred was at block 437600. Energi (NRG) is now fully transitioned to a Proof-of-Stake (PoS) consensus model. We are so excited to now have a method that will allow NRG holders to easily stake their coins onto the main net and earn rewards!
This article will be a step-by-step guide on how you can stake your Energi with the Energi Core Wallet (These steps are for both PC and Mac versions of the wallet). Before staking your coins, please be sure to download the latest wallet software to avoid any problems syncing with the network. You can find the latest release on our downloads page at https://energi.world/downloads/
Open your Energi Core Wallet and make sure it is fully synced to the network and encrypted (highly recommended).
Confirm your Energi address has a balance of 1 NRG or more (a minimum of 1NRG within your Energi address is required to use PoS).
Stakes are regular UTXOs of at least 1 NRG in amount except special case of 10,000 NRG and age of at least 1 hour.
UTXO is Unspent Transaction Output which can be most easily viewed in Send tab through Coin Control functionality (disabled in settings by default) or via “liststakeinputs” command since v2.1.1.
The amount of particular Stake is used as a multiplier for PoW-like hash target.
Once your wallet fully synced, navigate to ‘Settings.’
From ‘Settings,’ select ‘Start Staking.’
Once you have selected, ‘Start Staking,’ you will be required to enter in your Passphrase. If you have not already created a Passphrase, it is highly recommended that you use one to keep your Energi coins secured and make them only accessible by you.
Once that is completed, the ‘arrow’ icon at bottom right-hand corner should soon turn green and should change messages from, ‘Staking is disabled’ to ‘Staking is enabled’ when you hover your cursor over.
It is required to have your wallet remain open and connected to the network in order to earn rewards.
You are now staking your Energi and will be eligible to earn Energi!
Energi’s PoS will distribute 10% of the newly emitted Energi per month to stakehodlers. To determine how much Energi participants can earn when staking, let’s use the following numbers as examples. If a user is staking 5,000 NRG and there is a collected total of 2,000,000 NRG being staked, multiply by 10% of the newly emitted Energi (100,000 NRG) to determine the monthly return:
(5,000 NRG / 2,000,000 NRG) * 100,000 NRG = Monthly Return
That is an astounding 60% yearly return. This is arguably the largest rate of return any cryptocurrency has to offer their stakehodlers.
To calculate current staking returns, please use the calculator to determine how much NRG can be earned when staking. Click on the link to use our staking calculator: https://explorer2.energi.network/