Hi guys i have a 2$ reward in bitcoin if anyone can find me a video that shows the procedure of the Potcoin wallet update

http://www.bitfortip.com/question/show/67c6a1e7ce56d3d6fa748ab6d9af3fd7

I need someone with experience building transactions from the CLI on linux (well any platform) to pm me.  I have some questions.  Thanks!

I don't understand all of the above but is this coin still mineable?  All the wallets on exchanges are in maintenance

https://www.youtube.com/watch?v=qV5R80OcXdI&feature=youtu.be
how about that one..

It's minable right now but will POSv in about a week.

exchanges are having problems once it goes POSv and everyone is up to date then the exchange will probably enable the wallets

Redditor RealBadDan made the video after i posted it that.

https://www.reddit.com/r/potcoin/comments/3fiasl/ive_created_a_small_reward_2_if_anyone_can_make/

He refused to take the reward and it's not longer available.

 We are on block 94000

POSv hits 97500.

If my calculations are correct.

97500-94000=3500 blocks to go..

at 40sec blocks that's only 38 hours till POSv.. whoo hooo..

975,000 - 940,000 = 35,000

35,000 * 40 = 1,400,000 seconds or 23,333.33333333333 minutes or 388.8888888888889 hours or 16.2037037037037 days.

You missed some ZEROs  

We have 16 days give or take till it kicks in. The stake rate is 5%, but I believe that with this being POSv 2.0 there is code for it to split the 5% of the total money supply among those actively staking, if I am correct, that means that if 50% of the coins are actively staking then the effective rate for those coins would be 10%, this is a decent incentive to get the coins off the exchanges and actively staking. I looked through the code and I think I found the relevant chunk of data but I am not a code monkey, if someone who understands source better than I could look through it and confirm, that would be awesome.

All POS coins are designed so that your incentivized to keep the wallet and therefore a node open and running 24/7 to help secure the network.
Coins like caps, hbn, hyperstake have a max subsidy per stake, depending on the amount of caps your staking, you might be throwing money away by having it stake only once every few months. POT doesn't have that, so yes, you can open it once a year and get your 5% likely almost immediately depending the coin age, but your better off and so is the network if you can leave it open and unlocked more often to help support the network. Compounding won't be much, but it will help your coins grow a bit faster.