Hello guys,
welcome back to the guide how to get the maximum out of your personally vPiggy.
You set up the wallet you like shown in #3 how to set up a 3rd Party Wallet - perfect. Now its time to either let your Telos stake or the coin you like to!
1.) Log into your vPiggy
2.) Basic knowledge.
Every so called input can stake - so every transaction you recieved is trying to stake on its own.
As you heared in Post #3 the "suggested" inputsize for PIVX is 550, for other coins its different - you have to look in the Block explorer with the POS Option. Id strongly recommend using Telos + 1 on your first piggy so you can create even more Telos to get more piggys (remember it has ZERO running costs!)
3.) pivx Forks have either the very convinient UTXO Splitter in the graphical interface - or not
Since its easier to use Id show the -qt Wallet Workflow first.
4.) start the wallet and get a new adress for staking
5.) go into configuration - enable coin control (if you do that you can as well activte the MN tab if you want to have a MN as well - but that comes in a later post.
6.) Create the inputs you like to have using the -qt wallet
Gratullation - you have now split your 20484 coins (in that case) into 39 stacks with 525 each and sent it to your staking adress. As soon as they are mature they can stake.
7.) Setting up the stakesplittreshhold
Depending on the Stakesize you want to have you use that x2.
8.) if there is no UTXO splitter in the qt wallet (like Telos is lacking) just activate the stakesplittreshhold. It will quite stack fast in the beginning halfing your stack every time you get a stake.
Sadly I havent found out the command to do it per command line.
9.) multisend
If the coin supports multisend Id recommend using it since it make the life much easier.
The result would be that every stake and every MNreward will go to a collectoradress from where you can either send it to an exchange or use it to build a new input for staking.
Gratullation - you now have a staking Telos/PivX wallet which generates quite some roi instead of just owning the coins.
cya in Episode 5 - encrypting / BIP38 / creating the "coldwallet" from a MN
