Very rough estimate of your next staking reward


#1

Lot of people ask when to expect next staking reward

There is a very thourough explanations on the topics of Staking in your wallet and on topic of bitbay staking schematics

Here is how to get a very rough estimate on how often you will get staking reward

Lets say you have 10,000 BAY in your wallet

Go to https://chainz.cryptoid.info/bay/#!extraction and get the % of coins staking

Coins staking is roughly 37% x 1,000,000,000 = 370,000,000

The chance to stake a block reward at any given time is roughly 10,000 / 370,000,000 x 100 = 0.0027027%

Since every day there are 1350 blocks your chance to get a reward any given DAY is 0.0027027% x 1350 = 3.6%

Roughly you will get your chance to get a reward any given DAY is 0.0027027% x 1350 = 3.6%

Which means IN AVERAGE you can expect a block every 100/3.6% = 27 days

Or to put it another way you can expect roughly 13 rewards a year (3.6% / day x 365 days = 13,14)

Remember those are only statistics and rough estimate, the reward does not come exactly on 27 days, sometimes it will come faster some times slower …