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Add info about MRC and claiming rewards
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makeasnek authored Oct 25, 2023
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Expand Up @@ -141,7 +141,15 @@ <h5 class="text-center mt-5">2) Running the Wallet to Stake</h5>
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o) Keep the wallet up to date as updates are released
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<h5 class="text-center mt-5">3) Bonus Step: Sidestake to Help Gridcoin's Development</h5>
<h5 class="text-center mt-5">4) Claiming Your Rewards</h5>
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<p>Your crunching will accrue rewards (shown as "pending reward" in wallet). This reward is based on a rolling average of your credit on BOINC projects called RAC (recent average credit), which means it will "ramp up" when you start crunching and "ramp down" when you stop. It will take approximately <i>two weeks</i> to reach your maximum average daily reward. There are two ways to claim your rewards: an MRC request or staking a block. </p>
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<li>You can make an MRC request at most every two weeks (you must wait two weeks for your first request). The longer you wait between requests, the lower the fee will be. The fee funds development and pays a staker to stake a block for you. To make a request, click the purple hand icon.</li>
<li>You can stake a block. You will need approximately $60 USD worth of Gridcoin to stake <i>on average</i> once a month. Staking collects your rewards with no fees and you also collect fees from other transactions in the block you stake</li>
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<h5 class="text-center mt-5">5) Bonus Step: Sidestake to Help Gridcoin's Development</h5>
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<p>Gridcoin has a fun feature called <i>sidestaking</i> which enables you to donate a portion of each stake you make to Gridcoin's development. This isn't required of course, but it helps us add new features and make sure more people can learn about Gridcoin!</p>
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