Delegating their coins, every user wants to know what level of reward they should expect, how much, and how often. Below, we’ll try to give you the tools necessary to answer those questions.
What’s the reward?
You’ll receive rewards in Minter’s base coin — BIP.
If your delegated stake isn’t in the blockchain’s native coin but in a custom one, it has a delegation price (you can view it at Chainik.io). This price is what the delegation rewards will be coming from.
For example, you delegate 2 000 000 BTCSECURE, the delegation price is 0,04141 BIP (rounded to 5 decimal places), then 2 000 000 x 0,04141 = ~82 820 BIP.
The rewards will be for 82 820 BIP.
This price may also be viewed in BIP Wallet.
How often do rewards come in?
Delegators receive rewards for every created block (~5 seconds), but for convenience, the wallet balance updates every 60 minutes.
For example, if you get 5 BIP for a transaction block, your wallet will receive 3 600 BIP in 60 minutes (720 blocks generate in 60 minutes).
How do I calculate my approximate income for a day, a week, a month?
There are multiple ways to do so:
Using the Telegram bot Minter Info Bot
The approximate income for a day/week/month is calculated with the implication of re-delegation of the received rewards.
As an example, let’s say we have a stake of 1 000 000 BIP.
- Reward for 1 minute: ~0,86 BIP
- Reward for 1 day: ~1 238 BIP
- Reward for 7 days: ~ 8 687 BIP
- Reward for 30 days: ~ 37 749 BIP
- Optimal re-delegation amount: ~ 3 149 BIP
- Optimal re-delegation period: 2 days 13 hours
You can subscribe for free to receive notifications for when the optimal redelegation is due.
Using the official chart on Minter Explorer
- Paste your wallet address into the search bar and click Go
- Select the Rewards tab
- Scroll to the bottom and you’ll see a profitability chart for the last ~6 months
If you re-delegate the rewards on time, you can calculate profitability for a day, a week, or a month quite accurately.
Using the calculator from BTC.Secure
- To estimate, go to https://btcsecure.io/network
- Select BTC.Secure or BTC.Secure 2.0 (no difference at the moment, both validators have a 10% fee)
- Press Delegate
- Drag the slider according to your stake (equivalent in BIP)
This calculator has some special properties:
- The profit is calculated for a validator fee of 10%
- Stake size scaled by 1 000 BIP
- The stake size in the forecast ranges from 1 000 to 1 000 000 BIP
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