Archives: Nodium basics: How to use coin control
Introduction
If you don’t have enough XN for a Masternode or want to stake your Masternode rewards Coin Control is a great step to make.
There is 14 XN per stake. The more XN you have in your wallet the more often you get a reward. The stake rewards combine with the generating input. It will create more parcels which you can combine into a big one with Coin Control. This will increase your weight and get you rewards more often.
How to implement
When you’re in you wallet you:
- Go to settings > Options > Wallet > Click Enable coin control features
- Go to send tab and click ‘’Open Coin Control’’
- Select all the coins you have and then click ‘’OK’’
- Go to file > Receiving addresses > Copy your address
- Go to the ‘’Send’’ tab and paste your address
- Enter the ‘’After fee’’ amount on the top right corner into the ‘’Amount’’ box where you send the coins.
- Hit send and yours coins are now in one parcel!
- You can check this by going to the ‘’Open Coin Control’’ tab again.
We suggest doing this every stake. Every time you use coin control your coins will have to mature again but since the maturity time of XN is only 60 Minutes this is no problem.
Contributors: We’d like to thank Rens for submitting the article via our discord
This is a re-post from archived Medium publications. Nodium is now working via Steemit exclusively.
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