BitcoinFast algorithm is scrypt, proof of work (PoW) and proof of stake (PoS).
The reward for PoW is 10 BCF. PoS is set at 25%. These minted coins are shared equally amongst BCF Wallets.
The Weight of the Network is a figure given to the All the coins that are actively Staking on the entire BCF Network. The Coins in your Wallet that are availble for Staking also has a Weight. You have a good chance of Minting some new coins. However, if the Weight of your Coins is low then the chance of you Minting some new coins are remote. The Weight of the Coin is simply based on Coin Age. As a coin gets older as does the weight and your chance of Minting coins increases.
It is true that to mine any coins your wallet must be open. If your wallet is closed it can not be part of the lottery. However the PoS rewards do NOT take into account the length of time a wallet is open. If you open your wallet for a few hours once a month you will receive roughly the same amount of coins as someone who is staking 24/7. The 24/7 Wallet will receive many more smaller amounts and the wallet open infrequently will receive less but larger amounts. The total will roughly be the same. The issue with doing this is that when a wallet is not open for a long period of time, then is opened again, the amount of potential Staking weight created by that wallet will be very high while the rewards catch up to meet the 365 day inflation calculation. The ideal situation is to leave the wallet open 24/7 so it provides a steady amount of PoS mining power on the network and acts as a node for gaining consensus.
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