How to Stack MiamiCoin
- When you stack your MiamiCoins, you will receive a portion of the Stacks ($STX) transferred by miners. The amount of STX rewards you receive will be proportionate to the total stacked in that cycle.
- Once you elect to stack your MiamiCoins, you must wait until the end of the reward cycle before being able to claim your STX rewards and MIA tokens again.
- You can commit your MiamiCoin for a maximum of 32 cycles at a time. There is a cooldown period of 1 cycle after your selected number of reward cycles end.
Getting Set Up
Step 1: Download the Stacks Web Wallet extension to your browser and create a Stacks wallet, or log in with your existing secret key. Your Stacks web wallet will hold your MiamiCoins and allow you to interface with the dashboard.
Step 2: Once your Stacks web wallet is set up, open the dashboard and select “Stack” from the navigation bar at minemiamicoin.com, a community built mining and stacking portal.
Step 3: Input how many MiamiCoins you would like to stack and select “Continue”.
Step 4: Determine how many reward cycles you will want to Stack. Keep in mind that reward cycles are approximately over 2 weeks long, and you will not be able to receive your $STX or $MIA rewards until the cycle has been completed. Once you have determined the amount of your rewards cycles, select “Send Transaction”.
Step 5: You will be prompted to confirm the activity to the Stacks blockchain. Your transaction may take up to 10 minutes to confirm.
Please also see the visual guide (3 min) below: