Proof of Stake and the benefits of Staking POS coins!
If your new to the crypto space and don't quite know or understand what Proof of Work / Proof of Stake is I quickly break it down for you in this video. Also I show you how much I am making daily Staking Condensate Coin ($RAIN).
Thanks for this I don't know much about PoS but I'm interested in learning more so will check this out!
Awesome thank you. Let me know if any questions!
Watched the video it was really useful thanks. How long did it take you to accumulate $95 in RAIN?
Almost a month, I broke it down at the end of the video. At the time of the video it was roughly 3.7 USD per day and I was staking for 26 days. I have since increased my bag some more so my numbers are skewed. But ill make another update video soon.
Sounds like a good ROI. How much Rain do I have to buy to get the same return as you?
Current market $900. As I mentioned in the video I started buying majority around 100sats. But I think its a great coin with active dev. Im a long time hodler.
I might be late to the party but EMBERcoin (EMB) gives out 720% annually. I have had it for almost a month and have accrued atleast 10x on my original investment because the total staking weight was only at 25% of the total supply... so we were seeing daily rewards at 10-20% of our current total coins! People are starting to find out about it now but give it a look.
There are active devs updating the wallet and I think they want to add masternodes (which I don't agree with). They are active in the discord chat. I would start out with atleast 5 million coins to have a good weight.
Note: There is an issue with the peers data file but the discord chat has the fix listed out (hence some of the upcoming wallet updates). Very easy.
Site: Embercoin.io
Discord: https://discord.gg/xHvUbp
Buy: https://www.cryptopia.co.nz/Exchange/?market=EMB_BTC
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