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What is a Proof of Stake (POS)? How to dig a POS coin? July 06, 2018, 04:21:09 AM #1

What is a Proof of Stake (POS)?



POS is an acronym for Proof of Stake. To explain it, it is a kind of coin-based algorithm for digging.



It's like depositing savings instead of cash, so here you pay by coin and earn interest in % per coin.



For example: Coin X stipulates that each month you pay a stake of 15% per month and you send 100 coin into your wallet at the end of the month. You get 15 more coins totaling 115 coins. Depending on the type of coin that has a stake time and how to pay different coin.



Advantages of POS:



The first is that you will increase the amount of coin in the hold time. Instead of keeping the coin on the floor, you will not have more coins. So even if the price is down, you can still make a few words because of the amount of coin you have.

The second is that the machine does not need to configure coin, just need to connect fiber optic cable to 24/24, then you can dig it. The cost of digging is extremely cheap and especially if you dig with coin, if you do not like to dig anymore, transfer the coin to the floor and sell it.

100% secure stitching because it has back up. Interest is terrible with some coin (eg BUZZ interest up to 100% per month). However, many coin only 10% per year.



The POS line will become a new trend after the ICO. According to the information you learn, ETH is about to have POS then you. Follow the trend to make more money.



Cons of POS:

Interest is estimated only and at staking it will not reach that level.

Example: BUZZ is theoretically 100% per month but last month it was only 88%.

Staking is not always profitable if the Stake rate is lower than the downside rate of the coin you will lose.

Example: You stake 100 coin X at $ 1> cost $ 100 with 10% stake per month.

After the first month, you will have 110 coin and if the price is constant then you will pay $ 10 / month.

But the price of coin X is only $ 0.5 / coin x 110 coin by $ 55> you lose $ 45.



Special note:



POS can stick Scam because if you choose the wrong Scam coin to Stake then get coin and then sell to anyone.



After some time eating CAM you will have experience.



So how to dig a POS coin?

First: You need to buy coin at market price with the desired number of stake.



Next: Download the wallet of coin on the computer with this short time varying according to the type of coin.



Then: Let the machine run 24/24 to stake. Encouraged to buy VPS to stake.



Next: After the coin in the purse 1 time to grow and start to win the block.



Finally: When you do not want to stake, move the coin from the wallet to the floor and sell it.



Some experience when staking coin

As I said above, POS is coin in the form of shares.



This means that the amount of coin you are digging for depends on the amount of coin you are holding and the percentage of stakes that the DEV team of that coin allows.



For example: Coin Buzz rate is 1200% / year, EMB 7200% / year, B3 10000% / year



However, digging is not simply putting coins in your wallet and hanging 24/24 is that you will have such terrible interest.



To get the highest interest you need to have a high Weight to compete with the other stakers.



The goal is to get the block quickly to get the coin.



Explanation of weight and age coin

Weight here includes the age of coin and the amount of coin you need to staking.



Age coin: After loading coin into the wallet need time to coin mature (usually this will take hours to several days depending on the coin type.)



After the coin grows, the weight will increase. The higher the weight, the greater the chance of winning the block.



But, in the beginning it will take a long time to dig up the coin because:



In the first block after being weighed, all you have to do is just one block. However, this number will split into multiple blocks.

After about 1 to 2 weeks, the new income started to stabilize due to the netweight network has formed.

During the absolute stake, do not add or withdraw coins as these actions will wipe out the netweight net construction and wait for it to regenerate.