eGOLD Stacking!
Today, those who are interested in cryptocurrency and do not know about staking are just wasting their time, seriously. That’s especially true, if you are a miner; and even more so, if you decide to mine!
Give up this idea, there is something easier, more practical and more profitable, of course — staking, staking, and staking!
For those who are not in the know:
Staking is an alternative to traditional mining and an analogue to seigniorage in case of fiat money (income received from the issuance of cash and non-cash money. It is calculated as the difference between the cost of banknotes printing and their denomination. E.g., it costs 12 cents to print one 100-dollar bill. Hence, seigniorage of such a banknote issue will be 99 dollars and 88 cents).
Now there is no need to maintain ever running, noisy mining farms to mine cryptocurrency — keep staking coins!
The more coins you have, the higher the profit.
Running a bit ahead, we want to let you know up front that holders of eGOLD coins have +4 % and +1 % vs. node holders (and +1 coin for each transaction) monthly.
See, solid pros!
Pros and cons:To mine cryptocurrency in the traditional way, you will need to purchase expensive equipment: video cards and ASICs, which consume much energy and require certain skills.
Staking is a greener and more energy efficient way to create a new chain of block in the network. By keeping coins in your wallet, you thereby maintain the blockchain network. The stacking process consumes significantly less electricity and does not generate heat.
Many cryptocurrencies working on PoS "hold" coins for a while, while in eGOLD, fees accruing every second can be used whenever you want. In addition, usually, wallets that support staking must be active for the process to continue, while in eGOLD, staking is running all the time.
Most coins that support staking require a certain amount of coins to be kept in the account to start the process. E.g., for now, Ethereum is gradually switching to a staking algorithm and obliges its holders to have at least 32 coins on their accounts. EGOLD does not have such limitations and you can keep any number of coins in your wallet — the staking process starts immediately and goes every second, continuously.
One of the additional benefits of staking is that the coin holder does not need to have the technical skills to run and maintain operability of a computing machine. You just need to create a wallet and keep coins in it. What could be easier?