Topic: Altcoin staking - the new way to get altcoins and stay in the game (Read 10040 times)

Dear Diamond Community,

Thank you for your patience and understanding. Software development yet again proved to be a lengthy and complicated process, but we are finally releasing the new instalment of our beloved DMD Diamond wallet. As this long awaited release is now out, we set our goals and aspirations to delivering you Diamond 3.0 in the coming months. But for now, we hope you’ll enjoy this new software as much as we do.

And of course this release is also dedicated to all those who are holders of Legendary 10 Unique Cypto Assets. Their investment helped to push the sails of DMD Diamond ship to the new seas of opportunity and development. It’s the dawn of the Legends!

This release packs several exciting improvements:

- The bug that allowed for sending transactions in ‘unlocked for minting’ mode has been fixed. Now you need to enter a password each time you want to send coins.
However, as a known side effect of the fix, when unlocking the wallet in ‘unlocked for minting’ mode the lock button icon will stay "locked" at all times. If you press the unlock button the second time it would act correctly and will lock the wallet.
- Group stake trigger value increased from 100DMD to 150DMD which allows minting more old small coin piles faster.
- Scrape address functionality has been added (it allows setting up a target address for PoS rewards). A new target address (can be allocated separately to each address) can be set in GUI under the Receive Coins tab. It can be changed by double clicking on scrape address column. Please mind that if you change scrape addresses you need to restart the wallet for the changes to take effect.
- Stake Boost code implemented for Legendary 10 addresses and time limited promotion addresses which would go active on Tuesday 15 May 2016 12:00:00 UTC.
- PoW coin support share (0.01 DMD each block) has been removed and replaced with a coin support stake boosted address for similar effect.
- Automated coin selection for TX and minting, additional input is optimized for optimal utilisation of coin age.
- The code to enable same mining behaviour as [GRS] GroestlCoin was implemented but set to inactive due to community feedback and our long term fundamental developmental shift planned for DMD Diamond 3.0.
- The estimated ‘time to mint’ tool tip has been removed.
- Updated wallet version to 2.1.0.1.
- Newest OpenSSL has been used.
 
Please note that this update is mandatory with the fork date set to 15 May 2016 or more precisely everyone should update before block 1549200.
Please see Block Explorer for the current block height: https://chainz.cryptoid.info/dmd/

MINING POOLS: You need to adapt your pool software and remove coin support share after block 1549200.

LEGENDARY 10 holders: Please do not start minting before 16th May. After that date glorious days lay ahead and you can finally enjoy the boosted staking.
 
Source: https://github.com/DMDcoin/Diamond
Windows QT: https://github.com/DMDcoin/Diamond/releases/download/Diamond2101/diamond-qt-2101.zip

DMD has done the hard work to make it highly desireable.

compared to a year ago DMD has doubled in price, $ vise
and in that time frame people enjoyed 50% POS so in fact they almost quadrupled the value of their investment

16.02.2015 100 DMD = 15$
16.02.2016 they did become 150 DMD by POS = 48$

15$  -> 48$ = 320% value gain in one year!

Nice idea; FLY already uses a "SUPERFLY" reward system which pays staking dividends to users holding between 100 and 5000 coins, at absolutely no cost to users.  Modest requirements to be "eligible" for the rewards.

Additionally, XDE2 has a very few "special" wallets that have high staking rates:  https://bitcointalksearch.org/topic/annxde-ii-coinnow-300-pos-for-a-few-months-4hr-min-stake-only-100k-coins-1310435

DMD Diamond Auction closed, 8 legendary addresses sold.

Flycoin team seems to be preparing something interesting as well.

For more info, follow FLY thread, here is the link:

https://bitcointalksearch.org/topic/fly-coin-annswapping-to-las-vegascoinmasternodesdarksendstealth-instantx-1316737

6 out of 10 legendary staking addresses have been sold or received bids. 4 more to go with one being reserved. I suggest you take a look into this, only 5 days to go and there will be no other auction like this. This is a unique opportunity to grab a very nice crypto asset.

http://bit.diamonds/auction.html

Phase 3 of the auction is open, 3 Legendary addresses have found their owners so far.

If you would like to talk to a HONEST crypto development team and invest into a legit and scam free project, stop by to our Bitcointalk thread and talk to our community. After all, what do you have to lose.

Here is the link: https://bitcointalk.org/index.php?topic=580725.new;topicseen#new

Peercoin is nice and established.
1% annual stake, buy on lows and stake until high price then sell your stakes.

IW

What do you think about Peercoin? It is the oldest one with PoS, isn't it?

Thank you for posting this thread. Interesting and refreshing.
Long live POS coins & DMD. Of course, Diamonds ar Forever.

Just above 7 days until the second phase of DMD Diamond auction comes to an end.

http://bit.diamonds/auction.html

Also, in two weeks, DMD Diamond PoS rate will be halved, this means DMD supply will be cut in half. Whether this might have similar effect to the upcoming BTC block halving, it s yet to bee seen.

https://bit.diamonds/

I think both have good potencial and staking both in our solutions.
SwagBucks gives an usefull feature, and to build on this could be exiting to see where we end up.
G3N shows also positive development and progress, and looking forward to hear more from them now in 2016.

Happy staking!

IW

What do you think about the potential of the Swagbucks and Genstake? it seems the issue is slow and at moment doing quite great in exchanges

Thank for guide. It is good for me.

Due to BTC price growth, the initial bid for this first round of DMD Legendary auction s been lowered to 2 BTC.

More info here: https://bit.diamonds/auction.html

thanks for the guide, it is a really recommended read for everyone starting with the altcoins

A quick update on the progress:



Currently Auctioned Unique Crypto Assets are

&

in 2 Options - 3k & 15k capacity addresses with stake up to effective 100% boost.  

Hey guys,

DMD Diamond team has prepared something unique for PoS crypto lowers and enthusiasts.

Crypto industry has always been a synonym for innovation, creativity and opportunity to invest, however, recently there weren’t that many exciting things going on, until now…
DMD Diamond has linked the 10 most glorious diamonds in the world to their unique counterparts in digital world. These are not mere crypto assets, these are the one of its kind Diamond Legendary 10.

These crypto assets will come preloaded with enhanced capabilities and the epic feeling for their owners. Legendary 10 will constitute of 10 user selected DMD Diamond addresses which will be turned into the staking powerhouses. Value of the Legendary 10 assets is not only measured in monetary terms, because it also comes with honours, distinction and bright future.

Legendary 10 address assets feature forever staking boost that multiplies wealth of this unique crypto asset’s holder.  Legendary 10 will come in two options depending on needs of an owner who can choose between different stake rates. The maximum output is double the network rewards. Despite these benefits it poses no adverse effect on Diamond’s monetary plan rollout, contrary it’s there to keep it as pre-planned.

Legendary 10 is fully personalised and every holder has opportunity to leave their mark on crypto history. Legendary 10 holders become a part of the Diamond network in terms of security and prestige. Being able to attract attention will be particularly sought after feature by entrepreneurial people. The possibility of transferring these assets will ensure they forever keep their value just like forever is their staking boost.

Investment in Legendary 10 address asset is not only an investment in personal gain but also an investment in security, development and stability of the wider network that will back value of DMD Diamond investors’ portfolios for years to come.

Legendary 10 address assets will be redistributed via auction. Bidding for each and every of these truly unique crypto assets is going to be fierce so better prepare yourself well. The auction will be split into 3 stages with 2 Legendary 10 assets will be auctioned in the 1st stage, 3 and 5  in 2nd and 3rd stage.

Visit the auction page of the Legendary 10 address assets to taking part and find out more.

Auction page: https://bit.diamonds/auction.html

These crypto assets will form the Legendary 10 address assets that will come preloaded with enhanced capabilities and the epic feeling for their owners. Legendary 10 will constitute of 10 user selected DMD Diamond addresses which will be turned into the staking powerhouses.

Become a legend and:
stake up to x2 more than others
shine like a beacon of excellence
double secure your investment
turn into a foundation of the Diamond network
attract customers’ attention
and more….

Just keep in mind that each of the Legendary 10 address assets will be auctioned separately, in an epic bidding battle. Only the glorious will prevail in their quest to reach the Legendary status.

So waste no time and visit the auction page of the Legendary 10 for more details.

Auction page: https://bit.diamonds/auction.html

In addition to DMD, I have also invested into Flycoin recently. I think both coins are quite interesting and if you are into PoS, I suggest to take a look. 
If interested, here is the main Flycoin thread:

https://bitcointalksearch.org/topic/old-fly-thread-1154550

Let me re-post something another DMD community member posted:

Ah, I didn't have the time to check the charts. I though you meant "24% down" with "went 24%". Up is even better. Now I'm waiting for another round of staking. Regularly the wallet says "expected in 6 hours", but still takes about 3 days before something happens.

Nah, the price went up 24%. Now it s more less stable.

Big sell going on at a certain pricepoint? Or just movement of markets?

DMD Diamond price went 24% in the last 24 hours. How convenient. 

if u just aim for instant sell POS generated coins there are lot around
but risc is that over night u cant sell ur coins

in this aspect i enjoy stability of an 2 year old coin

the stability is easy proven because DMD Diamond did just this days face a dump of 3% of its total coins
and did just temporary lost some value markets quick rebuilding (hint hint ideal buy in time....)

thats a great prove of liquidity

DMD Diamond 24 hour trading volume on Cryptsy reached almost 16 BTC. A very nice day for trading.

I generally agree, DMD s not pump and dump coin and I prefer slow but constant growth over time. However, the market reacts the way it reacts. There will be another promo campaign later this month. Last time we ve had a lot of attention. Let see if we can repeat that.

I like DMD ... it's my favorite hybrid ... tops Peer and Nova.

But you guys have had a good run up ... my call is you'll need to cool your jets for a while ... but I might be wrong.

If you'd like to hedge your bets trade DMD for UNO pair on cryptopia.

In addition to Russian, DMD Diamond website s translated into Chinese as well.

https://bit.diamonds/index-cn.html

The promotion on Chinese forums will start soon.

DMD s about to hit Chinese market.

Well, dripping, I can still keep my head above the coinlevel

Nice, DMD raining for you I guess.

Yeah, I'd rather not get anything to do with Paycoin
I've been a customer of GAW and started liquidating my hashers there a month before the whole paycoin fiasco, I would rather stick to BTC or in this case DMD. I've just reopened my wallet again for a round of staking

If this is not a preferable option, you can always use Stakeminers.com, they pay in BTC or stake DMD youself. These are just different options for people who like staking.

They pay out in XPY, is that the paycoin from our dear friends at GAW Miners?

We are proud to announce another online staking and cloud hashing service joining DMD Diamond family.

Paycoin.asia has decided to add DMD to its portfolio of investments.

In case cloud staking is something which you might find interesting, take a look a their pages, here is the link: https://paycoin.asia/index/index.php

Paycoin.asia, welcome and we wish you a lot of fun and profits.

Now you can see how good was my advice. All these coins with high stake rates, Tek, Hyp, etc. have faced a significant price decrease while DMD Diamond and coins with lower PoS rate still continue growing.

Never let greed makes decisions for you.

i think this
https://www.linkedin.com/pulse/impressive-398-value-gain-9-months-helmut-siedl
(written before the last raise so it would be even better now......)

show pretty good why a POS and decreasing value over time is a urban legend

POS is like POW a way to secure network and rollout coins following a coinrolloutplan

(yes serious coins have a plan and not create their specs by what looks cool on first look)

DMD Diamond continues to grow, almost $0.6 per 1 DMD.

Let s see how long is it gonna take to reach $1.

No dumps, just steady and constant growth, take a look at the graph.

True, the main is still the volume, it s not bad but it can be even better. However, this s been steadily growing too.

I write all this to support my claim DMD Diamond s a long term and sustainable investment. If you want to play with volatile coins with high risk and rewards, this is not a coin for you.

I only say its way more unlikely that a huge coin like bitcoin drops to zero than an altcoin where only some whales need to drop and the world is ending. Manipulations in altcoin markets are even easier than on bitcoin markets.

again NO COINS move just because the BTC USD market moves. the only reason any coins market moves is becasue something in that specific pair has been bought or sold. the only way to move the BTC DMD market is to either buy DMD with BTC or sell DMD for BTC. What on earth ever made you think buying or selling on the BTC/USD market would have an effect on any other pair than BTC/USD I just cant understand. There are no indexes in crypto exchanges yet. So altho i said BTC was the gold of crypto it was only meant as the basis of crypto not the way gold serves the foreign exchange.


ahh grasshopper the POS force is weak with you, more research on POS coins you need.


You need to be just as careful when buying bitcoin, I know a lot of people who complained in this very forum because they lost all their money buying bitcoin, the difference is at least with POS coins you have a way to earn some of your losses back. You cant do that with bitcoin, you wont earn BTC by holding it in your BTC wallet now will you. So when the price falls at least you are earning a few coins here and there to make up the difference.


And here is why we have 2 hour transaction times in bitcoin, the developers, much like the bitcoin enthusiasts, feel as long as its worth more than their level of expectancy, theres no real problem to fix. To be quite honest absolutely any coin can go to zero overnight, ANY COIN including Bitcoin, if the right people with the power to make it so wants it that way it will be that way.we can already see huge manipulations in the bitcoin market . With enough coins anyone can make any crypto coin market go to 0 overnight, its that simple.

I only mean... the markets btc-poscoin mostly dont react on moves in the btc market. In fact, when these poscoins would have a fixed value they would get a lower value when bitcoin goes up and a higher when it goes down. Though that does not happen as far as i see.

So what everyone would need to watch about is that the bitcoin price is stable. It doesnt make sense when the bitcoin price is dropping by 25% in a week and your 100 pos coins are still worth the same amount of bitcoins. All the staking would be useless then.

You would need to be very careful about what you hold, you not only need to observe the btc-poscoin price but the btc price on top. Otherwise you can lose fast and your portfolio only has risen on the paper.

My observation so far.

And the forks (2 happened) are nothing that can risk bitcoin in total. Bitcoin wont break down to zero over night. Though that can happen with pos coins if one isnt cautious.

Clams are in a bracket of POS all thier own. To understand POS, using Clams as an example is the worst coin to use,. The mechanics of Clams is not like most POS coins, so the information you have is not based on the basic mechanics of POS it is based on clams and this is why you are so confused as to how POS functions in a larger aspect of things. The fact you believe holding more coins will not gain you higher rewards faster tells me you have a lot to learn about the real mechanics of POS coins.

Here is an example you buy 100 DMD put it in a wallet and just leave it connected, Ill buy 10,000 DMD and do the same who do you think will earn more coins staking after a 2 month period?

You do not manipulate a block, I really hate that terminology, no one is "manipulating" anything its called structuring. We are structuring blocks we dont manipulate them, its not like once you make a block you can change that value without effecting the age or maturity of the coin, to Manipulate a block there must be some unfair or unscrupulous action going on, what we do is structure the blocks in sizes that allow us to gain maximum rewards in the fastest amount of time. which is what all real stakers are attempting to do.



As I stated before the value of one coin is not based on the value of another coins market, it is based on the buys and sells of that particular coins market. if there is no movement on a market of a coin that is because no one is buying or selling it. If you see bitcoin value increase dramatically and an altcoin value does not rise in a day or two, this means investors in that altcoin market are not investing their BTC profits to buy into that market (this should tell you where that coins stands in the overall scheme of things) As you pointed out, there is a lot a trader can see from watching the markets. BTC is your basis, it is the gold of the crypto exchange, it tells you a lot about other coins and their value than just a bunch of numbers after a decimal place.



Bitcoin may never become "obsolete" but the flaws it is facing will hold it back and possibly move it out of popularity, once that happens the bitcoin developers will finally fix the real problems of bitcoin, and this new "No Fork" policy they have tried to implement will be abolished all together. Because in order to fix Bitcoin right now it is going to take a hard fork update.



hmm I have only one comment to this. https://bitcoin.org/en/alert/2015-07-04-spv-mining that about sums up that assessment of POS being broken in comparison to Bitcoin. And FYI in POS you will soon find out when something is broken the developers actually work together to fix it, I have been in a hangouts with 5 or more developers from 5 different coins working on a situation they found in the code and working together to fix the problem.



It is not happening because more and more people are realizing the true benefits of using POS coins. From the benefits of profits on sold products to the efficiency of mining them awareness is spreading like wildfire. As you saw in my post above its much easier to use an altcoin than it is Bitcoin. Transaction times are faster, the benefits are much bigger and mining them is more efficient.

As most newbies in POS you have a misguided understanding of POS coins in a large aspect of longevity. POS coins have inflation controls built in. If you find one that does not have some kind of inflation control built in than its not a coin to be using. FOR POS you do not need a huge Premine at all, its good to stat one as a POW/POS hybrid to jump start the chain, then offer a big reward phase in the first year of the launch then you will notice all good POS coins have some kind of diminishing reward system in place. Each one is a little bit different based on what the overall goals are for each coin.

I see i wrote my sentence not correct. I mean that not all pos coins are maturing so that you can stake more once you put your wallet online. Some, for example clams, only stake when you are online. Being offline does not give you an advantage. For those coins its best to stay in a pool since they will make sure to be online all the time. Having many coins doesnt bring much more reward because of lower variance. Over time it should be similar with solomining. Though of course a pool has a bigger chance of orphaning other blocks.

Of course there are the coins too that you mean, where you can earn more by manipulating blocks and staking overproportional more with more coins.


You mean value balancing? I observed clams a bit but i didnt see that they react on the btc price. With rising bitcoin price the btc-clam price should be lowering but it didnt happen. So when holding altcoins you might always have the risk of holding bitcoins at the same time. Which means you have to observe both prices if you dont want to lose.


Thats right. Im not sure though if bitcoin will become obsolete once. I believe pos-coins have their own flaws though they dont come to mind now.


Thats correct. But no one should forget that pos-coins broke already often in the past. Its not like they are a so stable currency like bitcoin. Most might be stable but they are a bit riskier. Thats something to keep in mind when using them.


Thats right. Though theoretically staking should lead to inflation, price should adjust to the amount of new coins. Though thats not happening for most coins for some reason. Guess its the peoples believe in the price.

Actually in order to actually "Stake" every wallet must be connected to the network, once you have staked you can then turn the wallet off and wait again until the coins have matured so you can Stake again. The benefits of joining a pool are not so much the fact we are connected to the networks but the fact you have the ability to gain more in returns, where your wallet may stake once a week, by adding your coins with ours you have the ability to possibly stake 10 times a day allowing you to earn much more in the long term of things.

You will not necessarily "lose" any stake actually, you have to know the coins you are staking, coins have a max age/weight. Watching this will really tell you the best time to be opening your wallet Other wallets have a reward based on something totally different its really a matter of the coin and its staking mechanics (passive, competitive, compounding, flat rate) not so much the time elapsed between when you open and close your wallet.


Actually history has proven Altcoin prices are heavily impacted by the value of BTC. The value of bitcoin itself is not what impacts the altcoin markets its the sell offs of the alts to recoupe the losses people see in the value of BTC. As BTC drops people sell (lets say DMD) they will sell a portion of their DMD portfolio to recoupe the losses they took from BTC value decrease. Because of this the DMD/BTC value goes down. As BTC rises up the opposite would happen now people have a little extra value in BTC at which point they can take their profits and buy some DMD to earn a little interest on the profit they have earned and wait for the drop again. Values of coins have absolutely no impact on the crypto markets its the buys and sells that impact the markets and their values.


POS coins will be the future, POW coins have a lot of flaws ahead of them in terms of userfriendlines, transaction times, difficulty rises, and mining efficiency, all of which will drastically impact the value of that coin. Look at right now for example, I can buy a new computer from crazyivan for 1 BTC it could take up to 2 hours for him to get the BTC with their transaction times (and dont quote any stats from blockchain.info i'll use real time experience not a biased chart that has misleading information) (EDIT: example I just sent 2 transactions 25 minutes ago, I sent one in bitcoin first "HIGH PRIORITY", to an investor requesting a fast withdraw, and one in Netcoin to our wallet, the funds from the Netcoin transaction have confirmed and are there, the BTC transaction has not had even 1 confirm in 25 minutes and its high priority) So from real user experience, it takes 30 minutes to 2 hours for an actual bitcoin transaction to go thru and be confirmed. Or I can send him 652 DMD for the computer and the transaction will be completed in less than 10 minutes. This is where adaptation comes in, who wants a coin that's going to take up to 2 hours to confirm when I can use one that takes less than 10 minutes.

How is using POS coins more beneficial to the seller than using POW coins? Well in our example, now crazyivan has 652 DMD he can break down into 3 blocks and put them in his wallet and he can actually earn a bit of extra profit on the coins he just accepted, if he puts his bitcoin in his wallet 3 weeks later he will still have 1 BTC. POS coins are a great utility for businesses actually as they can set their wallets up to stake and earn profits on the coins they accept after the sale of their products. This is something POW coins can not do.

So in conclusion if you accept a non POS coin and the value drops before you sell them off you take a chance of loosing some of your profit on the product you just sold, where as if you accept a POS coin and stake on those coins before you sell them off, if the value drops a little bit you may have earned enough in the staking to recoupe that dip in price and put you even farther up in profits even tho the price fell.

I know you mostly speak about DMD but thats not the case for all pos coins. Most of them only stake when your wallet is connected and you lose staking when youre not. Thats why pool staking or having a server is best for these coins i think.

Another thing you might want to mention, that i only learned lately, is that the price of altcoins often dont react on the price of bitcoin. So btc-dmd would most probably not adjust to a rising or falling bitcoin price. In theory it should, but it doesnt. So holding small altcoins mostly is like holding bitcoins on top. When bitcoins rise you will earn on top but when they drop you might make minus even though you stake or altcoin price is rising. Might happen.

Though there are some coins you can use to secure yourself against the bitcoin price. Though those arent pos coins i believe.

Just installed it a week ago and now opening it every now and then. Is there a plan to release a client that does not need the full blockchain? Because for example Multibit needs a hard reset every month or two but saves ages when not opened for a week or two. Diamond wallet takes roughly 5 minutes to just -start- syncing

2nd DMD Diamond bday is almost here, less then a week to go.

There is 2nd anniversary birthday cake competition currently running where you can win 250 DMD.

Take a look if interested,

https://bit.diamonds/community/index.php/topic,120.0.html

Sure, it would be my pleasure.

DMD Diamond wallet is a bit more advanced then most of other PoS coins wallets. All you need to do it get coins, place them in a wallet and leave them there. No need to split block, group coins, worry about difficulty, calculate mint age, etc. The wallet does it all for you. The only rule is not to move the coins from the wallet or you will reset your mint age.

About staking periods, the minimum staking time is 9 days. You can get coins, close your wallet and open it for mining once every two weeks, once a month, whatever you like, the wallet will calculate your mint age and stake accordingly.

Very simple and very profitable. DMD Diamond s also got very unique inflation control system which prevent overproduction of coins, you can get more info on the home page or main BTT thread from my sig.
About staking results, at current PoS rates, 1000 DMD stake just above 40 new DMD a month.

Once more thing, since DMD Diamond s a very old coin, 2 years old, it s got a bit long blockchain, due to many transactions. It s gonna take you about 2 days to sync from 0, this is normal and you need to do it only once.

Hope this helps.

Cheers.

I am totally newbie to staking, have some Hyperstake and Mintcoin and just downloaded Diamond, but I do not know really how it works.

For example Hyperstake says that 8.8 hours minimum stake, after buying some coins, they give me an estimate of 150+ days  besides this, the guides talk about unlocking wallet, gaining weight, block sizes.... I cannot understand and do not really know how I will gain more coins.

Similar with mintcoin, cannot foresee how much time would it get to mint some.

Can you explain how it is with diamond? It is just hold to coins and they will be multiplied? how much will it take?

Well, I told you guys this coin s extremely interesting. The price went up over 100% in the last 24 hours.
I m telling you again, DMD Diamond s going to double in price again in a couple of months time.

I d say the most interesting PoS coin by far. No pumps, no dumps, no premine, no scammers, just steady growth.

Interesting thread

Looking at DMD now

It does not get better then this. Also, all this is excluding 50% PoS annual interest rate.

This looks good. Let me have a look   Have some BTC idling at the moment, why not try this on the side

10.september 2014


29.june 2015


really no more promotion is required, let me just show you these facts. September 2014 compared to June 2015, price comparison.

DMD/USD  0.0685  -> 0.2731+398%
DMD/BTC  0.00014 -> 0.00108 +771%

I think 50% per annum is a very good reason for that would be in the game.
Neither bank deposit is not provide this level of income.
Even successful speculation with Bitcoin, at current prices will not bring a profit as diamond POS mining.
And every 1000 diamonds will bring you income ~ 10 DMD each week. 10000 diamonds is ~ 15 DMD per day.
This is equivalent to earnings with good mining farm.

Just above 2 week until 2nd DMD Diamond birthday.

This also shows how stable this coins is. How many alt coins you know, besides the big 5, which have been around long enough to reach year 3?

great post, thank you for sharing this. i'm very interested in PoS coins and staking to earn more so this a good starting point. definitely going to look at DMD

If you keep it open 24/7 u ll stake smaller amount cause you coin are not very mature. If you keep it closed for a month, your coins will be mature and you ll stake for the entire month during 1-2 days. So, no real difference, it s up to the user, nothing s being lost if you do not have you wallet open all the time.

Btw, DMD cloud promotion offering 60% ROI the moment you invest will end on July 13. Just a few more days for you guys to take this opportunity.

Ah, so keeping it open after a week until you hit a block and closing it would be enough? Because I had that my silkcoin wallet had a big serie of small hits throughout the day all the time. So I assumed I would lose a lot of the dust by closing it for longer times. That's what the thread for the coin said back then.

This is not true. You can open your wallet and stake once a week or once a month if you like. In the meantime, even offline, your coins gain age and once you unlock your wallet, they stake.
So, in this sense, PoS is much superior to PoW.

Problem with staking is that you need to leave the wallet open. In that sense, PoW also has it flaws, but has a more solid distribution if you start factoring in a lot of "noobs". Because depending on userfriendlyness, a lot of those will be joining (even more).

For example, my mum won't have her wallet open all the time, even if she made use of a coin every day for small payments.

Diamond continues to fly up!



Come fly with us!

https://bit.diamonds/

Nice share! With mining situation like this now, PoS is good choice.
AFAIK amber coin is legit right? But I must have 10000 coins before I ready for stake CMIIW

Also I want to hear about legit altcoin which legit and easy to stake, shoot me with PM is not problem

I absolutely agree with your vision for the future PoS coins. Do not turn your eyes away from the developers abandoned coins. They are so cheap now what is the absolute investment potential. The main indicator of a functioning network. I support one of these coins. It is GB. Surreptitious advertising. However, take a look.

Well, the number of PoS coins is going to grow as PoW diff continues to go up and home miners start searching for alternatives. This is why it is important to choose the good ones to stake.

Good review. I agree that you should not invest in coins the number of which has no clear meaning.
This is as paper money are printed to infinity, depending on the wishes of the government.
 I think that the diamond looks attractive financial instrument, although it has at the moment a small market. But this is understandable, since the coins will only be 4.38 million and currently produced just 1.08 million diamonds.

Also add that never buy coins marked * or ** Tagged on the site  http://coinmarketcap.com/
This coins from puppeteers and created for get rich quickly his developers.

Good points...I have also invested in DMD. ...Any other recommendations....sending you pm if you don't mind!

Sure, pls PM me and I ll gladly share my personal distribution.

Could you advice some others POS Coin for staking beside DMD Diamond. I do really have an interest about Staking

Hey guys,

I ve got a lot of experience with PoS, been involved into staking for almost a year. I strongly believe as soon as KnC produces these solar powered 16nm miners, PoW mining diff s gonna skyrocket so much and the only people who ll be able to continue mining are whales and ASIC producers. This means PoS and staking will take the role of mining for ordinary home miners. All in all, I think getting into staking is a smart thing to do.

Regarding coin selection, one needs to be very careful when choosing which coins to stake

A few things to consider:

1 ) How old is the coin and how long is their rollout plan? I personally choose coins at least 1 year old, possibly 2 years. If the coins s been around that long, this means there is a devoted dev team behind it and not only people who want to cash out and run. Coin rollout plan is related to how long in the future they plan to introduce new stuff and develop the coin. If there is a long term plan posted by the dev team on their pages, this is something to consider.

2) Premine. If there is premine, avoid the coin. These coins are generally set up by their dev teams to push the price up and then unload their premined coins and run.

3) Staking rate. I choose coins with up to 60-80% stake rate per year max. Those with 500-1000%, well this simply is not sustainable. Again, I m searching for coins I can keep holding and profiting from them in 2-5 years time.

4) Inflation control and the total number of coins available. This is very important. A good PoS coins MUST have a great way to keep supply and the number of coins under control. Coins with unlimited supply or coins with max supply of 1000000000000+ are usually not a good choice. Coins with medium quantity and high market capitalization are the best option.

5) Market capitalization, that is the number of coins available x the price. This shows the real stength of the coin, especially if this market cap s been rising over time. This means the coin s becoming more and more expensive, under condition the quantity s under control.

6) Liquidity. There s no point of holding a coin which you cannot sell. Generally, anything around 2BTC per day is satisfactory. The more the better.

7) Home page. If the home page is non existent or very amateurish, this might mean the coin is usually one man team or lacking a sufficient financial support to develop a professional home page. Who wants to invest into a venture without a home page containing the most important info. Transparency is very important.

My favorite coins, based on all these recommendations is DMD Diamond coin.
Here is the page if someone s interested: https://bit.diamonds/
Here is also Bittrex page: https://bittrex.com/Market/Index?MarketName=BTC-DMD

The quanitity s only 4.38 mill, the price went up almost 100% compared to two months ago and the dev team s very active and honest.
There is a nice cloud mining promotion on their website and annual PoS interest rate is 25%. This means if you hold and stake 100 coins, u get to another 25 per year as interest.
Here is the link: https://bit.diamonds/community/index.php/topic,113.0.html

Again, I m a bit biased towards DMD Diamond since I hold it for a long time and it has never disappointed me. There are several other interesting coins which satisfy most of criteria I ve posted here and I do consider differentiation important.

Update: I have also invested into Flycoin recently. Fly is a coin with a lot of innovations, if you re into PoS, I suggest to take a look, especially anti-dump and Superfly options.  
Here is the main thread: https://bitcointalksearch.org/topic/fly-coin-annswapping-to-las-vegascoinmasternodesdarksendstealth-instantx-1316737

I hope this helps. Do not hesitate to contact me in case anyone s got more questions on the topic.