Topic: How Mine POS ? (Read 1722 times)

Agree. PoS entry level is greater than PoW itself. Anyone can become a staker with the required amount of coins to stake, in contrast to PoW which requires costly equipment and daily maintenance. Minting coins with PoS is energy efficient and allows an average Joe to participate in maintaining the security of the cryptocurrency's network. While coins with high interest rates are most likely to experience devaluation and hyperinflation over time, they'll experience a higher level of demand than most PoW coins out there.

Of course, if you're looking into a PoS coin which retains its value over time, then you would need to seek a coin that has low stake rates. Coins like Peercoin, Blackcoin, and Emercoin have low stake rates, allowing them to maintain their value over time. As a suggestion, if you want to increase your chances of earning stakes on your coin balances, then you should use the Coin Control feature available in most PoS coins for optimum results. I believe that the future of mining lies on PoS, leaving PoW in the dust. Just my opinion

simply put, it has to make sense. for mining, only the few collect, and many times the minted coin rate is predefined per block and blocks have a slow rate per day. Since only those with equipment mine, this limits those who actually get new coins

for POS, everyone can stake. In order to prevent hyper inflation (too many coins minted per day), you HAVE to have a low stake rate. Anything high will instantly lend to hyperinflation and making the coin worthless over time.

The better the rate, the more people stake. Since staking is like interest, you start to have compound interest and the minted coins per day rate gets insane.

I highly doubt your statement, most if not ALL coins with "good percentage of staking" are scams.

The problem with those high reward coins is that they are like real world High Yield Investment Programs (HYIP) which promise huge rewards but at huge risks as well. If you invest in coins like these then you are almost guaranteeing that you will lose your investment value. Caveat!

As far as I know.POS mining is possible in the presence of coins on the wallet.With a certain amount of a coin on the appropriate wallet for a certain period of time you get a percentage of the coin.Skipped the terms of such mining for coins and wallet should be the part constantly.

your right, many POS coins are available but many are scam. some coin have a good percentage of staking, just  invest wisely.

There are allot of PoS coins that are trash and/or long abandoned. Of course the same thing can be said for many PoW coins.  In all cases, put the time and effort in to research the coin thoroughly before getting involved, whether that be mining or staking.

Completely agree with you, mate. The Proof-of-Stake approach (or PoS) doesn't require any specialized hardware (unlike PoW), making it greatly accessible than PoW, for anyone to participate in securing the network. What's best of this is that your computer will consume less energy, than with PoW, making such consensus algorithm a friendly one to the environment. In crypto land, there exists many PoS coins each with their unique features and use cases. Since PoS doesn't require hardware, and nodes are always online, transactions settle much faster than PoW and fees are much cheaper.

While it's impossible to mine a PoS coin, you can virtually "earn interest" with the coins you hold on your wallet without ever touching them (just like a bank savings account). You would simply be investing in a specific coin, and hold your coins in a wallet, leaving your PC on always for greater chances of getting a reward.

As a recommendation, I'd suggest that it's best to start with PoS coins which are old and have low stake rates. Peercoin (or PPC) is a good example of this, as it's a PoS coin with a 1% annual interest rate (or stake rate). While the rates are low, it's often best for it to be that way, as it prevents massive inflation and devaluation within the cryptocurrency over time. On the other hand, PoS coins with huge stake rates, have a high inflation rate, and their value becomes affected over time. Most PoS coins which have huge stake rates, are often abandoned by their developers and community, making them worthless over time. Therefore, it's always best to make your own research before considering investing into any PoS cryptocurrency. Just my thoughts

POS doesn't require special hardware for mining as POW does.  You mine via staking, meaning you must obtain coins, put them in your wallet, and unlock your wallet for staking.  The more coins you have, the higher your weight which increases the likelihood you will generate coin.  Due your due diligence and research as there are many scam shitcoins out there.

buy coins. send to wallet. open wallet, leave your computer on. VOILA! now you're rich from staking

Hi! For POS mining, you should carefully study selected coin! Coinmarketcap.com to help you! 

It might be so with many coins but it's definitely not so with all. Many coins only stake when the wallet is online. And they don't mature at all.

POS-Coins are different each and one needs to learn about each one.

I believe there is a project called stakeminers on the forum. The admin takes the work from investors. It's like a fund.

POS are not mined. You get some coins by faucets or trading /buying, then wait. Some require you have your wallet online always, some only when they are mature.

But the thing is that almost all those coins have no value, I mean, no one will use them ever for more than staking and trying to get more. So the only hope to earn from them is that someone wants to buy them after you.

You only get money if there is interest in the coin and people eager to buy it, and the interest is mostly to earn interest... so those coins tend to be empty of real value.

What I meant was that X11 is more efficient in GPU when mining PoW coins. If it's efficient in PoW coins, then it might be in POS coins. It's just my opinion. I could be wrong. Therefore, it is advised to do a little research just in case 

If there is no relation between POS and mining why you said "X11 algorithm is more efficient in GPU. That might help in staking POS coins. " ?

I've been staking LiteDoge and earned great rewards. They're really cheap now. I have 201985.87225149 LDOGE 

PoS is the easiest way to lose money in scam coin... go for it if you have btc to lose

PoS is easy, buy your coins, and simply leave it, once matured, put your wallet online again.
that's easy, PoS is originally from Peercoin, you understand.
gotta stake another coins like ReddCoin as my recommendation.

There might be an advantage but I really don't know since I don't pay much attention to the algorithm of POS. But I do know this, X11 algorithm is more efficient in GPU. That might help in staking POS coins. Just my opinion. Somebody can correct me if I'm wrong 

So wallet must be open........ Okay thanks

Graphic card Influence On the POS and earn ? Why some coins with 100% POS choose different algorithm ? Is there any Advantage between scrypt and x11 for 100% POS ?

You need to leave your wallet open for it to begin staking. The more coins you have, the more probability you have to earn coins from stake. If you leave your wallet open 24/7 then you will have a greater chance to earn coins from stake.