Topic: How to stake 24/7 on a VPS? (Read 4432 times)

Thanks for the tip, mate. I've managed to find a suitable staking solution for me that doesn't involve exposing my private keys to the VPS. With StakeNet's XSN cryptocurrency, it's possible to earn from your holdings without leaving your wallet open 24/7 or exposing your private keys to a third-party. The way this works is by "lending" your coins to a merchant node on the blockchain, without the risk of exposing your precious private keys. In case everything fails, you could safely retain your coins without losing them.

As for other PoS coins, I've been starting to wonder if it's possible to stake on a VPS using multi-signature addresses? If so, this would add a greater level of security to one's funds as you could easily unlock your wallet with 2 out of 3 keys. You can leave a key for yourself, while leaving a key to the VPS, and someone else you trust. That way, if the VPS fails or gets hacked, funds cannot be siphoned from the wallet because it requires other keys to unlock it.

Nonetheless, I look forward to more staking solutions in the cloud that don't require regular maintenance, or leaving my PC on at all times.

perfect is the easiest way but it is not so safe there is a lot of vulnerability.

Because there are cryptocurrencies that have POS but do not have masternodes ... And that cryptocurrency type has not been made easy for me to connect.

activate a VPS for a masternode and I have not had any problem. (cold / hot wallet mode)

but I want to activate another VPS for a cryptocurrency that does not have masternode ... but it has stake and I would like to do the same function

Of course, it is possible to stake on VPS, you should follow the guidelines of the respective project. However, all the basics are the same. I can give you one super easy option for start but it's not that secure and your funds might be at risk if your VPS account gets compromised.
Tips: If you are staking in your local wallet, simply import that wallet address in your VPS wallet. Activate staking in the config file. Done.
It should work in most coins staking. 

If you're referring to "Staking Pools", then there are several websites which provide said functionality. My top pick would be Stakenet's Cloud Staking Service. The platform currently supports XSN, PIVX, and STRAT as cryptocurrencies that you can stake in the cloud without worrying about leaving your PC online 24/7. Still though, it's a centralized service managed by a third party. Which means, that your safest bet would be to stake cryptocurrencies which don’t always require leaving your private keys to a third party nor leaving your wallet open.

The XSN cryptocurrency fits the bill nicely with its TPoS consensus algorithm. This allows you to stake your coins by "lending" them to another node on the network. The benefit of this, is that private keys are never exposed giving you full control over your crypto. There's another cryptocurrency called NEM with its delegated harvesting feature, and it works nearly the same way as XSN. The only difference is that NEM has a mechanism of reputation/trust and importance score which rewards users who're actively transacting on the Blockchain.

In the case of Ethereum, there's a staking pool in the works named Rocket Pool. While ETH is still a PoW cryptocurrency, this staking pool would be ideal for anyone looking to build a solid passive income once Ethereum does the switch to PoS.

Nonetheless, I hope that more staking solutions would always emerge over time eliminating the need to leave a wallet open.

Honestly, it doesn't even have to be a vps, you can do it in cloud most of the time, google cloud would allow to do that too. No matter how you do it having your PC open for 24/7 doesn't really make any sense at all.

I don't know if it exists but I have always dreamed of a website that is primarily focuses on wallets and staking so everyone in the world give them their staking coins and that website stakes it for you and they take a cut from the profit and that way you do not have to stake it yourself and still have a wallet that stakes it for you without paying a single cent. That website could make a lot of profit by collecting their dust change from everyone which would combine to a lot of money. I don't know if that exists yet but I am sure it will exist one day and everyone will use that.

I don't think staking a masternode is a big deal if you are familiar with linux binaries, though it might be a problem to you if you are not familiar with linux binaries but the good thing about this is that you don't need a developer to teach you how to stake a masternode via vps before you could do it, all you need do is to follow the guide giving by the coin git hub on how to setup their masternode and I believe that you would be able to get it done yourself, though you might find one or two issues when setting it up, just refer your issues here.

Retaking the thread and right now to this date ... with what advanced everything there is no way to communicate my purse as do the masternodes?


 I learned to open masternode but I do not know how to do just to stake

After quite some time researching about cryptos and VPS, I've realized that it is not safe to stake coins in a remote VPS as your private keys would be under the control of a third party. At first, I've thought that staking coins on a VPS would've been safe, but now I've realized that it is best to stake cryptocurrencies within your own home for safety.

Still, over the years, I've found out that NEM would be the safest coin to stake in a VPS. The reasons for this is because it has a unique feature called Delegated Harvesting, which allows you to "stake" your coins without revealing your private keys at all. As such, I believe that this coin is quite revolutionary, since it allows us to earn money safely without the need to reveal private keys or even leave the PC turned on every time.

As for the Raspberry Pi, I believe that there won't be any issues with it by not having a static IP. Of course, it is somewhat difficult to configure a static IP (since you need prior knowledge of Linux) but if you're tech savvy enough to do it, then go ahead since it is much better this way than using dynamic IP addresses. Remember that Google is your friend

Nevertheless, while I'm planning to use a VPS for NEM harvesting, I'm also thinking of mining Burst coins in the cloud with plenty of storage space available. Burst is good when it comes to Hard Drive mining, making it accessible to nearly anyone in the world.

Glad I found this thread
- I like the idea of running a windows VPS as the GUI is much easier.  My concern would be security - do you actually have to put your coins on a wallet held on the VPS?  Do they have security measures in place such as firewalls?

-With a Raspberry Pi, would there be any issue with not having a static IP?  Would it be easy to configure a static IP?

Thanks for the advice, mate. After seeing the risks associated with holding cryptocurrencies on third party computer systems (like the recent hacks involving Bitcoin especially in exchanges), I've decided to stake cryptocurrencies on my own node for safety. While, I may not be able to run it always, I could rest assured that my cryptocurrencies are safe from hacks or theft.

Of course, there are many good VPS providers out there with security features and high bandwidth, but as I said before, there are way too many risks involved when leaving your cryptocurrencies with a third party. The only exception here would be NEM, since you can safely "stake" (known as delegated harvesting) on a third-party node without compromising your private keys. In this sense, VPS could prove to become very useful to mine XEM at the cloud without leaving your PC on everytime.

I've found this approach very convenient and will probably set up my own NEM node on a VPS sometime in the future.

my vps ban me because stake on vps.. google cloud so... why stake has problem vps ? it not pow but vps just ban and no result about that..

VPS is good but then one needs to make sure that they are selecting the right provider. Some of the providers offer competitive price but their service is not upto the mark.If you are staking online then you need to make sure you are on unmetered bandwidth. This will help you save some extra money. Also the main advantage of VPS is to save on electricity and internet usage but then for me I always want to be in control of my finances hence I stake inhouse.

Hope this helps.

Will do. Actually, I've been a little short of funds (because I've been investing in the VPS and coins to stake) but as soon as I sort everything out, I will share my experiences about this awesome mini computer. A heatsink on the CPU would be pretty ideal as it may keep it a little cool while running the wallets on it. I am planning to run at least 2 wallets on this SBC to stake coins. It will have a heatsink on the CPU as well as USB fans connected to it for maximum cooling.

Next thing that I will be testing would to make a solar powered full node....

If you want to run your wallet for 24/7 at a vps then I advice you to use windows vps. With windows vps , the only step required is simply open your wallet application on it and your wallet will be online for 24/7(if your vps steady enough). You can use linux's vps too but it requires many steps to achieve your main goal.

Good luck!

yes you can use vps, just open your wallet and its be work

it is a 100 shades of sexy and I think I'm gonna pick one up myself here soon.

One thought thought as I find myself drooling is there is no heatsink on the cpu... I'd think about putting one on there for sake of argument...  dunno.

Please post back if you get one and how it works out for ya bud.

That definitely looks like one of the best SBC boards around, in my opinion. I've compared it towards my Raspberry Pi 3 and it far surpasses it by its bigger RAM and CPU GHz. Also, it has on-board wifi and SATA port which makes it pretty useful for connecting a HDD to store the blockchain in there (when setting it up as a node). Everything looks great and it is good for the value. Thanks a lot for recommending me this one mate! 

oooOOOoooooo

I dunno about the One, but the Two Plus looks damn enticing and comes with built in eMMC for $50 which is cheaper then the c2

http://www.aliexpress.com/store/product/Orange-Pi-Plus-2-H3-Quad-Core-1-6GHZ-2GB-RAM-4K-Open-source-development-board/1553371_32516755321.html

Thanks for letting me know about this mate. Seems that the ODROID is a lot more powerful than the Raspberry Pi, and for its value I think that it is definitely worth it. I'll buy one myself to stake a few coins locally as well as to have the VPS running with other coins staking.

By the way, I was also looking forward to get myself an Orange Pi too. Are they really worth it? They look a lot cheaper than the Raspberry Pi (Orange Pi One) so it makes it an affordable way of getting a SBC. 



Thanks for your advice mate! I really appreciate it. Still, I would prefer a Linux VPS due to the fact that it is much cheaper than the Windows one. 

You can use windows  vps then run your wallet on it and dont close the wallet just close the vps. And for sure, your wallet will be connected to the network 24/7. The more balance in your wallet the more stakes youll get!

Happy staking!

Oh man if you've already got pi's, you'll creame your pants over the c2. If you spring for the eMMC (which is very much worth the money) you will be blown away by the speed difference. I've put 6 daemons on mine and it could still run more (obviously, mileage may vary based on coins, but you get the idea)

Only real issue I've had is most coin's need to have leveldb modified in order to cook on the arm64 os's, but thats a pretty easy edit.

Thanks for your advice, mate. I own 2 SBC myself which are the Raspberry Pi 2 and 3, but still I would love to have an extra SBC to use as a full node for other cryptocurrency. Staking on these would be more secure, but I'd only prefer to stake 24/7 on a VPS due to internet unreliability.

In the meantime, I will encrypt my wallet from within the VPS for extra security and stake some coins myself. As it will be running 24/7, I think that I will have better chances of receiving stakes.

The ODROID-C2 single board computer looks pretty interesting too. It can be a great addition to my setup of nodes for cryptocurrencies. 

OP:: unless your power and/or internet is unreliable, buy one of these:

http://www.hardkernel.com/main/products/prdt_info.php?g_code=G145457216438

Dedicated hardware will always trump your shared specs from a vpn and if done properly will be infinity more secure then leaving your coins on someone elses server.

Correct. It may be expensive if you're only going to run 1 wallet but if the VPS is cheap you might find that you're still in profit via staking since you won't be able to run your laptop or computer 24/7.

 just start it and it will run))) lol what a question

You could always use the VPS for other things, such as node hosting.  With proper resource management, you could even stake two or more different currencies in the background simultaneously as well 

VPS offers are quite expensive, at least the ones I saw. I don't feel like staking alone will be enough to cover those expenses.

Exactly VPS runs 24/7 just start it and it will run. Better do backups though then have a copy of the wallet.dat just in case something happens with your VPS.

you do not do nothing, just open your wallet and close VPS. It will be work 24/7
But first calculate, will it profit for you

I'm using Time4VPS for staking 24/7 using CBX and they're getting the job done so I'm happy using their services and it only costs me ~2 euros/month.

Actually, I was into this especially the Azure platform and for the free trial and the prices I say that they are pretty good. AWS asks me for a credit card before using the free trial, but I will stick with Azure for a year. Still, I am looking into several VPS services like CryptoGods and DigitalOcean to stake multiple coins. I've had a very bad experience with so called "Cloud Staking" services like Stakeminers and Staisybit that I have decided to stake them on my own via the cloud using the VPS. 

I think aws need atm before you get a free service..  but it can help for trial purpose and they are giving high specs for your vps..
But i think its better to start cpu mining using vps or try gpu if the specs is high..

well, i would go with aws or azure, they both have free services for a year and after that you only pay for what you use. good prices and good servers.

Thanks for sharing this mate. I have found it very useful for me to begin with my little experiment on the VPS. Also, the VPS hosting that you have mentioned me earlier looks pretty interesting so I think I will give it a try with this one. I have tested htop from within a virtual machine and it looks pretty useful. I\Now I will install it once I get the VPS up and running. By the way, I don't know if above VPS accepts Bitcoins, but it would be pretty cool for a VPS to accept it like CryptoGods.

This may interest you i have used these guys for plenty of projects.  Rock solid stability.  Budget brand of OVH who are one of the biggest server farm owners around

https://www.kimsufi.com/us/en/

VPS SSD 1

OpenStack KVM
1 vCore
2.4 GHz
2 GB RAM
10 GB SSD
Local Raid 10

$3.49/month

If you looking to stake a few coins maybe look at one of their Dedicated servers.  They start at $6 a month.  But you have to check their site regularly as those are often out of stock.

Want to stake many many coins at once try something like this

KS-2B    Atom™ N2800    640    2c / 4t    1.86 GHz+    4 GB    40 GB SSD    100 Mbps    /128    $11.00

Also available for the same price with a 1TB drive instead of the SSD

Heck you can even run them with a GUI option if your not comfortable with CLI.  They have enough power


If your looking at a Linux task manager try "top"

If your using something Debian based try "sudo apt-get htop" and use htop instead for a better looking interface

Thanks mate. I usually do this on Windows, but I am quite not very familiar with Linux as I cannot find a Task Manager for it. Still, I could be based on the results I get on the Windows OS to run the wallet in Linux. In the meantime, I will only run a single wallet for testing but then I will decide to upgrade my VPS plan to get more RAM and stake at least 2 coins at the same time. I think that staking OKcoins or Coin Magi will be perfectly fine to start with. 

In windows , Use Task manger and check the Coin Process to see how much memory it uses,
Linux should have something similar.
If the coin Process is using ~500Meg, then you be able to run it along with the Linux OS with 1GB total.
Personally Would get 2Gig or more if you want to run multiple wallets at the same time.
Just add up the memory their process is using and how many you want to run simultaneously, include ~500meg for the OS.

 

FYI:
Coins like ZEIT , Mint , & HBN use over 1 gig by themselves with nothing else running.

Thanks for the tips. I was wondering if 1 GB of RAM for the VPS to stake at least 1 coin would be sufficient, because I would prefer to stay within the most cheapest plan available until then I could upgrade to a better plan. If so, then I think that the $5 a month VPS would be sufficient for me. This would make it pretty convenient to stake coins from within the "cloud" (sort of) without depending on a third party cloud staking service like Stakeminers. 

you should consider:

- a linux VPS costs 5 dollars / month, staking you will earn some cents only and you provide a node to the coin
- staking is intensive process, you need VPS with some more ram
- VPS is by definition a virtual server operative 24/7, the problem is that if you are staking more coins and use all the memory you might get limited use or blocked

Yes no problem to run them 24/7 that is why vps are there 
Have been running blackbird arbitrage on diffe[Suspicious link removed]' without any problem with the hosting company's.

Sure. I already know how to setup the VPS. The VPS host I use is called DigitalOcean VPS. I only wanted to know if VPS services allow you to run them 24/7. If so, I would leave the wallet staking 24/7 on it. It would be really great and serve as my own cloud staking service rather than depending on a third party like Stakeminers.com 

better to look for yearly payment of vps so that you can make a profit.. many vps are giving discounted coupon..
Now if you are starting staking in vps better to set all your daily and make sure that you are holding more altcoin in your wallet to stake more daily..

Just download the wallet for linux and start it up trough SSH and detach the proces from the SSH connection and it will work like a charm.

Abiky is not asking "how to mine with a VPS", is asking if he can use his own VPS to stake his coins 24/7, without leaving his own PC powered on days and nights.
Of course is possible, and also pretty simple. You need only to install some dev libraries and your coin wallet, generate a new receiving address and send your coins to the VPS wallet. And monitor the "staking process" simply using a block explorer.

You can withdraw at any time just launching this command using SSH Terminal (if you are using Linux):

Of course you can also upload your wallet.dat, in order to control the "staking wallet" also on your PC, without dealing with terminal commands.

Like kiklo says, you need a lot of coins in staking, just to cover the VPS costs. Then, if you haven't our suggestion is to leave your wallet open simply when you are using your PC

If you need a cheap and fast VPS plan, take a look at our new page, rebranded yesterday  
https://cryptogods.net/hosting.php

ps: @crairezx20, you're correct, most hosting providers doesn't allow crypto mining, our plans too can't be used for mining itself, but we allow creating mining pools if needed.

Best regards,
CryptoGods Tech Team

If 15gb bandwidth per month is enough then you can get vps for absolutely free at https://aws.amazon.com/free/
And even after that 15gb you will pay per gb only for what you use.

Answer : Yes

Price for a Windows VPS range from $15 and up per month.
Price for a Linux VPS start ~$7 and up.

Problem is this , unless you just want to act as a node supporting their networks, you are wasting your money.

With Diamond coin , place all of your coins in 1 or 2 blocks so you only need to be online for 2 or 3 hours to stake every 15 days or so.
With Hyperstake, you have a max cap so you have to space it out, but you can just leave your PC up 1 night a week to stake.

You need to calculate your Profit potential, odds are a VPS will cost you more money than what the extra time online earns you.
You would make their networks more stable, but is that something you want to go in a deficient for.


 

FYI:
The one instance where it could save you money is if your internet usage is billed per gigabyte and you are going over your usage limits every month.
If that is the case the VPS could be cheaper that getting billed for exceeding your usage limits.

I am not quite known with staking POS coin but every VPS which have more than 1gb ram can run 24x7 if you only keep it open with one app of your wallet open. Buy linux vps rather than windows as linux use very less ram than windows.

I think that is not pow mining , it is pos mining. so it just open wallet to mine

to OP
VPS already work 24/7, so you can just instal the wallet and import your backup from your dekstop wallet to vps

I think VPS companies are not allowed mining they are banning those members if they know that you are mining using their service..
Why dont you try to buy a set of cpu to mine your own without restriction..

The what?

If you know how to setup a VPS, you should be smart enough to figure out how to install a wallet on one...

Sounds like you need a step by step guide from the very beginning? Do you even have an account with a VPS host?

be more specific... what is your doubt? just install the wallet and send some coins. it will stake 24/7.
i'm using aws right know with decred stake and it is 24/7, never had any problem.

What vps do you use?
Should work by just closing your connection to the vps without shutting down the vps...

There is no need for tips and tricks for this, VPSs work 24h

I would like to know if it is possible to stake a PoS coin like Diamond or Hyperstake 24/7 from within the VPS. All I know is how to setup the same on it, but I don't how to make it run 24/7 as the more the wallet is open, the more chances of receiving stakes I will get. Any advice, tips or tricks would be helpful to me. I would greatly appreciate any help with this.