Bitcoin Forum

Hello

Little question I am interested  to mine NEO I understand that I can mine only by the amount of coins I have correct?
I tried to find information on this and did it find anything
Does anyone know what is the process and how I can mine if I have the coins?

Or where I can find information on this, or even if someone does it already and can give me the infthabk you guys!!

You can't mine NEO. It is POS and you will get GAS

Can you explain how this works?

Instead of people mining the coins, people that already possess them are verifying the transactions, and they get rewarded.

And how this can happen? How i can eurn from the amount of coins I have And how i can do it?

You need to buy some.

If you are interested in NEO then there are so many tutorials @ Youtube / Google about how to Stake

since NEO is PoS type of coins you need to have it inside your wallet and keep your coin staking and you will received gas better to buy and hold
dual purpose while waiting for the value to reach up even more before selling your coins.

that is right. NEO is not mineable.

so how does it work?Say i buy 100 Neo coins, so how do i benefit, other then price going up.?

thanks

You will get a cut of the newly minted coins and any transaction fees... just like what would happen in a POW coin.  If Neo is fully pre-mined or is not creating new coins anymore then you will only get a cut of the transaction fees.  Either way, the idea is that you will generate a passive income sort of like interest.  The more useful the coin is the more transaction fees will happen, and thus more money you make from your stake.  POS is a clever way to get people to tie up their money for a long time in a coin ecosystem.  This gives the coin some semblance of stable "value".

Send your NEO to NEO Wallet and you will earn GAS doing nothing.

really like that idea, wonder what they use for actual processing power to be able to send coins, confirm, etc..

You may also send NEO to Binance and you will earn GAS doing nothing but waiting

Note: GAS earning is not that much unless you have 1000 NEO

Hi Guys,

I have a specific question.

Unfortunately i am still new to crypto trading and made a noobie mistake yesterday.

I transferred Neo coins to a wallet that I have been using for bitcoin, but i later learned only accepts bitcoins.

What can I do in this situation? Any useful suggestions would be appreciated.

Thank you
Red

Unfortunately those NEO coins you sent to your bitcoin wallet is gone. There is no way to recover it anymore. Let it be a lesson for you to double check first as to avoid the same thing from happening again.

Hi Guys,

I'm looking to set up a docker container in my synology nas with the neo wallet inside for staking.
Anyone have done this before ?
Is the neo staking consumes a lot of CPU / ram ?

Thank you,

for 2 days NEO rose from $29 to $46.  Why is it so?   Do those who keep them requested gas or because of another reason?

Rumours that China will allow ICOs trough NEO platform. Just speculation this far tho. No official statement yet.

And how many Gas per month you earn with a NEO ?  Roughly speaking.

https://neotogas.com

this site will tell how much gas you will get in respect of neo coins

Thanks

Please tell me what's Gas use for? And if I have some Gas and keep it to NEO wallet, i'll earn Gas or only keep NEO?   

This is real basic! most of platform warn about this

Only NEO can earn Gas. GAS used for smartcontract execution.