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Title: Did you know you can "mine" more than one coin at a time? POS is your friend Post by: bizzargin on February 14, 2014, 04:57:52 PM So you bought a mining rig. You're all pimped out at 3 G/hash but still have that itch for more but buying another rig is not an option.
Introducing.... Proof of Stake! https://en.bitcoin.it/wiki/Proof_of_Stake (https://en.bitcoin.it/wiki/Proof_of_Stake) Proof of Stake allows you to create coins within your wallet, without having to use any of your hash power. Simply open your wallet a few times a week and BOOM! Extra coins at your disposal. Couple POS coins for those unaware: Peercoin - $4.41 USD/PPC Novacoin - $7.28 USD/NVC These coins are established and have been available for quite some time. Want to get on the POS train early?? MINTcoin Hobonickels GalaxyCoin and more can be found here in StakeHunter's thread: https://bitcointalk.org/index.php?topic=458726.0 (https://bitcointalk.org/index.php?topic=458726.0) Enjoy! Title: Re: Did you know you can "mine" more than one coin at a time? POS is your friend Post by: thejepper on February 14, 2014, 05:20:00 PM PoS rocks!
Title: Re: Did you know you can "mine" more than one coin at a time? POS is your friend Post by: cryptomining on February 14, 2014, 05:45:44 PM https://bitcointalk.org/index.php?topic=361503.1020 Grain Gra
undervalued PoS good community Title: Re: Did you know you can "mine" more than one coin at a time? POS is your friend Post by: samuraizero on February 14, 2014, 06:30:45 PM Can you, in laymen's terms, explain this to me a little more?
Title: Re: Did you know you can "mine" more than one coin at a time? POS is your friend Post by: PyroClasTix on February 14, 2014, 08:59:46 PM Can you, in laymen's terms, explain this to me a little more? Think of it as interests at your bank.Title: Re: Did you know you can "mine" more than one coin at a time? POS is your friend Post by: PCJargon on February 15, 2014, 12:17:03 AM With Mint, every 20 days the network automatically increases your wallet by 20% of the coins you haven't done any transfers with. So as long as your wallet isn't encrypted, you can just open it up every so often and see profit. It's PoW right now, but then switches to PoS after 5 weeks.
It's far more Green/efficient, PoS can secure the network without need for the consistant PoW. Don't ask me on the technical details though. ;D Title: Re: Did you know you can "mine" more than one coin at a time? POS is your friend Post by: jongameson on February 15, 2014, 01:10:27 AM better than Bitcoin you say, what is the name of these so called coins
Title: Re: Did you know you can "mine" more than one coin at a time? POS is your friend Post by: bizzargin on February 15, 2014, 08:09:24 AM better than Bitcoin you say, what is the name of these so called coins this was said? I'm failing to see where that was said? |