what backs the coin?

a pow electrical power spent and mining gear back the coin.


kind of an equivalent to silver or gold standard.

in the case of a pos the coin is not backed by power spent or by gear mining.

it is backed by fiat tendered for coin.  much closer to a bank then pow.

note i said pure POS   not hybrid such as ETH or PPC

To me POS is much like a bond or a cd

Now I have stayed clear of POS  when I had a run in with PPC   I had staked 2000 ppc coins and they were due to do earn 3% for staking ..  The dev came out with a new wallet and said it was needed to switch to it  by a set date.  3 or 4 people had all their coins vanish  when doing the upgrade.  2000 coins were worth about 1100 usd.  I would have taken a shot  at the update but I had my wallet on mac and they did not do a mac update.  I talked it over on there site got no help and decided to cash out.  I never did pos  after this and they were a pos/pow hybrid  which was what I liked about them.

If I can not mine coins at a certain profit  even a small profit  I am not doing a business.

I don't know of any pure pos coin that allows this.

ie I stuck with a stake cost   which is not controllable  at my level.

With pow I can control

 power cost
 gear cost
 earn certain profit on a coin

for instance BTG   I earn .4 a day that is split on my power deal  so it is a certain 0.20 BTG a day

my gear cost = 0    so 0.20 x 365 = 73 BTG a certainty to a degree   that is 12 a month  sell 6 hodl 6  end of the year  sold 36 held 36

make money.

I can not do this with pos

well  that is why asics suck.

if you are all asics  the game becomes power cost


and  cheapest power = winner winner chicken diner.

Gpus were nice  because they had an after life and other purposes besides mining.

As for fpga tech  mixed with  gpus  long run = loser
Short run  they can work.

I can not stress any more  then this  there were millions and millions and millions of gpus that had the ability to make some money.

Killing that off  destroys mining eventually.  Since you kill off the widespread customer base.

For me  I am working at getting solar expansion since I have a 73 acre piece of land from and investor with some money.  I have buysolar as a solar guy

our goal will be to develop this and  to develop a 900-1200 watt solar setup for a little guy

both projects  shoud do well in this climate of low margins.

buti bukas ang isip nung manager at nataon siguro na yung kapatid nya ay involve rin sa pagmimina sa crypto world, pero tingin ko kung sa ibang bangko yan napaka imposible na intertain kapa nila kasi sarado agad ang usapan at hindi sila papayag na yan ang source of funds mo,

Paano kaya brad kung mag oopen palang ng account sa bpi, tanggapin kaya nila na crypto ang source of funds? Sa bdo kasi nag try ako dati pero nung nalaman na crypto ang source of funds ko ay tinanggihan nila agad ako kaya medyo nag iisip ako kung ano pwede ko sabihin

Ako naman ay naniniwala na sa dulo ng lahat ay wala silang makikitang fraudulent o illegal na pamamaraan kung paano ko nalikom ang aking pera. Pero syempre sa dami ng mga nagsasabing wag na wag gamitin ang crypto pag ka-transact ang mga bangko dahil malamang sa hindi ito tatanggapin lalo na pag medyo may kalakihan ang involved. May mga na-closed account nga sa ibang bangko dahil ang soure of fund ay crypto. Pero sa karanasan mo nalaman kong posible naman pala. Siguro sa pakikipag-usap na lang yan.

Pati ba sa BIR o tax-related na mga usapin, maayos na lahat yung sa'yo brad? Walang advice o notice na kelangan bayaran mo ang ganito ganyang amount?

so papaano pala kung may pera ako sa coins.ph na million at gusto kong ilabas? at yun ay nggaling lamang sa tokens? panu ko ipaliliwanag yun sir? naisip ko lang naman po if ever na magkaroon ako ng ganun kalaking halaga.

Brad, total ikaw lang naman dito ang may talagang actual na karanasan sa pag-cash out ng millions galing sa coins.ph papunta sa iyong BPI account, itatanong ko lang sana kung paano yung proof. Malamang sa malamang hindi lang kaagad na tatango ang BPI kapag sinabi mong crypto trader ka at early adopter ng Bitcoin o crypto. Ano ano yung mga hiningi nilang proofs na talagang nanggaling sa legit at malinis na paraan ang iyong pera?

Parang mas maganda na mag-isip na lang po kayo ng ibang ilalagay as your source of funds kasi ang mga bangko madalas strict sa mga pumapasok na pera sa account mo. Madalas pahirapan pa ang mag-withdraw pag malaki yung amount, samantalang pera mo naman yung iwi-withdraw mo.

Now I looked at it. It is paying about 2% interest  a month.

I simply fail to see how they can pay 2% a month. 18 million of 21 million coins have been mined.

This coin reminds me of ppc

I won’t get involved in pos/pow coins that pay interest.

I won’t get involved in pos coin that pay interest.

I fail to see how these coins can generate 2% a month.

I still wanna see the look on people's faces IF ZEN decides not to fork.

"The ZenCash development team, in collaboration with the community, reserves the right to review and change the decision to Hard Fork, especially if it is determined that changing the Equihash-144-5 algorithm will not be effective in promoting decentralization of mining."

Just put the anti-progress, racist GPU owners who are unwilling to adapt to changes in mining on your ignore list and embrace the future of ASICs and FPGAs.

ive known those built in windows tools exist but ive never actually tried them. im so used to reflect, its so reliable and ive been using it for so long, that i never bothered with anything else. being free for personal use helps of course

never thought to build a  baseline windows miner image. good idea, that would save some time with all the updates and tweaks that need to be done for deploying a typical new rig.

i wonder how well an image would tolerate a chipset change, like from B250 to Z370 or something.

I lost like 4500 so far! And the all the work  behind the coin!!
The problem now lol I started mining with the new CLI wallet 2.1.2 using demcats and I am getting the same outcome! No coins! Is it a dead coin?! I know no other wallet unless I go back to minergate?!

today Dem deducted their 10% of my total dashcoin! How can
They do that if the coins are lost as you said?!

Hello. There's someone who can help me. with a valid wallet link. and a pool for mining dsh ...

The only difference is the GPU systems are a pain in the ass and the ASICs are more of a 'set it and forget it' item.