How Mine POS ?

[babylon99]

for Coins with POS phase how mine them and get interest ?

[gentlemand]

There is no mining. That's the whole point. With most POS coins you earn fees from the transactions which is often linked to how many of the coins you hold.

[babylon99]

There is no mining. That's the whole point. With most POS coins you earn fees from the transactions which is often linked to how many of the coins you hold.

HOw to earn from pos phASE ?

[gentlemand]

You gotta buy some POS coins and stake them. You might not make all that much though. There are occasionally giveaways of new coins and their faucets can be generous but don't plan on getting rich any time soon.

[babylon99]

You gotta buy some POS coins and stake them. You might not make all that much though. There are occasionally giveaways of new coins and their faucets can be generous but don't plan on getting rich any time soon.

COULD YOU EXPLAIN MORE ? I bought 650 amber coin 4 days ago but didn't get any Earning from POS phase . whats wrong ?

[Abiky]

You gotta buy some POS coins and stake them. You might not make all that much though. There are occasionally giveaways of new coins and their faucets can be generous but don't plan on getting rich any time soon.

COULD YOU EXPLAIN MORE ? I bought 650 amber coin 4 days ago but didn't get any Earning from POS phase . whats wrong ?

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.

[babylon99]

You gotta buy some POS coins and stake them. You might not make all that much though. There are occasionally giveaways of new coins and their faucets can be generous but don't plan on getting rich any time soon.

COULD YOU EXPLAIN MORE ? I bought 650 amber coin 4 days ago but didn't get any Earning from POS phase . whats wrong ?

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.

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 ?

[Abiky]

You gotta buy some POS coins and stake them. You might not make all that much though. There are occasionally giveaways of new coins and their faucets can be generous but don't plan on getting rich any time soon.

COULD YOU EXPLAIN MORE ? I bought 650 amber coin 4 days ago but didn't get any Earning from POS phase . whats wrong ?

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.

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 ?

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 

[lottery248]

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.

[djm34]

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.

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

[Abiky]

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

[babylon99]

You gotta buy some POS coins and stake them. You might not make all that much though. There are occasionally giveaways of new coins and their faucets can be generous but don't plan on getting rich any time soon.

COULD YOU EXPLAIN MORE ? I bought 650 amber coin 4 days ago but didn't get any Earning from POS phase . whats wrong ?

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.

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 ?

But I do know this, X11 algorithm is more efficient in GPU. That might help in staking POS coins.

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. " ?

[Abiky]

You gotta buy some POS coins and stake them. You might not make all that much though. There are occasionally giveaways of new coins and their faucets can be generous but don't plan on getting rich any time soon.

COULD YOU EXPLAIN MORE ? I bought 650 amber coin 4 days ago but didn't get any Earning from POS phase . whats wrong ?

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.

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 ?

But I do know this, X11 algorithm is more efficient in GPU. That might help in staking POS coins.

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. " ?

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 

[maokoto]

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.

[peligro]

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.

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.

[alexodessa76]

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

[dhouse]

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

[2stout]

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.

[Abiky]

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.

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

[Elder III]

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.