How many coins do you need to get a stake a week?
I think you should have a look at the cloud (cloud.stakenet.io) for one stake a week it seems a little ineffecient to have the wallet on 24/7.
I think its much safer to be in control of your coins , right ? If you can't manage your pc to run 24/7 then yes, you can try the cloud from stakenet. Also read above that sometimes it will take some days to withdraw coins from there so if a pump happens what will you do in that situation as like I said your not in full control of your funds.
true, but one stake is 9xsn and that is not even 0.5 usd - i think power costs are just higher than that. therefore inefficient. as long as turning the device off is more price efficient than staking, the cloud seems to be an alternative. but yeah, i don't even have an account over there, since i strongly dislike not owning my coins. not my keys - not my coins
the report on upblock is interesting
https://upblock.io/report/Stakenet , but there are some inadequacies in it.
for starters the highlights - "Stakenet Wallet allows users effortless non-custodial access to multiple Cryptocurrencies, built-in privacy over TOR, and an In-Wallet DEX." will allow, has not been deployed yet. and if the hardware division (or the lack of information about it) is a highlight is doubtful.
the market data is wrong. the Circulating Supply is 97,690,840 XSN and the Total Supply 101,773,528 XSN. in depth should not forget about the fork, which added 7mill. in the reports defense - it was only a few hours before the report was published though, and i guess cmc was not updated at that time, or the report written before.
the threat of "Stakenet is funded by 10% of the block rewards. No ICO to cover development costs. They need a solid financial plan to keep development active" is not fully covering the funding. there were 11.5mill coins in funds from the transition from posw to xsn, and now another 7mill got added for dev purposes, and rsb are reinvested as well. so not saying that they don't need a solid financial plan, but it is not just funded by 10% of the blockrewards.
what is stakenet section "Another product they want to offer in the future is a Decentralized Exchange - Stakenet dx. The masternodes supporting the network will get 100% of the fees collected." seems not to be true in the beginning, draper stated it will start as hub by the team and some(not all) community members. so not all mn will be eligible from the start.
technology: "Stakenet builds on previous iterations of PoS consensus algorithms, precisely that of Peercoin, with an additional implementation that enables staking on cold-storage wallets." staking from cold-storage wallets has not been enabled by either ledger nor trezor, so i would go with
... additional implementation that will enable ...product: "TPoS marketplace: Marketplace for users to find the best merchant nodes for staking XSN." as far as i know that never was implemented, and with the proposed moving of tpos to the masternodes, this wouldn't be necessary anyway.
privacy: up until now nothing has been deployed, also "The zero-knowledge proof technology zk-Snarks is another privacy-centered feature that is set to be implemented in the future." according to the roadmap it would be "First layer network upgrade: Confidential Transactions -MimbleWimble- [M]", which has been proven to be insecure (
https://medium.com/dragonfly-research/breaking-mimblewimble-privacy-model-84bcd67bfe52), so i hope it is just the roadmap not being updated.
team: in discord there was a statement, that rebecca does not work for stakenet anymore, would be happy if that was wrong though, and yes she is still on team homepage, on the other hand her last post was long long ago.
team compensation method - as stated above there are also the funds and those are not just fed by 10% of the rewards.
the roadmap section is highly inaccurate. there are no quarters on the official one and how it is put on upblock it woud seem that the there would have been a launch of the mclw in q1 or of the dex in q2.
Project Start / ICO Details (If Applicable): "Took over from POSW by X9 developers and rebranded to Stakenet at March 2018" which had an ico to be objective
and "No premine / 73 Million coins swapped from POSW to Stakenet" - still don't understand how they should have been able to *poof* magically have 73mill coins appear for a swap without a premine. but that might be a problem with my idea of a premine ("Premining is the mining or creation of a number of crypto coins before the cryptocurrency is launched to the public." @investopedia). and i really don't see how that would be bad with a swap, since unswapped coins got burned anyway.
block info/inflation: the inflation now actually is 10,33% and not 12,95% ; i think the report simply did not take the 7mill added coind into account, but ofc more total supply decreases inflation
partnerships: as stated many times, i really would not put xeeda out there anymore. or has a any shipment occured in the last year? well at least there was an update in there telegram channel, that a new hp will go online soon on dec 1st. anyway i would never put that above the ltcf cooperation.
social presence: only accounts for english channels, stakenet has active - for example german and turkish - community channels in other languages as well i would add
