HOW TO MINE/EARN SWIFTCASH! 5 WAYS TO MINE/EARN SWIFTCASH!

[msg768]

Mining/Proof-of-Stake
The first method to mine/earn SwiftCash is staking! Proof-of-Stake is a revolutionary idea which has replaced the traditional Proof-of-Work mining. Instead of miners competing with each other over hash power, they compete with each other over their balance and/or stake! Whoever has a higher balance/stake, will have a higher chance of finding and registering new blocks and getting rewarded for it! You can read more about the superiority of Proof-of-Stake to Proof-of-Work in our whitepaper

The ROI section of our explorer has a beautiful calculator for staking. In reality, there is no minimum balance required to participate in this competition, however, minimum recommended balance to participate is 10,000 SWIFT. As you can see in the calculator, with a 10,000 SWIFT balance, it can take almost 2 days for a miner to find and register a new block! Below is a snapshot of the ROI for staking at the time of writing this post. Keep in mind that this can change quite often depending on how many participate in mining/staking as well as the amount of block rewards allocated to reward them!




In order to mine/earn SwiftCash this way, you need to first download the core wallet for either Windows, Mac or Linux and then run it to download and sync the blockchain. You then need to either transfer some coins to your wallet or import an existing address with some coins in it, and then make sure your wallet is unlocked!

SwiftNode/Proof-of-Stake
Second way to mine/earn SwiftCash is to run a Masternode known as SwiftNode! To do so, you need 50,000 SWIFT as well as a unique IPv4 address. Ideally, you would want to hire a virtual server which can cost about 5 dollars per month. SwiftNodes help secure the budget and also participate in community consensus by voting on proposals. They're also used to enable instant payments by locking transactions instantly.

We have a beautiful and detailed calculator for SwiftNodes in the ROI section of our explorer. As it can be seen below, the annual ROI for SwiftNodes is currently about 91%. The ROI can change based on the number of SwiftNodes as well as the amount of block rewards allocated to reward them. You can also try third-party platforms to take care of the installation of your Masternode. One of these that currently supports SwiftCash is dextro which only charges $1.20 US per month per node!




Proof-of-Phone/Proof-of-Luck
This one's more like a faucet and is a mixture of Proof-of-Phone and Proof-of-Luck concepts. You first need to join our mobile mining server on discord via http://miner.swiftcash.cc. If you don't have a discord account, you'll need to sign up. Then you need to make sure you verify your phone number with discord. And last but not least, you need to upload an avatar on discord and this avatar will basically become your lucky card! If you don't feel so lucky after a day or two, feel free to upload a different avatar!

Keep in mind that this is only an idea that is currently being funded via our budget and is not something implemented in core and is only planned to last for the next 20 months as the rewards allocated for it are expected to slowly drop to zero within the next 20 months! Whether this changes or not in future is currently unknown.

Proof-of-HODL/Proof-of-BEAR
This one is about rewarding those who HODL in bear markets. You need to have at least 1000 SWIFT in an address which you and you alone have the private key to it. If the price of SwiftCash depreciates and you do not move your coins out of that address during the depression, you will be rewarded! You do however need to increase your balance at least 1 SWIFT during that period and this can happen automatically if the address is staking or has an active SwiftNode associated with it!

The amount you can mine/earn depends on a number of factors including your total balance, the total number of coins that pass the Proof-of-HODL concept, the percentage of price depreciation, as well as the period of time. As it can be seen below, there are four snapshots for these rewards aka SwiftRewards; which means those who HODL longer, will be rewarded more, if price depreciates!

Tier 1: Every 43,800 block - appx. 1 month
Tier 2: Every 131,400 block - appx. 3 months
Tier 3: Every 262,800 block - appx. 6 months
Tier 4: Every 525,600 block - appx. 12 months

Proof-of-Labor/Proof-of-Brain
This one is about having an idea or being able to implement an idea. Your idea and/or work will be vetted by stakeholders and if it gets enough votes, then you'll be able to implement it and get paid for it in SwiftCash! As a community however, in order to make sure we won't get scammed, we would only vote yes if you have enough reputation in the space. But if you don't, and you're not a scammer, there is no need to worry! You can have your proposal submitted through trustworthy entities in the space and then get paid through them, after you deliver the work or idea, should your proposal receive enough votes!

Website & Social Media:
Website: https://swiftcash.cc
Facebook: https://www.facebook.com/swiftcashcc
Github: https://github.com/swiftcashproject
Twitter: https://twitter.com/swiftcashcc
Telegram: https://t.me/swiftcashcc
Discord: http://discord.swiftcash.cc
STEEM: https://steemit.com/@swiftcash

Relevant Tools:
Block Explorer: https://explorer.swiftcash.cc/
Wallets(Windows, Mac, and Linux): https://swiftcash.cc/wallets.html
Web/Mobile Wallet: https://wallet.swiftcash.cc/
Coingecko: https://www.coingecko.com/en/coins/swiftcash
StakingReturns: https://stakingreturns.com/coins/swiftcash
MNTrend: https://mntrend.com/en/currencies/SWIFT
MasterNodeCap: https://masternodecap.com/coins/SWIFT
NodeMarketCap: https://nodemarketcap.com/coin/swiftcash/

Exchanges:
https://wallet.escodex.com/market/ESCODEX.SWIFT_ESCODEX.BTC
https://crex24.com/exchange/SWIFT-BTC

[CjMapope]

interesting...
its a shame i never saw this one b4, seems @ 68,000 blocks now? bit late for me to party
maybe not tho, seems like theres alot of PoS going on here, i like that
all the PoW is over tho eh? or was there any?

anyone try this shit?

[msg768]

interesting...
its a shame i never saw this one b4, seems @ 68,000 blocks now? bit late for me to party
maybe not tho, seems like theres alot of PoS going on here, i like that
all the PoW is over tho eh? or was there any?

anyone try this shit?

You're not late. Not even 2% of the maximum supply is mined yet and current market cap is not even half a million dollars! Also unlike bitcoin which has mined over 80% of its max in 10 years, SwiftCash is gonna mine between 10-20% of its max in the next 10 years! Because we don't want future adopters to feel like they've missed out so everything is designed in a way that even if you hear about us in 10 years, you still won't feel like you've missed out let alone now! We started with airdrops based on another coin which had Proof-of-Work and is almost 2 years old now, though we did filter problematic addresses such as the core team budgets and their direct links and also burned anyone who didn't claim within 3 months. It's a bit of a long story you can read more in the whitepaper!

[msg768]

good project

Indeed!

[sockpuppet1911]

Thanks for the quick howto. I vaguely remember this but now it seems to be right time, especially for staking this.

[msg768]

Thanks for the quick howto. I vaguely remember this but now it seems to be right time, especially for staking this.

Your welcome. The least you can do now is jump on http://miner.swiftcash.cc which is absolutely risk-free.

[leonmadness]

No one has yet heard about this, so anyone who moves in the next half year (unless it goes viral) should not worry if it's too late, because he came far ahead of everyone.   

[msg768]

No one has yet heard about this, so anyone who moves in the next half year (unless it goes viral) should not worry if it's too late, because he came far ahead of everyone.   

True our market cap is barely 200K USD. It's really the best entry point imo...

[soixantedix]

where can i track difficulty of the mining network? looking for nicehash mining option for swiftcash

[msg768]

where can i track difficulty of the mining network? looking for nicehash mining option for swiftcash

SwiftCash is not Proof-of-Work though. It's Proof-of-Stake.

[msg768]

No one has yet heard about this, so anyone who moves in the next half year (unless it goes viral) should not worry if it's too late, because he came far ahead of everyone.  

True our market cap is barely 200K USD. It's really the best entry point imo...

Wow really? I'm interested that is a low marketcap with a good mining and staking privilege. I woner if this one is listed already on CMC?

Checking some stuff before decide to jump on it.

Yes we're extremely cheap imo even though I could be biased right? About cmc, we've contacted them but they don't like our volume and told us to get back to them when our volume picks up. I find that really annoying because half of their coins have even lower volume than ours. Anyway, we don't plan to try to fake the volume just to get on cmc. We're gonna wait it out and I personally don't mind organic growth. Once our volume gets better, we'll try to get back to cmc about getting listed. We've posted the full interaction with cmc on our discord. They also seem to be a bit wary of new projects so aging matters a lot to them.

[msg768]

How many exchange swift listed already? CMC is quite biased actually, I think they are manipulating their listing. They said they require 100k daily volume trading but most of the projects that are listed are not even reaching those figure. Maybe swift needed a new exchange that is famous and many users. Maybe you could apply to some prominent one so volume could increase steadily. Anyway, will probably get some of this!

They have removed the volume requirement they claim. But the main reason they refused to list us was our volume! It's funny but they said it's hard to justify 3 digit volume. But our market cap is 6 digits! And when I told them about the many coins with even lower volume on their platform, they tried to justify that based on their past mistakes. Anyway, I'm personally not too hung up on cmc. I think coingecko is replacing them and I personally tend to check everything on coingecko and refer everyone to coingecko instead of cmc.

We're currently only listed on two exchanges and it was a pain to raise the funds with our marketcap but we do have some cool people who donated and made it happen. We're on Escodex and Crex24. I'm not too worried about volume. I think most of crypto volume is faked anyway. Like there is no way that for example the whole marketcap of Dash is traded every five days yet that is what their volume suggests lol.

[79b79aa8d5047da6d3XX]

Your platform is nice but its important that you guys take time to work on your publicity so that Many people will know about.  I just check coinmarket cap and discovered that swiftcash is not listed there.  You can get it listed on another exchange so that once the liquidity its increased the chances of it being listed on CMC will be high

[msg768]

Your platform is nice but its important that you guys take time to work on your publicity so that Many people will know about.  I just check coinmarket cap and discovered that swiftcash is not listed there.  You can get it listed on another exchange so that once the liquidity its increased the chances of it being listed on CMC will be high

SwiftCash is on coinmarketcap not sure how you checked:
https://coinmarketcap.com/currencies/swiftcash/