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cat2 (OP)
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March 19, 2015, 08:19:51 PM |
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I bought some blackcoin and started staking. The wallet keeps switching from I should get a reward in 2 or 3 days. It's been over a week and nothing. I don't get it. 1 percent isn't very impressive but I was wondering how it is or if it is compounded. Now I'm wondering if it exists at all. Can anybody explain how blackcoin staking pays out?
With nxt I leased my balance to a forging pool and the return so far is nxt to nothing. Anybody know how or if this 1 percent is compounded?
Do all pos coins payout only if your lucky? I don't get it.
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coinpr0n
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March 19, 2015, 08:30:07 PM |
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In my very limited experience staking proof-of-stake coins (NXT and Reddcoin) neither one of them provided any returns. You need large amounts to receive anything or it's not worth it IMO.
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cat2 (OP)
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March 19, 2015, 08:41:59 PM |
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How large a stake before returns are more likely? Is it random, luck? I just want to understand how these work. Thought trying it would be best and hate to just give up on it.
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SBOSS
Member
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Activity: 124
Merit: 10
Start your Own Cryptocurrency Exchange
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March 19, 2015, 09:18:11 PM |
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NEM's PoI is a fairer alternative to PoS, comes out in March.
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illodin
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March 19, 2015, 09:21:51 PM |
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The rewards are so small that it doesn't matter. If you don't have many coins you'll earn a dollar in a year or something. And if you have many coins then it doesn't matter if you get a few more anyway.
The only incentive to stake is to support the network.
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d0om
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March 19, 2015, 10:11:38 PM |
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Just trade the coins around smartly = 10x the profit of PoS.
Unless you gather many many weak coins early on in PoS and it's one of the 100s of cryptos that actually break out significantly.
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Miracal
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March 19, 2015, 11:27:07 PM |
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It is nxt forging calculator. Based on this calculator, 10000 nxt could yield 0.05 nxt in 24 hours! https://www.mynxt.info/forging_calculator.php But if you stake solely with a few thousand of nxt, you probably get nothing in 24 hours! |
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Hollowman338
Legendary
Offline
Activity: 1246
Merit: 1000
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March 20, 2015, 12:17:23 AM |
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NEM's PoI is a fairer alternative to PoS, comes out in March.
12 days and change left for that. Don't hold your breath. |
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coinpr0n
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March 20, 2015, 12:31:00 AM |
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It is nxt forging calculator. Based on this calculator, 10000 nxt could yield 0.05 nxt in 24 hours! https://www.mynxt.info/forging_calculator.php But if you stake solely with a few thousand of nxt, you probably get nothing in 24 hours! When I tried it out I was only forging with less than 100 NXT. Iniatially the ETA for forged coins was a few hours, quickly turned to days, then years so I turned it off. |
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speedy1987
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March 20, 2015, 04:30:57 AM |
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No it doesn´t worth it. It is only cents...
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liquidiser
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Activity: 77
Merit: 10
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March 20, 2015, 11:40:45 AM |
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No it doesn´t worth it. It is only cents...
I found it's not worth it unless you own loads to start with. |
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Daedelus
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March 20, 2015, 01:06:25 PM |
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No it doesn´t worth it. It is only cents...
I found it's not worth it unless you own loads to start with. In Nxt, everyone gets about 0.5% a year over the long term. Even the whales only got ~$65 in an entire year of forging. Forging was never designed to make you a millionaire, precisely to avoid the centralisation of bitcoin. A coin has to survive on its own merits and not because it continues to enrich a few (if you think $65 a year is enriching the few then maybe you should close the laptop and spend some time in the real world for a while). Forging takes 2-3% of systems resources more than your computer just idling so you forge because you want the coins you hold to have value in the future. Mining mentalities need not apply. |
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shanem
Legendary
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Activity: 1344
Merit: 1000
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March 20, 2015, 03:05:59 PM |
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Staking coins is not worth it.
You will use up more of your computer power and the amount of coins you get is very little.
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autodiv
Member
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Activity: 112
Merit: 10
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March 20, 2015, 03:06:25 PM |
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I bought some blackcoin and started staking. The wallet keeps switching from I should get a reward in 2 or 3 days. It's been over a week and nothing. I don't get it. 1 percent isn't very impressive but I was wondering how it is or if it is compounded. Now I'm wondering if it exists at all. Can anybody explain how blackcoin staking pays out?
With nxt I leased my balance to a forging pool and the return so far is nxt to nothing. Anybody know how or if this 1 percent is compounded?
Do all pos coins payout only if your lucky? I don't get it.
With NXT you are better off buying an Asset that pays dividends. The return will be much higher than staking. |
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Derek492
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March 20, 2015, 05:01:50 PM
Last edit: March 20, 2015, 05:16:42 PM by Derek492 |
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Get some Mintcoin You don't need a lot and the payout is higher. I've minted from a balance of only 1000 coins before with mintcoin and it pays 15% APR currently. With only 15 million coins (worth about 2 BTC), I'm minting about 187,000 MINT every month...seems to be worth it. And it compounds so u get more and more, as you mint more.  Here is a wallet example on YouTube http://youtu.be/g04yHPY6Xik |
Stop Mining. Start Minting. Mintcoin [MINT]
5% annual minting reward. Mintcoins don't wear out like mining gear. They keep on minting!
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chennan
Legendary
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Activity: 1316
Merit: 1004
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March 21, 2015, 03:34:23 AM |
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Get some Mintcoin You don't need a lot and the payout is higher. I've minted from a balance of only 1000 coins before with mintcoin and it pays 15% APR currently. With only 15 million coins (worth about 2 BTC), I'm minting about 187,000 MINT every month...seems to be worth it. And it compounds so u get more and more, as you mint more. Here is a wallet example on YouTube http://youtu.be/g04yHPY6XikMintcoin have got a lot of potential. we hold Mintcoin in our wallet and earn up to 15% for this year, 10% the second and 5% Interest every year thereafter as a reward for securing the network. |
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Daedelus
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March 21, 2015, 09:34:12 AM |
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Get some Mintcoin You don't need a lot and the payout is higher. I've minted from a balance of only 1000 coins before with mintcoin and it pays 15% APR currently. With only 15 million coins (worth about 2 BTC), I'm minting about 187,000 MINT every month...seems to be worth it. And it compounds so u get more and more, as you mint more. Here is a wallet example on YouTube http://youtu.be/g04yHPY6XikMintcoin have got a lot of potential. we hold Mintcoin in our wallet and earn up to 15% for this year, 10% the second and 5% Interest every year thereafter as a reward for securing the network. You aren't comparing like for like. The OP is interested low/no inflation cryptos. If you're happy with your stake being inflated away at 15% then why not 30% or 300%? The only thing that changes is the time it takes for you to become poor. |
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