Last time we talked about proof of work. We promised that if you want to know about Proof of Stake, we will tell you about it too. We promised we did πͺ
Proof of Stake does not use a lot of computer power. The user receives a reward by becoming a validator. There is a minimum amount of cryptocurrency that you need to possess.
What the validator needs to do:
-Buy the required amount of cryptocurrency, if there is none
-Configure the server on a regular computer
-The computer must always be running, have an internet connection
-Connect as validator
-Get % of the deposited amount of cryptocurrency.
An example on Ethereum 2.0:
-Buy at least 32 ETH, or more if you like
-We set up a server on a computer, worth $700 USD
-We make sure that everything works properly.
-We receive % of the profit from blocked tokens. Blocked money make more money π°
Count:
-Costs = $ 20,300 USD
-Income per year = $ 3,300 USD
-16.75%/year (1eth=$613 USD)
-Doubling, taking into account that the exchange rate will not change = 7 years
Pluses:
-In the competition for a big reward, you are not buying rapidly aging computer equipment. You get more reward by stake more cryptocurrency that will be relevant for a long time
-It all depends on your responsibility. Stable server - no disruption penalties
-It's more energy efficient
Minuses:
-The minimum entry threshold can be quite high, depending on the cryptocurrency you choose for Proof of Stake. For example Ethereum 2.0 requires a minimum of 32 ETH, or $19,500 USD.
-Proof of Stake does not use many blockchains and there may be different errors depending on the network.
Conclusions:
Proof of Stake is a good alternative to other types of mining, given the rising price of cryptocurrencies and energy efficiency. A high entry threshold will alienate most users.
Fortunately, there are alternatives in the form of Nominated Proof-of-Stake. In this type of staking, the user does not need to have a large amount of financial resources.
Want to know about Nominated Proof-of-Stake? π
Proof of Stake does not use a lot of computer power. The user receives a reward by becoming a validator. There is a minimum amount of cryptocurrency that you need to possess.
What the validator needs to do:
-Buy the required amount of cryptocurrency, if there is none
-Configure the server on a regular computer
-The computer must always be running, have an internet connection
-Connect as validator
-Get % of the deposited amount of cryptocurrency.
An example on Ethereum 2.0:
-Buy at least 32 ETH, or more if you like
-We set up a server on a computer, worth $700 USD
-We make sure that everything works properly.
-We receive % of the profit from blocked tokens. Blocked money make more money π°
Count:
-Costs = $ 20,300 USD
-Income per year = $ 3,300 USD
-16.75%/year (1eth=$613 USD)
-Doubling, taking into account that the exchange rate will not change = 7 years
Pluses:
-In the competition for a big reward, you are not buying rapidly aging computer equipment. You get more reward by stake more cryptocurrency that will be relevant for a long time
-It all depends on your responsibility. Stable server - no disruption penalties
-It's more energy efficient
Minuses:
-The minimum entry threshold can be quite high, depending on the cryptocurrency you choose for Proof of Stake. For example Ethereum 2.0 requires a minimum of 32 ETH, or $19,500 USD.
-Proof of Stake does not use many blockchains and there may be different errors depending on the network.
Conclusions:
Proof of Stake is a good alternative to other types of mining, given the rising price of cryptocurrencies and energy efficiency. A high entry threshold will alienate most users.
Fortunately, there are alternatives in the form of Nominated Proof-of-Stake. In this type of staking, the user does not need to have a large amount of financial resources.
Want to know about Nominated Proof-of-Stake? π
The structure of thought, sharp questions, how to retire and come to invest in crypto projects - in a cool interview with Joseph Sanchez... Read more π₯
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The release on Merge Drago is ready, but Google does not approve it π€¬
Reason found, we are working on a fix π¨βπ»
Reason found, we are working on a fix π¨βπ»
We made new guide π€
-How to send SOUL from a crypto wallet to crypto exchange in 10 steps?
It will be especially helpful after reading:
-How to withdraw SOUL from the game to crypto wallet?
-How to buy ETH for Binance?
-How to send SOUL from a crypto wallet to crypto exchange in 10 steps?
It will be especially helpful after reading:
-How to withdraw SOUL from the game to crypto wallet?
-How to buy ETH for Binance?
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Good news for Merge Cats and Merge Drago players π°
Updates 1.12.0 and 1.2.0 are coming next week π₯π₯π₯
Updates 1.12.0 and 1.2.0 are coming next week π₯π₯π₯
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Blitz! Answer shortly in the comments ππ
1. Best and worst exchange
2. The best cryptocurrency to buy right now?
3. Merge Cats or Merge Dragon?
4. If I buy SOUL, then in few years I will sell it for...
5. Will Royal Crypto Shoot or Fail?
1. Best and worst exchange
2. The best cryptocurrency to buy right now?
3. Merge Cats or Merge Dragon?
4. If I buy SOUL, then in few years I will sell it for...
5. Will Royal Crypto Shoot or Fail?
Reputation leaders reward increased from 50,000 to 150,000 SOUL π₯π₯π₯
Winners of #reputationsystem in ENG channel are:
π₯ 75 000 SOUL - Wperalta (37) Expert
π₯ 50 000 SOUL - BRILLIANCEPLA (20) Advisor
π₯ 25 000 SOUL - Felipe1976 (20) Advisor
Winners of #reputationsystem in RU channel are:
π₯ 75 000 SOUL - Rybiniys (15) Π‘ΠΎΠ²Π΅ΡΠ½ΠΈΠΊ
π₯ 50 000 SOUL - JustCryptoMan (15) Π‘ΠΎΠ²Π΅ΡΠ½ΠΈΠΊ
π₯ 25 000 SOUL - ronerner (7) ΠΡΠΎΠ΄Π²ΠΈΠ½ΡΡΡΠΉ
Users can't win more than 1 time in 2 weeks.
Congratulations to the winners! Thank you for helping our community to become better! π€
Help other - get reputation and SOUL
Every 2 weeks weβll reward winners π
To give another user a reputation, reply his message and write - Thank you,thanks, ty, etc.
Winners of #reputationsystem in ENG channel are:
π₯ 75 000 SOUL - Wperalta (37) Expert
π₯ 50 000 SOUL - BRILLIANCEPLA (20) Advisor
π₯ 25 000 SOUL - Felipe1976 (20) Advisor
Winners of #reputationsystem in RU channel are:
π₯ 75 000 SOUL - Rybiniys (15) Π‘ΠΎΠ²Π΅ΡΠ½ΠΈΠΊ
π₯ 50 000 SOUL - JustCryptoMan (15) Π‘ΠΎΠ²Π΅ΡΠ½ΠΈΠΊ
π₯ 25 000 SOUL - ronerner (7) ΠΡΠΎΠ΄Π²ΠΈΠ½ΡΡΡΠΉ
Users can't win more than 1 time in 2 weeks.
Congratulations to the winners! Thank you for helping our community to become better! π€
Help other - get reputation and SOUL
Every 2 weeks weβll reward winners π
To give another user a reputation, reply his message and write - Thank you,thanks, ty, etc.
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VIEW IN TELEGRAM
We see that you would like to chat with a member of our team π
Which department member would you like to ask questions? π¨βπΌ
Which department member would you like to ask questions? π¨βπΌ