Mining is dead: how PoS helps you to earn money even in a bear market
Source:
After reaching a record rate has been more than 410 days, which means the current bear market was the longest for major cryptocurrencies. Drop digital assets caught many traders by surprise, because they were not ready for the loss of 90 percent of its portfolio in just one year. This applies in particular to holders altcoins.
However, the most enterprising traders have found a way out of this situation. It is possible to earn in any market conditions with the help of staking. According to Bloomberg, PoS can bring some to the holders of coins from 5 to 150% of the annual just for possession of the cryptocurrency.
theStacking saves the world
If you had bought about a year ago, you would have lost about 92 percent of their money. Less «cost» turned out to be Bitcoin — only 80 percent. Do we need to mine coins if their price is constantly falling? Because mining takes much more resources than staking. That is why it is necessary to pay attention to PoS.
Data about the profitability of the process vary widely and depend on the popularity of coins for staking. The most common projects in the world are , and Livepeer. This is especially China.
Raising funds from investors can do even entire companies. For example, the company Staked collected about $ 4.5 million in the cryptocurrency. The Fund Staked invested even the big players on the type of Digital Currency Group, Coinbase and Pantera.
The Manager Multicoin Capital Management Kyle Samani believes taking the best strategy at all times.
Regardless of the market situation, staking gets you a guaranteed amount of the asset. If you are going long trades, you should pay attention to this strategy.
Source: CoinDesk
To make a profit simply visit and get your share of masternode to get a guaranteed income.
Recommended
the long-awaited summer. Niche cryptocurrency supported the event and gave unusually hot week. During the last seven days, we learned about the new line of graphics cards from AMD, the mining in TON and hard forks . In addition dealt with the profita...
Co-owner Bitcoin.org Coinbase Pro ridiculed and called a stock exchange Scam
co-Owner Bitcoin.org and most popular forum about cryptocurrency Bitcointalk.org Cobra called Coinbase Scam Pro trading platform American crypto currency exchange Coinbase. In his tweet he wrote «if you read Coinbase Pro backwards, get the word ...
The Ethereum is a cryptocurrency Scam. A new report Chainalysis
When people learned how to create a new cryptocurrency and began to build their infrastructure like marketplaces, in the field began to appear and fraud. According to blockchain auditor Chainalysis for the past two years, fraud in the ecosystem has s...
Related News
VEB and the Grozny mayor's office transferred the housing sector on the blockchain
In February, the first Deputy Chairman of VTB Olga Dergunova positively the prospects of the blockchain. According to her, the technology will improve the speed of transactions and security standards. To move from words to action ...
Hacker 1337. How to hack Etherscan not to cause any harm
Monday on the website Etherscan.io appeared a pop-up message with the numbers 1337. The visitors began to panic and spread rumors about hacking Explorer. really hacked, but the damage from a hacker attack was zero. About it writes...
Died the founder of QuadrigaCX. Now the crypto currency exchange is not able to find $ 145 million
After the sudden death of founder Jerry Cotto a crypto currency exchange QuadrigaCX were missing cryptocurrencies to $ 145 million. According to local newspaper the Globe and Mail, the company can't find or access the funds on Dec...
Cusines: Bitcoin has set a new record for the length of the fall
the Current downtrend has officially become the longest in the 10-year history . Recall that the main cryptocurrency has reached a historic high of 19 764 $ 17 Dec 2017. Since the asset now 412 days constantly dropping in price. T...
Deficit — one of the main advantages . According to a former Manager Dan herd, Satoshi Nakamoto himself several times emphasized this trait of the cryptocurrency in their letters to the community. And although Satoshi never used t...
Analyst: next halving will send you the price of Litecoin to the moon
still waiting ? Please note , after cutting the rewards for the block of LTC can also lead to a sharp increase in value. So says the anonymous analyst under the nickname Moon Overlord. According to him, the effect of halving will ...
CEO CoinList: 2019 will be a quiet year for the cryptocurrency, but will open the way to innovation
Last year was rather complicated for cryptocurrency. Basic coin suffered heavy losses – by the end of the year decreased by 74 percent, and has lost 85 percent. In 2019 on kaptarenko is likely to be silence, however, the company w...
Eternal HODL: how Didi Taihuttu, who invested all the money in Bitcoin
would you Give up all your assets for the sake of buying Bitcoin in the hope that someday he will show new highs? Didi, Romaine and their children continue to lead a lifestyle based on faith in the cryptocurrency. Such a scenario ...
Whether Bitcoin is completely anonymous? Expert's answer
Today broke another record — a cryptocurrency for quite a long time did not appear in the news related to the governments of major States. The first coin began to be actively discussed in the media after the events of Silk Road. d...
The first step on the path to the Ethereum 2.0. The team has released the official Serenity pretzels
Team launched its first pre-release of phase 0 in the migration process network version of the Ethereum 2.0. A message appeared on the project. As noted in the publication, this is the first pack of a series of weekly releases tha...
The volume of trade on decentralized exchanges struck a new low
Despite the interest of big kryptomere to the model DEX, decentralized exchanges has reached a record low in trading volume to the dollar. According to a new study Diar in June 2017, when the model DEX only began to spread, the to...
The great cycle: why Bitcoin needs to grow in February?
a Series of luck, which lasted for four years, may end in this year. Historically that February was a good month for prices . Cryptocurrency is increased by 16, 18, 23.5 and 1.6 per cent in the same month of 2015, 2016, 2017 and 2...
Beware of Scam: non-existent tokens in exchange for the private key
Kriptonyte've seen a lot of different Scam, but people still step on the same rake. Judging from the , the hackers until there is a stable source of earnings. Recently, one group of fraudsters collected the private keys of gullibl...
Trader: Bitcoin drops to $ 1100, LTC to 6 $
Price «likes» move in fractals. Founder ADFVN Clem chambers argues that the main cryptocurrency may drop down to $ 2,500. This is the conclusion the analyst came after a detailed study of the movement of an asset over th...
Come February. This means that the beautiful spring is coming in just a month, and the time to sum up January. For mining-pool first month of the year was rich in events. The developers have updated the pools Zcoin, got rid of ANO...
Starting line: custodial services from Fidelity came in the final testing stage
the financial services Provider Fidelity holds «final test» platform of its own custodial services for large captainvalor. This was said yesterday by representatives of the company in the official blog. They again mentio...
Chinese investors find the most promising Grin anonymous Aldona
Chinese investors prefer Grin — these are the results of a recent survey of local media PANews. Most interested in the crypt of citizens believe Grin the most promising project in the field of private cryptocurrency. While this st...
Almost all the stolen IOTA successfully found. Users have not yet received them back
UK Police in cooperation with Europol were able to detect almost all tokens for $ 11 million that were recently stolen by a British hacker. IOTA co-founder and co-Chairman of the Board Dominic Shiner told Reuters that the funds cu...
Trader: Bitcoin is unlikely to rise above $ 4,300 in the near future
for quite a long time trading below $ 4,000. While in the trades the cryptocurrency has low volatility. We will remind, last flat in the channel from 6200 to 6700 dollars was delayed for several months. Whether the asset has reac...
Financial consultant: banking services more expensive Bitcoin on 3233%
a Financial Advisor from McAdam Financial in Philadelphia Pat Chirchirillo found that the ultimate cost of the withdrawal from your Bank account to 3233% more expensive indicators . Apparently, he just exceeded your monthly limit ...
Comments (0)
This article has no comment, be the first!