ReddCoin
Its been around since 2014. Instead of buying GPU for more hash power, you just need to have a bigger holding of Reddcoin and keep your wallet running and connect it to the internet to participate. And since the price of Reddcoin is not even a cent right now you would be able to buy a lot. All you would have to do is download the Reddcoin wallet for staking. It requires little computing power or energy. It can be done in CPU, PC laptops and even mobile devices.
Earnings
You will receive 5% per annum on average. There is bonus interest rate if you stake frequently. There is no mining pools and every Reddcoin holder will be Able to mint by oneself.
Right now price of ReddCoin is dirt cheap so you can buy a lot and start mining it
There are many Proof of stake coins now, and among them ReddCoin has too large supply...
Even if you get 5% extra coins you can lose, because their value can go to 0.0000000001 cents... or just 0 lol
What are some of the other POS coins that you are aware of ?
Other proof of stake coins include PIVX, NXT, Ark. I feel more confident in those. Redcoin has potential but the massive over supply is a huge problem right now which I haven't seen them address yet.
True the demand needs to meet up with the current supply which is to large.
@raj.mikesh , very informative article, upvoted and followed...
Thank you :) following you too!