Hello fellow Steemit community members :)
My name is Konrad, I use everywhere alias 'Leass' - so if You saw it on BitcoinTalk or Discord - It's probably me ;)
As for few words of strict introduction: I'm 23yo IT Eng, working & living in Poland, following cryptocurrencies since ~2013, got really involved at beginning of 2017. Then my adventure with mining begun :)
I'm proud owner of 5x1080Ti Rig so I'd definately not say that mining is inefficient. It's just not as efficient as it was before (many people reffering as basis to june/july 2017 period which was in fact one of biggest miners earnings period ever).
In fact being believer and holding BTC will yield better results than mining as BTC proves going x3 during last 3 months, however mining is more secure type of investment since it won't suffer as much from: hacking, btc/alt value dips and so one, because part of Your investment is frozen within a cards itself that could be sold later if they became obsolete. So Your total loss is limited to card's value depreciation increased by total amount of electicity being paid.
So basic example - If You hold 1000$ in Alt X and it's value decreases by 90% you just lost it.
If you instead bought card for 1000$ and after X months it's yields are not satisfactory, You can sell Your cards for Y value - so Your total loss (if any) will be: A original card's value - Y card's value + all earnings You've got during X months.
Ok, but let's come back to my story :D Since mining earnings are going down each day it's postponing ROI. To prevent that or even get some additional income I've decided to do some kind of challenge/experiment with some well investigated POS coins.
I've decided to use 5% of my overall BTC holdings so far (stunning amount of 0.02!) and split it between 5 different POS projects (prime condition: available on Blockfolio for easy tracking).
Let's cover basic conditions for this project:
-Coin must be available on Blockfolio for tracking
-We'll use Coinsmarket exchange/staking pool to stake our coins
-We put aside 50% (0.01) of our investment for balancing costs in case of hard dips
-We won't take any profit from staking coins until their value is not >= 2x initial value
-Since we want to make cash out of it, we'll calculate fiat value of coins at moment of purchase and use it afterwards as checkpoint
-During project we'll discuss about different MN projects, one of our goal's would be funding MasterNode with profits from other POS coins
-At any given time we'll hold initial number of coins
-For exchanges we'll use Cryptopia & CoinExchange.io
Ok, so now we have some conditions ready, lets talk more about goals.
Since initial amount of investment will be really low (0.002 / Coin) we'll use coinsmarket exchange and staking pools to get stakes. If someone decide to follow some of coins but multiplied initial investment amount You could try to stake on You PC wallet.
Goals:
->Funding MN with POS earnings
->x10 Initial project value (we consider investment completed if it current value = x10 initial value)
->Get nice income out of... nothing :)
Okey so last thing for today, we need to choose our participants.
We did some research and decided to pick following ones:
-PoSToken - yeah, first of all is not really coin but ERC20 ETH token. But it's first one that implemented PoS minting on ethereum blockchain. It's currently on 100% APR, with stake maturity after 3 days. You can claim your stake from day 3 to 90 - after that it'd stop increasing.
(Staking on personal wallet)
-B3 Coin - This one don't need lot of introduction, currently on 10000% APR, with some expected, exciting stuff coming after block 80k.
(Staking on myFrogger Pool)
-Buzz Coin - Really nice staking coin with low price and nice staking rewards. Bit simillar to B3, got active DEV.
(Staking on Coinsmarket)
-GoCoin - This one is the best example that even shietties coin can became great in right hands. Good work dev, stable prices, organic growth, nice!
(Staking on Coinsmarket)
-Condensate(Rain) - nice coin, price dumping right now so it seems like good moment to jump in. IoT tech, random stake rewards ~200% APR.
(Staking on Coinsmarket)
So now, that all basics are covered I'll prepare everything for tomorrow - need to find my old phone, because Blockfolio doesn't support application cloning :(
Anyway, thanks to anyone who got that far and read all of this. Leave any insight you could think of :)
Cheers!
Welcome and play in steemit app. Hope you can share useful things with your writing and develop in this steemit app. Here we can mark the post with a minimum of five hastags for each person's search for the article. Enjoy in this steemit app because we also get additional income. Happy steemit @hotygirl00
Welcome to Steem @leass I have upvoted and sent you a tip
Hi and thanks a lot :)
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STOPMe like! You have been signed up for some time now so this introduction is a long time coming. This post deserves an upvote and full steem ahead!
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Hey , how are you ?
welcome to steemit @leass
following you now.
Thanks, will sort few things and we'll start to see how it goes :D