HOW CAN WE STAKE TOGETHER FOR MUTUAL BENEFIT ? read below....
Here i explain how to use a website called Simple PoS Pool to maximise my returns from proof of stake coins!
https://simplepospool.com/?ref=CryptoTube
Simple PoS Pool explained:
The Pool is completely automated and you will have your logs inside your account. The site has a friendly interface that is easy to use and navigate.
Simply register, login, choose the coin you want to stake and a personal address will be created. Send your coins to the address and after a couple minutes you will see the coins added to your account.
Solo staking vs Pool staking
By Pooling coins with others you are able to substantially increase the weight of your coins. Greater weight means greater rewards! Everyone is a winner when they pool their resources!
I have also set up a desktop wallet with a similar amount of coins to run a comparison between pool v solo staking. I will post my updates in the weeks to come! Even after a few days however, it is easy to see Pooling brings far greater rewards!
Cost?
The service costs you only 3% from each stake you receive. No fee to deposit nor withdraw. These fees are used to maintain the servers, employees and the referral system.
They have a 4 tier referral system. You refer one friend and when he gets his/her reward, you will receive 10% from the fee of that stake. When your friend refer a friend, you will get 5%. That friend refer a friend and you will get 3%. That 3rd friend refer another friend and you will get 1%... All bonuses are based on the fee we receive. We will never take the referral bonuses from your stake.
How long to Withdraw?
When you order a withdraw, you will receive it immediately after the generated stake, 24/7. Simple PoS are constantly optimizing their wallets in order to generate the maximum stake possible.
Pros:
An intuitive user interface to manage your coins and to check the community pool.
Reward time is lot shorter when you stake together with the pool.
Together we earn higher rewards than individually.
Lucrative referral system.
100% transparent.
The pool is completely independent.
No restrictions on deposits or withdraws.
No cost for hardware for you.
No cost for electricity, computer or server.
Completely secure and stress-free.
Cons:
You have to trust SimplePoSPool
Come and join me in staking: https://simplepospool.com/?ref=CryptoTube
Let me know what you think in the comments section! All upvotes reciprocated :)
Nice information.
The best POSW without having 24/7 open wallet will be STAKENET. A fork from POSW. Supported by Ledger Nano S and first cryptocurrency to have Trustless Proof of Stake. You can check it :)
https://steemit.com/cryptocurrency/@greensmile/posw-stakenet-2018-roadmap
Thanks for the info, just had a look and that seems great! I am getting into staking more and more so always on the look out for the best pools and coins to stake!