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RE: How to Build Proof of Stake Altcoins and Stake Coins on a Remote Ubuntu Server

in #altcoins8 years ago

Most have a fixed interest rate set per year, as per each coin's individual protocol. This can be anywhere from 1% (peercoin) to 10% (synergy).

Normally, what I do is trade coins and obtain them for free and then stake the profits (after having received a little extra bitcoin first). I figure I can just hold and see where things are. During a large increase in price on any of the coins, I'll take some amount of the staked coins and sell them. Maybe try to buy a bit back lower with some amount of the profits. Rinse. Repeat.

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Thanks for the reply, does the interest cover the monthly hosting fees in the short term? or do you have to trade to cover that?

I trade enough to 1) either afford paying for the server on its own or 2) not care if it falls short, as this is all speculative.

To be honest, I only just recently started staking wallets on a remote server, so I cannot say how profitable / unprofitable it is. I think having multiple coins staking, with constant internet access, is worth quite a bit to me, so I can turn my home machine on and off as needed.