When it comes to earning spare Bitcoins, many people have tried standard proof of work mining or other alternative investment methods to earn consistent income. While some of them still work after breaking even on the initial hardware such as Ethereum proof of work mining still being profitable, I'm going to go over an alternative method that involves purchasing high interest proof of stake coins which operate as virtual miners/network nodes to build a high yield profit account on a blockchain that will give you consistent income throughout the year. The example I'm going over is InflationCoin (IFLT) which has a compoundable 800% annual interest rate on new coins generated for the first year, and there is also another high interest coin this method is recommended for known as Embercoin (EMB).
1. Purchase IFLT on Yobit Exchange (https://yobit.net/en/trade/IFLT/BTC)
First, purchase some IFLT using the Bitcoin trading gateway at Yobit exchange. If don't have Bitcoin there are various methods to purchase through a debit card, bank transfer, or Paypal as described here. A recommended starting amount to collect staking interest is 15-20 million coins (depending on price .2-.4 BTC), or higher depending on the amount of coins you'd like to generate in a short time period. Use the Yobit buy order form to request a bulk of altcoins based on the amount of Bitcoin in your balance.
2. Transfer coins to poswallet.com to collect Interest automatically on the Blockchain, or use the Personal Software Wallet
Next make an account at poswallet.com, receive a new IFLT address on their site by clicking "Generate new IFLT address" from their coin list after making a new account, and send a transfer of the coins from the exchange to their website using the wallet section of Yobit to exchange balances as displayed on the image below.
Later you'll be displayed a chart of how much your account is earning daily and can also plan ahead with a compounding calculator such as on compoundaily.com to see how much your balance will accumulate in the future (2.2-2.4% daily). An alternative method for higher amounts is you can transfer and stake the coins on a home software wallet using the information from the coin's bitcointalk thread here.
Core software wallet (Recommended for high amounts):
Happy Staking!
More Information
Bitcointalk: https://bitcointalk.org/index.php?topic=1710214.0
Twitter: https://twitter.com/inflationcoin
Poswallet doesn't support inflation coin (iflt) anymore. Just in case anyone was thinking of trying this method.
The software wallet is still running normally at the same interest rate currently as mentioned as in this article, I'll make an updated one with more instructions on the home wallet.
Hello, please tell me how much weight i must have to start get stake every day, now it's show me 100800
Good stuff @fermigbm.. What is your return rate right now at the current market value?
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