Why should you opt for Staking?

Why should you opt for Staking?

By Chriss | Crypto Addict | 11 Nov 2019


Good morning/evening, everyone!

Today we live in a world where the Society is increasingly governed by cryptocurrencies, currently nearly 3000 different Cryptos are in use and increasingly used in our daily transactions

Cryptocurrencies eliminate the need to rely on the stock exchange, banks or any other reliable financial intermediary, and its freedom from land borders. With this new monetary system that is not managed by an elite group, millions of people around the world earn money by trading crypto, mining it or using staking. The problem is that we need a consensus algorithm to be able to verify the integrity of the Blockchain. There are two main types of protocols used by cryptocurrencies: Proof-of-Work (PoW) and Proof-of-Stake (PoS).

 

Let's take the time to differentiate between Proof-of-Work and Proof-of-Stake

 

Proof-of-Work (PoW) corresponds to the mining of cryptocurrencies, this has many advantages, including the main one which is:

  • The mined Cryptocurrencies belong to you

 

But also quite a few disadvantages, such as:

  • You waste a lot of time searching for relevant information on the Internet, namely: Which sites offer Mining, Which Cryptos Miner, Which Equipment to buy, etc....
  • You must have a lot of technical knowledge on this subject, for the configuration of programs, software, etc....
  • You must invest in high-performance and relatively expensive equipment
  • You are dependent on the hazards of everyday life, whether it is a power failure, your ISP that cannot provide you with Internet access, equipment that deteriorates, programs that crash, etc....
  • The electricity used for the mining is at your expense
  • The cost of maintaining the equipment is also at your expense

Because if your equipment is not operational or in use, you don't undermine anything, so you don't gain anything at all, which can result in another waste of time

It is no longer necessarily profitable to want to mine Cryptocurrencies, unless you invest a lot in high-performance equipment, or in a mining farm (but this investment remains colossal)

It remains to be seen whether or not the resale of what you have mined is profitable for you, in recent months, or even years, the trend has changed

 

There is however another method to 'produce' cryptocurrencies, but this requires having assets already in question, but at a lower cost, or even free of charge

 

MyCointainer offers you the possibility to Stake your Cryptocurrencies, for free!

 

The Proof-of-Stake (PoS), which commonly corresponds to Staking, allows you to generate passive income in crypto, in a very simple way:

  • Just register on the MyCointainer website
  • Choose the crypto you wish to deposit
  • Make the deposit
  • MyCointainer takes care of the rest

 

Unlike Proof-of-Work/Mining, Proof-of-Stake/Staking is that ! :

  • You do not need to invest anything (in terms of financial contribution or FIAT currency) (except for those who want to purchase a Masternode)
  • You do not need expensive equipment
  • You start generating crypto shortly after your deposit, several times a day.
  • You are no longer dependent on climatic hazards or daily life
  • This service is free of charge (the fees are deducted from your earnings, to guarantee that the service is completly free)
  • You earn cryptocurrencies 24/7, even when you sleep
  • You can Stake your crypto, from anywhere in the world, using a Computer or Smartphone
  • You do not need to be permanently connected to the Internet
  • Staking does not require any special knowledge or skills
  • Your assets are not blocked, and you can withdraw them at any time

There are only advantages to thinking about Staking your cryptocurrencies

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MyCointainer offers you a catalog with a large choice of supported Cryptos, and the list will grow over time

If you currently have:

  • BitGreen
  • BlackCoin
  • ColossusXT
  • Energi
  • Luxcore
  • Metrix Coin
  • NavCoin
  • Neblio
  • Peercoin
  • PivX
  • Qtum
  • Rapids
  • Stratis
  • Syscoin
  • ... This list is of course not exhaustive, I invite you to consult this site: https://www.mycointainer.com/assets, for a complete list of cryptocurrencies supported by MyCointainer

 

Depending on the Cryptos you want to Stake on MyCointainer you will have an annual ROI of 1 to 350%, all the information can be found on this page: https://www.mycointainer.com/assets

 

It goes without saying that the daily earnings from staking are pro rata to your deposit.

For those who want to go even further in the Staking experience, you also have the possibility to get a Masternode, requiring an investment on your part

But know that the earnings of this Masternode will allow you to have more consistent daily earnings (because like staking, all earnings are pro rata to the "investment/deposit")

 

MyCointainer community and I are at your service if you have any further questions or requests

 

Feel free to join us, and start Stake your Cryptocurrencies

 

Good Staking to all!

See you soon

 

Christophe WILHELM

https://www.mycointainer.com

 

Published with the agreement of MyCointainer

Credits photo : https://www.mycointainer.com/ 


Chriss
Chriss

Writer for : Rapids Network, MyCointainer, Note Blockchain, Minter, FLAT.FM, Freelance ...


Crypto Addict
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