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RE: Venture Capital merges with blockchain technologies
"Oryxcoin will be mined for those earnings". How it is doing this? Is it a proof of work coin? Is it mined with asics or what type of technology do you use for mining?
It is not mined with asics. Oryxcoin can be used to make masternodes, 10.000 coins needed for one masternode. The masternode is setup into a VPS and get rewards from his work.
The mining is based on PoS as the Nihilo Blockchain uses Proof of Stake to achieve consensus. So, instead of using sophisticated high power consuming mining machines, all you need to participate in the mining process is a stake in OryxCoin in your OryxCoin wallet. Moreover, for those who want to earn lucrative rewards on daily basis, they can also acquire a dedicated masternode by keeping a collateral of 10,000 OryxCoin.
It is here to be noted that given the current pricing of OryxCoin, this can be taken as a good opportunity to acquire a masternode: given the various Oryx ssociated utility platforms e.g. Nickets, Bartero etc. gets announced, the price is expected to surge, as the project grows.