Proof of Stake Investing

What is it all about? Is it like crypto mining?

There are advantages of Proof of Stake over mining - energy efficient, no expensive hardware nor expensive mining contracts required. With Proof of Stake (PoS) you invest your current altcoins by keeping them in your own coin wallet. You can not usually earn by keeping altcoins in an online/web wallet but only on your own computer.

With Bitcoins you can not earn PoS earnings as Bitcoin require Proof of Work (or mining) and not staking. Proof of Stake is like earning a little interest on your savings.

A draw back though is to get any return from staking you usually need quite a few coins in your wallet and need to keep you wallet available online at all times. Having a small amount of PoS coins is not a barrier to earning though.

There a many altcoins that have Proof of Stake, and plans for Ethereum to also migrate from mining to staking. To name a few altcoins which you can stake are Clams, PIVX and Stratis. These are the coins we currently stake.

Staking (also known as minting coins) will not make you rich but will provide a regular steady return for your coins, as your coins are in your wallet you also haven't lost anything - no mining contract required, no purchase of expensive mining equipment. A draw back is you need coins to make a return. The more coins you have in your wallet the better the chance of you receiving a reward or return.

To help investors with staking there are staking pools available. These allow those with a small investment to join others to earn a percentage of the staking reward for the specified altcoin. This helps to maintain a regular return.

For investment into cryptocoins I can see staking as a positive investment with very little expense. 

Our first available staking pool for StartisCoins allows investors to invest their Stratis coins in the pool to earn a return. Not only that, with our pool you can also invest with Bitcoins or Clams without the need to send $Stratis or have a Stratis wallet. The invested coins remain safe - there are not lost or gambled, they remain there to enable the staking pool to operate. Only the profit on the return will require a small fee (0.5% until 1st January 2018).

We have plans to create further staking pools in the near future. Keep upto date with developments at www.techsupport.work.

(Website still under development!)