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RE: How to make serious money by investing into Proof-of-stake – DMD Diamond PoS
Just came across this post. Thanks.
I only have 26DMD, been staking for a week, have not had any staking rewards but I really like the scarcity of the coin....... Should I invest a little more???
Well, with only 26 DMD, it s going to take a lot of time until you get your rewards. ATM, staking reward is 0.82 DMD so once you stake, you ll get 4% return immediately, having in mind the amount of coins you own. This means with 26 DMD, you ll stake 4-5 times a year, max. With more coins, you ll get more chance to stake. I suggest you visit our home page and request Slack invite. There we can clarify whatever question you might have. Cheers!
Thanks cryptojedi. Hardly seems worth it. I guess I need to make a much bigger investment than my 26 DMD.
Unfortunately, yes. The average proof of stake pile size is about 150-200 DMD ATM.
Thanks for replying.
Had a few mining payouts. Very good, nearly 1dmd and 2dmd. And only have 28 in there, so will keep holding. Was planning on selling, but now just going to hold.
Please read your ToS of DMD cloud. If you immediately sell everything you get, you re breaking ToS and you account may get limited. That service is created as DMD support vehicle, you should sell what you stake not what you get from the cloud. Otherwise you d be paid in DMD.