Cryptocurrency staking, analysis 10.03.2018 - Stake United
As an energy engineer interested in cryptocurrency, I started exploring whether there are better alternatives than supporting energy intensive mining operations in case of Proof-of-Work cryptocurrencies. Of course, anything you need is just one Google search away. I was off to exploring the world of Proof-of-Stake cryptocurrencies in no time. And sure thing, the first statement anyone reads is: "You have a higher chance of staking more often when you're joining a staking pool, rather than staking alone." That's why I wanted to give you a short intro on StakeUnited. While I was searching, there were not too many informative reviews or comments posted, so I decided to give it a go. Honestly, you visit the website (visit here) and the first thing you actually see is the pool size for each coin, which is excellent. Basically, you can immediately assess shares your coins would have if you decided to stake with StakeUnited. Quite cool, right? Well, you also receive staking rewards whenever a certain coin stakes, proportional to shares of your coins in the pool. A fee of 3% is deducted from your stake (StakeUnited has to cover their costs, right?). In not going to comment too much on the fee since I consider that a fair amount - SU provides hardware, a website, wallet optimization for maximizing our (and their) staking income and has a very responsive team. StakeUnited has also finally made available MasterNode options for various coins, so you can choose whichever option you like, staking or joining a MasterNode.
What I'm going to try to do is provide my weekly analyses of coins which I have currently staking with StakeUnited. I am keeping track and will keep track of the staking gains on a daily basis. On 10.03.2018, my portfolio comprised HOLD (Interstellar Holdings), MONK (Monkey Project), OPC (OP Coin), PIVX and XGOX. I must admit, at the time I did not have much knowledge about any of these coins, except PIVX. Therefore, you must DO YOUR OWN RESEARCH. But I decided to give it a go and simply see how it turns out (He who dares wins!). So, let's get right into the analyses.
HOLD (Interstellar Holdings)
Bought: 03.03.2017
First stakes: 04.03.2018
As you can see, HOLD starts staking almost immediately after your stake is included in the wallet during daily wallet maintenance. Maximum daily stake profit in the period from 03.03.2018-10.03.2018 was 1,99%, while the average daily stake profit was 1,25%. Detailed results are presented on the chart below.
During this period, the compounded growth was 9,10%. Staking for seven days, and your portfolio increases by that much. Huh, this one is quite nice.
MONK (Monkey Project)
Bought: 03.03.2017
First stakes: 04.03.2018
As you can see, MONK also starts staking almost immediately after your stake is included in the wallet during daily wallet maintenance. Maximum daily stake profit in the period from 03.03.2018-10.03.2018 was 2,73%, while the average daily stake profit was 1,25%. Detailed results are presented on the chart below.
During this period, the compounded growth was 9,06%. Again, nice return.
OPC (OP Coin)
Bought: 03.03.2017
First stakes: 04.03.2018
As you can see, OPC also starts staking almost immediately after your stake is included in the wallet during daily wallet maintenance. Maximum daily stake profit in the period from 03.03.2018-10.03.2018 was 3,28%, while the average daily stake profit was 2,95%. Detailed results are presented on the chart below.
Hold on for this one....drums...the compounded growth was 22,59%. Wow! This of course is related the coin characteristics (DYOR).
PIVX (PIVX)
Bought: 04.03.2017
First stakes: 10.03.2018
PIVX is a slightly different beast in terms of staking. In this case it takes some time for the coins to mature. But don't be worried, they will mature. In my case, it took 6 days to get the first stake and that's the only one in this period. The only daily stake profit in the period from 03.03.2018-10.03.2018 was 0,01%. No need for a chart or further explanations here...move along.
XGOX (XGOX)
Bought: 05.03.2017
First stakes: 06.03.2018
As you can see, XGOX also starts staking almost immediately after your stake is included in the wallet during daily wallet maintenance. Maximum daily stake profit in the period from 03.03.2018-10.03.2018 was 0,75%, while the average daily stake profit was 0,59%. Detailed results are presented on the chart below.
The compounded growth was 3,00%. Quite nice too.
So the compounded growth of coins in my staking portfolio would look something like this.
Overall, I consider this quite a good result and I'm interested to see how things develop. In these analyses, I will not discuss coin prices, investment decision is absolutely on you. As this is the first of the analyses I'm posting, my plan is to do a regular weekly analyses, and of course monthly, quarterly and half year analyses. Join me again for the next weekly analyses with new additions to the staking portfolio.
If you'd like to join an amazing community and stake together with us, you can start here. If you already are a member of the StakeUnited community and you like my analyses, consider adding me as your referral by entering Squallex1 in your referral field.
Stake till next time!