Decred a safe and green way to POS --- Dont just sell it stake it!
Many of you may know about of Decred because you mine it with Ethereum using Claymore's dual Ethereum miner. Decred started out at about fifty cents and is now floating around thirty two to thirty eight dollars. Quite a few people just sold Decred as a way to maximize their Ethereum mining profits.
What many people do not realize is that you can mine more Decred with its unique POS ticket system. You can mine using a stand alone setup or use a staking pool that you delegate voting power to on your tickets. The advantages of using the stake pool are that you do not have to keep your wallet open 24/7 to respond to a ticket vote. The stake pool handles this for you and you do not have to keep any funds on the pool. Of course the pool needs to profit and they charge a small fee for the valuable service they provide. I do not endorse any specific pool and have not used any of the Decred staking pools but users in the forum seem to be happy with the service. I went with the more painful route of setting up a stand alone linux staking box. The documentation is great for a stand alone build but I would not recommend it unless you have a good internet connection or a server in a data center.
You can check https://dcrstats.com/ to see the current ticket price and purchase when you feel the ROI is at an acceptable level.
Very interesting. I've never been to interested in Decred, but this might have spiked that interest.
I think its worth looking into if you have been mining it with Ethereum, its nice to know your options at least.
Will do, thanks!
Decred (DCR) is a coin that's been on my mind for a while. They have puzzles that people can actually have fun and participate in to receive prizes. Also, It's a POW and POS coin which means that it allocates new coins being minted to those sources. DCR is really a novelty. Thanks for the post. I love how you can buy a ticket to vote :).
They did a big air drop when they first released it and I remember early adopters ending up with something like 300 Decred. One of the users in the forum mentioned they had over 2000 now from staking early on with the 300 from the air drop.
Nice post friend !
Follow and upvote each post @saurabhgupta !
I will do same for u !
Are you mining Decred?
Stake your DCR! This is the easiest guide ever: Upvote this comment 8)
https://steemit.com/decred/@rouse/lazy-mans-guide-staking-your-decred-dcr
Nice post, I just started getting into staking as well.
Thanks, in my opinion Decred is one of the better and safer options. Its expensive now so unless you mined it or received some free from the drop it may be costly to get involved in.
Fine post. I was about to start a similair discussion. I strongly advice people to only buy in to cryptos that have a solid background: A solid team, product, advisors, preferably VC investors, etc. Sell all cryptos that don't have this solid background. It's a waiste of money. I was wondering if anyone of you uses: https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. Check for example: https://www.coincheckup.com/coins/Decred#analysis For a complete Decred Analysis