PoS mining
Nowadays almost everyone heard about mining and how can earn cryptocurrecy. You need to have a mining powers or buy some powers using cloud mining but there are another way to earn some coins and it is a POS mining.
What is POS?
It's an abbreviation from Proof of Stake i don't want to describe an entire process how it works(you can find it out by yourself) but this can help you to earn some coins basically by doing NOTHING :)
But there are few things you need to know:
- Not each cryptocurrency using this algorithm(ReddCoin, BlackCoin and a lot of other does use it).
- You have to have a wallet app on your PC or laptop installed(not some online wallet).
- You need to have some coins stored in your wallet to be able to get a reward(more coins - more reward).
I have my own strategy how to get max profit from PoS mining i will write about it later.
PoS mining is eco-friendly comparing to PoW mining(hashpowers).