How to Vote with RISE to earn a passive income with DPOS - Delegated Proof Of Stake

in #rise7 years ago

Hello again and welcome to my latest blog post on my recent gem RISE

Rise is a DPOS coin meaning Delegated Proof of Stake, What that means is that we the $RISE users have the power to vote in a node to Forge blocks for $RISE, There can only ever be 101 delegates, they can be voted out and replaced. By voting into a Delegate/Node you essentially get a payout depending on what the RISE delegate is offering, Usually Daily / weekly / monthly payouts of a certain percentage depending on how many $RISE you are holding in your wallet.

The benefit of DPOS over standard POS is that you never have to leave your wallet open, Simply vote and let the passive income begin. No bandwidth usage, no power usage. Pure income other than your only smart expense being the $RISE you purchased.


Lets begin:

1.) Go to https://rise.vision/index.php#wallet and download the correct wallet file for your operating system, Unzip and install it.

2.) Create your wallet file and backup your passphrase on a secure location

3.) Send RISE to your address from your exchange or web wallet, RISE can be purchased here: https://bittrex.com/Market/Index?MarketName=BTC-RISE

4.) Locate a delegate you want to vote for by going here https://dpostools.com/RISE , There are also some others not listed on here, you can find some others by joining the $RISE slack here http://slack.rise.vision/

5.) In your wallet follow these steps below as seen in the images. I just used 3 rise as a test, I recommend much more.

Select your wallet you want to vote from within the $RISE wallet.

Select the votes tab

Select add Delegate

Add in your Delegates name you want to vote for on the website you used in step 4, I used the first one on the list as a test, corsaro.

Your delegate will now be added and automatically selected, Please select vote.

Enter your wallet passphrase, the same one $RISE generated when you created the wallet, then click "Next"

The fee for voting is 1 $RISE, Click send R1 now and it will now process your vote and you should start receiving payouts automatically from the node you voted for.


Thats it! You are now earning a passive income by just voting on a delegate that is running a node.

Here is some pointers:
.You can increase your rewards by adding more $RISE to the same $RISE address you voted with.
.You do not need to leave your wallet open or your pc on to receive $RISE DPOS rewards unless you are a node.
.The rewards change depending per pool, so make sure to check different pools on the $RISE slack.

Lastly $RISE is still new and has so much planned, The amount of $RISE you earn now may not be significant in FIAT value but this is perhaps one of the greatest cryptocurrency related earnings for the future!

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Thanks for sharing!
How to select "the right" delegate from that list and what are the differences between them?
Is there a calculator for the expected payout per $RISE per time?

Great question, Well that depends ultimately on you, I recommend you access their websites or check on the slack. I generally pick one that has a high RISE balance, high productivity as well as some nice rewards. Once you have voted go here https://dpostools.com/RISE and enter your RISE address, It will show your vote and an estimated payout.

I know some of the images aren't clear this is due to steemit compressing them, but all instructions added in :) if you need assistance message me on the slack.

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