Pivx is one I’ve written about before with the last time being in late September. As I mentioned in that article Pivx is a proof of stake coin and you can stake PIVX by running its wallet.
So I decided to give it a try.
The process is fairly straight forward. Start by going to the Pivx website and downloading the wallet.
Once you get it get it running you’re going to have to download the blockchain. That will take some time depending on your connection speed.
Next you’re going to encrypt the wallet. That means setting a password. You’ll use the password to lock and unlock the wallet.
After that I would recommend backing up the wallet. I saved to the dat file to a couple safe locations.
Finally, you need to edit the configuration file. Don’t worry it’s easy.
Go to the tools tab and then ‘open wallet configuration.’ Open it up in notepad. Then enter in “staking=1” like in the picture below. Then close it, that's it.
Once that’s all done send your PIVX to the wallet. To stake make sure the wallet is unlocked and running. In other words, leave it open.
According to Pivx the stake reward rate is 4.8% right now.
I’ve been running mine for less than a week and have already minted twice.
This is worth checking out, especially if you’re holding PIVX on an exchange.
This one is in my peripheral view. I consider it a bit of a DASH proxy. Similar features without the baggage of DASH.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Exactly
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
sounds like it has potential
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It has a Dash-like model, supposed to be more private, good team.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@g-dubs the 4.8% is monthly? You need to keep the computer opened all the time for the month? If closed, you loose all the stakes? Thanks for sharing. upvoted. @gold84
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
It's annual. They say the rule of thumb is for every 1000 PIVX you own you should get a reward every 30 days. But it's random so you could mint two days in a row and then none for two months. Once you mint some PIVX it's yours. You don't lose it if the wallet closes.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@g-dubs thanks for following up on this! Really appreciate your further explanation. @gold84
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
No problem... I've been making more than the 4.8% so far... maybe I'm just lucky? not sure. But check it out if you can.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have 1 PIVX token in my wallet on my phone. I guess I will have to look into purchasing more in the future to stake........Speaking of Steak I think it is dinner time.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Lol I like that kind of steak too!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Really want to get into a staking coin. PIVX is on the top of the list right now.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I've been happy staking PiVX.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have heard some good things about Pivx at bitcoin meetups so I think I'll look into this myself thanks for the share. Looks like Dash's potential but with a cheaper masternode of 30,000 USD like early dash
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Supposedly more private than Dash as well. I've been staking and it's going well.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
really nice post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love staking platforms just gives another incentive to hold
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Agreed and this is a good project too.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
upvoted resteemit.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I got my wallet a couple months ago. PIVX is a crypto I definitely like.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
really nice post...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I am interested in this coin but besides it being POS what other good is it? You mentioned it is similar to DASH but in what ways? Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Private and instant transactions with a built-in governance and funding model.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Resteemed by @resteembot! Good Luck!
Curious?
The @resteembot's introduction post
The @reblogger's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 4.90 % upvote from @buildawhale thanks to: @g-dubs. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 5.81 % upvote from @boomerang thanks to: @g-dubs
@boomerang distributes 100% of the SBD and up to 80% of the Curation Rewards to STEEM POWER Delegators. If you want to bid for votes or want to delegate SP please read the @boomerang whitepaper.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This post has received a 10.59 % upvote from @booster thanks to: @g-dubs.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
img credz: pixabay.com
Nice, you got a 16.0% @peaceandlove upgoat, thanks to @g-dubs
It consists of $4.98 vote and $-0.41 curation
Want a boost? Minnowbooster's got your back!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The @OriginalWorks bot has determined this post by @g-dubs to be original material and upvoted(1.5%) it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit