Data-Driven Decision: Stake Coins vs Masternode Collateral

I have been writing about my proof-of-stake (also shortened, PoS) altcoins journey. This is part of an effort to educate some folks about the advantages of PoS, as against proof-of-work (also known as "mining").

You may refer to previous posts below:
 * Staking Alt Coins for Passive Income
 * AutoStart Staker Daemon on Boot
 * Setup An Alt Coin Masternode for Passive Income
 * Staking with Multiple Masternodes
 * Masternode Proof-of-Stake Push Notifications
 * Save on Some Crypto Transaction Fees

This post aims to educate on making a smart decision whether to stake or put up collaterals for masternode(s). And since this is a data driven age, let's use the transaction data from my WORX wallet to decide.

I am using WORX as an example since my investment is relatively new and I still have to make that decision. I currently have in excess of about 12,000 WORX coins. Also, WORX is a perfect example since this coin is PoS+MN in nature -- meaning rewards come from both staking and masternodes.

Export Transaction Data
First, export the transaction data. Open up the wallet, and click on Transactions and at the bottom right you will see an export button. I exported the data to my My Documents folder.

Circled in red is that exact button in the screenshot below.

 
Data-Driven Analysis
Like I mentioned, data-driven analysis. I used Excel's built-in data analysis tool Power Query. And came up with the data below. This is worth 1-week of staking WORX.

The first column contains the date; 2nd: is the count of Rewards instances, both MN and staking combined; 3rd: total amount of Rewards combined; 4th: Masternode Rewards only; and 5th: the difference between Total Rewards and Masternode Rewards.

Other relevant data that I should share is that I have four (4) MasterNodes (or MNs). Collateral for WORX is 1,000 coins so that leaves about 8,000 WORX staking.

And from the screenshot, my 4 MNs (4,000 WORX, or Amount (Rewards) Column) earn more than my 8,000 WORX staking (Difference Column). This is an easy decision to make.

Without considering and factoring costs of VPS, it is clear that staking really is not making much returns. Putting up collateral for WORX masternodes wins hands down!

 

---

If you happen to find this post helpful, buy me coffee or beer by these wallets. Thanks in advance.

• Bitcoin (BTC) - 3Kyjg1Wj1PNGN3KhiRprxYvvQpdjC5kT3k
• Etherium (ETH) - 0x5F168F895C63ccC5FbEf921047bc2b63f6780c3F
• WORX - WhXE4AFWFWT13zus2thfMF4rYR7DdHSsMH

Thanks! (vote for them as witness!)

• @coff33a
• @enginewitty
• @surpassinggoogle