Proof of Stake (POS) Coins Experiment week 3steemCreated with Sketch.

in cryptocurrency •  7 years ago 

Has been a couple of days since my last update in the experiment, been traveling, but now back :).

Nothing really much happend as the PC was off, but I had a couple of stakes.

That is 3x 1000 Bitbeans, they appear to come in 2 days after each other, and

7x Inflation coin, from 100k to 400k each. They seem to come daily.

The latter works quite well as I can tell and risk is pretty limited. I acquired some more for 1 Satoshi each and can sell them for 1 Satoshi each. Haven't done that yet, but if they throw me 1% of total value each day, I may let it come :).

I started another round with BitcoinCashScrypt, got the 70 coins airdrop and it should stake also within a day or two. Let's see.

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thanks for the update, glad to hear your experiment is still on :)
I haven't looked into inflation coin yet, but 1% per day doesn't really sound like a solid business model (for the coin), or too good to be true - how is that supposed to scale?

  ·  7 years ago (edited)

Well, it is certainly too risky to run this in large scale as it may just disappear from one day to the other. I have now ~1600$ in Inflationcoin, 1% makes it 16$ a day, that's enough to survive :)

Just got another stake, 570k. That's worth 24$. Not too bad for doing nothing :)

Another one, 500k. Keep it coming :)

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