I'm an old Bitcoin miner from years back and staking has been a way to feed my mining addiction! I still use small ASIC miners. I have a couple of Scrypt miners(2.4 MH/S) and two SHA256 USB miners (2.4 GH/s). I love to mine new POS coins and then stake them until they hit an exchange. I have done quite well in the past mining altcoins such as Dogecoin (from it's launch), Potcoin, Mazacoin, Reddcoin, Hempcoin, Dogecoindark (Verge), Litedoge and more currently HealthyWorm Coin,Evotion and 421 Coin. These last 3 are all staking away in wallets right now! I never got to mine GRWI-Growers International Coin,but was tipped off by a friend and purchased it during it's ICO on Cryptopia. It's been staking as well ever since mid August.
Growers International Coin is a cryptocurrency for weed growers. It's target market is aimed at legal growers and sellers around the world using it's blockchain. The GRWI smart contract system will be utilized by growers and will serve them as a means for making a public ledger for their business deals. GRWI offers 12,000+ items onine on their eCommerce platform This platform allows growers to connect with local GRWI affiliates to purchase growing supplies. This project gives growers their own decentralized blockchain platform for purchasing, trading, and to share and discover new products! This project could very well be the digital future of the cannabis industry.
GRWI utilizes a DPOS Growth Cycle. 177,700 coins will be added to their small supply of 1,00,420 during the DPOS proof of stake phase. Simply by hodling your investment in your wallet and beginning after just 8 hours, you will generate coins as follows:
up to block 10080 = 0.1 GRWI
up to block 20160 = 0.2 GRWI
up to block 30240 = 0.3 GRWI
up to block 43200 = 0.4 GRWI
up to block 50400 = 0.5 GRWI
up to block 60480 = 0.6 GRWI
up to block 70560 = 0.7 GRWI
up to block 80640 = 0.8 GRWI
up to block 90720 = 0.9 GRWI
up to block 100800 = 1 GRWI
up to block 110880 = 1.1 GRWI
up to block 120960 = 1.2 GRWI
up to block 131040 = 1.3 GRWI
up to block 141120 = 1.4 GRWI
up to block 151200 = 1.5 GRWI <STARTED TODAY! 11/22/17
up to block 161280 = 1.6 GRWI
up to block 171360 = 1.7 GRWI
up to block 181440 = 1.8 GRWI
After DPOS, $GRWI will enter 5% annual interest.
Source: http://growersintl.com/dpos
This coins stakes really good! How good? Today I staked 8 times and yesterday 13 times! This coin is listed on Cryptopia and has maintained a price between $1 - 1.35 consistently, it's at $1.34 today. The average stakes per day is let's say 9 times. At 1.5 coins per stake currently, that's 13.5 coins X $1.17(average price)= $ 15.80 per day!
As a comparison to how much money this wallet is generating, I've been considering ordering an ASIC rig from Bitmain and mining Litecoin. The Antminer L3 is a whopping 504 MH/s of mining power at a cost of $1586.00. I went to https://www.coinwarz.com/calculators and entered the specifications for this miner to see it's profitability. After accounting for electricity consumption and hardware cost, this machine will earn about $15.39 per day-see below:
Holding and staking GRWI coin is just as profitable as running a hot, loud mining rig 24/7! Not to mention that the coins themselves should go up in value considerably once the DPOS phase ends due to the very limited coin count.