Get AMAZING stake returns by using a POS multicoin pool

In the last six months I have been studying cryptocurrencies and investing in them, like many others. Nearly 2 months ago I learned about POS (proof of stake) and decided to start staking coins myself, including ARK, PIVX, Embercoins, BUZZ, XGOX and HOLD. Some of these coins give amazing ROI (return on investment).

In the Embercoins discord we received the news that staking does not have to go through your wallet anymore, because Embercoins were added to a POS multicoin pool. Great news, because then you do not have to leave your computer running continuously. In addition, the multipool has the advantage that you earn more. I'll explain this later in the article.

In a pool you stake your coins with others that have put their coins in the pool. This means you stake together and because of that you receive stakes faster. The "managers" of the pool, or provider you could say, receive a fee from every stake. That way they can pay for server costs, administrations, developing and salaries for employees. This is great, because it means they are earning income for setting up/developing the platform and updating/managing it and want to keep doing that. I wouldn't trust any staking pools that don't ask for fees.

Good pools have a user interface to manage your own coins. With manage I mean you can deposit and withdraw your coins at any time without restrictions, just like exchanges. Good pools also show the total amount of coins from the entire community that are put in the pool.

The best way to explain this is by showing examples on yearly returns. Please note that these returns are estimated and will (definitely) deviate from real returns. Also keep in mind that stakes are completely random and that the estimated amount of waiting is based on the current stake weight. The calculations underneath are perfect scenario and do not take maturing of coins, fees, POS difficulty and change of stake weight spent into the equation.

Example 1: Based on one stake a year in your wallet

Lets say you have 10 million Embercoins in your wallet. Embercoins gives 720% ROI on a yearly basis. This would mean that if you receive one stake after 365 days you would get a 72 million stake. Your total amount of Embercoins is now 82 million after staking for one year.

Example 2: Based on rates in your wallet

Lets say the estimated time to receive a stake when staking 10 million Embercoins is 85 days. This means that after 85 days you have accumulated 16.7 million Embercoins and get this number as your stake. Your total amount of Embercoins is now 26.7 million after staking for 85 days. There are still 280 days left in the year and you are now staking with 26.7 million coins. Because you are staking with this new amount of coins your estimated next stake will be in approximately 32 days. After 32 days you have accumulated another 16.7 million Embercoins. Your total amount of Embercoins is now 43.4 million after staking for 117 days. Continuing this calculation and you will end up with 2498 million Embercoins after staking for one year

Example 3: Based on staking through a pool

You put 10 million Embercoins in the pool. Lets say the estimated time to receive a stake is 1 day. Each day you will receive 1,97% from the total amount of Embercoins that you have on that day. Your total amount of Embercoins is now 12371 million after staking for one year.

If there are other people who are currently staking coins or find the idea of staking coins through a pool interesting, you can find more information about staking through the multicoin pool that I use at https://stakeunited.com/pos. Here you can also see if the coins that you have are supported by the platform.

Menno is a student from Amsterdam. In addition to improving his writing of articles, he likes to interfere with design, programming and marketing. In his free time, Menno likes to play online games, socialize with friends and drink LOADS of coffee. He also wants to know something about everything.