Re: [ANN] PYRITE | $PYE | POW/POS HYBRID | SHA256Q | FAIR LAUNCH | NO PREMINE | GPU
Is there a recommended tutorial on how to go about setting up for staking? I've never tried.. but now that I have some coin I'd like to.
If it happens to list the pros and cons as well, that would be even better
If it happens to list the pros and cons as well, that would be even better
There is a lot on staking available online. The thing is, PoS blocks only happen when users send Pyrite and it's just fees, no additional reward. So what's recommended is using a low powered device if you want to keep the wallet open 24/7; like a raspberry pi or something. You should also use coin control to consolidate your wallet to increase weight. If you see a a "?" mark instead of confirmations, that means it's an orphan and someone else got the reward. I still encourage everyone to stake to secure the network. There will be a lot of PoS blocks once more pools pop up and more people start to use Pyrite in general.
Thank you for the info! I know there isn't much reward at the moment for staking, so right now this is more of a learning experience more than anything else.
Having a guide (eg. raspberri pi staking guide) will make it easier for everyone else as well to get into staking... Is an static IP required? Or can I wing it with my regular whatever-the-isp-gives-me?
I'll try setting something up and, if I can get it to work, make a guide for others as well.
For us newbs to the actual coding a coin world, do you have a guide for a testnet of sorts? (can't say I have a lot of time to tinker, but it'd be fun to actually contribute to the code base at some point)