Below is my summary of staking PIVX on StakeCube.net.
| Date | Balance | Reward | Percentage reward per day | Percentage reward per week | Percentage reward per year | Seven-day average |
|---|---|---|---|---|---|---|
| 24.12.31 | 5.06520140 | 0.00185139 | 0.03655% | 0.25586% | 13.34117% | |
| 25.01.01 | 5.06705279 | 0.00146565 | 0.02893% | 0.20248% | 10.55766% | |
| 25.01.02 | 5.47849994 | 0.00316806 | 0.05783% | 0.40479% | 21.10691% | |
| 25.01.03 | 5.73825760 | 0.00209441 | 0.03650% | 0.25549% | 13.32216% | |
| 25.01.04 | 6.16749663 | 0.00243760 | 0.03952% | 0.27666% | 14.42602% | |
| 25.01.05 | 6.37385324 | 0.00271178 | 0.04255% | 0,29782% | 15.52906% | |
| 25.01.06 | 6.69373062 | 0.00243979 | 0.03645% | 0.25514% | 13.30384% | 14.51240% |
| 25.01.07 | 7.06203588 | 0.00376113 | 0.05326% | 0.37281% | 19.43933% | 15.38357% |
| 25.01.08 | 7.28355439 | 0.00161988 | 0.02224% | 0.15568% | 8.11769% | 15.03500% |
| 25.01.09 | 7.67822766 | 0.00375288 | 0.04888% | 0.34214% | 17.84007% | 14,56831% |
| 0.02530257 | 0.04027% | 0.28189% | 14.69839% |
PIVX is a cryptocurrency that confirms transactions using the Proof-of-Stake (PoS) method, which is an alternative to Proof-of-Work (PoW), used for example by Bitcoin. In both cases, you receive a reward in coins for confirming transactions. To participate in PoS, you need to have a wallet installed on your computer, and it must be fully synchronized. Of course, the wallet cannot be empty 😄. To be selected for confirmation, you need coins; the more coins you have, the higher your chances. The coins must have 600 confirmations in the case of PIVX, so after 10 hours (one confirmation per minute), you can participate in staking. In the PoW method, transactions are confirmed by miners decoding hashes using a brute-force method, which requires a lot of computational power and, consequently, electricity, which costs money.
There is only one problem - the chance of being selected is minimal. As shown in the chart below, 56.4% of the rewards go to 20 wallets. The twentieth wallet holds 122,645 PIVX, which is approximately 39,665 USD. With only 7 PIVX, you can forget about rewards.
That's why I decided to check out StakeCube.net. The idea here is simple: you can join a pool and stake with others.
Why PIVX?
It has several advantages:
➕ It is continuously being developed.
➕ The Core wallet is user-friendly and even has a Polish language option.
➕ The WebApp wallet is user-friendly, though I haven't used it, but it looks really nice.
➕ There's a cool faucet that doesn't even require registration; you just need a wallet that supports PIVX with shielded coins - not all wallets have this.
➕ PIVCards- the possibility to purchase shopping cards
➕ Collaboration with Project Zomboid, a computer game, independently produced, with its own fan base, although I'm not one of them as I've never played survival-type games.
However, there are also some disadvantages:
➖ A huge number of generated coins: 89,522,902 PIVX.
➖ Many new coins (4 PIVX per minute for staking, occasionally 6 PIVX for mining).
➖ Poor coin distribution.
These disadvantages are a subjective view from the staking perspective.
pivx.promo - PIVX Faucet, a nice coin for PoS
Honeygain - Sharing network and content delivery, for rewards
Grass - Sharing network for rewards in the Solana (SOL) cryptocurrency
AutoFaucet - Faucet with a very wide selection of coins
Final Autoclaim - Faucet with a very wide selection of coins
FaucetCrypto - Faucet with a wide selection of coins and the ability to withdraw BTC directly to the wallet
Generate your cat thank you