Altcoin staking - the new way to get altcoins and stay in the game

[Crazyivan]

Hey guys,

I ve got a lot of experience with PoS, been involved into staking for almost a year. I strongly believe as soon as KnC produces these solar powered 16nm miners, PoW mining diff s gonna skyrocket so much and the only people who ll be able to continue mining are whales and ASIC producers. This means PoS and staking will take the role of mining for ordinary home miners. All in all, I think getting into staking is a smart thing to do.

Regarding coin selection, one needs to be very careful when choosing which coins to stake

A few things to consider:

1 ) How old is the coin and how long is their rollout plan? I personally choose coins at least 1 year old, possibly 2 years. If the coins s been around that long, this means there is a devoted dev team behind it and not only people who want to cash out and run. Coin rollout plan is related to how long in the future they plan to introduce new stuff and develop the coin. If there is a long term plan posted by the dev team on their pages, this is something to consider.

2) Premine. If there is premine, avoid the coin. These coins are generally set up by their dev teams to push the price up and then unload their premined coins and run.

3) Staking rate. I choose coins with up to 60-80% stake rate per year max. Those with 500-1000%, well this simply is not sustainable. Again, I m searching for coins I can keep holding and profiting from them in 2-5 years time.

4) Inflation control and the total number of coins available. This is very important. A good PoS coins MUST have a great way to keep supply and the number of coins under control. Coins with unlimited supply or coins with max supply of 1000000000000+ are usually not a good choice. Coins with medium quantity and high market capitalization are the best option.

5) Market capitalization, that is the number of coins available x the price. This shows the real stength of the coin, especially if this market cap s been rising over time. This means the coin s becoming more and more expensive, under condition the quantity s under control.

6) Liquidity. There s no point of holding a coin which you cannot sell. Generally, anything around 2BTC per day is satisfactory. The more the better.

7) Home page. If the home page is non existent or very amateurish, this might mean the coin is usually one man team or lacking a sufficient financial support to develop a professional home page. Who wants to invest into a venture without a home page containing the most important info. Transparency is very important.

My favorite coins, based on all these recommendations is DMD Diamond coin.
Here is the page if someone s interested: https://bit.diamonds/
Here is also Cryptsy page: https://www.cryptsy.com/markets/view/DMD_BTC

The quanitity s only 4.38 mill, the price went up almost 100% compared to two months ago and the dev team s very active and honest.
There is a nice cloud mining promotion on their website offering 60% ROI the moment you invest, if you win the auction. Here is the link:
https://bit.diamonds/community/index.ph ... 113.0.html

Again, I m a bit biased towards DMD Diamond since I hold it for a long time and it has never disappointed me. There are several other interesting coins which satisfy most of criteria I ve posted here and I do consider differentiation important.

I hope this helps. Do not hesitate to contact me in case anyone s got more questions on the topic.

[mario]

Yes, Diamond is the good coin for investment. 50% of annual income and only 4.3 million coins in the system. If you look at the chart that understand

[Crazyivan]

It seems DMD price s about to recover again. This coin s really indestructible.

[Crazyivan]

The big DMD Cloudmining Promotion Event!
take part here
https://bit.diamonds/community/index.ph ... ml#msg1080


[center]


(Actual auction 1 DMD Private Reactor Key each day goes to the highest bidder on DMD Cloudmining shares)



There are only 30 keys being auctioned.
Grab the chance to win one of the Private R-Keys! [/center]

What will I get if I win an auction?
- DMD Cloudmining Shares; where 1 share is equivalent of 1$ value in BTC of your winning bid
- A Private Reactor Key; Double Stake Boosted 1000DMD capacity address for 12 months

What is a DMD Private Reactor Key?
DMD Private Reactor Key or Private R-Key for short, is an address that can store 1000 DMD in one coin pile (a single transaction).
For 12 months these coins will stake at twice (x2) the base stake rate. So, the base 25% p.a. is boosted to 50% p.a. which translates into extra 250 DMD per year.
Simply put, it’s doubled income!

What are the rules of the auction?
Each auction runs for 24h.
Each day, bids can be increased up until 24:00 CET after that the next auction starts.
The minimum bid amount is 0.15 BTC.
The minimum raise amount is 0.05 BTC higher than last bid. (The bid must already be placed.)
You can bid on any of the days in advance. If it’s Monday, you could place your bid for Friday’s auction. Also, if you were outbid on any of the days, your base bid amount is automatically moved to the next day’s auction. 
To place your bid make a post in this thread with the amount of BTC you pledge.
Once you win an auction you will be contacted via PM with detailed instructions of how to claim your boost, use your Private R-Key and Cloudmining shares.

what u get if u win auction u get the DMD Cloudmining shares 1 share for each 1$ value of BTC contributed of ur winning bid
AND a private reactor key!

what is a DMD private reactor key:

its a address that can store 1000 DMD send into it with a single transaction
and for the next 12 month this coins will stake with stakerate x2 (yes double stake income!)
so in fact win one auction will grant u free 250 DMD over the next 12 months
(a bit more if u consider we have now a globals stakeboost that stacks with private reactor until 19th july)

to make i easyer and less work we will manage the bids for 7 days
so u can bid for days in advance too
for each day people can increase their bid until 24:00 CET that date
(minimum bid  bid is 0.15 BTC minimum raise of a day with a bid already is 0.05 btc higher than last bid)
when u place a bid write  amount example 0.25BTC as a reply in this thread
ur bid will be used for today if its higher than actual bid if not it will be used for a follow up day and all other lower bids fall a day backwards
once u won a day i send ya a PM with further instructions how u can claim and use ur bounty key and buy ur shares

Bids will ONLY be done in this thread:
https://bit.diamonds/community/index.ph ... ml#msg1080