Trolling around tonight I found this link that gives a pretty simple explanation of what Proof of Stake (PoS) does/means, as well as lists the variants on the PoS technology. I've really taken a backseat to my trading and buying of crypto since August of this year -I've just been pretty burned out and trying to figure myself and life out.
I've mostly been hodling and watching my PoS wallets grow -I am staking BitBean, PIEcoin, Signatum, Stratis and BitConnect. The biggest problem I've encountered is when my PC restarts or crashes without my knowledge and I lose that precious time staking so I've been trying to devise a workaround.
My current project is to spin up a Raspberry Pi, hardwire it into my router and just let that baby run headless, essentially as a glorified desktop wallet holder.
Proof of Stake Love it
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Are you getting anything back from stratis staking ?
No, but I keep it running just in case. I think I remember reading on their webpage that the staking was set to happen in the future -and I read that over the summer here in the US (not sure where you live).
If you are ready to run a Pi 24/7 and got a free HDD you could also "mine" storj with the setup.
Not a bad idea, either. I'm also looking forward to Chia's release in Q2 of 2018 -Bram Cohen of BitTorrent fame's idea of a proof of space as well as a proof of time, to mitigate network attacks.
Super curious to see what a pioneer in the p2p filesharing world brings to blockchain.
Indeed but if you want to use disk space right now to mine there is sadly no mature alternative to storj, as far as i know. And its well documented even in raspberry pi cases. Guide for raspberry pi storj node
Thanks, how does this differ from Burstcoin? As far as I know, that uses disk space, as well.
I havent tried burst for myself yet so i cant give an informend answer ;) but from what i have seen it might be easier to setup for avarage user.
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