I Wanna Start Pos Mining

Discussion in 'Proof-of-stake Mining' started by jooni22, Jul 12, 2016.

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  1. 2017/12/15 - Decred v1.1.2 released! → Release Notes  → Downloads
  1. jooni22

    jooni22 New Member

    Jul 12, 2016
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    Male
    Poland
    Hi,
    I'm new here. Now I pow mining with claymore miner, now I'm interested in pos mining, but I don't understand a idea of pos mining I got some question for you, if anybody can help me I will be grateful.
    1. How much decred coin I need to start pos mining?. (actually I got 1.975 DCR)
    2. What happened when I will buy ticket?. (how many days I have to wait to earn some DCR, and how much I will earn with 1 ticket)
    3. Which method is better automatic bought ticket or manually?.
    4. Solo or pool?.
    Thanks for your time.
     
  2. BoMBeR

    BoMBeR New Member

    Jan 17, 2016
    75
    21
    Hello and welcome to decred. It is easy to get into and have multiple options for pos mining.
    1. you do not have enough decred. If you go to dcrstats.com you will see the current cost for one ticket. At the time of writing this post one ticket cost 34.62 dcr.
    2. When you buy a ticket that amount of dcr becomes locked until the ticket is used. The current reward for PoS vote 1.7458 DCR.
    3. I personally automatically buy tickets if the criteria is met. (I dont buy at high prices such as current ticket price)
    4. If you are just getting started with PoS then I would say pool. Since the mainnet pool is no longer live I personally solo mine. I only missed one ticket thus far and that was only because i accidentally reloaded my wallet and it didnt even have a chance to go live.
     
  3. jooni22

    jooni22 New Member

    Jul 12, 2016
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    Male
    Poland
    Ok thanks for reply, ok but how long usually ticket is used ?
     
  4. Btu

    Btu New Member

    Jan 1, 2016
    27
    2
    Male
    As far as I have read, it takes an average of 28 days for a ticket to vote
     

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