Stake club: Providing an alternative to traditional mining
Cryptocurrencies have become a real mainstream in everyday life. Everyone is trying to find their own way of making money on this “Eldorado”: some prefer speculative trading, others are trying to master the direct mining of these cryptocurrencies. However, recently, a new way to receive passive income has become popular – cryptocurrency staking.
Over the past few months, the popularity of staking has grown significantly, since this method does not require a hard and long setup and allows you to receive passive income. In traditional Proof-of-Work, miners provide the computing power of their machines to protect and maintain blockchain networks. The miners’ work on calculating the next block is rewarded with the corresponding coins.
However, such a process is not always profitable for miners due to the low cost of some cryptocurrencies and the high costs of electricity and productive computing equipment.
“That is why staking is becoming an affordable alternative to traditional mining”, – notice the experts from StakeClub. Staking assumes that users store their cryptocurrency in a wallet, thereby securing the blockchain network, confirming transactions, and creating new blocks.
As in the case of PoW, when a new block is created, stakers are rewarded for participating in the process to develop it. There is nothing easier than staking: transfer the desired cryptocurrency to the address, or buy/change, if it is not yet available, place it in the contract and calmly watch the balance slowly but surely increase.
Whether you are a beginner or a seasoned investor, staking cryptocurrencies is a great opportunity for everyone. The amount of the reward varies depending on the contract you choose, but the main advantage of staking is that you don’t need to take any action.
This is 100% passive income. With a wide choice among investment packages, StakeClub chooses an individual approach to each user. Each package contains and differs in: cost, referral bonus, and package validity period. The payments are made in Bitcoin cryptocurrency.
StakeClub has been growing rapidly from day one and gaining momentum among existing staking platforms. They currently provide services to clients in over 120 countries with a user-friendly and easy-to-use interface, as well as security and privacy, a wide range of packages, instant payouts, and lastly, friendly support.
Users can join StakeClub with any amount, even a very small one. This completely eliminates the hassle of running your own validator where the assets are stored.
Moreover, there is a chance to invest and multiply capital together with friends through the Stake Club`s referral program.
Disclaimer: This is a paid post and should not be treated as news/advice.
This article was first written on yusmid.com