Mining Guide: How to choose the right coin to mine in the PoS mining era?

I will first post a picture of recent research results, and then share the subsequent selection logic.

1. First of all, we must clearly understand the value of the currency itself

Many people have a misunderstanding. They always think that they should mine these PoS coins because the media reports on Ethereum, Cosmos, and EOS every day. But in fact, anyone with a little bit of brains can think that Ethereum has increased by more than 1,000 times, Cosmos' valuation has reached the sky, and EOS has increased by dozens of times. If you mine these coins now, the returns will not be low, and you will not make much money. You will lose a lot. Don't forget how many people were slaughtered by Ethereum last year. You believe everything the media says...

There are several dimensions that must be carefully judged:

1. Is the currency value already very overvalued? Compare horizontally

2. Has the price of the currency increased by dozens or hundreds of times? Are you stupid if you still buy it?

3. What is the future growth potential of the currency? The currency circle is reshuffled every six months. The mainstream currencies that the media pays attention to are basically very dangerous. You should participate in potential coins that have the potential to rotate mainstream currencies within six months.

4. The liquidity and number of users of the currency. This is very important and determines whether your entry and exit are smooth. The more people play, the more this currency will skyrocket.

What? You still want to mine mainstream POS coins? Taking the risk of buying assets that won't skyrocket, the risk-return ratio is totally disproportionate? Why don't you buy Yu'ebao?

2. Take a closer look at the profit indicators of PoS coins

This is also a misunderstanding. Generally, novices ask what the annualized return is. However, they ignore an important piece of information, which is the restriction of mining on equity and whether the coin is in a high-yield period of equity mining.

There are several dimensional indicators, and everyone must analyze them carefully:

Annualized return on investment: This is an important indicator. Generally, the return on investment for older projects is very low. For example, Ethereum is said to be 2%. You must participate in relatively high and potential projects. After all, you are speculating in cryptocurrencies and trying to get high returns, not buying Yu'ebao, right?

Minimum requirements for mining coin rights: Many PoS mining operations require a certain amount of coins to be pledged, and how long they are locked before they can be withdrawn. These are all thresholds. It is best to find one without any thresholds.

Is it currently in the peak period of revenue: Like Bitcoin mining, PoS mining coins also have high-return mining periods and low-return mining periods. Generally, the early stage is a high-return mining period, with high returns based on the currency standard and low returns based on the legal currency standard, and the later stage is a low-return mining period, with low returns based on the currency standard and high returns based on the legal currency standard.

Is it possible to make compound investments: After mining the minerals, the compound growth can be quite terrifying if the minerals are used to continue mining. The currency standard can even double in 3 years.

Friends who have some knowledge will definitely know that they should choose a few high-yield early mining projects, hoard mining in the early stage, enjoy the skyrocketing benefits of the coin price in the medium term, and then achieve wealth freedom.

3. Mining Difficulty

The difficulty of mining directly determines the participation, user breadth, and promotion efficiency of this PoS mining coin. The more people play the coin, the greater the consensus, and the easier it is to succeed. Everyone must choose such a coin.

There are three dimensional indicators, and everyone must analyze them carefully:

Mining complexity: Is mining simple and easy? The simpler and easier mining is, the easier it is for more people to participate. It would be best if there is no threshold and no technical knowledge is required, and people can participate with just a few clicks.

Equity liquidity: Equity liquidity means that you can mine whenever you want, and you can leave whenever you don’t want to.

Mining consensus calculation model: The simpler the mining consensus, the safer it is, so as to ensure that there will never be loopholes.

In short, everyone must choose simple and easy PoS mining coins as much as possible.

Anyone who tells you that mining requires fancy techniques is lying to you because they don’t understand the techniques.

4. Balance

The biggest problem with PoS coins is that the poor get poorer and the rich get richer, and eventually all the poor are gone, leaving only the rich to fight alone, causing the blockchain to lose its vitality.

There are two dimensional indicators, and everyone must analyze them carefully:

Economic balance: The economy is properly balanced, allowing the rich to have a certain degree of profit advantage while the poor can catch up with the rich. Only in this way can the currency maintain long-term vitality.

Mining pool voice: You must choose PoS mining coins with weak mining pool voice. The weaker the mining pool voice, the more control the coin holders have over the future of the blockchain.