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Fast. Private. Stakeable. TOP OG PRIVACY COIN
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You can start with coldstaking from one PIVX and at one point in time you also will receive a reward, But getting rewards with 1 PIVX is very rare, means you need to wait a very long time! I
Currently you can roughly say that the staking rewards is between 13 and 16 %. But these rewards change depending on how many coins are actually being staked!
👉 Lets do the math with 1000 PIVX and 15% return per year!
STEP 1️⃣: if you have 1000 PIVX you will get 150 PIVX at a rate of 15% in 365 days.
STEP 2️⃣: because the rewards are always paid out in 4 PIV blocks, we divide 150 /4 to get the number of payments in 365 days which is 37,5 payments
STEP 3️⃣: Now we can calculate how many days it takes theoretically to get a reward when we have 1000 PIVX : 365days / 37,5 payments ~ 9,7 days / payment means every 10days you can get a staking reward. This can vary sometimes you get a payment every 5 days sometime you have to wait 30 days for one payment!
lets break this down for more values!
This means that in the range below 500 PIVX not too much is happening. So the first big milestone to achieve is 500 PIVX