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COTI - Currency of the Internet COTI - Currency of the Internet
Can⚡️-

Why cant I run a node for free? Like Bitcoin?

#coti #cryptocurrency #english
0

4 ответов

24 просмотра
Fireflight-

You do realize that you need to purchase specialized hardware to mine bitcoin (it's called an "asic") + the energy it consumes. So bitcoin is not really free as well and quite an investment if you want to be profitable. Perhaps you are talking about pooling your hardware in a community bitcoin pool, but the returns of that is really small. The APY for running a COTI node is 30% APY (of that 150k you are staking) + the treasury x1 APY on top. That's a very nice return. But indeed, it's an expensive investment.

0
07.03.2022
Mr. Not In Use-

You keep that 150k for yourself, so essentially its "free" unlike btc which consumes huge amount of energy.

0
07.03.2022
Can⚡️- Автор вопроса
Mr. Not In Use
You keep that 150k for yourself, so essentially it...

I know but this is too expensive for a person like me

0
07.03.2022
Mr. Not In Use-
Can⚡️
I know but this is too expensive for a person like...

its kind of a PoS.. but not really. There is limited revenue now for coti so the reward pool is enough only for a certain amount of people as of now. So they will choose people who hold at least 150k coti + are running a test-node for a long while.

0
07.03.2022

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