Posts Tagged ‘Energycoin


One of the main issues for users that are into altcoins are coins switching to PoS (Proof of Stake) or supporting both PoW (Proof of Work) and PoS (Proof of Stake) is that they need to run multiple wallets all the time usually with very low interest rate to keep them motivated. Of course the idea of PoS is to keep the network operational and with multiple nodes by stimulating users with rewards to keep their wallets running all the time, but this rarely happens as planned. This is precisely why the user interest usually drops in coins once they go to PoS pretty quick, but there is an interesting solution that might help users not loose interest in PoS coins and avoid the inconvenience of running multiple coin wallets all the time. Staisybit is an online wallet for multiple crypto coins that allows users to keep their coins stored in it and have them staked, earning rewards based on the interest rate that each coin has with very low fees. This will save you the trouble of running multiple wallets that can be heavy on the computer they are installed and require a lot of resources, especially if they are more than just a few coins. The drawback will be a smaller number of users running the wallet and supporting the network of the specific coins as the service runs a single wallet per coin with multiple users, but then again it is also about the convenience of the users.


Staisybit has been available for a while apparently, but it is not very well known among users apparently and is not very popular, even though it provides interesting service and is easy to use and works well. Currently the service has support for 13 different coins with PoS, they are: Bitz (BITZ), Blackcoin (BLK), Diamond (DMD), Energycoin (ENRG), Europecoin (ERC), Fuelcoin (FUEL), Noblecoin (NOBL), OKCash (OK), Shadowcoin (SDC), Sterlingcoin (SLG), Vericoin (VRC), CoinMagi (XMG) and Quotient (XQN). Once you register (set a secure password with small and big caps and numbers) you need to Open Wallet for the supported coin you like and send in some coins in order for the staking to start. The service can use a bit of polishing and needs some more information and details such as info on all supported coins as some of them might not be familiar to many users etc, but is still quite good and might be useful to some users.

If you are interested in checking out the cloud staking online wallet service…


EnergyCoin (ENRG) is a pure PoS coin which generates coins through PoS blocks. Except the first block where it generates the initial 101 million coins, no PoW mining will get any coins. All every person has to do is post it on our facebook, twitter or reddit page, and add a signature to btctalk profile. After distribution is over energycoin is mineable by simply running your wallet. Thus a huge mining cost of hardware and millions of electricity costs are saved.

EnergyCoin also adopts a variable PoS rate with the following annual interest rate: Year-1: 10% Year-2: 8% Year-3: 6% Year-4: 4% Year-5: 2% Year 6 has only 1% of annual interest. 30 seconds block time to make sure network is stable and fast at the same time -Difficulty retarget is based on each block ensures to keep the difficulty logical -Scarce but not too scarce to be uninteresting or not usable. 101 million coins in distribution and interest values were decided to make sure the coin retains its value

Announcement at Bitcointalk

Block Explorer:

Coin Specifications

  • Scrypt POS/PoW Hybrid (No PoW Reward)
  • Max Coins: 110 Million and yearly interests
  • Year 1: 10% interest, 8%, 6%, 4%, 2% and then down to 1 % each year after that
  • Block Time: 30 seconds
  • Confirmations: 3 to confirm tx
  • Stake age: minimum 1 day to stake coins
  • Transaction confirmation time: 6 blocks or ~9 minutes
  • Block maturity time: 100 blocks or ~2 hours
  • Premine: 100% given away free to bitcointalk members

Online Staking Wallet

Source Code:
at GitHub

– RPC Port: 22706
– P2P Port: 22705

Mining Pools:
No pools available, PoS only coin.

Coin Exchanges: