I have been giving zPIV staking a try for a while now and after discussing with a few others in the PIVX community, I feel like there may be more profitable ways to put my coins to work. PIVX has three different ways to get rewards.
- PIVX Staking
- zPIV Staking
A masternode requires a 10,000 PIVX commitment, so I decided to put the same amount into PIVX & zPIV staking as well. I will post the results here periodically for anyone to follow. Fortunately, we have published numbers from another source, so I know the numbers I am supposed to be seeing.
In my efforts I ran up against a couple of difficulties worth mentioning. First, I am running multiple other Masternodes with other coins, and PIVX has the most difficult setup routine I have experienced. I am not a linux expert, and the documentation available is not simple for the average person. Most other coins have a simple script, but I could not find one for PIVX. Also, with a Masternode, if you are hosting with a VPS (I am using VULTR.com) there is a monthly hosting fee. For these reasons, if someone chooses to use a Masternode to invest with, the rewards need to be worth the effort and the hosting cost. I expect the results to show this is the case… we will see.
Second, zPIV staking is frustrating for a couple reasons. When you stake, you earn 3 zPIV, and these are received in single denominations. The bad news is you can only move 7 zPIV at a time, so if you earn 100 zPIV staking, it requires 15 transfers to move them (100 / 7). I have earned over 900 zPIV staking, and I don’t have the time for 120 transactions, so those might throw off my numbers slightly if I cannot tell them apart. Also, zPIV staking results in over 50% orphans… some days you will receive nothing except orphans. My record is 11 in a row and you will get tired of seeing red 3’s. On the flip side, zPIV staking is anonymous, which is a really nice feature, so if it is comparable to the other two in returns, it will be the winner in my opinion.
I have just finished setting up the experiment today (09/16/2018), and I am not going to start gathering results until all three avenues are earning. Thanks for reading and I look forward to posting the results.
Here are some more details on the setup… I broke the 10k zPIV and PIVX staking into 1000 coin addresses. I have all three avenues paying into the same wallet, and I have moved all excess coins (except the single denomination zPIV) out to a different wallet. I have the Masternode running on a $5/month VPS. The coins are staking on a high end computer I use exclusively for staking.
09/20/2018 to 09/30/2018 (11 days) – 79 Total Rewards
- Masternode – 39 PIVX (3.54 / day)
- zPIV Staking – 24 zPIV (2.18 / day)
- PIVX Staking – 16 PIVX (1.45 / day)
Additionally, I had 33 zPIV Orphans, which don’t count towards the total. So far, the results lean heavily in favor of Masternodes.
Well, I ended up pausing the experiment because I have had so many issues getting the Masternode to work. At this point it says Enabled in my wallet, and active on the VPS, but no rewards are being sent for the last 4 days. To get any kind of comparable results I am going to have to start over on a new VPS and wait for the rewards to start coming in again, which took days last time.
I can tell you the previous 10 days my staking rewards have increased significantly for both PIVX (32 total, 100% increase) and zPIV (33 total, 37% increase). This comes much significantly closer to staking to what I received for MNs, so the difference may not be as much as we saw the first 10 days. zPIV was also keeping up with the MN until the issues started with it.