Beekers' Leased Proof of Stake Service

https://nix.snailbarf.org

At nix.snailbarf.org you can avoid the hassle of staking your own wallet 24/7 and get maximum returns for a minumum fee. No gimmicks, no frills, no unnecessary overkill -- Just the absolute best proven service, performance and reliability you can get. Check the FAQ for more details and find out for yourself why so many people stake their coins here.

Quick shoutout to LiteLiger for featuring my service in his NIX Leased Proof Of Stake (LPOS) Tutorial video on YouTube!

Setup Instructions

Bech32 Address

Staking from a Bech32 address is a requirement for participation in the NIX Platform Off-Chain Governance ecosystem. Click on your wallet below for detailed setup instructions.

  1. Open your NIX core wallet and click on LPoS
  2. Under the "Create Contract" tab, fill in the following information:
    • Lease to:
    • Contract Label (optional):
    • Amount: Enter the amount of coins you wish for me to stake on your behalf. If you'd like to stake everything in your wallet, put in the full amount and check the "Subtract fee from amount" box.
    • Check the box for "Enable fee payout"
    • Fee Percent:
    • Reward Address:
  3. Click the "Send NIX" button and after 200 confirmations (a network requirement), I will be actively staking for you.


  1. From the left-hand menu, click on "Staking".
  2. Under the Staking menu at the top, click on "Leased staking"
  3. Click on "New Leasing Contract"
    • LPoS provider details (optional):
    • Address that coins will be leased to for staking:
    • Contract description (optional):
    • LPoS provider's fee:
    • Address for LPoS provider's fee:
  4. Click the "Next" button and enter an amount to stake along with your password and after 200 confirmations (a network requirement), I will be actively staking for you.

Standard (P2SH Segwit) Address

If you do not wish to participate in the NIX Platform Off-Chain Governance, please use a Standard (P2SH Segwit) address. Click on your wallet below for detailed setup instructions.

  1. Open your NIX core wallet and click on LPoS
  2. Under the "Create Contract" tab, fill in the following information:
    • Lease to:
    • Contract Label (optional):
    • Amount: Enter the amount of coins you wish for me to stake on your behalf. If you'd like to stake everything in your wallet, put in the full amount and check the "Subtract fee from amount" box.
    • Check the box for "Enable fee payout"
    • Fee Percent:
    • Reward Address:
  3. Click the "Send NIX" button and after 200 confirmations (a network requirement), I will be actively staking for you.


  1. From the left-hand menu, click on "Staking".
  2. Under the Staking menu at the top, click on "Leased staking"
  3. Click on "New Leasing Contract"
    • LPoS provider details (optional):
    • Address that coins will be leased to for staking:
    • Contract description (optional):
    • LPoS provider's fee:
    • Address for LPoS provider's fee:
  4. Click the "Next" button and enter an amount to stake along with your password and after 200 confirmations (a network requirement), I will be actively staking for you.

Cancellation Instructions

Click on your wallet below for detailed cancellation instructions.

  1. Open your NIX core wallet and click on LPoS
  2. Click on the "Active Contracts" tab
  3. Select the contract you wish to cancel, then right click it and choose "Cancel contract"

If your contract does not show up, it's because you recently hit a stake and cannot move your coins until they have over 200 confirmations.

At the bottom of the Leased Staking window, you'll find a list of "Leased staking contracts". Simply locate the contract and click on "Cancel"

If your contract does not show up, it's because you recently hit a stake and cannot move your coins until they have over 200 confirmations.

FAQ

What makes your service any better than the rest?
I go quite a bit beyond just starting a wallet and enabling staking - I use custom services to make sure that your contracts get every possible chance to hit to stake. This includes chain fork detection and correction along with automatic handling of wallet errors that might pop up before an official fix is released (such as the time when you had to manually abandon failed stakes). I also have a real-time logfile feed going to my desktop so I can personally maintain a watchful eye on performance which has allowed me to quickly identify previous bugs and bring them to the attention of the development team. As far as I know, no other provider goes to such lengths to ensure that your coins are not only constantly staking, but properly staking as well.

What is the difference between using Bech32 and a Standard (P2SH Segwit) address?
In order to participate in the NIX Platform Off-Chain Governance, you must stake from a Bech32 (nix1*) address. If you don't intend to vote, I recommend that you use a Standard (P2SH Segwit) address because one of the requirements for a proposal to pass is that at least 50% of eligible votes are cast.

Is there a minimum amount I need to stake?
Nope. Whether you are staking just a few or a whole bunch, you can rest assured that you'll get the maximum amount of uptime possible without having to run your own staking wallet 24/7.

How many coins per day can I expect?
It doesn't quite work that way. Current stake rewards are approximately 2.5 NIX per block and the more coins you have actively staking, the more often you will get that reward.

Is there an optimum number of coins that get the most stakes?
Because of the 200 confirmation requirement, large amounts of coins won't catch as many stakes as they should. While nobody can say for certian what the perfect amount is, my opinion is that between 5K and 6K seems to be the sweet spot. Because of this, all contracts over 10K will automatically get split into 2 to help ensure your coins get as many stakes as possible.

How good is your uptime for staking coins?
So far, 100%. Even if a wallet upgrade requires a blockchain resync or I do a system upgrade, I have an entirely separate backup server that will take over if the primary service ever experiences any amount of downtime.

How can I check to see if I'm getting stakes/rewards? There are 2 ways to do this:

  1. Open your wallet that contains the contract for the coins I'm staking on your behalf and check your transactions list.
  2. Use a block explorer to monitor your balance. You can find the proper address to monitor by:
    • Opening the QT Core Wallet and enable coin control under 'Settings|Options...'
    • From the Send tab, click on the "Inputs..." button.
    • Right click the address that contains the amount of coins you are staking to copy it.

Are my coins added to a pool?
No, each contract is staked individually.

Does your fee take 5% from my entire contract?
The fee only applies to the stake reward, not your entire contract. This currently works out to you getting about 2.4 NIX per stake while I receive about .125 NIX.

What happens with my stake rewards? Where do they go?
Your rewards are automagically added to your contract which increases your chances of finding a new block without you having to do anything at all.

What happens if you decide to discontinue this service?
Because I am not able to cancel your contract, the only way I can alert people to this highly unlikely event is by announcing it on this site. But honestly, I have absolutely no intention of ever doing so.

Contact

As part of the NIX community known as Beekers McCluer on both Telegram (@Beekers) and Discord (@Beekers McCluer#9206) since before the first NIX block was mined, you can always find me there. I also happen to be a recent addition to the NIX family of contributors. Join us and say hi! Alternatively, you can send me a message with the form below and I will get back to you soon.

Questions/Comments/Requests

About nix.snailbarf.org

My IT experience includes over 10 years of Network Engineering in addition to general hardware and system administration. Staking on your behalf requires no additional cost for me to pass along to you, as I am already staking my own coins which I watch very closely in order to maximize my (and your) returns. It is in my best interest to provide you with successful stakes as often as computerly/humanly possible, and that is exactly what I will do. Isn't trustless blockchain technology great?!

site design © Copyright 2019 Beekers McCluer for nix.snailbarf.org