Pool of Stake has set up their first Telos node

Pool of Stake has set up their first Telos node

First Cryptos were minable with normal home computers, then you started needing ASICs, and after that Solo mining didn’t seem sensible anymore but it was best to get to one of the mining pools.

Then there came Proof of Stake coins which seemed like the future of “mining”, and this is where they got an idea. Why not make a Pool of Stake, which would be a pool consisting of many different Proof of Stake coins.

It also appears this Pool of Stake is showing some good taste for, after all, it was only yesterday when they tweeted that they had just set up their first Telos node at stake.noku.io and that they even want to beta test upcoming Cryptomages.

Pool of Stake showing Pool of Wisdom

Unfortunately, stake.noku.io shows only sign up page, and as I didn’t want to bother signing up, I don’t really know much what this is, except this is through which Pool of Stake currently works and it is in Estonia and holds some license(s) making Pool of Stake ideas possible.

The Pool of Stake idea is that they have several different Pools there, one for each coin, which is currently 14 Different coins with 56 Total nodes.

The idea is basically that if I want to participate in the Telos pool for example, then there will be a wallet address where I can send my Telos coins. After that, my share of profits comes as Telos too.

They are also on the process of updating their website, hence it is a bit unclear right now.

If you wish to join Pool of Stake, do it through stake.noku.io.

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