The TELOS PiggyBank is a pre-configured for TELOS (Staking) and BitcoinSubsidium (Mining).
A power supply is included.
Bitcoins can nowadays only be generated with special devices, so-called ASICs. This process requires an extremely large amount of energy and the returns are increasingly dwindling as the difficulty progresses faster than the technical progress.
As an alternative to the power-hungry Proof of Work concept of orginal Bitcoin, an energy-saving variant of PoS, Proof of Stake, has emerged.
Since ARM single-board computers are very economical, like cell phones, they have low power but high efficiency measured by power consumption.
In addition, staking uses only a fraction of the CPU time… you can say the device is bored.
After switching on, you will find the Transcendence program icon on the desktop.
With a double click, the wallet starts and generates a receiving address for you. You can add as many addresses as you like, which will all be merged into one wallet.
Name them and receive 10% Telos as a thank you afterwards. As long as the Pi is on, you will regularly get 10 Telos depending on the network size. These can be exchanged on an exchange like graviex.com.
With each additional telos, their weighting increases and so does the frequency of payouts in your direction.
Your Digital Piggy Bank thus fills itself. The more TELOS you have on your wallet, the more likely you are to be rewarded in each block round.
Scope of delivery:
– PeerschweinchenOS on microSD (min. 64GB).
– Access to Bluepool which makes XBTX mining accessible even for weak computers.
You get 2 years warranty
Please make a backup of your wallet on USB stick* after you receive the TELOS. This way you won’t lose your savings after a damage to the device. You can also export your private key and put it printed in a safe. Safety first!