Calculate how much you can earn by staking Bitbay. Results vary based on the staking amount, term, and type selected.
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- What is BitBay?
- How was BitBay launched?
- Who is the team behind BitBay?
- How to stake BitBay?
- Which network metrics do the rewards depend on?
- Is there a risk to stake BitBay?
BitBay is a free, decentralized marketplace for buying and selling goods and services on the blockchain. The project aims to be the new standard for eCommerce, allowing individuals to trade one-to-one at scale.
In 2014, the original founders raised capital in bad faith and quickly abandoned the project after fundraising, leaving the lead developer holding the bag. It seemed like BitBay was finished, but the developers continued working on the project out of a sense of duty to the original investors, without access to the capital raised in the fundraising round.
BitBay is a community-driven project. The core team now comprises of David Zimbeck and an energetic team of talented people from around the world.
To stake BAY coins it is recommended to run the official BitBay Core wallet with an entire copy of the blockchain on your Computer or a Virtual Private Server (VPS).
To get the highest possible rewards, please make sure to stay online 24/7 and keep the wallet unlocked for staking only.
The individual BitBay rewards depends on the Block Reward, Block Time, Daily Network Rewards and Total Staked.
Every block one staker is randomly selected whereas 1 staked coin counts as one “lottery ticket”. The selected staker has the right to create a new block and broadcast it to the network. He then receives the block reward and the fees of all transactions successfully included in this block.
In our Staking Calculator you can play with the above mentioned metrics to understand the dynamics and create all kinds of reward scenarios.
Staking BitBay is safe as long you protect your private keys. There is no risk of slashing.