Delegate your PIV for staking to a hot wallet while maintaining full control. With Cold Staking, you retain the private keys for your PIV, and your staking rewards offline, while a hot wallet remains online to stake on your behalf.
Most desktops, laptops, and even a Raspberry PI meet the demands required to run a hot wallet for cold staking (single-core CPU, 2 GB of RAM, and 30 GB of storage space).
Once delegated, your cold wallet and the private keys to spend your PIV are not required to remain online until you choose to spend.
Multiple cold wallets can delegate PIV to one hot wallet, reducing the energy footprint needed to stake several small wallet balances.
Hot wallets control which delegated balances are staked, but only the owner of the actual PIV retains the ability to spend the delegated coins.
Estimate your rewards and see how simple it is to receive staking rewards with PIVX.
NOTE: There is no way to know how many nodes are running on the network, and how much PIV is being staked at any given time, so these calculations are educated estimates.
PET4L, originally created to be PIVX's Emergency Tool for Ledger, is the PIVX Core Developer supported interface to hardware wallets (Ledger and Trezor).
PET4L gives you the control you need to access your coins when the hardware wallet vendor's software does not. This includes spending your delegated coins when the time arises.
If you do not have the resources to maintain a hot wallet to service your cold staking, there are a number of third-party services and volunteers willing to provide you a wallet to delegate staking to. You will find some of those service providers below.
Allnodes is a non-custodial platform for all of your Hosting and Staking needs.
Pecunia Platform allows you to create cold wallet masternodes, without having to deal with servers, terminals or Linux.
Support Team, Business Development
Guapic#2716
DISCLAIMER: Please be advised that the third-party services listed do not constitute an endorsement by PIVX and are provided for informational purposes only. Please exercise caution when using any third-party services as it is outside of our control.
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Hot staking is a staking method that requires the wallet containing your coins to be online 24/7 in order to receive rewards. Cold Staking allows you to delegate your PIVX to a staking node to stake on your behalf without sending them your PIV. This allows you to securely stake without the need for the wallet storing your PIV to be kept online.
Delegating allows for your selected cold staker address to stake on your behalf without having an access to your funds. After delegating you can safely leave your wallet offline and still receive PIV even from a hardware wallet.
Cold staking does not require time and attention to monitor the status of your wallet and staking. Also, you do not consume any additional electricity, since your wallet does not have to be turned on. However, if you don’t run cold staking node on your own but use 3rd party services it is worth noting that there is a dependency on those parties that provide you cold staking, and in some cases the variables include security, service fees, and hot wallet node uptime. Remember, if a 3rd party hot wallet goes offline, you will no longer be participating in staking.
You can learn more in the PIVX Knowledgebase or post your questions in the PIVX Forum or Discord.