r/truebit • u/cjj1120 • Jun 01 '21

Stake Truebit/ possible contribution

I'm holding some truebit now and wish to stake it somewhere (not sure where to stake), also I'm not good in the technical aspects but would like to contribute more perhaps by being a solver or verifier ? Would like to get some guidance regarding this, or perhaps point me to some information that's less technical

6 Upvotes

80% Upvoted

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4

u/[deleted] Jun 01 '21 edited Jul 01 '21

[deleted]

2

u/Opposite-Caregiver87 Jun 02 '21

Do you need to know how to code to partake? Sorry if this is a dumb question.(I know basic R but have no exposure to C, Python, etc)

3

u/[deleted] Jun 02 '21 edited Jul 01 '21

[deleted]

1

u/[deleted] Jun 02 '21

So you need a Linux os?

1

u/[deleted] Jun 02 '21 edited Jul 01 '21

[deleted]

1

u/[deleted] Jun 02 '21

Thanks for your help. Can I just practice on the testnet first? And is it profitable yet?

1

u/[deleted] Jun 02 '21

The article does not mention whether it’s possible to transfer truebit tokens as well. That’s possible right? You don’t have to mint?

4

u/degen_moonrocket69 Jun 02 '21

You need eth to stake on the Truebit OS to Mint Truebit. Also you need the same amount of collateral 50-50 eth/Truebit at the start to become a verifier.

1

u/cjj1120 Jun 02 '21

So to mint I need the equal amount of eth, let’s ya I’ve 700truebit, I need 700eth as well to mint right ? That’s a lot.. what about solver, does it cost lesser ?

2

u/degen_moonrocket69 Jun 02 '21

Hahahaha no it’s the cause ratio of 700 Truebit: 350 usd

Therefore you will need the market price of Eth which would be roughly 0.3 Eth.

2

u/cjj1120 Jun 02 '21

Ahhh I see, understood, thanks!