Several cold wallets can delegate NEBLA to a single hot wallet, helping minimize the energy usage required to stake multiple small balances.
Assign your NEBLA to a hot wallet for staking via Cold Staking while maintaining full control. Your private keys and rewards remain offline, while the hot wallet stays connected to stake on your behalf.
The hardware needed for a cold staking hot wallet is minimal—just a single-core CPU, 2 GB RAM, and 30 GB storage—making it compatible with most desktops, laptops, or even a Raspberry Pi.
Following delegation, your private keys and cold wallet don’t need to stay online—they’re only required when spending your NEBLA.
Several cold wallets can delegate NEBLA to a single hot wallet, helping minimize the energy usage required to stake multiple small balances.
While hot wallets control which delegated balances are staked, the actual NEBLA owner retains the ability to spend those coins.
Hot staking requires your wallet to stay online 24/7 to earn rewards. In contrast, Cold Staking lets you delegate your PIVX to a staking node, allowing them to stake for you without transferring your PIV. This ensures secure staking without keeping your wallet online.
Delegating enables your chosen cold staker address to stake for you without having access to your funds. After delegating, you can securely keep your wallet offline and still earn PIV, even from a hardware wallet.
Cold staking eliminates the need to constantly monitor your wallet and staking status, and you won’t consume extra electricity since your wallet stays offline. However, if you use third-party services for cold staking instead of running your own node, you’re dependent on those providers, which could involve issues such as security concerns, service fees, and uptime of the hot wallet node. Keep in mind that if the third-party hot wallet goes offline, you’ll no longer be able to stake.