Now, staking of coins has become a new strategy adopted by most of the projects to attract investors because every investor has the interest to hold and earn from the holding periodically. The cost for setting up the mining machinery such as the ASICs is quite huge hence investors prefer the Proof of Staking now to the Proof of Mining. Anyway, there are some projects which allows cloud mining however, there are numerous fake ones out there.
DIVI masternode cloud mining is a very good one to use by any investor.
Topic: Are you staking or mining, or both? - page 2. (Read 714 times)
PoW (Proof of Work)
PoS (Proof of Stake)
The most popular consensus mechanisms.
Proof of Stake protocols are gaining traction.
What about you, personally?
Are you mining, are you staking, or are you doing both? And why?
I only trade. That is the only way I can get a profit in this bear market. POS and POW are both unprofitable because the price of altcoins is constantly falling every day PoS (Proof of Stake)
The most popular consensus mechanisms.
Proof of Stake protocols are gaining traction.
What about you, personally?
Are you mining, are you staking, or are you doing both? And why?
I am trading only without staking or mining my assets, I think both mining and staking have higher risk with lower earning and we found with lower price of our staking coins.
Since I was familiar with cryptocurrency (especially bitcoin), I didn't do staking or mining. I only focus on trading to increase my bitcoin and also following some ICOs/IEOs to get profit from the altcoin project
At this moment I am staking. And I am completely stop mining. There is so reasons. One of them high cost of miming. And the profit margins are very less in mining. Because the market is too long for the bearish side. I think staking is more profitable at this moment. But if you are a huge mining setup then its absolutely fine for you to hold on it.
I'm currently not doing any of the two. I'm more into investment from one project to the other. I also promote bounty to receive more rewards for the future hopefully it pays off someday.
now I use to trade, invest in ICO projects and join prizes to get better profits, because for me it's also a good way to get bitcoin.
I don’t do much of ICO projects again, because I found out that it is not helping matter in increasing in bitcoin, although some are still reliable but not as much as they use to be, the best way for me to increase my coin is actually through trading as you do, I have wanted to stake coins, but the money involved in staking the coin of my interest is more like the same amount in mining. I would have rather prefer to mine, but setting it up is even not the issue, but the cost of paying for electricity that those machines consumes is the major challenge here. Trading is still the simplest of it all, at least with as low as $100, you can continue to trade and be generating profit without much stress provided you have the knowledge about trading of the coins.
I dont do mining right now because of the price of bitcoin and other POW coins. Its not profitable given that the electricty here is very expensive. On the other hand, I prefer staking or running some masternodes over mining. Less hassle and very profitable if you pick the right coin for long term hold.
If the cryptocurrency market keep staying on the bottom, i will prefer to staking than mining.
To gain profit with mining, you will need a good price of the coin you mine so you can get the profit after minus your electricity expense.
To gain profit with mining, you will need a good price of the coin you mine so you can get the profit after minus your electricity expense.
I prefer PoS but I like Masternodes also. Pow was good some years ago and now it can be only profitable if 1. you have a huge mining power and 2. if you're electricity is not so expensive in your country so that's why PoW is more for the rich guys nowadays and this made me to switch to PoS and try to get some good masternodes.
I use stakes and trading to make a profit every month. Although the bear market greatly affects stake profits, it is a safe way for us to increase the number of coins.
I like the idea of POW more than POW but I do not have the capacity to own a mining rig to start with it. With the introduction of CPU mining again with the latest projects coming, I am able to mine with my PC and get some little coins per 24 hours. I think this is a good thing even if it is not something that will fetch me much money. When BTC started, no one believed it so I want to start with the CPU mineable coins and get to the ASIC miners.
The cost of electricity has never been friendly with me, so I do not mine rather I stake as well as trade. As for staking, I don't do it much, instead I stake when I think it's worth it as most can end up not being profitable, while in the case of trading, I do so everyday as I find is more worthwhile.
However, any day I change location I might consider giving mining a chance again, because if done appropriately comes with its own profit.
However, any day I change location I might consider giving mining a chance again, because if done appropriately comes with its own profit.
Hodium? Sounds very familiar... Can you please tell me more about what they are bringing, please? For sure interested to know more
In few words, team brings its expert-level knowledge and experience of the blockchain industry and crypto asset management for those who wish to avoid risks and concerns of investing in cryptocurrencies or those who have limited knowledge and experience of investing in general. Better google them and check out the website, pretty sure that you will be impressed with what the guys are offering
I cannot say that I am aware of many solutions that are offering great possibilities here, but as I know, there is only 1 most advanced one. Guys are called Hodium and they are definitely leading the industry
Hodium? Sounds very familiar... Can you please tell me more about what they are bringing, please? For sure interested to know more
Hmm, that's an interesting thought. To be honest, have never used such, but it seems that it is for sure the way for less experienced investors
I cannot say that I am aware of many solutions that are offering great possibilities here, but as I know, there is only 1 most advanced one. Guys are called Hodium and they are definitely leading the industry
Greetings yourdano. You know, to be honest, much here depends on knowledge etc. What I would probably say, talking about investments, the process is easier with some investment firms or so that just help you to manage your funds. But that's just my opinion
Hmm, that's an interesting thought. To be honest, have never used such, but it seems that it is for sure the way for less experienced investors
Good evening there everyone. And what is your approach towards investing? In my opinion, also a pretty great and bright opportunity, if you have enough opportunities
Greetings yourdano. You know, to be honest, much here depends on knowledge etc. What I would probably say, talking about investments, the process is easier with some investment firms or so that just help you to manage your funds. But that's just my opinion
Good evening there everyone. And what is your approach towards investing? In my opinion, also a pretty great and bright opportunity, if you have enough opportunities
In my opinion mining is the great way to earn crypto, but the electricity cost in our country is too high so I can not do mining, not profitable in my country better to do staking.
There are so many of us that has wished so many times that we could mine, but the cost is what is scaring us away, when you look at the cost of setting up and the cost of mining itself, you will see that it is an expensive thing, and that issue of electricity is another drawback.I personally don’t like staking because I see that it is just an unnecessary way of the project tying someone money down for a particular period of time which is risky because anything could happen to the coin at that time, no matter the percentage increase they would have promised, so for me, it is either I use the staking money to invest in something physically or just put the money in bitcoin which will still be the most profitable thing in the long run no matter what the staking promised.
popular wayback when it comes to staking but eventually this project dumped down to the floor.This is the primary disadvantage on investing to these kind of schemes yet you wouldn't know on when the dev or the community itself would leave out such project unless if its a exception one then it might last longer but most of the time they do fail.
Setting up your mining rigs and mine for yourself isn't really that easy and as said cost on building one wont really be a joke.
Jump to: