Topic: Are you staking or mining, or both? - page 3. (Read 714 times)
Staking mostly because I can't afford mining.
I am trying to mine coins, because it is slowly recovering. Back in 2018, mining was unprofitable and brought only disappointment. Staking is a great thing, but I cannot imagine people that are happy with 1-3 percent per year.
1-3 percent per year in cryptocurrency is very small, but it ok for some people because they prefer to increase their amount of cryptocurrencies in their portfolio and not risk it...
I used to do cold staking, before I switched to masternodes.
Really worth looking into cold staking projects, as it saves you a ton of electricity. Stakenet (XSN) developed the first cold staking tech on the market (And the best one I know actually, and it's been working ever since.
I switched to masternodes, because they're soon getting 3-4 more passive revenue streams from dApps, cold staking contracts, privacy transactions, lightning transaction fees, and more.
Mined some doge back in the days, but was never too profitable doing so, and my computer heated up like crazy, mining is definitely not for everyone
Really worth looking into cold staking projects, as it saves you a ton of electricity. Stakenet (XSN) developed the first cold staking tech on the market (And the best one I know actually, and it's been working ever since.
I switched to masternodes, because they're soon getting 3-4 more passive revenue streams from dApps, cold staking contracts, privacy transactions, lightning transaction fees, and more.
Mined some doge back in the days, but was never too profitable doing so, and my computer heated up like crazy, mining is definitely not for everyone
I am trying to mine coins, because it is slowly recovering. Back in 2018, mining was unprofitable and brought only disappointment. Staking is a great thing, but I cannot imagine people that are happy with 1-3 percent per year.
I see the benefit in staking. For staking, we don't need to do anything apart from keeping the coins or tokens in project's ecosystem.
For mining, it needs more resources so kind of additional investment.
However I am not sure which gives more stable returns.
There is something many people excluded from Prove of Work advantages, sometimes if you start mining new project you will have many more coins in a short period of time and if you have luck the project will list on good exchange and you will be able to make big profit in short time,this is not available on POS eitherFor mining, it needs more resources so kind of additional investment.
However I am not sure which gives more stable returns.
I see the benefit in staking. For staking, we don't need to do anything apart from keeping the coins or tokens in project's ecosystem.
For mining, it needs more resources so kind of additional investment.
However I am not sure which gives more stable returns.
There is something many people excluded from Prove of Work advantages, sometimes if you start mining new project you will have many more coins in a short period of time and if you have luck the project will list on good exchange and you will be able to make big profit in short time,this is not available on POS eitherFor mining, it needs more resources so kind of additional investment.
However I am not sure which gives more stable returns.
I see the benefit in staking. For staking, we don't need to do anything apart from keeping the coins or tokens in project's ecosystem.
For mining, it needs more resources so kind of additional investment.
However I am not sure which gives more stable returns.
There is something many people excluded from Prove of Work advantages, sometimes if you start mining new project you will have many more coins in a short period of time and if you have luck the project will list on good exchange and you will be able to make big profit in short time,this is not available on POS either For mining, it needs more resources so kind of additional investment.
However I am not sure which gives more stable returns.
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.
I see the benefit in staking. For staking, we don't need to do anything apart from keeping the coins or tokens in project's ecosystem.
For mining, it needs more resources so kind of additional investment.
However I am not sure which gives more stable returns.
For mining, it needs more resources so kind of additional investment.
However I am not sure which gives more stable returns.
I would have preferred to mine or do both but mining is more involving and entails a lot so I rather stake with the little that i have on me considering the high capital that an individual needs to input in other to yield higher retuns as far as mining is involved
Mining can be both profitable or not - it depends on the country where you do it. As a result of the study, it turned out that the most expensive mining is in South Korea. Here, one Bitcoin mining will cost you $ 26,000. However, the cheapest mining in Venezuela, where you can get BTC for only $ 531. It is also worth noting that according to the results of the study, in most of the analyzed countries, mining Bitcoin turned out to be inexpedient due to high electricity prices.
staking is better than mining, its cheaper
but, if you want to learn about trading, i think its better than both buddy
but, if you want to learn about trading, i think its better than both buddy
I dont think i can gain the profit anymore by mining coins in cryptocurrency.
The price of most coins are stay on the bottom right now, so i decided to staking some coins.
Some coins have masternode reward, which the reward is bigger than staking.
The price of most coins are stay on the bottom right now, so i decided to staking some coins.
Some coins have masternode reward, which the reward is bigger than staking.
Staking is really taking the centre stage these days. It has brought more profit than ant other thing these days. i will stick to staking for sometime to come.
now I prefer to take bets and also invest in the long run. cost limitations and mining equipment that makes me unable to do that anymore, especially considering the market is bearish, the results are sufficient for the cost of returning electricity, in contrast to betting I always get profit every day from there.
Be careful if you take bets because the situations will not always give you benefits. Investing will be a good idea for you as you can expecting to make a big profit in the future. That will be your choice if you want to invest in bitcoin and hold it until the price can increase. Mining will not be a good way to earn money if you don't have good hardware and your electricity fee is too high to pay. But staking can be a good way to make a nice profit yearly, but you need to choose the right coin to stake.
Right now, as a matter of fact I do none, but if I had the resources to go ahead with any of the two, I would go ahead with POS and stake to earn from the blockchain, miming bitcoin seems to be too much stress
now I prefer to take bets and also invest in the long run. cost limitations and mining equipment that makes me unable to do that anymore, especially considering the market is bearish, the results are sufficient for the cost of returning electricity, in contrast to betting I always get profit every day from there.
i heard about staking but i didnt experience what it feels like . i also heard about mining and i did experience doing it but only on my phone before but i never tried it on my lappy because i dont want to risk it for a few amount of coins because mining is not that good enough if use on regular gadgets but mining works the best if you will use a real miner hardware. thats what mining experts said to me once .
I would have preferred to mine or do both but mining is more involving and entails a lot so I rather stake with the little that i have on me considering the high capital that an individual needs to input in other to yield higher retuns as far as mining is involved
I paused mining because of rising electricity costs and poor prices on exchanges. I would have considered staking but I am afraid of the ROI at the end especially now that price of coins are dipping badly. Trading is the best
Now there is a strict extrusion from the mining of all those who did not bother in time with such issues as updating equipment, finding cheap electricity and creating a financial airbag. Private miners are being destroyed, just as the market deals with hamster investors who give in to panic sales in attempts to return at least part of the money invested. This business will not bring much for the usual miner.
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