Are you staking or mining, or both? - page 5.

staking

copper member

Activity: 54

Merit: 11

Quote from: pawanjain on September 06, 2019, 10:24:36 AM

Mining is not really worth it if you don't have the specific set of hardware which requires good amount of investment and timely maintenance.
Hence Staking and Trading are the only choices for people like us.

Yeah. As for me, I actually stopped mining years ago.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Mining is not really worth it if you don't have the specific set of hardware which requires good amount of investment and timely maintenance.
Hence Staking and Trading are the only choices for people like us.

Quote from: dark08 on September 06, 2019, 10:05:51 AM

Quote from: staking on September 05, 2019, 09:04:43 AM

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'm currently staking at Binance platform by simply holding the right altcoin and wait for 1month expecting to distribute the reward at the 5th of the month, last last year I'm starting to mining bitcoin and potential altcoin but this I stop to mined altcoin because of expenses and no guaranty you will get a good amount at altcoin.

Same here mate. I have been staking on the binance platform too. Which coin are you staking ?

landoffaucets

hero member

Activity: 1204

Merit: 502

Staking worths it when you hold an altcoin that you believe that will survive the competetive fight in the future.
But buying a new coins that claims to be the most profitable staking coin is a very risky move.

dark08

full member

Activity: 798

Merit: 104

Quote from: staking on September 05, 2019, 09:04:43 AM

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'm currently staking at Binance platform by simply holding the right altcoin and wait for 1month expecting to distribute the reward at the 5th of the month, last last year I'm starting to mining bitcoin and potential altcoin but this I stop to mined altcoin because of expenses and no guaranty you will get a good amount at altcoin.

timmmers

sr. member

Activity: 1176

Merit: 265

There is currently one coin that can be staked and mined at the same time.
QuarkChain plans to be very efficient PoW blockchain, but they understand that as relatively new coin with low hash power, the network could be abused by double spending attack. So they decided to launch hybrid PoSW consensus for a while until they have enough hash power. Smart solution, dont you think?

Jorge158

member

Activity: 434

Merit: 10

As highlighted by OP, proof of stakes is gaining more popularity now. Most of the upcoming projects prefer the staking mechanisms which allows the team to share with investors the revenue made by the projects. This strategy has attracted lots of investors to projects that adopt this mechanisms because it is good to earn extra as one holds.

jagaban

copper member

Activity: 322

Merit: 8

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

Leonardo7

member

Activity: 686

Merit: 15

I do Proof-Of-Stalking and major in trading. POS favors the whale more. In the end, if the price of the coin is not performing well, the person with a smaller amount will appear to be wasting their time. Trading still pays more when one looks at how much altcoins have suffered in the market.

ivaf

full member

Activity: 980

Merit: 109

I used to have both staking and mining. Now I left only staking. Mining has become economically unprofitable for me - too high costs with low profitability. So now only PoS.

aggress0r

full member

Activity: 1050

Merit: 101

I'm into Proof-of-Stake currently with 2 projects where the first requires just voting for delegates once of couple days or once a week and the second is staking with the running wallet.

Dewi Aries

legendary

Activity: 2716

Merit: 1092

Leading Crypto Sports Betting & Casino Platform

Quote from: staking on September 05, 2019, 09:04:43 AM

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 have some bad experience with POS coin, maybe if people know MMXIV or maybe 10k coin which can get high reward from staking, actually i trade it and lose. When try to stake, price suddenly dumped very hard until the coin die. Maybe what i learn is always know when to out and take profit or maybe at least get your capital back. If keep hold, POS coin without any progress from it's dev, it will be very bad idea.

staking

copper member

Activity: 54

Merit: 11

Quote from: wattcrypto on September 05, 2019, 04:52:25 PM

I am staking. A few different coins actually ATOM, Nuls, Algorand and a few others. I really like using this website: https://stakingrewards.com/

Great site indeed, did you check out their new beta version on https://beta.stakingrewards.com? It comes with a new reward calculator, too.

No One

jr. member

Activity: 417

Merit: 1

Unfortunately, I have not involved in both staking or mining. I have bad experience with mining. I once mined electroneum on my Android mobile, and got some 300 electronium tokens. But when my mobile got formatted, I lost all of my coins. After that I did not mine any coins.

Samayuki

member

Activity: 574

Merit: 24

Quote from: staking on September 05, 2019, 09:04:43 AM

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?

No doubt POS will be the next big thing for altcoins in the near future but Prove of work will still be around for so long,the truth is POW is the fastest way to distribute supply,the more miners are mining the coin the lower the max supply gets,they are both good and worth giving a try before deciding on which one to stick with

Samboo

member

Activity: 434

Merit: 10

www.thegeomadao.com

I am mining Pi on my Android mobile. This is my first experience about mining. So I am not so much into mining coins. Talking about staking coins, I have been staking Miracle Tele on my laptop. Staking rate is 2 Euro per 100 Tele tokens. So from my experience of mining and staking, I do not like both. I just like participating in bounty campaigns.

etherclassic

full member

Activity: 317

Merit: 141

Quote from: staking on September 05, 2019, 09:04:43 AM

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 am holding the token of company, they are giving the deviden based on the profit of their businesses related with cryptocurrencies, so i can claim my dividen in cryptocurrencies in daily, weekly or monthly. It is very simple for me because there is the real businesses related with cryptocurrencies behind the token which i am holding so i don't worry about the scam token because they have real of costumers around the world especially related with cryptocurrencies.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

I was doing mining and for me, it's worth comparing with staking consider the only big players who can earn a lot of interest from the network with a big portion of the coins.
In mining, you can try to mine new promising coins that will bring your decent money and i can try to put the rigs as a guarantee in mining caused by you can sell your rig when you are thinking mining is nor profitable anymore.
When you are doing staking and the price goes lower and then you will be losing your money instantly and your interest from the network doesn't give a guarantee.

nightflightcourt

jr. member

Activity: 322

Merit: 2

I earn rewards from trustlessly-run Stakenet MNs. I stake some of those rewards on their cloud hosting service to pay for the MN-hosting fees.

maxreish

sr. member

Activity: 1330

Merit: 326

Quote from: Buntel168 on September 05, 2019, 10:01:32 AM

I did not do both, i am prefer to trading and i do it everyday. Mining need a big cost and i am not familiar with staking.

With what my friend's bad experience in mining, I was able realized that mining isn't really a profitable field. With high cost electricity, cost of mining rigs, other expenses it is still best to do some serious trades. Not also staking neither mining. I do prefer focusing in margin trading in bitmex, do studying forex trading before jumping into that field and a daily altcoin trader.

delarossa

member

Activity: 392

Merit: 12

MINTER

I prefer staking methode because it will not cost a much money but the income is little than mining. I think mining is great for the person that have money.

Topic: Are you staking or mining, or both? - page 5. (Read 714 times)