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Topic: Best coin staking services (Read 202 times)

hero member
Activity: 2128
Merit: 524
September 22, 2019, 02:34:47 PM
#11
The only possible issue with those services is the possibility that they steal your coins from you.

If you want to stake/gain extra tokens with staking, I think looking for dPoS related coins that only require you to delegate is better. Some of those altcoins include CHX (WeOwn), LTO Network, etc. The bad news is, you don't have a lot of options if you go down this route, as most coins still use PoS and require you to deposit it to a single address.

This was true also with cloud mining but as regulations become more common you get more services that operate under licenses. Some of the sites listed in my first post have financial licenses and are bound to operate under AML rules. They can still run away with your coins but will be easy to track down.

It's not the amount of risk you were taking with cloud mining but more of an exchange level risk.
legendary
Activity: 1288
Merit: 1011
September 22, 2019, 02:18:25 AM
#10
I'll never trust these services, I prefer staking on my own(If i have to), They might run away with coins who knows! There's also coins with delegation system like Tezos,ICON,Komodo etc.. It's better to buy those if you want interest bearing coins.
legendary
Activity: 3668
Merit: 6382
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September 21, 2019, 01:59:39 AM
#9
My experience with staking coins is .. bad. All the coins I've ever had staking have fallen dramatically in value. And not only in 2018-2019.
Right now I still have some Waves staking (DPoS); they've fallen some 4 times (in USD). And that's from the moment I'm staking, not from the ATH.
hero member
Activity: 1596
Merit: 502
September 21, 2019, 12:53:37 AM
#8
I am trying to use stakecube for staking BeanCash, RDD, PivX, and their token SCC. So far, I can get some rewards, but I don't think too much about them because I don't invest in huge money. If I am not wrong, I online use 10k of Bean, 10k of RDD, 50 PivX and 5k SCC and I let it work by itself. I don't log in to my account many times, but I think they are good if you want to give a try. Besides that coins I mention, LPC, APR, PHON, PRJ and I rent some servers form them to staking the coins.

Maybe the reward will be different as I don't stake too big but it still working well until now, and if there is nothing bad happens, I think I will make some more rewards at the end of this year.
sr. member
Activity: 910
Merit: 351
September 20, 2019, 11:55:14 PM
#7
The only possible issue with those services is the possibility that they steal your coins from you.

If you want to stake/gain extra tokens with staking, I think looking for dPoS related coins that only require you to delegate is better. Some of those altcoins include CHX (WeOwn), LTO Network, etc. The bad news is, you don't have a lot of options if you go down this route, as most coins still use PoS and require you to deposit it to a single address.
legendary
Activity: 3248
Merit: 3098
September 20, 2019, 01:37:05 PM
#6
I follow and play several coins, running masternode, stake ... believe me, not worth the effort.
"150% or more yearly return" is not real and you can not never you achieve this rate. Usually, new coins start with 1000% or better annually ROI, but after a few weeks coin going to zero or few satoshi's price. You will maybe earn 150% this new coin, but all your collateral and profit, it will be worth less than 10% of your investment in BTC. There is only a few coins where you can expect some profit, but around of 6% annually. Check Dash, Horizen, Pivx.
I hope you do not believe in profit from cloud mining, it is a proven scam method. Seems Masternode business also going to a method for deceiving people.

My advice if you go to Matsternode world. Sell all the profit immediately. Once per week, or every 10 days sell all coins earned from staking or MN rewards. so you will alleviate the obvious loss.
hero member
Activity: 2128
Merit: 524
September 19, 2019, 07:31:24 PM
#5
Horrible experience and i dont see for this to be an another alternative for mining.Better to buy Bitcoin and wait up for sometime
and earn some decent percentage with your investment and its more pretty worthy and somewhat secure in terms for longterm.
Tried up DASH staking but as expected if you dont put up big money you wont really able to feel those staking amounts.

Maybe not an alternative to mining but it sure looks like an alternative to cloud mining. And a better one. Cloud mining services are offering you 250 days to ROI and at the same time staking sites estimate even 150% or more yearly return on some coins.

The risk is in the coins themselves that can be worth much less next year and the less risky ones have much lower returns. Dash is among those with minimum risk but lower returns.

Definitely the best option is to trade or at least buy and hold for 1 year. If you look at these "coin staking services" projects you will see that big investors don't get into it, and when big investors don't invest in something, that means that thing is not so good. 5% or up to 10% annually and yet to entrust your coins to unknowns people is not a good deal

Big investors who have a lot of money don't have to risk it to make more money. They don't buy small risky altcoins and they don't stake them but it doesn't mean it's not profitable. I'm more interested in the third party staking services and their profitability than debating if staking itself is better than buying and holding or trading.

Some coins don't have volume to be good for trading. Some are too volatile to be good for long holding but they can be good for staking for a few months and selling for a profit.
copper member
Activity: 2828
Merit: 4065
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September 18, 2019, 05:32:26 PM
#4
Have you tried any sites that offer these services? What's your experience? I'm currently in the process of testing them out.
Horrible experience and i dont see for this to be an another alternative for mining.Better to buy Bitcoin and wait up for sometime
and earn some decent percentage with your investment and its more pretty worthy and somewhat secure in terms for longterm.
Tried up DASH staking but as expected if you dont put up big money you wont really able to feel those staking amounts.

This is the problem with Dash, but there are other altcoins that people can stake without a huge bag of coins. If I take Horizen to compare, you need to have about $180 for a node. It's described as an alternative because people don't need all the hardware, electricity, maintenance, and so.

You say better to buy bitcoins and wait for some time. Ok but you can also say buy some altcoins wait for some time. The result is the same, but while stacking it generated a few coins as an interest. People just see that.
legendary
Activity: 2968
Merit: 1095
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September 18, 2019, 05:28:14 PM
#3
Definitely the best option is to trade or at least buy and hold for 1 year. If you look at these "coin staking services" projects you will see that big investors don't get into it, and when big investors don't invest in something, that means that thing is not so good. 5% or up to 10% annually and yet to entrust your coins to unknowns people is not a good deal
legendary
Activity: 3080
Merit: 1131
September 18, 2019, 03:26:43 PM
#2
Have you tried any sites that offer these services? What's your experience? I'm currently in the process of testing them out.
Horrible experience and i dont see for this to be an another alternative for mining.Better to buy Bitcoin and wait up for sometime
and earn some decent percentage with your investment and its more pretty worthy and somewhat secure in terms for longterm.
Tried up DASH staking but as expected if you dont put up big money you wont really able to feel those staking amounts.
hero member
Activity: 2128
Merit: 524
September 18, 2019, 03:23:08 PM
#1
What is your opinion about masternode services for staking? It seems to be the new big deal after cloud mining.

Have you tried any sites that offer these services? What's your experience? I'm currently in the process of testing them out.


Some examples:
http://staked.us
www.mycointainer.com
www.allnodes.com
http://stakecube.net
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