My experience mirrors the other forum members, power usage s very low especially if you use laptops for your staking. Two extra laptops running 24/7 have led to a $5 increase in my monthly electricity bill. But the amount of the increase is so low it could well be noise from my use of a fan. In the long run I am of the view that Proof of Stake will likely dominate Proof of Work due to the lower electricity and capital requirements. You don't need to invest in expensive mining gear that depreciates heavily after a year of usage. With PoS minting you can use refurbished low end laptops and not worry much about your depreciation expenses.
My observation is in general you will get higher staking returns with micro cap coins below $2M in market cap than you will with larger cap coins (Radium, Ark, Waves, etc) for identical amounts of capital $200 to $500 invested.
Topic: Does Staking Coin Consume Much Electricity (Read 360 times)
Rather than staking alone, there should be more trusted staking service that would not only decrease the electricity and bandwidth consumption, but also would be much secure.
Staking your amount will not consume a lot of the bandwith and as far as i know that cost the same electricity with your daily usage and there is no problem to staking your amount. Rather than staking alone, there should be more trusted staking service that would not only decrease the electricity and bandwidth consumption, but also would be much secure.
its much convenient to stake coins inside your own computer you wont worry that much unlike if you will use a staking service which can be hacked or can went offline, staking is not adding any electric charge to your bill its just a normal uses of your device better than building a rig i guess.
Rather than staking alone, there should be more trusted staking service that would not only decrease the electricity and bandwidth consumption, but also would be much secure.
They will be taking a bit of your CPU but the overall electricity consumption rise may be negligible.
Running some Staking wallet won't consume as much as playing an online game.
Running some Staking wallet won't consume as much as playing an online game.
Say you have a PC on 24/7 anyways and you decide to use it to stake about 10 coins. Can I expect my electricity bill to be any higher than had I not been staking?
I don't think so. Well, your electricity bill will of course rise because you need to turn your computer and internet on for 24/7, but only a little. Staking is not that complicated. But if you are planning to be opening several computer units for larger stakes, then the bigger your electric consumption would be.
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Just build a PC with a possible efficient hardware in the market and you'll be fine. Even though, AFAIK a computer that's idle will consume a little electric power, the processor, RAM, and many components are adjusting its clock speed to its most minimum to not wasting electricity consumption. So basically, staking is consuming electricity, but not that much, just a little. It's really different with mining though, mining often make your rigs' speed clock to its peak.
No, staking does not consume more electricity. It consume the same electricity just like you are using your computer normally. This is the advantage of it, earning a few coins at the same time you are doing something on your computer.
This is the beauty of staking coins, you just open your pc all the time, run your wallet stay online and just sitting there and you earn. It takes a very little amount of electricity it is just like consuming a normal pc, unlike for mining coins which is hardware, power and capital intensive operations. Staking could be the future of cryptocurrency, mining is for the elite.
I agree but the only part that I hate on staking is you need a huge amount so your tokens will start staking. Small amounts will take about a week or months to stake and I'm only able to open my pc for almost 6 hours a day.
This is the beauty of staking coins, you just open your pc all the time, run your wallet stay online and just sitting there and you earn. It takes a very little amount of electricity it is just like consuming a normal pc, unlike for mining coins which is hardware, power and capital intensive operations. Staking could be the future of cryptocurrency, mining is for the elite.
There are some pretty cheap virtual private servers for like 5$/month on many sites. Just google it. It could be even cheaper than running your own machine.
Say you have a PC on 24/7 anyways and you decide to use it to stake about 10 coins. Can I expect my electricity bill to be any higher than had I not been staking?
I don't think it will consume electricity. Your coins is just sitting there, right? So why would it will consumed electricity? If even it will, I think it will just manageable and not noticeable because you just need to keep your wallet on. So the question should also be, it is profitable then? I can't really answer and maybe some of have more experienced can chime something in the discussion.
I'm pretty sure your computer just has to be on and running for the wallet to stake - so if you normally leave your computer on, you're good! Otherwise, yes, your power bills will go up as far as what your computer draws on idle. Staking wallets don't use CPU to the point that it matters so it's really just minimizing your computer to do as little as possible but keep staking.
Say you have a PC on 24/7 anyways and you decide to use it to stake about 10 coins. Can I expect my electricity bill to be any higher than had I not been staking?
It depends on if your computer is normally always on or not. If you are leaving your computer on just to stake all day when it normally would be off, then yes, your electricity bill will obviously be higher. Your rig won't draw much power if it is idle with a wallet open however -- a typical rig runs around 75-150 watts when (almost) idle.
If your question is, "will my computer draw more power with a wallet open while staking than it normally does without the wallet open?" -- the answer is no. At least not significantly enough to notice.
Say you have a PC on 24/7 anyways and you decide to use it to stake about 10 coins. Can I expect my electricity bill to be any higher than had I not been staking?
Staking doesn't require that much electricity. Now unless you are trying to stake coins on a Super Computer then you would have to spend more than the normal person.
I think is not, for staking you just need your wallet keep on. You can use raspberry pi
Say you have a PC on 24/7 anyways and you decide to use it to stake about 10 coins. Can I expect my electricity bill to be any higher than had I not been staking?
Just send your token to the wallet that support to stake your amount, just like neo, that was not comsuming a lot of the electricity. because that was different with the mining of the altcoin or bitcoin itself. Neo stakes without the wallet even running, most coins need the PC to be on and connected all the time. You can also run masternode coins without much power, it's almost the same as staking but with better rewards depending on the coin.
I'm running a Xen VPS host on my old work PC and that's doing very well compared to running any mining gear, barely any running costs.
Say you have a PC on 24/7 anyways and you decide to use it to stake about 10 coins. Can I expect my electricity bill to be any higher than had I not been staking?
Just send your token to the wallet that support to stake your amount, just like neo, that was not comsuming a lot of the electricity. because that was different with the mining of the altcoin or bitcoin itself. Say you have a PC on 24/7 anyways and you decide to use it to stake about 10 coins. Can I expect my electricity bill to be any higher than had I not been staking?
No, the wallets are just sitting there idling mostly. Unless one of the wallets was badly written and chews up 80% CPU all the time (like the old SYNX wallet), the cost of running the PC would be the same as just having it sitting there doing nothing.
Say you have a PC on 24/7 anyways and you decide to use it to stake about 10 coins. Can I expect my electricity bill to be any higher than had I not been staking?
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