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Topic: How good is staking coins? - page 7. (Read 1465 times)

copper member
Activity: 62
Merit: 0
March 29, 2022, 12:20:09 PM
#86

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Staking is a good way to earn passive income. But the most important thing is to find the best project for staking.
Now investors have a big choice of projects for staking to earn more profit.

Staking allow to increase profit from crypto investments. Now many projects use staking to attract more investors and allow them to earn money from investment.
jr. member
Activity: 123
Merit: 1
March 28, 2022, 03:04:10 PM
#85

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Staking is a good way to earn passive income. But the most important thing is to find the best project for staking.
Now investors have a big choice of projects for staking to earn more profit.

Staking allows to earn passive income. Now cryptocurrency market rise and many people pays attention to new projects with staking to earn more profit on staking.
legendary
Activity: 2982
Merit: 1028
March 28, 2022, 12:57:31 AM
#84
Staking only makes sense if you have enough money invested on a token or coin this is the only way you can get good passive income, if I have to choose between mining and staking my answer will be mining because you can build a rig with 500$ or let's say 1 GPU rig but you can't use that money on staking because the reward will turn you off.
maybe you to know staking in cosmos ecosystem.ATOM ,JUNO , SCRT staking give you alot benefit, only by staking we will got double reward. 1st from APR , second we will get stakedrop from new project that launched in those ecosystem. this ecosystme coins price now could decoupling bitcon price and staker satisfied with the return. if you spend fund for mining , there are several cost that we must paid routinely such as eclectriciy bill, maintainance cost etc.

Indeed, if you pick the right asset to stake, you can generate AirDrop from that said project.

It's also satisfying each time new project offers AirDrop and allows holders to take advantage of some portions of free coins
that they'll going to send out.

Who knows, the value of those new coins pump up? free money, right? It's a matter of good choice and right observation
in what particular coin to stake your investment.
jr. member
Activity: 201
Merit: 1
March 27, 2022, 02:07:15 PM
#83

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Cryptocurrency offers many opportunities to earn money and one of such opportunities is staking.
Now staking very popular and many projects offers different kind of staking and passive income.

Staking is a good way to earn passive income. But the most important thing is to find the best project for staking.
Now investors have a big choice of projects for staking to earn more profit.
newbie
Activity: 34
Merit: 0
March 27, 2022, 03:58:00 AM
#82
If a cryptocurrency you own allows staking — current options include Tezos, Cosmos, and now Ethereum (via the new ETH2 upgrade) — you can “stake” some of your holdings and earn a percentage-rate reward over time. This usually happens via a “staking pool” which you can think of as being similar to an interest-bearing savings account.

The reason your crypto earns rewards while staked is because the blockchain puts it to work. Cryptocurrencies that allow staking use a “consensus mechanism” called Proof of Stake, which is the way they ensure that all transactions are verified and secured without a bank or payment processor in the middle. Your crypto, if you choose to stake it, becomes part of that process.
hero member
Activity: 1666
Merit: 753
March 26, 2022, 06:08:35 PM
#81
I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be...... Wink

Doge is not a staking coin?

He's probably either lending it out on some platform or doing some LPing on some pool. These are not the same as staking.

In general, staking is a great way to make passive income. Virtually no risk, you get paid in the native token, etc. No point not doing it if you hold a PoS coin anyway.
full member
Activity: 1428
Merit: 120
Sugars.zone | DatingFi - Earn for Posting
March 26, 2022, 02:28:38 PM
#80
I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be...... Wink
Staking is an advanced Hold option for the crypto space given the recent defi boom.  Exploiting staking rewards also leads to passive income, but also means risk.  The rewards for staking are varied and vary across platforms for both Cex or Dex staking.  The majority of staking applies more widely on launchpad ecosystems to profit when buying ido tokens.  The profitability of staking is large or small depending on the number of stakes and time.  I am also staking on defi platform
legendary
Activity: 2982
Merit: 1028
March 26, 2022, 12:30:18 PM
#79
I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be...... Wink

Those who seek coins from mining will be more profitable if the price of coins increases. Like those who did mining before 2020, and they sell in 2021. They will get double profits from mining results. But if the price of the coin drops, then the miners will not produce anything, they have to pay higher costs for electricity and mining equipment. Income and expenses do not match.

Good point and that's the risk of mining and then staking those coins in any exchange wallet,

Once the value of your mine coin dump it will affect your operation, it's true that you will need to pay extra instead of getting
some decent amount of profits. It's always best to sort those project first before picking your asset.

It may give you passive profits if you find the right coin that will continue the progress and keeps gaining support from the
market.
member
Activity: 423
Merit: 11
March 26, 2022, 12:22:00 PM
#78
I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be...... Wink

Those who seek coins from mining will be more profitable if the price of coins increases. Like those who did mining before 2020, and they sell in 2021. They will get double profits from mining results. But if the price of the coin drops, then the miners will not produce anything, they have to pay higher costs for electricity and mining equipment. Income and expenses do not match.
hero member
Activity: 1778
Merit: 520
March 26, 2022, 08:02:32 AM
#77
It is good for people who are holding their coins for too long since they would be able to generate more of that coin rather than just letting it stay in the wallet but there are different types of staking and you should consider also where are you going to stake if it is safe or not, what coin your are going to stake and lastly they APY or the return to you.
sr. member
Activity: 1204
Merit: 270
Hire Bitcointalk Camp. Manager @ r7promotions.com
March 26, 2022, 07:51:18 AM
#76
If you can wait and have technical knowledge about trading, then crypto stacking is worth it if you lack skills don't risk your money. It depends on the cryptocurrency you want to participate in you do not want to be frustrated if you cannot get the right pitch so invest in a good capo.
newbie
Activity: 156
Merit: 0
March 26, 2022, 07:10:07 AM
#75

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

Cryptocurrency staking now is popular because it allows to earn passive income.
But for staking it is very important to choose the right coin which have a potential for the future development.

Cryptocurrency offers many opportunities to earn money and one of such opportunities is staking.
Now staking very popular and many projects offers different kind of staking and passive income.
hero member
Activity: 1722
Merit: 895
March 26, 2022, 12:29:01 AM
#74
I don't really understand the problem of mining from free sites, but in 2017 I've done it several times, the results are in the good category and not a scam, after that I never do it again, because my focus has been on the bounty, indeed there are some friends who say that mining on some sites is usually a scam, but because at that time I wanted to try it I continued to do it, and today I have not heard of the mining anymore
Mining from a website are called cloud mining and they actually work when the time cryptos are not yet popular because the difficulty of mining a coin that time is not hard as today but today almost all cloud mining sites now are fake. You switch on the bounties for that same reason right? but even in bounties the scams are also rampant and of course we should not forget that airdrops suffered the same fate.

It's so sad that the great times for earning a free cryptos have come to an end. If you want to earn a crypto right now, you can either buy it, stake it, or mine it the traditional way or by using a miner but that's not going to be easy now.
I have seen almost no more mining sites for now, even if there are only untrusted sites, the changing times no longer provide a place for free to do mining, now the pattern has changed by way of purchases, so it's no wonder for now sites -the site is no longer visible, so the previous perspective can no longer be run for now, because of that the shift in mining methods has also been included in the category of using technology
sr. member
Activity: 994
Merit: 441
March 25, 2022, 06:58:00 PM
#73
The price of all the coins that are stacked goes down a lot at once. I have seen a lot like this, after holding it, I saw that the price of that coin dropped completely.But one of the best stacking coins I've seen is the Safuu Network.Holding these coins in the wallet gives stacking for 15 consecutive minutes.It is giving the highest APY 380945%. The best stacking coins given to me with a maximum APY.
sr. member
Activity: 1246
Merit: 262
March 25, 2022, 06:28:06 PM
#72
I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be...... Wink
From the experience I've had at Biswap, the passive income I get is very good, I won't give you an idea or profit percentage, because a percentage like APY will not make the price of the coin you get make you profit, the price of the coin will definitely go down because a lot people who get coins from staking and they sell them.
Recently I sae the SAFUU platform give more than 300k% APY, but I believe the price of the coins produced will decrease as the number of coins sold after staking increases
First time launching to public BSW or Biswap coin giving almost 300% APR but later price drop drastically from $2 and now drop under 0.7$ after have pumping price by listing on Binance. I see this high return and risk with staking on coin give higher APR above hundred percent, we have not long term keep staking and good thing if any coin without give penalty when unlock staking coin, available selling when we want and not really care about
how long keep staking but keep safety for carry out when price suddenly drop.
sr. member
Activity: 1106
Merit: 391
March 25, 2022, 02:04:49 PM
#71
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From the experience I've had at Biswap, the passive income I get is very good, I won't give you an idea or profit percentage, because a percentage like APY will not make the price of the coin you get make you profit, the price of the coin will definitely go down because a lot people who get coins from staking and they sell them.
Recently I sae the SAFUU platform give more than 300k% APY, but I believe the price of the coins produced will decrease as the number of coins sold after staking increases
I also have an asset that I stake in Biswap and compared to other DEX platforms, I recommend Biswap more. Regarding SAFU, you should be careful because usually projects that offer a high APR or ROI will end up being a scam.
full member
Activity: 658
Merit: 100
March 25, 2022, 01:57:37 PM
#70
Building a rig when Major Altcoin are moving to Proof of stake model of mining, transacting and securing the network for me is a share waste of resources! Staking has become very profitable in the recent times. I have regularly stake $4000 Worth of usdt with daily return of $40! There are also many other coin with attractive Apr out there!
sr. member
Activity: 1456
Merit: 326
Eloncoin.org - Mars, here we come!
March 25, 2022, 01:48:09 PM
#69
Staking coins will give you passive income but very risky because most of the users jusing it for stacking purpose. When reward become low than most of whale sell and its cause massive down in price of coin.
sr. member
Activity: 1694
Merit: 299
March 25, 2022, 01:36:12 PM
#68
I don't really understand the problem of mining from free sites, but in 2017 I've done it several times, the results are in the good category and not a scam, after that I never do it again, because my focus has been on the bounty, indeed there are some friends who say that mining on some sites is usually a scam, but because at that time I wanted to try it I continued to do it, and today I have not heard of the mining anymore
Mining from a website are called cloud mining and they actually work when the time cryptos are not yet popular because the difficulty of mining a coin that time is not hard as today but today almost all cloud mining sites now are fake. You switch on the bounties for that same reason right? but even in bounties the scams are also rampant and of course we should not forget that airdrops suffered the same fate.

It's so sad that the great times for earning a free cryptos have come to an end. If you want to earn a crypto right now, you can either buy it, stake it, or mine it the traditional way or by using a miner but that's not going to be easy now.
sr. member
Activity: 2268
Merit: 275
March 25, 2022, 08:02:53 AM
#67
When we want to staking coins then we must be prepared for the eventuality that occurs. And I think doing research on the coins we are going to staking requires a little more digging into the coin. It is true that risking will make for more, but don't forget that it has quite a big risk too. The point is from the research we made whether the coin is worth betting on or not, because not all coins are good for that. If we are a little hesitant for it then I I suggest don't do it.
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