Topic: How to make money from staking? - page 7. (Read 1932 times)

You can do staking when particular project has the feature of that. Like they are offering you need  to have some amount of coin in your wallet so that you can generate their coin or other coin. Like in NEO, if you have NEO in your neo wallet, you can earn GAS coins thru staking.

Im staking at StakeUnited,it is a Proof of Stake pool and has some sweet returns, depending on the coin. Right now you can stake pivx,kb3,hold,altcom. The community is pretty good too and they have a very active discord. If you thinking about it check it out:  https://stakeunited.com/Dreday

OPCoin (OPC) give 3.29% daily. That is very high income, soon it will be 4.11%.
Inflation is expected, because of high percentages, but this is still a very good income.

Quite a few of them indeed. The most common one is NEO that produces GAS for it´s network. Yo can stake WAVES, DASH and in the future, Ether.

Finding the right POS coin is easier said than done. They have been popping up left right and centre and most high ROI coins look great for the first month or so and then the price drops in seconds. High ROI coins are good to make a quick buck. Buy high volumes, stake it for a couple of weeks and get out before the big holders dump.

If you are looking for a good long term POS coin i would say go for something with a low ROI. This coin will grow steadily, it will have a decent value that will be constant and people wont have millions to dump at once. Yes, it will take longer to make your initial investment back but you will have a coin that will give you better returns at the end of the day.

Few examples of HIGH ROI coins that looked great but didn't make the cut:
XGOX Coin: Started last year, reached 500+ sats and dropped to 7 sats within 2 months. Still struggling to get over 50 sats. Why? They had super blocks of 5000%. People locked their wallets for the super blocks and staked millions at a time and dumped.

OP coin: Started out great in November 2017, got listed on CMC and about tripled in price in hours. Running High ROI of 1200% at the moment. That means if you bought 1 million coins you would double your coins in 1 month by compounding your stakes. That leads to over supply and then dumping. Lost 50% of its value the last few days.

DV7: Massive high ROI of 10 000% for 20 000 blocks, who ever came up with that wasn't thinking. That's literary doubling your initial investment in less than 4 days. What do you do, dump the daylights out of it. Currently trading at half pre sale price and pre sale was maybe a month ago if that long. Just looks like a scam coin to be honest.

And then we have Diverse: This looked like a promising coin with a rather high ROI of 3000% and super blocks of 7000%, but only for 100 blocks. Again you could double you initial investment within a month but there are still guys holding millions that could dump at any second. Currently struggling around 200 sats. I do however think this coin will do good for the next 2 - 3 months and then follow the others.

I've been hearing a lot about staking in the past few weeks but I haven't dedicate much time yet to learn atleast the basic. I guess it is time for me to focus on this since I think it is one of the most popular way to earn atleast a fraction of what you have.

Well that is the point of stacking, to get coins without actually doing something, but in order to get any kind of meaningful income you will need to have a huge amount of coins, so it is not as easy as you think to make money with those coins, if you are a good trader you are better off trading than by staking your coins but at the end it is your choice to pick the best option for you.

You need to use a VPS server to perform staking, then buy the necessary amount to and conduct a staking run on the VPS virtual machine. The staking also brings quite a lot of profit to the performer that is how you get passive income every day from the crypto that he invested. But you have to study the true crypto before running staking, remember that it must be good for you to get more profit when running staking.

Is 4% is good interest rate? I dont think so..

The Intel NUC option is a really good one; I've got an ASRock motherboard with an Intel Pentium N3700 that I use as a media center, and its power consumption is of less than 15 watts, I've sometimes thought of putting some wallets there to stake, but as mixing with the other apps isn't a security wise decision, I still got to investigate if can put some kind of Xen "bare metal" hypervisor so I end up with two separate virtual machines... But maybe buying a cheap NUC will take less time and also give less headaches  !

I dont think it will take off because people arent willing to take the time to learn its unique method...
They should have simplified it.

Do the tokens get used up when u use it to mine?? How does it work

You had a bad experience probably due to a poor choice of coins...

I have already staked:

BLK, PPC, TEK, HYP, HBN, CAP, PHS, NOBL, MINT, DMD, NVC and a few others.

Never had problems with staking, all wallets delivered according to the coin's tech specs.

Maybe you should try to read a bit more about a coin before investing in it...

By getting a money on staking you joining a campaign to get a stakes and after the end of campaign you can get a token and trading it to ETH and then to bitcoin and its up to you if trade it in your fiat money so that you can earn to your currency.

Buy NAV (NAV coin).  4% interest and you can buy a NavPI stake box from them or set one up yourself.
https://store.navcoin.org/product/navpi-stakebox/

Well... I read about this a lot like 4 5 months ago..
Then tried some staking.
Ember: they said it has 720% return. Nope, I staked around 2m coins for a month, not payment. Asked the dev, no answer.
Espers: read a lot of good stuff both for the project and staking payments. Dev was really helpful, till staking questions. Again got no payments.
I wouldn't recommend trying these.

Indeed, it is possible to stake with a Raspberry Pi and I used to have several PoS wallets running simultaneously on a RPI2.

One other option is to take advantage of the 1 year free AWS VMs and put a wallet there 24/7. The only limitation being some wallets are too demanding for the limited specs of the free VMs Amazon makes available in the free tier.

Yet another option is to purchase an Intel NUC and run everything there. This is what I'm currently using for my DMD masternode side by side with some other PoS wallets. With minimal power consumption I have 24/7 passive income generation... 

At least for DeepOnion I know of an even cheapest way, to stake in a Raspberry Pi3:

https://deeponion.org/community/threads/running-deeponion-on-raspberry-pi-3.26594/

With a little effort other wallets could be compiled to run there.

THANKS . I so know the type of coin that can be in the ann is POS. i will search there. staking sometimes easy and only requires coin capital itself. as long as his coin is not a scam or the project fails it will be very profitable.

After lots of research we have to invest lots of money and time then we can make some money from staking!