As far as I know, Crypto and mining is a unity that always coexists. the two sides are interrelated, however, Crypto is easier to obtain, not the same as mining which must require large enough tools and capital, in my personal opinion
Mining is the same as collecting and everyone who tries to collect several cryptocurrencies both by trading, Staking, and also mining with special tools, it's actually almost the same even though the income is different with different deadlines, but conceptually it's almost the same as mate. 
Topic: staking is a type of mining? (Read 239 times)
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
I stopped mining about 5 years ago as It's not really profitable in Australia as the cost of electricity is really high.
I personally have decided to only stake coins that don't have an unbonding time frame such as ADA and Tezos (XTZ).
Some projects such as ATOM, ICP and CRO have a minimum staking period or require 21 days to undelegate which potentially means missing out on profits from price swings on daily and weekly timeframes.
An example is ATOM/Cosmos, I could have made a decent profit or increased my holdings through trading if I'd traded rather than simply staked them
I personally have decided to only stake coins that don't have an unbonding time frame such as ADA and Tezos (XTZ).
Some projects such as ATOM, ICP and CRO have a minimum staking period or require 21 days to undelegate which potentially means missing out on profits from price swings on daily and weekly timeframes.
An example is ATOM/Cosmos, I could have made a decent profit or increased my holdings through trading if I'd traded rather than simply staked them
a crypto being on a stake it means that this crypto is mining others?
Not really mining in the traditional sense, but definitely also contributes to the consensus mechanism of the network.
Staking is essentially you showing the network that you have put money into the ecosystem and therefore you shouldn't be a bad actor given that if you destroy the network through an attack, you lose a lot of money yourself as well.
Don't get it confused with PoW mining though.
a crypto being on a stake it means that this crypto is mining others?
Stake for mining is a system in Proof of Stake Consensus, staking in the chain or not in the chain (for example on a centralized exchange like Binance) both provide benefits in the form of additional value from the coin/token you stake. But if we talk about staking to mine, we should talk about Proof of Stake.
holding back is just a wasted time and it's all done by people who don't have a soul of patience.
because the main key in crypto must be able to see price movements in the market and will not let go if there is still no expected target..
Not forever holding it can be a waste of time, because at this time almost everyone holds on to the assets they already have for very good targets because if they are released at this time, they will only have regrets and the target will never be achieved at all. because the main key in crypto must be able to see price movements in the market and will not let go if there is still no expected target..
holding back is just a wasted time and it's all done by people who don't have a soul of patience.
because the main key in crypto must be able to see price movements in the market and will not let go if there is still no expected target..
because the main key in crypto must be able to see price movements in the market and will not let go if there is still no expected target..
a crypto being on a stake it means that this crypto is mining others?
It's more or less like that, but I can't be sure of that because when a coin is staked the party receiving the coin can also make trades on it to reach the desired target, even though the payout is also in the same coin, so it can't always be mined 
a crypto being on a stake it means that this crypto is mining others?
In a sense, yes.
You are securing the network by contributing to transaction validation, and the consensus mechanism is based off people showing that they have an active stake in the network as opposed to they are expending significant energy.
So it's really the same concept but in a different form. Staking is NOT yield farming or interest generation per se, which is what some people seem to be confused about.
It's actually two different thing or in other words different type of creating a new coin the other one is called proof of work which is like mining Bitcoin and the other one is proof of stake and can produce new coin by staking coins, the most common is the proof of stake but the disadvantage is that it consumes a lot of electricity.
So proof of work is mining other coins inside an exchange while proof of stake is mining with rig and all the heavy stuff gpu etc?
I don't like staking because reward is too low you need lots of the coin supply to actually earn reasonable amount but with mining you can start will one GPU and make 1$ to 2$ per day a 450$ GPU can get this job done, just find a used motherboard and you are set.
a crypto being on a stake it means that this crypto is mining others?
In terms of output, it's possible to take the same risk as mining, but in terms of the processes involved, it's definitely not the same. Betting means you give up what you have to breed, while mining means you have all the tools you need from the general to the most specific. It's simply like this: Farmer as a subject where he does heavy work that will produce something from what he does (miners). Then the results he gets (objects/tokens) can be bet or he keeps. The output remains the same but the process is very different. 
Staking requires you to have the coins you want to mint in order to create more, whereas in mining you only need to have the hardware in order to mint new coins into the circulation. While in essence, staking is also mining, the circumstances to which coins are produced from it are very different from the actual mining that we know of. There's nothing to be pedantic about though, IMO, as they both produce coins at the end of the day, and the difference only lies on the manner to which coins are produced.
You have to choose a well-known coin with considerable market capitalization for staking to avoid being scammed. You should also make sure you're using a reputable wallet that, while supporting staking, is not going to rob you. I think that not losing your coins is the main concern with staking. But I'd also consider the viability of staking. Given how volatile cryptos are, it seems to me that staking doesn't make much sense. The added value you might get from coins is only a matter of a swing of the market and the prices changing. So I think it's better to follow the prices rather than engage in staking.
It is not even just about being scammed, it is a bit about how we should be focusing more on not dropping the price by staking too much. I mean imagine one person with one million dollars destroying the whole market by staking all by himself. If that is possible for a token then it is too small and there is nothing you could earn from that, it is too much of a risk and we should not be risking when staking.This is why a high market capitalization is definitely better, that way even if someone puts up a few million dollars and takes out, the market doesn't get phased by it. That actually is the biggest reason for me since I do not fear getting scammed because I only invest into trustworthy stuff, but if it is trustworthy and still has very low volume then I do not invest into it. It has to be doing well enough to matter and also not get screwed by whales.
Yes and no. Staking you actually need to have the coin you want to stake. Mining you just need to invest in a CPU or GPU. Staking is more fun because you're actually forced to hold. Enjoy the ride.
Hi all,
When it comes to staking what is the risk?
The risk is the fluctuation. When it comes to staking what is the risk?
I am new to crypto and holding coins for the long term so is it worth staking certain coins?
It is worth it if you're just holding it and you have nothing to do with it. But in return, you're going to allow the platform to hold your coins for you unless it's a wallet that gives you the keys. The higher the stake, the bigger the profit.I would rather earn something while I am holding coins but want to be aware of the risks first.
Thanks
There are wallets that allows you to stake, I'll choose them if I'll stake and won't stake into an exchange. Thanks
Hi all,
When it comes to staking what is the risk?
I am new to crypto and holding coins for the long term so is it worth staking certain coins?
I would rather earn something while I am holding coins but want to be aware of the risks first.
Thanks
You have to choose a well-known coin with considerable market capitalization for staking to avoid being scammed. You should also make sure you're using a reputable wallet that, while supporting staking, is not going to rob you. I think that not losing your coins is the main concern with staking. But I'd also consider the viability of staking. Given how volatile cryptos are, it seems to me that staking doesn't make much sense. The added value you might get from coins is only a matter of a swing of the market and the prices changing. So I think it's better to follow the prices rather than engage in staking. When it comes to staking what is the risk?
I am new to crypto and holding coins for the long term so is it worth staking certain coins?
I would rather earn something while I am holding coins but want to be aware of the risks first.
Thanks
Mining is always associated with a proof-of-work algorithm, you need physical hardware to verify transactions and ensure that fraud does not occur.
Staking is linked to a validation algorithm where verification is made based on the distributed currencies and not by devices and trying to guess the number that is used once.
Staking is not mining and is not related to it, and the only aspect of the similarity between them is that both of them generate coins for the owner party.
Staking is linked to a validation algorithm where verification is made based on the distributed currencies and not by devices and trying to guess the number that is used once.
Staking is not mining and is not related to it, and the only aspect of the similarity between them is that both of them generate coins for the owner party.
a crypto being on a stake it means that this crypto is mining others?
I believe staking is very different from mining because staking is like crypto savings but much higher interest (APY) while mining is done using hardware, particularly the GPU's, while the other platforms are also renting hash power to their customers in a form of cloud mining and I was doing that in the previous years in the platform called Genesis Mining but it is not that profitable that's why I stop it.
a crypto being on a stake it means that this crypto is mining others?
Staking basically means you use your coins to support the network (at least that is how it works when you stake via native wallets on your desktop, i am not sure if this is also true for tokens that you stake via one of those Defi pools). So yeah in the end it is a consensus mechanic just like proof of work. I think that proof of stake will become more and more popular now and in the next years because of environmental reasons. Tesla was already accepting bitcoin as a method of payment but then they had to take that decision back because of protests because bitcoin has to be mined and for that you need a lot of electricity.
a crypto being on a stake it means that this crypto is mining others?
Staking is different from mining, if we staking in Polygon then our task is to verify and this is easier to do, staking is a good program from the devs. to determine investor loyalty.
Jump to: