Topic: staking is a type of mining? - page 2. (Read 263 times)
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.
a crypto being on a stake it means that this crypto is mining others?
It's not. Staking mean your token has become a power of yours to contribute to the network. Once you're staking your token and that means you're helping the network and network will give you a reward for that and this pretty similar like you're mining crypto using mining rig but in this case your token will more useful caused by it can give you passive income from staking. How much you will receive depend on how much yield that being offered and this time staking is getting evolved and so many tokens are also using this thing to rewarding its community, 
Yes indeed! But staking is better than mining because you do not need to set up rig or server, the only cost to your staking is your Internet connection and possibly tx fee! Staking on a good platform can be rewarding and if security of your fund is guarantee to some good extent, then you should not hesitate to stake!
a crypto being on a stake it means that this crypto is mining others?
Not really dude. Staking is like a piggy bank if you put a lot of coins there it will yield depends on your holding and also depend on the total of all those who do the same. You could say its a way to earn while holding in a different way if you are holding tokens and coins.Some newbies confuse on this but mining requires tool and equipment to run while staking can work even on a simple mobile device.
Staking isn't mining period! To mine crypto you need graphic cards with 4gb minimum vram for Ethereum classic and few new coins but when it comes to staking you need good amount of the coins in your wallet to stake, you can either use your wallet like trust wallet and Atomic wallet or you send the coins to an exchange like binance for staking
Staking is far from mining my dear, you have to become a holder with some quantities of a coin before you can stake, your coins will be on locked for a period of time to receive more coins, mining requires high end components like CPU and GPU with 6-8gb video memory
Staking: instead of using hardware miners(with Bitcoin, which uses proof of work), you instead receive yield based on how many coins you hold(with coins like Cardano, etc).
For more info: https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proof-of-stake
For more info: https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proof-of-stake
a crypto being on a stake it means that this crypto is mining others?
Jump to: