Topic: Staking or Mining? - page 5. (Read 792 times)
From my point of view, Mining has become an industrial business, and you also need a large amount of cheap hardware and power sources. And it is dedicated to generating from mining while stalking or master node however still profitable for individuals and small groups of enthusiasts and businesses.
Which do people prefer? Staking/Masternodes or mining?
I personally prefer setting up masternodes...
You COMPLETELY control the collateral and the ROI is often MUCH better than staking and mining.
However, they can be pretty difficult to set up. But I found this cool service that guides you through the entire process for only $50 and can get your masternode set up in only a couple hours...
Here's a link to the thread >>> https://bitcointalksearch.org/topic/setupmasternodescom-diy-we-teach-you-linux-and-how-to-setup-your-mn-3213738
I think staking is the best of all because it doesn't need a huge amount or required coins to stake while master nodes needs a lot of money to be able to join. Hardware mining is also need a lot of money to assemble a rig and needs a technical knowledge. I personally prefer setting up masternodes...
You COMPLETELY control the collateral and the ROI is often MUCH better than staking and mining.
However, they can be pretty difficult to set up. But I found this cool service that guides you through the entire process for only $50 and can get your masternode set up in only a couple hours...
Here's a link to the thread >>> https://bitcointalksearch.org/topic/setupmasternodescom-diy-we-teach-you-linux-and-how-to-setup-your-mn-3213738
I prefer staking than mining because i don't have any means to do mining. I'm still lacking needed hardwares to do it. I only have my mobile phone so staking is much more effective for me. I can do bounties conveniently anywhere i go and anytime i have spare hours from my formal job.
thank you for culling up of this information! am going to follow it up to set up my master node, for staking and lending programs I don't want to go that path again! I have lost some real money in some Ponzi and MLM staking/lending program, like bitconnect (BCC), davorcoin etc. my advice on staking is not an investment and is sustainable please stay away!
In general, I do not know how to compare these two terms. This is generally a different technology. I believe that the best thing is the combination of these two technologies. It gives the maximum number of positive moments. Big coin keepers - do not run, mining coins - ensure the stability of the network.
mining is the best way to earn either masterdone you can solve gpu problems and its easy to use but masternode setup is very dificult so in this regards mining with gpu is best
Which do people prefer? Staking/Masternodes or mining?
I personally prefer setting up masternodes...
You COMPLETELY control the collateral and the ROI is often MUCH better than staking and mining.
However, they can be pretty difficult to set up. But I found this cool service that guides you through the entire process for only $50 and can get your masternode set up in only a couple hours...
Here's a link to the thread >>> https://bitcointalksearch.org/topic/setupmasternodescom-diy-we-teach-you-linux-and-how-to-setup-your-mn-3213738
Considering the start up fees, I will go in for staking/masternode because the necessary things needed to set up the mining process alone can set up 4 to 10 masternodes at a time with high profit with what I have seen. Moreover, mining consumes more energy than staking so I will go in for masternode over mining I personally prefer setting up masternodes...
You COMPLETELY control the collateral and the ROI is often MUCH better than staking and mining.
However, they can be pretty difficult to set up. But I found this cool service that guides you through the entire process for only $50 and can get your masternode set up in only a couple hours...
Here's a link to the thread >>> https://bitcointalksearch.org/topic/setupmasternodescom-diy-we-teach-you-linux-and-how-to-setup-your-mn-3213738
Staking. Mining requires extensive processing power and takes huge power.
According to latest data
Bitcoin consumes 0.27% of world's electricity consumption which is roughly equal to 60 TWh. Cost is roughly $3,000,000,000. So much waste.
Bitcoin is not the only block chain which use POW. So the total power consumed by the blockchains is way more higher than that.
So it is time to move to POS (staking)
According to latest data
Bitcoin consumes 0.27% of world's electricity consumption which is roughly equal to 60 TWh. Cost is roughly $3,000,000,000. So much waste.
Bitcoin is not the only block chain which use POW. So the total power consumed by the blockchains is way more higher than that.
So it is time to move to POS (staking)
Mining requires a lot of hardware setup, high electricity cost and high hardware maintenance. In order to race the mining difficulty and profitability, you need to upgrade the hardware from time to time. Unlike staking it requires less hardware setup and less electricity cost even a low-end cpu or laptop can do the staking. Besides mining is not an environment-friendly as it generates more heat and loud noise and may sound unpleasant to neighbors if mining is within residential areas.
Most people now here in crypro world is staking 'cause doing mining and etc is not easy and need large capital to provide good hardware for it that's why most people now is participating in different projects to gain stake . Which is just efforts and without working hard they can gain profits from it.
Both mining are currently working in almost blockchain now but in the future POS does not consume energy because you can participate in mining. a very simply way. choose what you and the public want.
Yes.. I just confusing too about staking or mining, mining is more difficult for me cause I will need a hardware.
Staking I just affraid if on the project will scam. so can you guys give me some advice?
Staking I just affraid if on the project will scam. so can you guys give me some advice?
I personally think that staking is a much better option if you choose a good coin with a good team behind it. You have complete control of the collateral of coins you have to buy whereas with mining, you have to make an initial investment into hardware which can be very expensive. In addition, you don't have pay for the crazy electric bills that come along with mining. And lastly, if you run a masternode, you can get a much higher ROI.
Mining requires a lot of electricity consumption and computational power to mine the coins. GPU or ASICs are quite expensive. When buying ASICs you are always at a rist that the hash algorithm or difficulty will change and you can throw the equipment in garbabe. GPU's are less risky but you need to take constant care of your rigs. I would prefer staking. Looking forward to Tezos mainnet release.
The last time mining becomes more of a monopoly business. I do not know whether the founders of the coins will apply protection from asics so mining GPU may disappear. Buying expensive equipment now is very risky. I think that the best option for an easy start is trading.
Which do people prefer? Staking/Masternodes or mining?
I do prefer staking than mining because in mining you to invest alot of money to buy many powerful GPU which is currently expensive due to demand. Staking investment is much profitable because you'll get to choose in what range of price you will buy a specific coin, unlike mining it will take some time to earn your capital. So Staking all the way.
I dont like mining because it needs alot of materials in order to dig and mine coins. But, staking is easy, it can run on a pi/vps and it doesnt cost a lot of money to install and start collecting profits but its not that big deal if the network size gets bigger and bigger..
i must pick up day trading and never choose mining or staking.
i must pick up day trading and never choose mining or staking.
You don't think day trading is more risky than staking or mining?
I prefer staking because in my opinion mining is very bad for the enviornment- it wastes so much energy power.
However, staking is more risky- because you need to buy coins which might decrease in price, especially in bear markets.
However, staking is more risky- because you need to buy coins which might decrease in price, especially in bear markets.
But wouldn't mining be just as risky because the value of your coins could drop and then you may not make back your investment, right?
I dont like mining because it needs alot of materials in order to dig and mine coins. But, staking is easy, it can run on a pi/vps and it doesnt cost a lot of money to install and start collecting profits but its not that big deal if the network size gets bigger and bigger..
i must pick up day trading and never choose mining or staking.
i must pick up day trading and never choose mining or staking.
Which do people prefer? Staking/Masternodes or mining?
Staking is more profitable & affordable, as in mining you have to buy expensive GPU or antminer, due to a high demand for GPU cards nowadays the price of GPU's are touching to the sky. Also, mining requires high electricity consumption & computational power to mine, and as a result, you have to pay high electricity bill & profit will be very less, so mining is not profitable as it was before. Staking your coins in a wallet or running a master is a good choice as you just need a laptop with an internet connection & just hold your coins in wallet & you will be getting 5~15% dividend annually depending on the type of POS based coin & amount of coins you are holding.
Mining apparatus are now so expensive due to the difficulty risen up got by the crypto's but if you consider to risk with the latest GPU's and other things then maybe you will gain more money with that since you could stake the coins that you mine. But apparently not all people can afford to buy high end GPU's so rather I think many of them would prefer to choose the staking.
Wow I am actually getting feel for the POS based coins after getting down with the mining of the alts. I fired up my ETH based mining in mid year of 2017 but soon after the prices dropped the income was so much less that it could not even bear the cost of electricity. That was really really depressing to me and I could not do anything but sold out my GPU based mining rig. I tried to do all I can by outsourcing the electricity with direct short wiring (Do not try on your own, I used expert help and its not legal) but it did not work for long as ETH prices dropped even further and not able to generate the ROI. I will learn more about the POS this time and will try to hold my coins in the wallet. It seems far easier and safer to me than the mining.
mining is a normal thing, my friend is seriously engaged in this process. accordingly, he invested a good amount in the booty, and constantly improves his farm. investment in coins is also very interesting topic and it is necessary to make a lot of efforts for this. the choice is yours
But what would be your choice?
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