Topic: Staking or Mining? - page 7. (Read 732 times)

Not all cryptocurrencies can stake as well as mine.  It will depend on your hashrate or how many coins you own in order to receive a decent about from staking or mining.  I prefer to buy, hodl and trade.  It's the quickest route to getting coins.

Yeah, I think all cryptos will switch over to staking eventually. You can compare the current state of the crypto-world to the industrial age and when staking comes around, it will be like the current state of manufacturing - solar, renewable, efficiencieny, etc...

staking nowadays more promising than mining. PoW consumes much source than PoS.
as you can see now, many PoS coins have a decent value in the market.

Staking has a low cost of entry.  You can buy some coins and start to stake them and bam.  More coins.  With staking, the amount of coins you generate goes up over time due to compound interest.  With mining the amount of coins you get goes down due to difficulty increase.  Mining also forces you to upgrade your hardware if you want to stay competitive.

There are pros and cons on both sides and you have to weigh your options, but for me, staking and masternodes are the way to go.

Favorite staking coins right now:

Castle Airdrop Project (CSTL) 100% Interest/year!
Platinum Bar (XPTX) 230% Interest per year!
Monkey Project (MONK) Rate varies.

Both are profitable Investment but for me masternode is better because it doesn't need much electricity but we need to choose coin that really good such as XCPO. but I also plan to do mining bitcoin. I want to have any experience that related to bitcoin and blockchain.

if I ask mining what I choose because it's good to be mining if the altcoin value is very hard to invite to staking especially if they are lazy and they do not want to work it so it's better to minimize than staking so you do not blame when you're deceived get your money and run the money or money you invest

I disagree with everyone citing that staking is better. Its easier, but not more profitable would probably be the better description.

Remember that in this world nothing is for free. You will earn more coin if you mine. Staking gives low profit probably because it is so easy to do. With mining you will need some hardware and configuration before you start earning at all. And rightfully so. Anything that promises easy money without the need to do anything is most likely a scam.

I prefer staking because mining is so expensive in making a profitable mining rig and it will take years before you can recover your capital.

I personally believe that Masternodes and Proof of Stake will be huge in the upcoming years. We noticed a trend and it seems that more and more cryptocurrencies decide to implement Masternodes & Proof of Stake.

*** Crypto Passive Income – Masternodes

Masternodes are nodes in the cryptocurrencies network that relay transactions and
sometimes also fulfill other specific functions.
Since Masternodes fulfill special functions for a cryptocurrency network but do cost
money and effort to operate, they are incentivized by gaining a share of the block
rewards in their respective cryptocurrency. The yield varies primarily according to the
masternode count and each coin might have different payout periods. A few coins
pay out daily; others pay out several times a day. This makes masternodes a form to
earn “passive income” on cryptocurrencies without having to run expensive mining
equipment. To create a masternode, a user needs to lock in a specific amount of
coin. Users can then either setup a server to host the masternode or ask a service
provider to do so on their behalf.

 - Conclusion
I personally think masternodes are a great way to hold your coins and earn some juicy
rewards. You need some technical knowledge to setup a masternode server, but
once you’ve done that it’s generating passive income and you only need to check
every once in a while if the coins come in.

*** Crypto Passive Income – Staking

Staking, also called Proof of Stake is a way to earn passive income by locking your
coins in a wallet for a certain fixed period of time. For doing that, you will be paid
additional coins as a reward. Mostly you need to keep the wallet open & your
computer running while you are staking your coins to gain reward. However, there
are some coins like NEO for example, where you can just leave them in your wallet
and close the wallet and it still generates reward.

 - Conclusion
I love staking and think it’s one of the easiest ways to earn passive income in crypto
without a lot of technical knowledge. NEO & some other coins are great because you
don’t even need to have the wallet open and you still generate some good rewards
for just holding your coins.

*** Final Words

Masternodes & Staking are definitely a great way to earn some juicy passive income from cryptocurrencies. I am trying to get as many Masternodes as possible to setup a whole farm and earn a nice side income. With the rising price of cryptocurrencies, we will also receive a better ROI with time.

Thanks for reading & have a nice Day! 

Mining consumes a lot of electricity and requires dedicated hardware. While staking and masternode can easily be achieved on a self hosted server or a paid server online with an initial investment on the coin.

Mining has became an industrial business, you require a huge amount of hardware and cheap source of electricity and dedicated workers to yield from mining while staking or masternode is someway still profitable for individuals and small groups of enthusiast and business.

Agreed. Why do you think staking/masternodes aren't as popular as mining?

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.

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.

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 teaches you how to set one up OR they can simply set it up for you.

Here's a link to the thread >>> https://bitcointalksearch.org/topic/setupmasternodescom-diy-we-teach-you-linux-and-how-to-setup-your-mn-3213738