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Topic: Staking vs. mining altcoins - page 4. (Read 842 times)

hero member
Activity: 1470
Merit: 509
December 07, 2019, 06:13:34 PM
#62
I’m turning my eyes towards staking alts, since the market is struggling to pick itself up for the last 2 years and (probably) the only profitable thing in 2019 was mining. Let’s discuss solid projects with decent returns here. Appreciate any insights and info!

It depends on your choice. On the one hand, consider the money and earnings you will spend on equipment that will be needed for mining, on the other, consider the money you will spend and earn on staking. Even compare the risks you will take. If I were you, I would choose trade, not any of them. The amount you spend for mining is a lot and the earnings are low. Also, staking is not suitable as my investment is frozen for a long time and provides little profit. The choice is yours.
copper member
Activity: 322
Merit: 8
December 07, 2019, 06:22:31 AM
#61
Not gonna lie. Staking scares me because of the way the market is today. I am going to be honest, I still think mining is a more profitable venture than staking.
legendary
Activity: 1288
Merit: 1012
December 07, 2019, 06:12:11 AM
#60
staking it will be the trend of 2020. if you look at what kind of updates the exchanges are doing, then they are all preparing for the fact that next year coin staking will be available on their exchanges.
Staking is already trending, Coinbase and Binance already have Staking as service, Other exchanges will follow. Tezos,ATOM,KMD etc will have tremendous price surge when FOMO kicks in.
full member
Activity: 770
Merit: 100
Oikos.cash | Decentralized Finance on Tron
December 07, 2019, 04:53:50 AM
#59
staking it will be the trend of 2020. if you look at what kind of updates the exchanges are doing, then they are all preparing for the fact that next year coin staking will be available on their exchanges.
hero member
Activity: 907
Merit: 500
December 07, 2019, 04:45:01 AM
#58
I believe in earning through staking more profitable than mining. You can invest as low as you have in staking an altcoin but buying a mining rig is expensive and the earnings made from mining is quite discouraging. TLS staking proposes 30% return earnings on monthly base and I'm sure that no mining rig gives such returns.

binance has a staking feature with quite a lot of options for altcoins and various offers, this method is a little simpler than mining, and most of it is better to go with proof of staking (POS) because of the low cost efficiency. besides that we have to choose a good POS coin for the long term, of course, staking requires a long time so it must really have a good project. because we know the fluctuation of crypto is quite risky and the price doesn't always go above.
I just found out that Binance has a staking feature? but in my opinion mining is the best way to get profit, if you try staking make sure you also choose the program from coins or projects with good fundamentals, like waves or ethereum, but ethereum implemented POS in 2020
Ethereum is a good option for OP as you mentioned that it will implement POS in the coming year so if anyone will collect ETH from now they will have a good amount till the time when POS will be implemented. I am suggesting to buy now because I know that a lot of people are mining ETH now and they all will sell their everything and will buy ETH to be prepared for staking and at that time the price will reach to a highest value so the current buyers will get two benefits, one will be that when the price increase and they get profit the other is they will get a good amount with low price before the pump.
sr. member
Activity: 1190
Merit: 250
COMBONetwork
December 07, 2019, 04:39:15 AM
#57
I believe in earning through staking more profitable than mining. You can invest as low as you have in staking an altcoin but buying a mining rig is expensive and the earnings made from mining is quite discouraging. TLS staking proposes 30% return earnings on monthly base and I'm sure that no mining rig gives such returns.

binance has a staking feature with quite a lot of options for altcoins and various offers, this method is a little simpler than mining, and most of it is better to go with proof of staking (POS) because of the low cost efficiency. besides that we have to choose a good POS coin for the long term, of course, staking requires a long time so it must really have a good project. because we know the fluctuation of crypto is quite risky and the price doesn't always go above.
I just found out that Binance has a staking feature? but in my opinion mining is the best way to get profit, if you try staking make sure you also choose the program from coins or projects with good fundamentals, like waves or ethereum, but ethereum implemented POS in 2020
newbie
Activity: 15
Merit: 0
December 07, 2019, 03:23:46 AM
#56
I believe in earning through staking more profitable than mining. You can invest as low as you have in staking an altcoin but buying a mining rig is expensive and the earnings made from mining is quite discouraging. TLS staking proposes 30% return earnings on monthly base and I'm sure that no mining rig gives such returns.

binance has a staking feature with quite a lot of options for altcoins and various offers, this method is a little simpler than mining, and most of it is better to go with proof of staking (POS) because of the low cost efficiency. besides that we have to choose a good POS coin for the long term, of course, staking requires a long time so it must really have a good project.

Just be careful with that as you may loose your stake since PoS nodes can be easily bribed. https://github.com/zack-bitcoin/amoveo/blob/master/docs/other_blockchains/bribery.md
legendary
Activity: 1862
Merit: 1046
December 07, 2019, 03:13:02 AM
#55
I believe in earning through staking more profitable than mining. You can invest as low as you have in staking an altcoin but buying a mining rig is expensive and the earnings made from mining is quite discouraging. TLS staking proposes 30% return earnings on monthly base and I'm sure that no mining rig gives such returns.

binance has a staking feature with quite a lot of options for altcoins and various offers, this method is a little simpler than mining, and most of it is better to go with proof of staking (POS) because of the low cost efficiency. besides that we have to choose a good POS coin for the long term, of course, staking requires a long time so it must really have a good project. because we know the fluctuation of crypto is quite risky and the price doesn't always go above.
newbie
Activity: 4
Merit: 0
December 07, 2019, 01:33:02 AM
#54
Hi, have you ever heard about Pi Network (it is growing really fast last few months):
Pi network is an application that supports cryptocurrency mining on a mobile phone 📲.  It is available for Android and IOS and runs in the background and does not consume much battery. It is based on Stellar consenus Protocol. The project covers 3 stages of development:
 - Phase 1 (beta) is now underway, mining is already possible, and various improvements are being introduced
 - Phase 2 (testnet) will be around January 2020, Node software will be introduced, preparing for the last phase
 - Phase 3 (mainnet) will be around March 2020 and cryptocurrency will go "live" - to the stock market

IMPORTANT: Mining rate has just halved at 1 million users, as well as at 10 million ...
So far, there is about 1,250,000 users in the app.  The only thing you need to do every 24 hours for continuous mining is to press a button to confirm that you are not a "robot".
It will be possible to transfer Pi's between users in the next few weeks, and an in-app marketplace will be introduced.
Contact me for more info Smiley

In case you get started with this, it would mean a lot to me if you use my invitation code: jakepel03
https://minepi.com/jakepel03
jr. member
Activity: 448
Merit: 1
December 07, 2019, 01:55:31 AM
#54
I believe in earning through staking more profitable than mining. You can invest as low as you have in staking an altcoin but buying a mining rig is expensive and the earnings made from mining is quite discouraging. TLS staking proposes 30% return earnings on monthly base and I'm sure that no mining rig gives such returns.
member
Activity: 756
Merit: 14
December 07, 2019, 01:30:20 AM
#53
I’m turning my eyes towards staking alts, since the market is struggling to pick itself up for the last 2 years and (probably) the only profitable thing in 2019 was mining. Let’s discuss solid projects with decent returns here. Appreciate any insights and info!

Staking all the way pal, there is no need to worry about electricity costs or GPU burning out on you, staking is even more safer since you are going to stake in your wallet you are holding its private key, its a total stress free
sr. member
Activity: 1988
Merit: 453
December 07, 2019, 01:20:49 AM
#52
Mining rigs is more expensive, you have to pay for electricity and your rigs can break down at any point in time, the safest option is Proof of Stake coins, costly too but better

Is staking any less expensive? For many of the PoW coins, there is a minimum threshold and therefore you need to invest a big amount initially. And from what I have seen many of such coins have gone down heavily in the market and even with the staking reward, the ROI is negative in most cases. I would say that the current state of the market is not very conductive towards either mining or staking.
jr. member
Activity: 73
Merit: 1
December 07, 2019, 01:15:59 AM
#51
In my opinion staking is not so intresting. 1-3% arp is nothing for me
sr. member
Activity: 1918
Merit: 268
Vave.com - Crypto Casino
December 07, 2019, 01:14:59 AM
#50
many exchanges also hold staking events such as in binance and others, I think to do mining will cost a lot and take a lot of time to monitor, I think buying altcoin POS or masternode will be better and starting staking I think it's easier just to rent a VPS rather than having to do mining

Instead of renting all those we need to buy and stake them in the market it will surely help you to make some decent profit in the long run. For buying hardware we need to spend lots of money instead of buying it is good to buy some POS, coin it will surely help you to make a decent return on your staking.

not only hardware even we have to calculate the cost of paying electricity and others to do mining, obviously it needs to be calculated sometimes mining must pay attention to altcoin which is really profitable for example mining on altcoin with a low difficulty level, staking whether it's with a system from masternode or POS and others will be more profitable than buying hardware is better to buy Altcoin that supports POS or masternode
member
Activity: 742
Merit: 16
December 07, 2019, 12:48:24 AM
#49
Mining rigs is more expensive, you have to pay for electricity and your rigs can break down at any point in time, the safest option is Proof of Stake coins, costly too but better
hero member
Activity: 1386
Merit: 504
December 07, 2019, 12:46:51 AM
#48
There is a huge possibility to earn big amount on staking, honestly i have no idea how it works before but knowing it in this past months is really good thing. Imagine how much you might earn however in order to earn big amount you should have a big capital as well to have a huge stake amount.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
December 07, 2019, 12:43:30 AM
#47
Between staking and mining I think very easy if use money for investing with IEO of ICO project, just waiting when listing on exchange market then sell our coin and get much profit, for staking have waiting each month to receive our payment and never sell coin assets use for staking in want to get reward, how ever always have lower price with staking coin and get lost but mining have the same thing with lower earning every day.
The risk involved when it comes to staking is the price fluctuation indeed. But, it's a lot safer than investing in IEO or ICO because at least you can observe the market while staking but investing in IEO and ICO the dumping usually happens in a matter of minutes and you will always miss it. You need to consider the fact that if you are staking the top 20 coins it will increase the safety of your money and the IEO or ICO project could turn into an exit scam anytime.
sr. member
Activity: 1078
Merit: 256
December 07, 2019, 12:34:10 AM
#46
You will spend more money on mining rigs than just buying coins and start staking in your wallet, they are both good if you have the money but Staking is just easier and stress free
Staking the right coin will lessen your stress, most of those people who understand this type of investment choose staking coins which experiencing some downfall. Instead of trying to scalp or short their trades they've choose to hold and stake the coin and earned rewards. Research and pick the right coin to invest your money keep your eyes open and take the risk.
member
Activity: 462
Merit: 19
December 07, 2019, 12:28:56 AM
#45
You will spend more money on mining rigs than just buying coins and start staking in your wallet, they are both good if you have the money but Staking is just easier and stress free
sr. member
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
December 07, 2019, 12:01:16 AM
#44
Between staking and mining I think very easy if use money for investing with IEO of ICO project, just waiting when listing on exchange market then sell our coin and get much profit, for staking have waiting each month to receive our payment and never sell coin assets use for staking in want to get reward, how ever always have lower price with staking coin and get lost but mining have the same thing with lower earning every day.
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