Staking vs. mining altcoins - page 5.

Getmon

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Quote from: makemecrypto on December 05, 2019, 11:23:29 PM

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!

Mining is not the only profitable thing in 2019. Many are even getting out of it because of the cost. You cannot get into mining if you don't have enough money to start with. Mining is expensive. Staking is the better option. It may also be expensive depending on the amount of coin that is required but at least you don't have to buy costly rigs and pay expensive electrical cost.

rmhuntley

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HALA MADRID

I prefer crypto lurking because it gives some advantages. In addition to the relatively high annual results compared to the Bank's time deposits, the crypto currency itself tends to increase in value more.

Crypto Mining has a consensus mechanism known as proof of work. Transactions on the blockchain must be validated in order to be included in the ledger, and we know the validator node as a miner. All miners in the network will use their computing power to complete complex algorithms that will then generate new blocks associated with the previous block. Then, the transaction will be validated and the miners who successfully solved the cryptographic puzzles will get wages in the form of newly minted coins and network transaction fees.

Source

ajiz138

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Mining and staking have their respective advantages and disadvantages. Staking can indeed be done by anyone easily because they only buy coins with a specified amount to do staking. However, mining requires hardware to do block mining. VGA hardware has a pretty expensive price, the more VGA the faster it will be to mine.

Mealea

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I think staking is one very good thing to do now with the state of the market. Increasing your portfolio through staking will surely pay off in the time to come.

Kotone

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Quote from: makemecrypto on December 05, 2019, 11:23:29 PM

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!

I think same cause either mining or staking, since it both needs capital, but I think mining has a higher expenditure since you spend on electricity, and internet aside from the unit or rig itself. Staking is much lesser hassle, since you only need to have coins or tokens for staking but the problem here is not much profit compared to mining but also can give you leverage income too.

fuer44

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yes, the market for the last 2 years is indeed bad, the ico or ieo project is like that but with mining, I think that hasn't solved the problem. because even minning we also need a lot of costs while the market does not provide any guarantees for it. staking is still valuable, it's just that because the market is falling or the project has not paid, so it will look a little bad.

xiboothrezi

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Quote from: sehoon on December 06, 2019, 10:09:04 AM

Both are not profitable right now. But it's not bad in just taking chances. As of now, I'm not really into mining altcoins but staking does not give me a lot of money and most of the time, there is no pay in it. I still want to get into this community though.

Actually profitable, but the percentage of recovery or compensation that is not too large makes it look like not too bright. But it is quite comparable to a smaller risk compared to trading that is quite risky at this time. Think of it as passive income, for staking.

doedz

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Quote from: dark08 on December 06, 2019, 06:10:44 PM

Since I'm a long term holder I prefered the staking but you need a good amount of altcoin to invest and its no guarantee that you will earn a good profit since the price are volatility, In other words this two need a huge amount of money to invest.

What coin do you hold?
since 2017 I have observed that bitcoin price movements tend to decline followed by several other altcoins.
I guess you have a big loss right now.
What moment are you waiting for to return your assets?

Duzter

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Quote from: dark08 on December 06, 2019, 06:10:44 PM

Since I'm a long term holder I prefered the staking but you need a good amount of altcoin to invest and its no guarantee that you will earn a good profit since the price are volatility, In other words this two need a huge amount of money to invest.

My choice of investment will also staking. Already I've learned the investment required for setting up mining machines for altcoins. With what we invest into mining it is possible to stake good. More we stake more will be the earning out of the same. With mining the complications were also high, electricity, maintained and various other things too need to be considered when mining farm or a machine is set.

jameshugo17

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In the past, mining was much more profitable. Those who want to do mining now need to get the power almost free. The Lightning Network can become even more widespread. In this case, early node builders can benefit from transfer fees.

dark08

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Since I'm a long term holder I prefered the staking but you need a good amount of altcoin to invest and its no guarantee that you will earn a good profit since the price are volatility, In other words this two need a huge amount of money to invest.

ntsdm1

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Quote from: makemecrypto on December 05, 2019, 11:23:29 PM

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 seems to me that mining in 2019 has not become profitable at all.Soon there will be an opportunity to put Ethereum in the steak.I think the income from this will be much more than from mining.

Hardcore-coin

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Quote from: makemecrypto on December 05, 2019, 11:23:29 PM

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!

There is a lot projects with available staking now. A lot of them can be finded in Binanve Exchange (like stellar, so on). Also good is MCO.

biddicoin

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Both staking and mining need much resource to get good profit. moreover, mining needs more than staking
mining needs RIG, electricity, maintenance. it's not cheap and easy. and hasrate would increase everytime. you must consider that
staking is slighty easier. there are many exchanges which hold staking services, so you can just only invest and get return.

btcdie

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Mining with the concept of staking lately is often discussed by some people, and some consider it as a new method with energy saving, more precisely with the release of ETH 2.0 next year, making people even more curious and asking about mining staking. PoW and PoS have their own advantages and disadvantages. The staking method is more prominent by requiring capital, for example ETH 2.0 with a minimum of 32 coins, and for me not being able to get that many coins.

PoW also requires a lot of capital, besides the price of electricity, GPUs are also expensive these days. so do your research and consider it yourself.

Pearls Before Swine

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Quote from: 0xcosmos on December 06, 2019, 12:06:45 AM

staking is also not that simple as it looks like

No, it pretty much *is* as simple as it looks. How about Neo? You don't have to keep the wallet open and running all the time, unlike all the other pos coins. And even if you do have to do that, it really isn't a big deal and it doesn't require much maintenance or attention.

Quote from: 0xcosmos on December 06, 2019, 12:06:45 AM

most of the pos coins requires you to set up a system which can be online 24 7 for the wallet to run and act as a node

Yes, and as you mentioned one can easily do this with a raspberry pi that doesn't consume much energy at all.

Navcoin and pivx are two of my favorites in addition to Neo, and those are the only ones I've tried staking. I never earned much with Nav since I never owned much, but I made quite a few pivx. Unfortunately it's price has dropped so low that I wouldn't stake it now. Neo on the other hand has held most of its value over the past 6 months or so even tho it dropped a *lot* since its all time high.

Oni Trading

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Staking has always been risk vs reward game. In other words, solid projects generate low stake rate, 1-3%, max 5% and this stake rate is often to low and hardly worth of your time. Risky projects offer higher interest rates, usually 10%, 20%, 100%. However, these projects usually crash and burn due to this high inflation rate negatively affecting the price.

This is why we suggest to trade crypto using our signals, more info can be found on our homepage and telegram channel.

https://oni-trading.com/

Thomas-s

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It depends on which mining you are talking about. If we talk about mining on some kind of equipment that you need to buy in order to engage in mining, now it is not as profitable as it was in 2017. In 2019 - 2020, mining will be the trend at the casino and POS mining. if you can find a project in which early mining will be available, then you are must to use such opportunities

el kaka22

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Quote from: makemecrypto on December 05, 2019, 11:23:29 PM

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 is not as rewarding as people may think. You think it doesn't affect the price as much as miners because miners mine those coins and have a "cost" which is basically electricity and so forth, which means they will sell it to cover that and that is why miner based coins look worse.

However, reality is that people who do staking and coins that are stake based also give people free money which means they didn't do anything but just keep money on their wallets and that means they are literally dropping the average of how much they spend for a certain coin which is why it does reflect on the price of the coin as well. When you invest 1000 dollars to a coin and make 50 bucks, if the coins worth drops to 900, you didn't make any profits, you lost 50 bucks, so getting money for "free" doesn't make you rich overnight. It still could work out don't get me wrong, however that doesn't mean it will certainly be greatly profitable for you neither.

adsdas

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Quote from: makemecrypto on December 05, 2019, 11:23:29 PM

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!

Of course with anyone has huge investment can have profit from Mining because it is a stable solution for long term investment, however, with someone don't have that much money, staking is a good choice, rightnow with the market situation, mining make us harder to have profit but sraking is rising and getting more attentions from investors, it is truely a good investment as long as we know about the coin well enough to invest.

Topic: Staking vs. mining altcoins - page 5. (Read 842 times)