Topic: Staking vs. mining altcoins - page 7. (Read 836 times)
IMO staking can still make a profit (if the staking coins are large) and only need a VPS to run 24/7. I want to staking a few coins that i think have enormous potential and buy a VPS that has a discount to be cheap
Staking is more dangerous than mining.
1. A staked coin must have gains before they can share payout to stakers
2. Some of these projects don't have liquidity, they don't have utility to fuel their prices up.
3. You purchase these tokens before staking them, their prices could dump heavily during your staking period leading to loss even when you don't get anything at the end
Take COSS for instance, if the exchange doesn't make any returns, they won't share anything if the returns are too poor the payout won't be of any good.
1. A staked coin must have gains before they can share payout to stakers
2. Some of these projects don't have liquidity, they don't have utility to fuel their prices up.
3. You purchase these tokens before staking them, their prices could dump heavily during your staking period leading to loss even when you don't get anything at the end
Take COSS for instance, if the exchange doesn't make any returns, they won't share anything if the returns are too poor the payout won't be of any good.
This should be the best site for you http://stakingrewards.com/
Just put my choices to the ALGORAND, TEZOS, DECRED, and ATOM. but for me, algorand looks a very good option at this moment consider its liquidity and annual return.
Mining is nog profitable again as so many miners have been migrating to the altcoin.
Maybe mining was profitable before litecoin and bitcoin got halving but as more and more major crypto gets halving and that forced the miners from those coins migrate to the altcoin and that makes difficulty becomes very hard.
Just put my choices to the ALGORAND, TEZOS, DECRED, and ATOM. but for me, algorand looks a very good option at this moment consider its liquidity and annual return.
Mining is nog profitable again as so many miners have been migrating to the altcoin.
Maybe mining was profitable before litecoin and bitcoin got halving but as more and more major crypto gets halving and that forced the miners from those coins migrate to the altcoin and that makes difficulty becomes very hard.
staking is also not that simple as it looks like
you need to invest in the coins itself as each and every coin has there bare minimum balance required to start staking
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
for this you can use raspberry pi as the power consumption will be very nominal
dpos coins does not need a system which is 24 7 online and once you vote delegates
you will receive your fair share over time which will keep on accumulating
also check and research about masternode coins
also a passive way to earn crypto
you need to invest in the coins itself as each and every coin has there bare minimum balance required to start staking
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
for this you can use raspberry pi as the power consumption will be very nominal
dpos coins does not need a system which is 24 7 online and once you vote delegates
you will receive your fair share over time which will keep on accumulating
also check and research about masternode coins
also a passive way to earn crypto
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!
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