Bitcoin Forum

is there any difference, are they one and the same? ???

to tell the truth, i don't know for sure but if i m not mistaken mining is more expensive, there are whole cities of miners who spend much time and efforts for coins , i think that it is worth it and means that soon governments will soon accept it

I have no idea what is the difference and would be glad to find out this as well, i have heard only about mininig but it is too expensive now which means that it is not effective to use this method if only you aren't a rich man

Staking is also mining. The better question is about the difference between PoW (proof of work) and PoS (proof of stake).
Shortly, for PoW you do complicated calculations with a machine (ASIC, FPGA, GPU, CPU, ..)  and for PoS you just keep as many coins as possible in a wallet that's running all the time.
There are many articles on the internet about this, now as you know better what to look for, you better search a little and see how others answered to this question (https://www.google.com/search?q=pow+vs+pos).

So basically, staking uses little resources when compared to mining so this means less electricity consumption and no need for extra machines to participate in staking.

Using the Proof of Stake (Pos) algorithm that is the basis of many new cryptocurrencies, staking involves the purchase of cryptocoins and holding them in a wallet for a particular period of time.

Mining requires technical know-how as well as computational power so as to solve the algorithmic puzzles involved in blockchain networks.

I think there is no difference because the stake is included in the mining process. Many people have answered questions like this and it would be better if we find out the right answer from the question above because everyone has their own opinions.

The question is not relevant, it looks like you need to read to better understand, you only need to do a search on Google.
the difference between installation and mining?
What do you want to install?
What do you want to do to mine?
if you ask whether Bitcoin mining? maybe I can answer from some definition articles (https://www.investopedia.com/terms/b/bitcoin-mining.asp).

Maybe staking is something just like holding a token / currency that will get dividend in a period of time.
And mining, you should have a rig to do this and get the rest bitcoin available supply

Well, actually staking is mining too, but using a different method. If you are mining with devices such as ASICs or GPUs or CPUs, then you mining with Proof of Work (PoW Mining). If you staking, then you are mining with Proof of Stake (PoS Mining). Although they both mining, but there are some differences on them, not same.

I agree with you, when people question something (the difference about mining) actually we often find a different opinion in conveying. It happens because of the point of view or understanding. But that is not a problem, and can be explained. Thanks.

another thing to consider about the difference between the two is with examples. when a mineable PoW coin is released even if the developer premines the coin, he still has to invest in the mining equipment if he wants to make more profit on his coins and "do work" for it.
but when a staking PoS coin is released and the developer premines it, he simply sits back and relax and does basically NOTHING but gets paid for "doing no work". and that is one of the biggest flaws in PoS in my opinion which is the same as the rich gets richer for only being rich.

I think to my own best knowledge in crypto,  I think the best way to explain this is by saying that:

Staking is by loaning a particular digits or amount of a coin in a project for a defined dividend or percentage in (a week, month year) for profits. The rule will be set by the organizers that this is the percentage we'll be giving on a particular amount of coin one put into stake.

While mining is just by a way of saying one is mining bitcoin.

This is a great answer, but I'd like to add more specifics. Most likely, the op was indeed asking about proof of work and proof of stake. Proof of work or what we generally associate mining with is a way to generate new coins by solving mathematical tasks. For the process to be efficient, one needs special equipment and a lot of electricity nowadays (even though there are exceptions). Proof of stake is similar to deposit earnings in banks. You hold coins for some time and get regular additional coins for doing it. No need for equipment and electricity, but a less decentralised system, I guess.

yes, staking like passive income in mining by holding coins. for example, I hold a coin in my wallet, and I can get a 90% profit from the coin that I hold.

staking is easier and simpler than mining with hardware.

both have the same function to mine crypto, but the method is different.

mining relies on hardware, and good hardware will get crypto that is fast and very profitable.

but staking is very easy from mining. and very long to get profit.

From my own perspective, mining and staking seems to be the same thing . The difference is that while miners spend time , using mining equipments to mine Bitcoin, in staking all you need to do is stake your coins, like lending your coins to miners , they use the coins to buy one or two hardwares alternatively pay for power consumption for mining and at the end of the deal......you get paid in commensurate to the amount of coins you staked.

the function of each one is the same, staking is easier than the one, just you need to full fill your task what ever they give you and wait for a time to distribute, you do not need a rig and it is called (pow mining) which is used by (cpu, gpu, etc) this one need profit to setting a hardware to use. This two is the same minning but in deffirent ways.

staking is usually applied to coins with POS algorithms, an example of a coin with this popular staking algorithm is DASH, you must have 1000 Dash to be able to become a staking participant of the Dash and get passive annual income

mining is another term from the POW algorithm (Proof Of Work), where you have to have computer components with good specifications to be able to do this mining, especially VGA Cards. Examples of coins that use the POW algorithm are Ethereum, Bitcoin and Electroneum.
Especially for electroneum, you can do mining using a smartphone

The difference between staking & mining is that, when you say staking it means you taking the risks/gamble  in a certain situation or money or something with value while mining means obtaining units of cryptocurrency by running a computer process to solve a specific problem or to make it simple, you it faster than anyone else.

I think that stacking and mining have a lot in common, but stakin refers specifically to the PoS algorithm. Mining is a more comprehensive concept.

In PoW (mining) you earn coins by doing math computations.
In PoS (holding) you earn coins by keeping them in your wallet.

Of course, keeping coins in a wallet consumes less resources than doing math. They also act as nodes and use bandwidth and storage for their blockchain. But to stake coins they need to exist right? And to make them exist...

They are both same, one of the ways of mining cryptocurrency.
Mining with Proof of Work (PoW) is using mining rig and mining software, you will gain coin by mining according how advance is your mining rig.
While mining with Proof of Stake (PoS) is called staking, mining using coin you have. You will gain coin depending how much you have when you staking.
There are another ways of mining too, such as DPoS, etc.

Both in PoW and PoS,there's a difficulty/problem to be solved to create a new block and whoever solves this equation will be rewarded with the Block reward.
In PoW coins,
This difficulty equation is solved by machines with high computational power such as ASICs. i.e; More ASICs= More computational power
More the computational power=easier to solve the difficulty.

In PoS coins
This Difficulty equation is solved by those with more stake(coins) in the network. i.e. More coins = more computational power.
Hence it does not depend on external factors like expensive mining equipments but on the number of coins held by stakeholder.

I would say tha staking is the amount of coins of cryptocurrency that remains in your wallet for a period of time to receive certain dividend and i have little or less information about mining and how it works I wouldn't love to learn more from this platform thanks

What i know, staking is mining with your coins. What you gain, will depends on the amount of coins you own.
Mining with mining equipment like asic won't depends on how much coin you have.
I think that is the different of staking and mining. I prefer staking because you don't have to buy mining equipment.

Mining requires doing work (i.e. using electricity to power machines that perform the proof of work) to produce blocks and earn coins. Staking generally requires those that are staking to lock up their coins for some period of time (i.e. can't spend the coins) for a staker to have a chance of being selected to produce a block and collect the block reward.

Staking is one of the way for mining cryptocurrency. You are providing the Network support to find more blocks and at a faster rate! You need coins in your wallet and that helps to verify and confirm more blocks in the blockchain network of the coin. Staking is as easy as sending your computer wallet any amount of Coin and clicking “Unlock Wallet” while,

Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. It is also the process of adding transaction records to Bitcoin's public ledger of past transactions (and a "mining rig" is a colloquial metaphor for a single computer system that performs the necessary computations for "mining". This ledger of past transactions is called the block chain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the blockchain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Staking means you don't need asics or gpus to calculate algorithms and get coins. Instead you leave your wallet online and get coins based on how fat your wallet is

Let's start from the basics, and that's where mining invests and what staking are investing. When mining, they invest money into their own computer or hardware. If he invests in a good hardware, he brings him a big profit. While the one who plans to patience what he needs is the initial investment, the amount of money he enters is proportional to his profit.
Stack is very easy for most people to work, just need money and little experience, recognize when it's a good time to raise money or when you think everything is going to ruin. While mining is more complicated and can not be done by anyone, you must have experience first of all around the computer and how mining works, but if you know it well you will profit, the components in that hardware you invested the same are proportional to the gain, that is, when you mining then spoil these components. There are a lot of differences, but these are some of the most obvious, they have a lot of similarities, for example, with the same coin bitcoin (most people).

The question should be the difference between PoS (Proof-of-Stake) and PoW (Proof-of-Work). There are many answers on google. To make it short and easy to understand, PoS is way cheaper compared to PoW, and it is more scalable and faster compared to PoW. Both protocols generates new coin, just in a different manner. Proof-of-Stake requires ownership of a number of coins that is a basis for creating new block and the reward that the owner will get from the generated block. Proof-of-Work requires computing power in order to generate new block.

PoS is way profitable, and scalable compared to PoW and it is also faster. This is the reason why many new generation blockchain use PoS. It is also the reason why Ethereum is migrating to PoS.

PoS is also a system for validating transactions, so the purpose is the same as the PoW, but the result is obtained in a different way. Proof-of-Stake is executed by miners who put a number of their coins on a block to check transaction .

At first When  Bitcoin was introduced to the world there were three ways to get them  we could buy Bitcoin or someone have to give us or could get by mining The mining creates new coins and release them to the block chain .Staking involves the purchase of cryptocoins and holding them in a wallet for a period of time This is akin to a fixed deposit proof of stake also rewards you with extra coins by holding your coins will increase in number depending on how long you hold them in the wallet . Mining requires technical know how as well as computational power to solve the puzzles .

Staking
Staking is purchasing the crypotcoins and holding them in the wallet for a specific period. It uses the Proof of Stake algorithm, which is the basis of many cryptocurrencies. Similar to the fixed deposit in non-digital currency, PoS rewards one with additional coins.

Mining
Mining is a process in which transactions are verified. For mining, you need to know the technical know-how and computational power to solve the algorithm puzzles of the blockchain networks. To make the mining easier, there is a chance of mining solo or joining a pool.   

Staking is like adding more coins into your assets and it's like holding some coins. For mining, is you mine some coins like bitcoin, ethereum and other altcoins using a mining rig or vga or something like that to get a coin/token. Yeah it's different.

The is no clear demarcation between the two both mining and stake are all embodied in one process, but one should draw a slim line between them I will say mining is the totality of the process while stake is one process in the whole mining industry.

i dont know the different as i know that staking is part of the mining, so i think the staking and mining is the same things. for me, please somebody correct me if i wrong

Staking requires less electricity to none at all but you have to hold some percentage of the staking coin to get some rewards ,stake coins are of different types ,some will stake online all you have to do is on your pc ,that's it ,no heat generating and some other stake coins will still stake offline

Mining requires lots of electricity energy ,you have to build mining pc or buy mining rigs which is costly and time consuming too,we have many different types of coins running on mining algos from scrypt to sha256 ,from cryptonight to ethash etc you will have to plug the mining rig using electricity 24/7 to gain profits daily and mining can't work offline

mining is derived from algorithm  and hardware power whereas staking is to stake coins in the wallet staking is called pos and mining is called pow

I do not have any idea about staking but I have a little knowledge about mining. If I'm not mistaken mining consumes a large amount of electricity because you need to open your personal computer for maybe almost 24 hrs. I think that staking is the opposite of mining but I'm not quite sure.

Mining usually requires the users to do work (in BTC mining's case, you need to have mining cards/GPUs and electricity) to produce blocks and then earn coins via that. Example of coins that you can mine would be ETH, some ERC-20 tokens, XRP, BTC predominantly.

Staking, on the other hand, doesn't require you to use your computer or your electricity, it just requires you to have some coins that in turn you would lock up (stake) and then the more coins you have staked, the bigger chance of producing blocks and collecting the block reward.

Staking is similar to mining in that you get a distribution based on the age of your coins( the length you have been staking for) and the number of coins you hold. Sometimes it gets difficult to stake so you will need more coins to keep up with the rest of the stakers just like how you need to increase mining power buy buying more rigs.

I like staking because you do not have to maintain an expensive mining rig and use electricity as well. Masternodes are great to but that is a lesson for another day.

No this isn't true. Mining cost way more depending on the coin that you are planning to stake at, some coins require even upmost $10k value of coins in minimum to be staked, there are some that are way cheaper but not all of them cheaper than starting a mining business.

Mining involves the extra cost like you will have to buy the hardware, the cost of electricity , equipment's and all such things.

Staking on the other hand is also expensive but you have to buy certain amount of coins and then stored permanently in your wallet and you get stakes for the storing the coins and be online.  The good thing about staking is that whenever you decide to quit you can just sell all the coins and get your amount back provided the value of the coin remains same or increased your buying price.

 
I am looking stake the coins but as you said we need to first buy the particular coin in big quantity in order to stake it and get reasonable passive income.

Do you know any coin which is best to stake  and can give good return on investment ?

Well if we are comparing costs, staking is usually cheaper. When you mine a coin, you'd need (rough estimate) around 1,000 dollars of mining/computer equipment to make it work, this isn't even factoring the cost of electricity, which is quite a lot in some places.

Sure, staking your coins might cost more than mining in some cases, but when you stake coins, after a certain period of time you'll always get the coins back, which is unlike mining equipment which you can probably not resell for face value.

I much prefer staking.

The different between staking and mining is pretty simple and it is the cost. The cost of mining is a lot because you need to buy a lot of expensive equipment and you also need to maintain and pay for more expensive electricity bill every month and after those expenses that is only the time you will get your net profit while staking is just simply buying a cryptocurrency that is POS and then keeping it on the wallet that support its staking and that is how you are going to get reward or profit.

In my opinion, staking is more practical because it will cost you less compare to mining and staking is not hard to maintain because you just need to make sure that your wallet is up to date to make sure that you will not miss any rewards.

Mining is the process where transactions of cryptocurrency also known as blocks are being added in the blockchain, and there is an award of a certain bitcoin number per blocked, that is how you earn bitcoins or other cryptocurrency in Mining. Staking comes after mining, when you are holding a coin,  you could validate new transactions depends on how many coins you are holding.

The more altcoins or bitcoin that a miner have, the more mining power he have, according to what I've read.

Personal (general) computers are no longer suited for mining. You need special custom designed chips to perform that specific type of computation faster than a general computer would, the so called ASIC, which also happens to made the computation several orders of magnitude more efficient (ie. produce more results per watt).

So while yes, you leave computers running 24/7, but not "personal" computers, those "mining" computers were specially designed for that purpose and are industrial type machines which are (usually) unsuited for the home due to power requirements and noise generation from its powerful fans needed to keep it cool during operation.

Only in the very beginning (because there were not specific ASICs designed for this purpose) was mining performed on "personal" computers, it quickly went to GPUs, FPGAs, and finally, ASICs. What drove this development was also the potential profit in mining, which was the highest in the beginning, slowing logarithmic-ally in as time passed.

It all worked as intended, for Bitcoin anyway. The altcoins and their experiments? To be seen. Staking is not mining, its just a form of interest earning. An incentive for you to leave nodes running 24/7 with frozen coins in them.

I don't know what you mean by risking but I know a little about the word miners that miners can say that you certainly have to have lots of money to buy mining equipment to mine bitcoin or other coins, I also think I want to mine coins but unfortunately I don't have a lot of money to buy mining equipment that is quite expensive.

The coin that I know will give a good return is DASH. But to stake DASH, you need a large amount of money, and that will require a long time before you can get your profit. But that is worth to try as we know DASH price still increase and it will grow and back to the high price in the future. But maybe you can check on this page to see which coin you can choose:

https://gocryptowise.com/10-best-proof-of-stake-coins-of-2019/
https://poslist.org/

Staking and mining is different way but have one goal for earning with altcoin, staking like put your some altcoin in exchange wallet with duration time about one month and you will received any percent depend on how much your coin staking or holding in exchange market, staking coin could be ripple, or bittorent.

Staking put your altcoin like XLM, BTT and KCS on exchange market have support for staking for one month and earn several percent depend on how allocation for the exchange market, at the end of month your will received coin from your staking. Mining is way how to earn altcoin by use some mining tools and every day you have ready electric, internet to get mining access and earn with altcoin you make mining.

If you study the concept of mining nowadays the cost  electricity is being added to be considered. If you are residing to where electricity is costly your profits will be much lessen. Being wise and practical, if you are able to find good staking project you can use your money to buy and store coin inside your wallet and allow the coin itself to accumulate rewards. All those money that you will going to invest with mining equipment also can be switch to staking coins. 

You don't mine btc with GPU's only erc20 tokens. Eth is a erc20 token not a coin. You do not produce blocks through mining. Mining is like the lottoa but to increase your change of winning you can increase your hashrate. This is why people no longer solo mine and mine in pools because if you solo mine you make never solve the block first and never get those 25 btc.

staking, you just put your coin on wallet and than system will give you coin. more coin you invest, more profit you earn. but you must stay online like mining.
mining need more power, and energy to get crypto. it can take long time for a month to get that coin.
cmiiw

In terms of the two are almost the same: earn coins or tokens while you sleep, meaning that your tokens or coins will continue to increase automatically with certain terms and conditions. The difference is that mining: the power of work, requires mining equipment, electricity costs, internet costs, and maintenance costs. While staking: the power of stake, only requires initial capital as an initial reference for the addition of tokens or coins according to a predetermined percentage.  Staking looks almost similar to cloud mining, but the speed of earn tokens or coins from cloud mining depends on the service chosen in accordance with the desired speed, while staking is very dependent on the number of tokens or coins staking with a percentage referring to it.

Mining requires doing work to produce blocks and earn coins and staking is very similar to mining but you really do not need any mining equipment

thanks

So if I understood well, staking is easier and biased as compared to mining?

Mining and staking have different way with earn some altcoin, Mining is the way you earn altcoin by using mining tools, you need prepare mining tool and higher electric to support your mining, every day you will earn which one altcoin to mining, about staking is save your altcoin have support for staking in exchange market with duration time about one month, without reached one month you can't get staking coin reward.

For my understanding the difference between the to is that in physical , mining needs hardware while staking tou need a wallet that will sync with the server, if you see there is also some simillarity, but different result, in mining you gain part of the token for lending your machine without any token unlike staking that youll need a certain amount just ro stake, at the same time its a risky investment since in my experience every staking coin vanish

Simple explanation like this can bring good hints to anyone who's seeking for much easy to understand information. Both have their own risk as you don't know the next value of the coin you are working with, But if you have plenty of time to review everything then it's easy for you to analyze and to choose which particular place to invest your money.

Let's be specific

Mining - by using a mining tool, you will earn by mining blocks, without needing to invest you can earn daily.

Staking - by investing, for example to a certain coin which is staking is applicable, it will take days up to months before receiving your earnings.

There is something wrong with your question. I guess you should change it to "what are the 2 kinds of mining a cryptocurrency and its differences?" The two kinds of mining activity are 1. proof-of-stake and 2. proof-of-work. Proof-of-stake according to  refers to  the mining activity that a person can mine or validate block transactions according to how many coins he or she holds. This means that the more Bitcoin or altcoin owned by a miner, the more mining power he or she has.Proof-of-work is a mining activity wherein the probability of mining a block depends on the work done by the miner.

In short the difference between POS and POW lies on how it validate block transactions. POS relies on your stake coins or the balance you hold being placed at stake and POW lies on the capacity of your hardware to find a block.

There are big differences between those two. In my own opinion, I think staking is where you are joining on some bounty campaigns and that is where you can get stakes because you are joining there to support the project and then they will give you some incentives by staking but in reality that is money you could get. While in mining you have to get some high specs of videocard for you to be able to get higher amount of money. I tried mining before but I am paying too much for the current and the money I earn is not enough.

Staking is another word for minting, and minting is also part of mining, when a new block is hashed for the first time in the Bitcoin network it triggers a minting of new coins. Minting only refers to new coins coming into existence. the way coins are minted in this protocol does not require mining, rather staking.

The basic difference is that one requires Proof of Work, which is mining. and the other Proof of Stake which is the staking. both are different means to the same end, securing the block-chain and distributing newly minted tokens in a decentralized way.