Bitcoin Forum

PoW (Proof of Work)

PoS (Proof of Stake)

Proof of Stake protocols are gaining traction.  

What about you, personally?

Are you mining, are you staking, or are you doing both? And why?

This days I do more of staking then mining due to the high cost of mining, and since the market have been down for some time now I have decided to close down my mining farm and go into staking to cut cost.

Im staking right now and have already sold all of my rigs and then move some amounts to staking some promising coin.
My personal reason is the mining is facing a difficult situation when almost the majority of coins are getting more and more difficulty on its network and that makes my incomes was decreasing a lot.
That's why i have been decided to sell all of the rigs and then try to do more effort in trading and staking.
I like POW but i don't like how it was going so difficult to be mined by small miners like me in the past.

I did not do mining or staking, i am more prefer to trading and i do it everyday because i think trading is easy to do.
Mining need a big cost and electricity.

I told my friends that few projects are already leaving POW behind nd moving to POS for a reason that is unknown but i believe these projects devs must have a good reason for switching if not?why would they switch?

My experience with Prove of staking is easier and convenient than Prove of work to me,the reward is no doubt very low than mining PoW coins but all the same you can upgrade your POS rewards by buying more coins to add to your wallet for staking,if you have the money to build a mining farm why not consider POS instead? its more easier than POW

Actually i am into both POW and POS coins but they both have one advantage over the other,for example i have seen many projects that are still alive today all because of Prove of Work,these coins are profitable when mining and this is what keeps them alive,they have no real use cases, its almost the same for POS coins as well. So this is why i am not surprised that ETH want to start using POS as well,if its profitable enough many ETH haters will have no choice but to embrace ETH

Either mining or staking they are both good ways of earning in crypto space and they both have their advantages and disadvantages too so its all on you to chose the one that suit you very well,for me i like POW better that POS mining because i find setting up a mining rig a big headache for me especially when things start taking different turn like GPU not displaying etc

If you are talking about mining online, but don't have any mining rigs perhaps that's too risky dude.
But staking your coins are much profitable, in fact, there are some altcoins minting, even you're not
making any trade in the platform still your coins staking like KCS, Pundix and Anyone.

I prefer to mine coins for several reasons. First of all, they are bringing much more money, because POS coins are not profitable for me. Especially in todays situation, when the market is raising, mining altcoins is getting more and more attractive.

Mining seems a bit tricky to me.

I'm more into Staking and investing for the very long term. I don't have the capacity both Tech, Electricity and all that's required for mining so I will stake with the less cost of the two. Staking is more cost effective to me likewise investment.

One thing is for sure I am not mining, I can't mine, I don't have the power voltage for it I however might stake if staking is investing I will stake but with full brain storming my phobia for losses still exist

I am not mining. Due to the fall in prices mining is no longer profitable.
While staking becoming more and more popular. Why?
Because altcoins are so cheap, it is so easy, everyone could stake and it costs nothing! No energy, no mining rigs, just profit.  8)

staking because the capital needed is quite cheap, it's just that for staking of course, what makes it difficult is to find a good coin because not all coins staking is feasible, for mining at this time the conditions are not good

I think that PoS is the future for all altcoins because they can´t ensure such hash power as Bitcoin has. But it doesn´t make any sense for Bitcoin to switch from PoW to PoS.  ;)

I'm currently only staking and holding cryptocurrency.
The main coin that I stake is Steem, I get quite a good APR on that, plus it also increases my influence on the platform.

I'm just a blogger, but I've staked so much on Steem that my upvote is actually worth something by now, even with the Steem price being so low.

I'm still mining occasionally, though to a much smaller degree than I used to mine because my electrical costs have changed and it's now mostly unviable for me to mine most crypto profitably now. I've tried staking in the past, though I found mining was much more interesting than staking and profits were relatively low even though you don't need a whole lot to start staking coins as others have said here. I'd definitely start mining again if I moved to a place with a cheaper electrical rate or if I had access to cheaper electricity, though.

I have never been involved in cryptocurrency mining, but this direction is interesting to me. And maybe in the future I will mine on POS

Mine early, stake later

Due to the fact that in the near future it is planned to launch POS for Ethereum 2, I began to study this area and I liked that the POS protocol has the ability to punish those who try to sabotage the network. There is no such possibility in the POW protocol.

Huh, what does that actually mean? Most POS coins aren't actually mineable...
Pure shitpost right here as far as I'm concerned...

I think that mining will not be easy because of many factors. I do a trade because this is much more profitable. If from the risk, of course, all have a risk and we must remain vigilant. POS is also profitable but we also have to be smart to define the project.

Trading and investing are two ways to generate current and future profits. Every opportunity should be good to use because the opportunity sometimes does not come twice.

The idea of minning of coins is in degrees and loads of projects have decided to come up with the option of staking as it is less easy, consumes just a little finance compared to the normal minner that bitcoins minning rigs consume. Stakings however, have a way of giving some degree of confidence to those who have more coins staked and earning more with respect to the coins staked.

I am staking. A few different coins actually ATOM, Nuls, Algorand and a few others. I really like using this website: https://stakingrewards.com/

I stake and that is what I prefer most. It does not require much fund to get your dividend, which is unlike mining, where you would need the mining gadgets in order to to get the amount you requested for. Staking is more passive than mining and as a matter of fact, someone with a very busy schedule or who has other works offline to do, will find staking easier and much better.

for staking in my opinion right now is a good choice. because a lot of coin staking can be had at low prices and also tools for staking only require vps with low specifications.

I'm not doing stacking or mining.

To be honest the reason im not doing this because the profitable was not really worth. It's really a low profit, went we stacking or mine major crypto if you want a good profitable mining or stacking should be on the shitcoin went the project was new and their only listed on a small exchange.

My friend was a miner, based on their personal opinion & suggested from them to me. Mining was not really worth with a small right, better mine a shitcoin went we can get lucky got a good profit. The risk only wasting your resources & electric if we mine a wrong currency, yeah thats one of the risk mining a shitcoin.

Staking is the most option because it's easier to do. You don't need investment to do it. But in mining you need to invest money for mining rig. But if you have knowledge with mining and how to do it, why not do staking and save what you earn then build a rig with what you earned. That's a good option do both but need to stake first...

I prefer staking methode because it will not cost a much money but the income is little than mining. I think mining is great for the person that have money.

With what my friend's bad experience in mining, I was able realized that mining isn't really a profitable field. With high cost electricity, cost of mining rigs, other expenses it is still best to do some serious trades. Not also staking neither mining. I do prefer focusing in margin trading in bitmex, do studying forex trading before jumping into that field and a daily altcoin trader.

I earn rewards from trustlessly-run Stakenet MNs. I stake some of those rewards on their cloud hosting service to pay for the MN-hosting fees.

I was doing mining and for me, it's worth comparing with staking consider the only big players who can earn a lot of interest from the network with a big portion of the coins.
In mining, you can try to mine new promising coins that will bring your decent money and i can try to put the rigs as a guarantee in mining caused by you can sell your rig when you are thinking mining is nor profitable anymore.
When you are doing staking and the price goes lower and then you will be losing your money instantly and your interest from the network doesn't give a guarantee.

I am holding the token of company, they are giving the deviden based on the profit of their businesses related with cryptocurrencies, so i can claim my dividen in cryptocurrencies in daily, weekly or monthly. It is very simple for me because there is the real businesses related with cryptocurrencies behind the token which i am holding so i don't worry about the scam token because they have real of costumers around the world especially related with cryptocurrencies.

I am mining Pi on my Android mobile. This is my first experience about mining. So I am not so much into mining coins. Talking about staking coins, I have been staking Miracle Tele on my laptop. Staking rate is 2 Euro per 100 Tele tokens. So from my experience of mining and staking, I do not like both. I just like participating in bounty campaigns. 

No doubt POS will be the next big thing for altcoins in the near future but Prove of work will still be around for so long,the truth is POW is the fastest way to distribute supply,the more miners are mining the coin the lower the max supply gets,they are both good and worth giving a try before deciding on which one to stick with

Great site indeed, did you check out their new beta version on https://beta.stakingrewards.com? It comes with a new reward calculator, too.

I'm into Proof-of-Stake currently with 2 projects where the first requires just voting for delegates once of couple days or once a week and the second is staking with the running wallet.

I used to have both staking and mining. Now I left only staking. Mining has become economically unprofitable for me - too high costs with low profitability. So now only PoS.

I do Proof-Of-Stalking and major in trading. POS favors the whale more. In the end, if the price of the coin is not performing well, the person with a smaller amount will appear to be wasting their time. Trading still pays more when one looks at how much altcoins have suffered in the market.

I paused mining because of rising electricity costs and poor prices on exchanges. I would have considered staking but I am afraid of the ROI at the end especially now that price of coins are dipping badly. Trading is the best

As highlighted by OP, proof of stakes is gaining more popularity now. Most of the upcoming projects prefer the staking mechanisms which allows the team to share with investors the revenue made by the projects. This strategy has attracted lots of investors to projects that adopt this mechanisms because it is good to earn extra as one holds.

There is currently one coin that can be staked and mined at the same time.
QuarkChain plans to be very efficient PoW blockchain, but they understand that as relatively new coin with low hash power, the network could be abused by double spending attack. So they decided to launch hybrid PoSW consensus for a while until they have enough hash power. Smart solution, dont you think?  :)

I'm currently staking at Binance platform by simply holding the right altcoin and wait for 1month expecting to distribute the reward at the 5th of the month, last last year I'm starting to mining bitcoin and potential altcoin but this I stop to mined altcoin because of expenses and no guaranty you will get a good amount at altcoin.

Staking worths it when you hold an altcoin that you believe that will survive the competetive fight in the future.
But buying a new coins that claims to be the most profitable staking coin is a very risky move.  :) :)

Mining is not really worth it if you don't have the specific set of hardware which requires good amount of investment and timely maintenance.
Hence Staking and Trading are the only choices for people like us.

Same here mate. I have been staking on the binance platform too. Which coin are you staking ?

Yeah. As for me, I actually stopped mining years ago.

I used to mine a bit but it was very difficult to get any reward even with coins that were aimed for those with very cheap mining gear like CPU or HDD coins.

The only thing left for me is staking. I also think that new services that offer staking wallets that reward you for holding money with them are the easiest way to profit from staking especially if your investment portfolio is still small.

I prefer coins with staking. I think they are more promising than coins with mining. I plan to launch a node of one interesting project.I believe in this project. I think he is very promising.

I'm a hardcore fan of POS algorithm, I do more of staking presently.  Staking doesn't require tools and also no energy requirements like mining. Staking (especially free staking which doesn't need masternode) gives fair dividends just for holding the coin and that's cool by me. Mining is not so profitable for small miners, that's the issue.

If there is a good chance of a promising coin or token, then I'm staking. It's quite simple, but the profit is also very dependent on funds. I am not interested in mining, for me, the process is very complicated and requires qualified ability to manage it, the capital is also quite large. That is why I am more interested in cloud mining, while still doing analysis.

i don't do both now,
because in my opinion trading is more profitable mate
so, i just focused on trading rather than mining or staking  ;)

I no longer do BTC and ETH mining using the POW method, I switched to POS such as BTB and RDD, because it uses far less electricity, is more environmentally friendly and does not require mining expertise. does have some disadvantages, but that's what I can afford.

I tried both before but now I don't do both (staking / mining), because in my opinion these two things are less interesting and also haven't found a decent coin to do staking. but if in terms of cost or the like staking is certainly a good choice because the cost is very cheap.

Now I prefer staking than mining, I feel is currently difficult to get profit from mining, especially the maintenance costs are getting bigger and mining income continues to decline, I will mining again if the price of bitcoin reaches at least $ 15k or ethereum $500.

This year, I am trying to stake some coins. Staking a coin is a new thing for me, and I try with the cheap coin price to see how it looks like. But if I read on many articles, staking can give another passive income to us if we can choose the right coins. And now, there are so many coins that we can choose to stake, but it is too difficult to find the right coins.

I did not do both, but if I had to choose, I would prefer Mining. In my opinion and to my knowledge, PoW is more decentralized than PoS coins and also mining coin prices are higher than others. But I prefer to buy in the market because I do not have a large capital

What are you staking at Binance bro if you don't mind my asking. Is it Function X? I was staking Pundi X there and then airdrop was over.

The entry requirements for staking are much lower than for mining. You don't need expensive mining equipment, just hold some coins and you are good to go. And with mining you also rely on cheap energy costs to be profitable. That's why I am not mining anything at the current market situation.

For me one activity is not enough. So even that it is hard to do, I do it the same. But I noticed that in doing mining I only earn only small amount or almost break even. But still I do it together with staking because I have dreams and goals that want to achieve. I also have a regular job. I believe that I can do it all because I am fully motivated.

Currently am doing none but if asked me what had worled for me i would have gone for staking because its far profitable in the short term

Staking coins are winning the race of late and lots of attentions have shifted to these projects which offer dividends for its holders. The masternode coins offer this opportunity where an investor gain rewards for holding a certain number of the tokens for a certain period of time. Coins like DIVI, Bitrue, Smartfund, TELE etc use this strategy.

the customs of offers with functionality on service with the eth network of blockchain gives as helps on chance of investors to manage of one as referring the higher relative on nominal of results on work with the bitcoin finance.

I think I don't like both, which I think now I am more focused on getting profits in investing in ICO and one more thing I also prefer to trade. Because for me it's also a good way to make a profit.

I personally prefer staking, because to start minning requires a large enough cost. at least a compatible computer device for the minning software that will be used, and that is very expensive, coupled with the cost of electricity bills which is also quite high because the computer does not die during mining.

that's the reason why I prefer staking over minning.

I'm staking a few different coins right now.  The current price is really low and volume is also low but I'm hoping they will soar to the sky someday. 

Staking is actually easier just as creating tokens is easier than building your own Blockchain.
I think proof works need new ideas & fine tuning and not discarding it. Proof of stake can easily be centralized and there are some other disadvantages. I wonder if you guys ever consider that kyc could make staking less anonymous in the future.

Now there is a strict extrusion from the mining of all those who did not bother in time with such issues as updating equipment, finding cheap electricity and creating a financial airbag. Private miners are being destroyed, just as the market deals with hamster investors who give in to panic sales in attempts to return at least part of the money invested. This business will not bring much for the usual miner.

Join the r/staking subreddit:

https://www.reddit.com/r/staking

I would have preferred to mine or do both but mining is more involving and entails a lot so I rather stake with the little that i have on me considering the high capital that an individual needs to input in other to yield higher retuns as far as mining is involved

i heard about staking but i didnt experience what it feels like  .  i also heard about mining and i did experience doing it but only on my phone before but i never tried it on my lappy because i dont want to risk it for a few amount of coins because mining is not that good enough if use on regular gadgets but mining works the best if you will use a real miner hardware. thats what mining experts said to me once .

now I prefer to take bets and also invest in the long run. cost limitations and mining equipment that makes me unable to do that anymore, especially considering the market is bearish, the results are sufficient for the cost of returning electricity, in contrast to betting I always get profit every day from there.

Right now, as a matter of fact I do none, but if I had the resources to go ahead with any of the two, I would go ahead with POS and stake to earn from the blockchain, miming bitcoin seems to be too much stress

Be careful if you take bets because the situations will not always give you benefits. Investing will be a good idea for you as you can expecting to make a big profit in the future. That will be your choice if you want to invest in bitcoin and hold it until the price can increase. Mining will not be a good way to earn money if you don't have good hardware and your electricity fee is too high to pay. But staking can be a good way to make a nice profit yearly, but you need to choose the right coin to stake.

Staking is really taking the centre stage these days. It has brought more profit than ant other thing these days. i will stick to staking for sometime to come.

I dont think i can gain the profit anymore by mining coins in cryptocurrency.
The price of most coins are stay on the bottom right now, so i decided to staking some coins.
Some coins have masternode reward, which the reward is bigger than staking.

staking is better than mining, its cheaper
but, if you want to learn about trading, i think its better than both buddy

Mining can be both profitable or not - it depends on the country where you do it. As a result of the study, it turned out that the most expensive mining is in South Korea. Here, one Bitcoin mining will cost you $ 26,000. However, the cheapest mining in Venezuela, where you can get BTC for only $ 531. It is also worth noting that according to the results of the study, in most of the analyzed countries, mining Bitcoin turned out to be inexpedient due to high electricity prices.

I see the benefit in staking. For staking, we don't need to do anything apart from keeping the coins or tokens in project's ecosystem.
For mining, it needs more resources so kind of additional investment.
However I am not sure which gives more stable returns.

There are so many of us that has wished so many times that we could mine, but the cost is what is scaring us away, when you look at the cost of setting up and the cost of mining itself, you will see that it is an expensive thing, and that issue of electricity is another drawback.

I personally don’t like staking because I see that it is just an unnecessary way of the project tying someone money down for a particular period of time which is risky because anything could happen to the coin at that time, no matter the percentage increase they would have promised, so for me, it is either I use the staking money to invest in something physically or just put the money in bitcoin which will still be the most profitable thing in the long run no matter what the staking promised.

There is something many people excluded from Prove of Work advantages, sometimes if you start mining new project you will have many more coins in a short period of time and if you have luck the project will list on good exchange and you will be able to make big profit in short time,this is not available on POS either

I believe the combination of both staking mining and smart trading will give you more chances of becoming a successful in the cryptocurrency market.

Experience will be the benefiting factor. With your broad knowledge regarding to this industry, a combination of staking coins and trading it once in a while will give you a much higher chance to grow your portfolios. If you know the right timing when to hold and keep your coins staking inside your wallet while waiting for the value to rise, then after that trade whenever you see the opportunities to sell it up with high value. By keeping repeating the same cycle, you are increasing the numbers of your assets with  maximizing your available ways.

I am trying to mine coins, because it is slowly recovering. Back in 2018, mining was unprofitable and brought only disappointment. Staking is a great thing, but I cannot imagine people that are happy with 1-3 percent per year.

I used to do cold staking, before I switched to masternodes.

Really worth looking into cold staking projects, as it saves you a ton of electricity. Stakenet (XSN) developed the first cold staking tech on the market (And the best one I know actually, and it's been working ever since.

I switched to masternodes, because they're soon getting 3-4 more passive revenue streams from dApps, cold staking contracts, privacy transactions, lightning transaction fees, and more.

Mined some doge back in the days, but was never too profitable doing so, and my computer heated up like crazy, mining is definitely not for everyone :)

1-3 percent per year in cryptocurrency is very small, but it ok for some people because they prefer to increase their amount of cryptocurrencies in their portfolio and not risk it...

Staking mostly because I can't afford mining.

So we basically talking about those masternodes or those coins give out staking.Try to see that Minexcoin in the past where this is one of the most
popular wayback when it comes to staking but eventually this project dumped down to the floor.This is the primary disadvantage on investing to these kind of schemes yet you wouldn't know on when the dev or the community itself would leave out such project unless if its a exception one then it might last longer but most of the time they do fail.
Setting up your mining rigs and mine for yourself isn't really that easy and as said cost on building one wont really be a joke.

Good evening there everyone. And what is your approach towards investing? In my opinion, also a pretty great and bright opportunity, if you have enough opportunities

Greetings yourdano. You know, to be honest, much here depends on knowledge etc. What I would probably say, talking about investments, the process is easier with some investment firms or so that just help you to manage your funds. But that's just my opinion

Hmm, that's an interesting thought. To be honest, have never used such, but it seems that it is for sure the way for less experienced investors

I cannot say that I am aware of many solutions that are offering great possibilities here, but as I know, there is only 1 most advanced one. Guys are called Hodium and they are definitely leading the industry

Hodium? Sounds very familiar... Can you please tell me more about what they are bringing, please? For sure interested to know more

In few words, team brings its expert-level knowledge and experience of the blockchain industry and crypto asset management for those who wish to avoid risks and concerns of investing in cryptocurrencies or those who have limited knowledge and experience of investing in general. Better google them and check out the website, pretty sure that you will be impressed with what the guys are offering

The cost of electricity has never been friendly with me, so I do not mine rather I stake as well as trade. As for staking, I don't do it much, instead I stake when I think it's worth it as most can end up not being profitable, while in the case of trading, I do so everyday as I find is more worthwhile.
However, any day I change location I might consider giving mining a chance again, because if done appropriately comes with its own profit.

I like the idea of POW more than POW but I do not have the capacity to own a mining rig to start with it. With the introduction of CPU mining again with the latest projects coming, I am able to mine with my PC and get some little coins per 24 hours. I think this is a good thing even if it is not something that will fetch me much  money. When BTC started, no one believed it so I want to start with the CPU mineable coins and get to the ASIC miners.

I use stakes and trading to make a profit every month. Although the bear market greatly affects stake profits, it is a safe way for us to increase the number of coins.

I prefer PoS but I like Masternodes also. Pow was good some years ago and now it can be only profitable if 1. you have a huge mining power and 2. if you're electricity is not so expensive in your country so that's why PoW is more for the rich guys nowadays and this made me to switch to PoS and try to get some good masternodes.

If the cryptocurrency market keep staying on the bottom, i will prefer to staking than mining.
To gain profit with mining, you will need a good price of the coin you mine so you can get the profit after minus your electricity expense.

I dont do mining right now because of the price of bitcoin and other POW coins. Its not profitable given that the electricty here is very expensive. On the other hand, I prefer staking or running some masternodes over mining. Less hassle and very profitable if you pick the right coin for long term hold.

I don’t do much of ICO projects again, because I found out that it is not helping matter in increasing in bitcoin, although some are still reliable but not as much as they use to be, the best way for me to increase my coin is actually through trading as you do, I have wanted to stake coins, but the money involved in staking the coin of my interest is more like the same amount in mining.

I would have rather prefer to mine, but setting it up is even not the issue, but the cost of paying for electricity that those machines consumes is the major challenge here. Trading is still the simplest of it all, at least with as low as $100, you can continue to trade and be generating profit without much stress provided you have the knowledge about trading of the coins.

I'm currently not doing any of the two. I'm more into investment from one project to the other. I also promote bounty to receive more rewards for the future hopefully it pays off someday.

At this moment I am staking. And I am completely stop mining. There is so  reasons. One of them high cost of miming. And the profit margins are very less in mining. Because the market is too long for the bearish side. I think staking is more profitable at this moment. But if you are a huge mining setup then its absolutely fine for you to hold on it.

Since I was familiar with cryptocurrency (especially bitcoin), I didn't do staking or mining. I only focus on trading to increase my bitcoin and also following some ICOs/IEOs to get profit from the altcoin project

I am trading only without staking or mining my assets, I think both mining and staking have higher risk with lower earning and we found with lower price of our staking coins.

I only trade. That is the only way I can get a profit in this bear market. POS and POW are both unprofitable because the price of altcoins is constantly falling every day

Now, staking of coins has become a new strategy adopted by most of the projects to attract investors because every investor has the interest to hold and earn from the holding periodically. The cost for setting up the mining machinery such as the ASICs is quite huge hence investors prefer the Proof of Staking now to the Proof of Mining. Anyway, there are some projects which allows cloud mining however, there are numerous fake ones out there.
DIVI masternode cloud mining is a very good one to use by any investor.

I have stopped mining long ago because of the lack of mining equipment as well as the crypto laws here in our local. It also cost a lot. I had done CPU and GPU mining. However, right now I'm only staking some coins, specially DeepOnion for a long time since I had invested heavily into it, staking rewards are getting me closer to my BEP, since you know I had invested on it when price per unit was $2, which is now $0.21

It depends on which coin you're staking with. Both of them need a capital but they work differently, both of them are more profitable when the market is green; they both also have advantages and disadvantages. The biggest disadvantage of mining is the maintenance and power cost instability. On the other hand, staking's biggest disadvantage is the market instability (riskier than power instability for me) in which you can't control nor predict. Once the market has fallen, it's a hard choice wether you sell to avoid further loss or you will just hold instead, no matter how long it would take in order to recover your losses.

Most of the cases, I used to choose a POS-based coin because there is no need for any mining hardware in order to mature the coin. Which we might get more than 5% on a yearly basis, which is really very good sign for the people who are holding POS coins. For mining coins, we need to invest a higher amount on hardware equipment.

Unfortunately, I have not involved in both staking or mining. I have bad experience with mining. I once mined electroneum on my Android mobile, and got some 300 electronium tokens. But when my mobile got formatted, I lost all of my coins. After that I did not mine any coins.

Yes I am staking. A lots of token. At this moment I am staking some exchange token, a great amount of Vite and vx and some eos based token. I am not into mining now cause mining rigs are too much expensive plus less profitable in bear market.

What kind of coins do you hold? I'm quite curious about that, I might be interested to hold it too.
for now, I don't hold POS coins, or do mining right now, because I might believe that trading has a faster profit, besides that I also have other ways to make money from crypto.

besides, POS coins do need to hold a lot of coins in order to be able to produce good amounts. while for mining, it might require extra attention in terms of management. Well, I can say that I'm very bad at mining.

Of course, Staking (PoS). Because the Proof of Work mechanism is much more laborious. To do this, you need have powerful CPUs and GPUs. In addition, POW consumes a lot of electricity and pollutes the environment.
So I can clearly say that I never used PoW, but I do use PoS. Because I don't think POW is sustainable in the long run but PoS is.
This is means Bitcoin mining does not seem sustainable in the long-term.

I think staking is more lucrative system than pow. The devices we use for mining are very sensitive and can be old very quickly.

I prefer the Proof of Stake consensus mechanism to Proof of Work due to the easy to use nature of PoS. The expenses made to set up a PoW network is higher than that of PoS. Most of it all there are numerous staking platforms like Flitsapp, Trittium etc. and all these platforms further make running a masternode very easy than mining cryptocurrencies.

I did not do both because I think staking and mining are currently not so good, especially many projects that do both of those things and end up failing, but many people recommend staking because the capital we need is quite cheap and promising if we get a coin that can be staking and still fresh because if staking on an old coin I think this is not too profitable.

I have a friend who do both and he makes quite a good profit, because he lives in area where the cost of energy is friendly. But in my case, the cost of mining is huge owing to electricity so I do more of staking when the project is proved to be legit. Also, in terms of staking we should be careful though as most projects can use it as a cover to do their worst.

But how he can get the electricity for cheap price? It is not possible in any country unless you  steal the electricity. There are some companies providing direct service mining like they do everything and only we need to buy the ASIC for them.
However I like the staking alone as the good option.

At this rate, one would know that mining is really as profitable as it use to be. First off, getting the devices for mining is not so easy, and might be quite expensive in some cases. And the risk of losing all of your mined coins if your device gets corrupted, stolen or misplaced. It is just one risk I cannot afford to take, so I would rather stake, as this is more profitable than mining.

Definitely Proof of Stake, it is easy to use. It significantly reduces energy consumption and does not require such high computing power, gradually all cryptocurrencies will switch to an undeveloped model.

Mining will be more yielding than risking. I agree when many projects fail and risking will only be a waste of time.

However, I have difficulty in mining. So I prefer to directly make trades every day. Risking still I do because with a project like IEO now, I'm sure that can make a profit.

I actually do not like mining as it requires enough capital and electricity to run one but i mine through third parties and earn little profits

For the time being, i have a stake in some altcoins that can provide me with profit, because mining requires a significant amount of money. In the future if bitcoin to the moon and i have money, i will do mining activities to get more profit

POS is gaining the heart of most old altcoins as they are leaving POW behind and switching to POS, Ethereum is warming up for its POS implementation too i guess many are tired of mining, i prefer POS because its easy to start earning rewards without worries of electricity fees

Prove of stake coins are better and easier than prove of work coins in few areas like troubleshooting rigs, cost of electricity and space that mining rigs contains, with POS all you need is your wallet and internet connection but Prove of work has few advantages as well

it's easy to be used and it doesn't need a lot of maintenance cost but it offers more risks compared with mining consider about your money totally depends on the price of the token itself. Im doing staking and mining right now and it looks like for me mining gives more guarantee rather than staking. staking is a very good thing when you are having a lot of money and it's too difficult to move into another crypto.
In this case, even mining needs a lot of maintenance costs but it looks safer.