Is it possible to earn solid passive income with PoS coins?

[Sjonsjonsma]

Hi all,

So there are a lot of PoS coins out there and I was wondering if it is worthwile to buy a lot of those coins and just stake them and get a nice passive income. My question is if people are doing this already and what are the rewards so far? Or do you need to invest a lot of money before you get some good rewards?

Thanx in advance for answering!

[左]

It depends a lot on the coin.
As long as you stake enough coins, which are worth a significant amount of btc already, then it could be worth your while.

[ibuddy122505]

My simple answer must be. If you're though earning solid passive income with PoS coins, then looking at projects that have payout models like PoS(proof of stake) Coins like Neo, Qtum, ARK, OMG, ETH, BTC, are all solid projects. The smart ones will see it as an opportunity. But, my suggestion invests exactly what that you afford to lose.

[Haunebu]

Totally possible. I see people earning a lot of btc through staking their pos coins a lot. Embercoin is one of my personal favorites. DeepOnion is good for staking also according to me.

[lakimens]

You'd need a huge amount for that, with 2000 ONIONS, I was earning about half an ONION per mine, say that happens 20 times in 24hours. That's 10 ONIONS.
10 ONIONS at $1 is $10. Not a lot of money, but you could survive on it.

[psiksenz]

It will be difficult to get a coin now that you can live on, what you would be doing is buying into the coins you think will do well in the future.  For instance, that $10 a day worth of onions could be worth $100 or $1000 in the future.  People who are invested in coins with decent tech now are going to be very happy in a years time!

[NoiseBoy]

Most POS coins only pay enough to justify staking for passively-held coins that you primarily own in the first place not for staking, but for assumed future appreciation.

For example, when ETH moves to POS, the current plan is to yield ~3%/year on your staked amount. If the price of ETH stays completely steady, you'd only be making 3%, barely enough to beat inflation, roughly what a money market account yields. So you wouldn't buy ETH to make money through staking; rather, you'd stake ETH that you bought because you think its price will go up and you want to put your money to work while you wait for the price to increase.

Yes, other coins offer greater than 3%, but I'd argue they're compensating for higher risk of their respective coins failing to go up in value.