How to make money from staking?

[Zakhal]

I don't really understand the business model of  this coin. How they can make money this way ?   It's like a mining pool where I rent some hardware for mining... But if it was that profitable why they don't do it themselves ?   Seems to good to be true and I can't understand the economic reasoning behind...

Facility is not completely finished yet. The token allows anyone to rent computing power anonymously. Accelerator Network profits from the token itself, they use the profits to expand the facility:

Accelerator Network earns ACC tokens to process compute orders.

50% WILL BE SPENT ON GROWTH
This includes hardware, servers, land, and building space.

30% WILL BE SPENT ON DAILY EXPENSES AND LABOR COSTS
This includes power, utilities, mortgages, labor costs, and all other unforeseen expenses.

10% WILL BE SPENT ON THE DEVELOPMENT TEAM
In addition to the 20% stake allocated at launch, a 10% commission will be paid to the development team.

10% WILL BE SPENT ON MARKETING
Ad campaigns will be financed and a creative agency will be retained to boost awareness and brand image.

https://accelerator.network/#token

The renting has been going on for months now, so if it was not profitable I would not expect them to continue it. You can see the public orders here:
https://app.accelerator.network/public_orders

Mining is so popular that waiting queus can grow to last for weeks. They expand the capacity continiously though and if you pay extra you can skip the queus. Plan is to add 3000% more until the end of the year. In the end they will want their supercomputer to be used to purposes beyond mining like science and modelling. For that they need to build customer base and brand name.

Accelerator Network is not the only one doing this, its just the first to actually have a running service. There are others like Gigawatt, Terraminer etc.

[dvabit]

I don't really understand the business model of  this coin. How they can make money this way ?   It's like a mining pool where I rent some hardware for mining... But if it was that profitable why they don't do it themselves ?   Seems to good to be true and I can't understand the economic reasoning behind...

Facility is not completely finished yet. The token allows anyone to rent computing power anonymously. Accelerator Network profits from the token itself, they use the profits to expand the facility:

Accelerator Network earns ACC tokens to process compute orders.

50% WILL BE SPENT ON GROWTH
This includes hardware, servers, land, and building space.

30% WILL BE SPENT ON DAILY EXPENSES AND LABOR COSTS
This includes power, utilities, mortgages, labor costs, and all other unforeseen expenses.

10% WILL BE SPENT ON THE DEVELOPMENT TEAM
In addition to the 20% stake allocated at launch, a 10% commission will be paid to the development team.

10% WILL BE SPENT ON MARKETING
Ad campaigns will be financed and a creative agency will be retained to boost awareness and brand image.

https://accelerator.network/#token

The renting has been going on for months now, so if it was not profitable I would not expect them to continue it. You can see the public orders here:
https://app.accelerator.network/public_orders

Mining is so popular that waiting queus can grow to last for weeks. They expand the capacity continiously though and if you pay extra you can skip the queus. Plan is to add 3000% more until the end of the year. In the end they will want their supercomputer to be used to purposes beyond mining like science and modelling. For that they need to build customer base and brand name.

Accelerator Network is not the only one doing this, its just the first to actually have a running service. There are others like Gigawatt, Terraminer etc.

Ok let's supposed i want to give my PC on rent, than what about my computer privacy?

[Zakhal]

Ok let's supposed i want to give my PC on rent, than what about my computer privacy?

You got it wrong. You dont rent your own PC. You rent computing power from the Accelerator Network with the tokens you buy/stake. Accelerator aims to be a physical mining facility like Hive Blockchain or Genesis mining. Big facility with lots of hardware.

Here is a video that hopefully explains Accelerator better:

https://www.youtube.com/watch?v=3u0_KruZ6jU&feature=youtu.be

[slaman29]

Careful when you ask questions like these. You're going to get a lot of crap suggestions, so check out coins with PoS (proof-of-stake) algorithms on your own before making any decisions.

By the way you don't precisely make money from staking. Staking is just a different form of securing the network (or mining if you will) - so you generate more coins from staking your own, without needing expensive hardware to do so. So you make more coins, not necessarily more money. PoS has their own problems, but for now works because it lets everyone do it.

Seems you have good experience with staking. I purchased around 10 bitcoins in 2013 when the price was appr. $100/btc. So i missed the opportunity to make extra money from staking?

i'm confusing about pos? it's proof of stakes or point of server where we offer our machine to miners?

Not really. I did experiment with a LOT of staking coins using a service called PosWallet. I had maybe 50 different coins staking all together (you give them your coins to stake and they keep a percentage of it), I couldn't possibly open 50 different wallets to stake. Either my computer would crash or each wallet would take too much time to maintain and sync.

Bitcoin is a proof-of-work (PoW) coin so you need hardware to mine (secure the network). Just look up PoS coins, these are the ones you could stake. Again, not necessarily earn money. Staking just generates more coins. If those coins keep decreasing in value, then you don't make any money!

[bananadines]

After reading this article,  i am just wondering that i can make some extra money from my existing coin in my wallet.

http://www.hashtaginvesting.com/blog/what-is-crypto-staking


Guys, do you know which coins has staking facility ACTUALLY?

Accelerator Network has a stakig facility and it is one of the lowcap coins that are still under the radar! The marketcap is still very low and there is a lot of room to grow up in the next weeks!

[dvabit]

After reading this article,  i am just wondering that i can make some extra money from my existing coin in my wallet.

http://www.hashtaginvesting.com/blog/what-is-crypto-staking


Guys, do you know which coins has staking facility ACTUALLY?

Accelerator Network has a stakig facility and it is one of the lowcap coins that are still under the radar! The marketcap is still very low and there is a lot of room to grow up in the next weeks!

It seems Accelerator Network is a big player in staking.

[dvabit]

Ok let's supposed i want to give my PC on rent, than what about my computer privacy?

You got it wrong. You dont rent your own PC. You rent computing power from the Accelerator Network with the tokens you buy/stake. Accelerator aims to be a physical mining facility like Hive Blockchain or Genesis mining. Big facility with lots of hardware.

Here is a video that hopefully explains Accelerator better:

https://www.youtube.com/watch?v=3u0_KruZ6jU&feature=youtu.be

Video is all about Accelerator Network but i want to understand the basic of staking..

[Zakhal]

Ok let's supposed i want to give my PC on rent, than what about my computer privacy?

You got it wrong. You dont rent your own PC. You rent computing power from the Accelerator Network with the tokens you buy/stake. Accelerator aims to be a physical mining facility like Hive Blockchain or Genesis mining. Big facility with lots of hardware.

Here is a video that hopefully explains Accelerator better:

https://www.youtube.com/watch?v=3u0_KruZ6jU&feature=youtu.be

Video is all about Accelerator Network but i want to understand the basic of staking..

Ok here is a guide on how to stake:
https://steemit.com/acceleratortokens/@onlinedoit/how-to-mine-accelerator-tokens-acc

[dvabit]

Ok let's supposed i want to give my PC on rent, than what about my computer privacy?

You got it wrong. You dont rent your own PC. You rent computing power from the Accelerator Network with the tokens you buy/stake. Accelerator aims to be a physical mining facility like Hive Blockchain or Genesis mining. Big facility with lots of hardware.

Here is a video that hopefully explains Accelerator better:

https://www.youtube.com/watch?v=3u0_KruZ6jU&feature=youtu.be

Video is all about Accelerator Network but i want to understand the basic of staking..

Ok here is a guide on how to stake:
https://steemit.com/acceleratortokens/@onlinedoit/how-to-mine-accelerator-tokens-acc

It seems steemit link clean some point but still confusing how staking interest will measure? 

[Olishka]

It still doesn't makes any sense economically  the renting part of mining facilities with their coins

If it was profitable  to mine this way they won't need use to use our token to do that... They can do it themselves !

So that's a big joke, if there wasn't this mining part for this coins I will say ok for the staking part (it's like an aidrop for holders)

[dvabit]

It still doesn't makes any sense economically  the renting part of mining facilities with their coins

If it was profitable  to mine this way they won't need use to use our token to do that... They can do it themselves !

So that's a big joke, if there wasn't this mining part for this coins I will say ok for the staking part (it's like an aidrop for holders)

Yup you address my point in better way..

[Olishka]

We should always use common sense to analyse, here for me it's a NO NO

[dvabit]

We should always use common sense to analyse, here for me it's a NO NO

My basic common sense always says to me "Make Some Extra Bucks" 

[Iamcryptobeggar]

It still doesn't makes any sense economically  the renting part of mining facilities with their coins

If it was profitable  to mine this way they won't need use to use our token to do that... They can do it themselves !

So that's a big joke, if there wasn't this mining part for this coins I will say ok for the staking part (it's like an aidrop for holders)

Which one is better airdrop or bounty program?

[Poink]

It still doesn't makes any sense economically  the renting part of mining facilities with their coins

If it was profitable  to mine this way they won't need use to use our token to do that... They can do it themselves !

So that's a big joke, if there wasn't this mining part for this coins I will say ok for the staking part (it's like an aidrop for holders)

It is like saying,
why people deposit in banks and why not issue loans directly.
Or why the banks issue loans and not do the development themselves.
Or why rent and not just buy your own house.
Or why rent out a house and not just sell.

...there is reason for everything (and yes, some may not be the best option).

I assure you, they are mining but at the same time, securing guaranteed return from those who rent.  It reduces their risk.

[burdeN]

First, you need to choose a coin that supports stacking
Second, you need to buy a lot of this coin to receive a good amount of reward/receive reward regularly
I would like to recommend you TrezarCoin for staking. This coin was presented in September 2017, good tech and good community with active devs. You can buy it at Cryptopia, due to market drop, it's currently at a good price.

[dvabit]

First, you need to choose a coin that supports stacking
Second, you need to buy a lot of this coin to receive a good amount of reward/receive reward regularly
I would like to recommend you TrezarCoin for staking. This coin was presented in September 2017, good tech and good community with active devs. You can buy it at Cryptopia, due to market drop, it's currently at a good price.

It seems Trezar is good coin, what's current price?

[mybtcasset]

You can very well make some money by staking coins. Just go to the announcement section of this forum and search for pos. Anything that pops up will more than likely be something you can stake. However, try to keep it to more popular coins as a lot of these coins will not be worth but 1 satoshi and you won't be able to sell them.

Yes, do research before holding them because many coins are not valuable only few coins will give you money. You have given the right decision by supporting him through searching here in bitcoin talk.

[dvabit]

You can very well make some money by staking coins. Just go to the announcement section of this forum and search for pos. Anything that pops up will more than likely be something you can stake. However, try to keep it to more popular coins as a lot of these coins will not be worth but 1 satoshi and you won't be able to sell them.

Yes, do research before holding them because many coins are not valuable only few coins will give you money. You have given the right decision by supporting him through searching here in bitcoin talk.

Indeed R&D is very important part but it seems bitcoin talk disabled search box and i think reddit it also good for research.

[sweerty1]

It is quite easy in general you just need to download wallet use its staking option.
Best wallets already have staking opition and its very easy to use. You are getting tokens over time.