Hardware Mining vs Cloud Mining vs Staking or Masternodes

[FrankWatsonJr]

what are your thoughts?

[SwissBoo]

up

[GarySeven]

If you are bumping up this thread to advertise your service https://www.setupmasternodes.com just be open about it and start a thread about your service.

There is no need to obfuscate the purpose of the thread as though you were really interested in the opinions of others.

[SwissBoo]

people need to talk about it

[FrankWatsonJr]

not many know

[Exoskeleton]

If you are bumping up this thread to advertise your service https://www.setupmasternodes.com just be open about it and start a thread about your service.

There is no need to obfuscate the purpose of the thread as though you were really interested in the opinions of others.

I hate to say it but Im pretty sure you just nailed it.

[BillieCrypt]

Maintaining serious masternodes also requires powerful equipment. Of course, this is not such a big power as for PoW mining. I think that in the future, the mining on the PoW algorithm will die due to the high power consumption.

[SwissBoo]

this is much needed to discuss

[renemagritte]

Staking is the new kind in my opinion. Proof of work systems are very old, and they cost a lot. But proof of stake (nodes) doesn't really require much. I personally invested in a coin which will have masternodes in the future. I hope to earn monthly income with it.

[modmalaney]

If you are serious in mining, then just use the hardware as support facilities. This will be much more give the most but certainly also need sufficient facilities. I never tried the cloud and for the results that it is affordable so interesting and unsatisfactory.

[SwissBoo]

If you are serious in mining, then just use the hardware as support facilities. This will be much more give the most but certainly also need sufficient facilities. I never tried the cloud and for the results that it is affordable so interesting and unsatisfactory.

mining is the cost of risk

[FrankWatsonJr]

Electricity is involved with mining and masternodes require a VPS, however, the cost is about 2x as less than the cost of electricity.

If you are serious in mining, then just use the hardware as support facilities. This will be much more give the most but certainly also need sufficient facilities. I never tried the cloud and for the results that it is affordable so interesting and unsatisfactory.

mining is the cost of risk

[Mr.Ease]

Which would you rather focus on?  Hardware mining? Cloud Mining? or Masternodes / Staking?

Pick one, and explain the reason for the type of mining

Focus...On... Cloud Mining

Let's not do that - and hardware mining isn't really profitable unless you got some hydro-dam in your back yard.

Out of the 3 options I'd pick staking. EZ to do if you make an investment and just sit back and wait. Find a coin you think will moon-launch in like 1-2 years and stake your share of coins for the long run.

 

[vip777]

I choose the 4th option which is not in the list. Mining using purchase of hashrate nicehash or miningrigrentals because:
 -minimal risks.
 -income here and now.

[iv4n]

I choose the 4th option which is not in the list. Mining using purchase of hashrate nicehash or miningrigrentals because:
 -minimal risks.
 -income here and now.

It`s cloud mining, it`s on the list.

Staking is the new kind in my opinion. Proof of work systems are very old, and they cost a lot. But proof of stake (nodes) doesn't really require much. I personally invested in a coin which will have masternodes in the future. I hope to earn monthly income with it.

I`m staking few coins nothing big, I`m thinking to invest more in those coins I already staked, and I`m always looking for new coins for staking. I think its a nice way to have some passive income.
Nice thread anyways, its interesting to see what people prefer to do, mine or stake.

[Esterklu]

I prefer Masternodes / Staking as less expensive and the most efficient. Because Hardware mining requires a certain starting expenses for equipment and relatively high running cost for energy. But finally the profit depends from the price of mined coin on exchanges. So all these expenses may become as losses instead of profit expected if the price will drop down after then you have started mining. Regarding Cloud Mining, almost all projects those i have seen are scam, at least 90%. Let's say, they just use a tale about cloud mining in order to look legitimate, but indeed they are just ponzi schemes, no more, no less.

[Dr.Osh]

well, most professional miners will use mining hardware. because the results obtained are more optimal, and we can also take care of them. although there is a lot to think about, however, better hardware support will make a good income during mining.

[JeffBrad12]

Electricity is involved with mining and masternodes require a VPS, however, the cost is about 2x as less than the cost of electricity.

If you are serious in mining, then just use the hardware as support facilities. This will be much more give the most but certainly also need sufficient facilities. I never tried the cloud and for the results that it is affordable so interesting and unsatisfactory.

mining is the cost of risk

But MN depends on your amount dude, if you are using small MN coin and then you get a few bucks only. As far as i know the only masternode that worh to invest just like dash and pivx. that needs a lot of amount to get decent money to become masternode.

[sirohige]

well, most professional miners will use mining hardware. because the results obtained are more optimal, and we can also take care of them. although there is a lot to think about, however, better hardware support will make a good income during mining.

indeed with hardware such as those built by several miners that can generate enormous profits and abroad that are already well known they use their own miners so they only think the cost of repairing hardware, internet, electricity and room temperature is different if in your country cold room temperature, you only need to think about the cost of the internet, electricity and repair of the device.

[Bttzed03]

Your choice depends mainly on your existing resources.

Out of the four, staking is probably the more energy efficient and it can be done on most computers. Less technical people might also favor it.