what is the difference between staking and mining???

[Kyraishi]

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.

[Mike Mayor]

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.

[Astvile]

i don't know for sure but if i m not mistaken mining is more expensive

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.

[virasog]

i don't know for sure but if i m not mistaken mining is more expensive

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.

[FIFA worldcup]

i don't know for sure but if i m not mistaken mining is more expensive

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.

 
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 ?

[Kyraishi]

i don't know for sure but if i m not mistaken mining is more expensive

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.

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.

[Babylon]

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.

[doomistake]

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

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.

[Artemis3]

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.

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.

[bounceback]

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.

[michellee]

i don't know for sure but if i m not mistaken mining is more expensive

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.

 
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 ?

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/

[Xxmodded]

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.

[Oneandpure]

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.

[Fredomago]

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.

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. 

[Machine Funk]

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.

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.

[dimox]

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

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

[xiboothrezi]

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.

[Emmycool]

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

[Kwame21]

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.

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

[Oneandpure]

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

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.