Bitcoin Forum
November 09, 2024, 02:29:57 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 3 4 »  All
  Print  
Author Topic: what is the difference between staking and mining???  (Read 769 times)
SK funky (OP)
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile
July 14, 2018, 12:21:05 PM
 #1

is there any difference, are they one and the same? Huh
BitGunner
Member
**
Offline Offline

Activity: 205
Merit: 10


View Profile
July 14, 2018, 12:33:53 PM
 #2

to tell the truth, i don't know for sure but if i m not mistaken mining is more expensive, there are whole cities of miners who spend much time and efforts for coins , i think that it is worth it and means that soon governments will soon accept it
Jackolantern
Member
**
Offline Offline

Activity: 321
Merit: 10

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN


View Profile
July 14, 2018, 12:39:56 PM
 #3

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

           ﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
☆═══━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═══☆
≈ WORLD POWER PRODUCTION ≈


【 BACKED ASSET GREEN ENERGY TOKEN 】
☆═━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═☆
NeuroticFish
Legendary
*
Offline Offline

Activity: 3850
Merit: 6583


Looking for campaign manager? Contact icopress!


View Profile
July 14, 2018, 01:43:53 PM
 #4

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

Staking is also mining. The better question is about the difference between PoW (proof of work) and PoS (proof of stake).
Shortly, for PoW you do complicated calculations with a machine (ASIC, FPGA, GPU, CPU, ..)  and for PoS you just keep as many coins as possible in a wallet that's running all the time.
There are many articles on the internet about this, now as you know better what to look for, you better search a little and see how others answered to this question.

███████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████

███████████████████████
.
BC.GAME
▄▄▀▀▀▀▀▀▀▄▄
▄▀▀░▄██▀░▀██▄░▀▀▄
▄▀░▐▀▄░▀░░▀░░▀░▄▀▌░▀▄
▄▀▄█▐░▀▄▀▀▀▀▀▄▀░▌█▄▀▄
▄▀░▀░░█░▄███████▄░█░░▀░▀▄
█░█░▀░█████████████░▀░█░█
█░██░▀█▀▀█▄▄█▀▀█▀░██░█
█░█▀██░█▀▀██▀▀█░██▀█░█
▀▄▀██░░░▀▀▄▌▐▄▀▀░░░██▀▄▀
▀▄▀██░░▄░▀▄█▄▀░▄░░██▀▄▀
▀▄░▀█░▄▄▄░▀░▄▄▄░█▀░▄▀
▀▄▄▀▀███▄███▀▀▄▄▀
██████▄▄▄▄▄▄▄██████
.
..CASINO....SPORTS....RACING..


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
Nurshazwani
Newbie
*
Offline Offline

Activity: 21
Merit: 0


View Profile
October 23, 2018, 03:47:00 AM
 #5

So basically, staking uses little resources when compared to mining so this means less electricity consumption and no need for extra machines to participate in staking.
Shannon98
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
October 23, 2018, 05:27:56 AM
 #6

Using the Proof of Stake (Pos) algorithm that is the basis of many new cryptocurrencies, staking involves the purchase of cryptocoins and holding them in a wallet for a particular period of time.

Mining requires technical know-how as well as computational power so as to solve the algorithmic puzzles involved in blockchain networks.
daarul50
Legendary
*
Offline Offline

Activity: 1596
Merit: 1034


View Profile
October 23, 2018, 06:46:39 AM
 #7

I think there is no difference because the stake is included in the mining process. Many people have answered questions like this and it would be better if we find out the right answer from the question above because everyone has their own opinions.
Mhd-Bobbi
Member
**
Offline Offline

Activity: 434
Merit: 13


View Profile
October 23, 2018, 03:53:53 PM
 #8

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

The question is not relevant, it looks like you need to read to better understand, you only need to do a search on Google.
the difference between installation and mining?
What do you want to install?
What do you want to do to mine?
if you ask whether Bitcoin mining? maybe I can answer from some definition articles.
tegarp90
Full Member
***
Offline Offline

Activity: 546
Merit: 100



View Profile
October 23, 2018, 03:58:35 PM
 #9

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

Maybe staking is something just like holding a token / currency that will get dividend in a period of time.
And mining, you should have a rig to do this and get the rest bitcoin available supply
fosco333
Full Member
***
Offline Offline

Activity: 1260
Merit: 100



View Profile
October 24, 2018, 02:33:57 AM
 #10

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

Well, actually staking is mining too, but using a different method. If you are mining with devices such as ASICs or GPUs or CPUs, then you mining with Proof of Work (PoW Mining). If you staking, then you are mining with Proof of Stake (PoS Mining). Although they both mining, but there are some differences on them, not same.

PM.coins
Sr. Member
****
Offline Offline

Activity: 616
Merit: 250



View Profile
October 24, 2018, 10:26:56 AM
 #11

I think there is no difference because the stake is included in the mining process. Many people have answered questions like this and it would be better if we find out the right answer from the question above because everyone has their own opinions.
I agree with you, when people question something (the difference about mining) actually we often find a different opinion in conveying. It happens because of the point of view or understanding. But that is not a problem, and can be explained. Thanks.
Red-Apple
Hero Member
*****
Offline Offline

Activity: 1470
Merit: 655


View Profile
October 24, 2018, 11:32:15 AM
 #12

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.

--signature space for rent; sent PM--
Olayinka225
Jr. Member
*
Offline Offline

Activity: 322
Merit: 1


View Profile
December 15, 2018, 06:23:52 PM
 #13

I think to my own best knowledge in crypto,  I think the best way to explain this is by saying that:

Staking is by loaning a particular digits or amount of a coin in a project for a defined dividend or percentage in (a week, month year) for profits. The rule will be set by the organizers that this is the percentage we'll be giving on a particular amount of coin one put into stake.

While mining is just by a way of saying one is mining bitcoin.
kryptqnick
Legendary
*
Offline Offline

Activity: 3276
Merit: 1403


Join the world-leading crypto sportsbook NOW!


View Profile
December 15, 2018, 10:15:50 PM
 #14

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

Staking is also mining. The better question is about the difference between PoW (proof of work) and PoS (proof of stake).
Shortly, for PoW you do complicated calculations with a machine (ASIC, FPGA, GPU, CPU, ..)  and for PoS you just keep as many coins as possible in a wallet that's running all the time.
There are many articles on the internet about this, now as you know better what to look for, you better search a little and see how others answered to this question.
This is a great answer, but I'd like to add more specifics. Most likely, the op was indeed asking about proof of work and proof of stake. Proof of work or what we generally associate mining with is a way to generate new coins by solving mathematical tasks. For the process to be efficient, one needs special equipment and a lot of electricity nowadays (even though there are exceptions). Proof of stake is similar to deposit earnings in banks. You hold coins for some time and get regular additional coins for doing it. No need for equipment and electricity, but a less decentralised system, I guess.

  ▄▄███████▄███████▄▄▄
 █████████████
▀▀▀▀▀▀████▄▄
███████████████
       ▀▀███▄
███████████████
          ▀███
 █████████████
             ███
███████████▀▀               ███
███                         ███
███                         ███
 ███                       ███
  ███▄                   ▄███
   ▀███▄▄             ▄▄███▀
     ▀▀████▄▄▄▄▄▄▄▄▄████▀▀
         ▀▀▀███████▀▀▀
░░░████▄▄▄▄
░▄▄░
▄▄███████▄▀█████▄▄
██▄████▌▐█▌█████▄██
████▀▄▄▄▌███░▄▄▄▀████
██████▄▄▄█▄▄▄██████
█░███████░▐█▌░███████░█
▀▀██▀░██░▐█▌░██░▀██▀▀
▄▄▄░█▀░█░██░▐█▌░██░█░▀█░▄▄▄
██▀░░░░▀██░▐█▌░██▀░░░░▀██
▀██
█████▄███▀▀██▀▀███▄███████▀
▀███████████████████████▀
▀▀▀▀███████████▀▀▀▀
█████████████LEADING CRYPTO SPORTSBOOK & CASINO█████████████
MULTI
CURRENCY
1500+
CASINO GAMES
CRYPTO EXCLUSIVE
CLUBHOUSE
FAST & SECURE
PAYMENTS
.
..PLAY NOW!..
zolfa
Member
**
Offline Offline

Activity: 518
Merit: 11


View Profile
December 15, 2018, 10:52:52 PM
 #15

yes, staking like passive income in mining by holding coins. for example, I hold a coin in my wallet, and I can get a 90% profit from the coin that I hold.

staking is easier and simpler than mining with hardware.
hadveach
Full Member
***
Offline Offline

Activity: 448
Merit: 102


View Profile
December 15, 2018, 11:16:40 PM
 #16

both have the same function to mine crypto, but the method is different.

mining relies on hardware, and good hardware will get crypto that is fast and very profitable.

but staking is very easy from mining. and very long to get profit.
Ezenwanyi1
Copper Member
Jr. Member
*
Offline Offline

Activity: 308
Merit: 1

Veil


View Profile
December 26, 2018, 05:36:11 AM
 #17

From my own perspective, mining and staking seems to be the same thing . The difference is that while miners spend time , using mining equipments to mine Bitcoin, in staking all you need to do is stake your coins, like lending your coins to miners , they use the coins to buy one or two hardwares alternatively pay for power consumption for mining and at the end of the deal......you get paid in commensurate to the amount of coins you staked.
kalel18
Copper Member
Jr. Member
*
Offline Offline

Activity: 182
Merit: 1


View Profile
December 26, 2018, 12:46:41 PM
 #18

the function of each one is the same, staking is easier than the one, just you need to full fill your task what ever they give you and wait for a time to distribute, you do not need a rig and it is called (pow mining) which is used by (cpu, gpu, etc) this one need profit to setting a hardware to use. This two is the same minning but in deffirent ways.
acholagi
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500



View Profile
January 01, 2019, 05:57:12 AM
 #19

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

staking is usually applied to coins with POS algorithms, an example of a coin with this popular staking algorithm is DASH, you must have 1000 Dash to be able to become a staking participant of the Dash and get passive annual income

mining is another term from the POW algorithm (Proof Of Work), where you have to have computer components with good specifications to be able to do this mining, especially VGA Cards. Examples of coins that use the POW algorithm are Ethereum, Bitcoin and Electroneum.
Especially for electroneum, you can do mining using a smartphone
Edenvidal
Copper Member
Newbie
*
Offline Offline

Activity: 12
Merit: 0


View Profile
January 08, 2019, 02:02:32 PM
 #20

The difference between staking & mining is that, when you say staking it means you taking the risks/gamble  in a certain situation or money or something with value while mining means obtaining units of cryptocurrency by running a computer process to solve a specific problem or to make it simple, you it faster than anyone else.

◊ ◊ ◊ 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗖𝗹𝗮𝘀𝘀𝗶𝗰 𝗩𝗶𝘀𝗶𝗼𝗻 ◊ ◊ ◊
ETCV ▬▬▬▬▬▬▬ ▬▬▬▬▬ ▬▬▬ ▬▬ Hard fork of Ethereum ▬▬▬ ▬▬ ▬
https://ethereumcv.io
Pages: [1] 2 3 4 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!