Don't doubt the power of Staking coins

[JCviggen]

Binance has recently offered staking at their exchange so may be a good reference to compare those coins while buying any POS to check the interest rate, stability, longevity, developments etc before purchasing...

Well, for example, to participate in the staking of the TRX on Binance - I think it is very profitable for those people who are long-term investors of this coin. if people don’t believe in a coin, then why participate in staking at all?

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[nelson4lov]

Binance has recently offered staking at their exchange so may be a good reference to compare those coins while buying any POS to check the interest rate, stability, longevity, developments etc before purchasing...

Binance actually did good in launching their very own staking subsidiary platform. It was because Binance was often found to be holding staking rewards thanks to binance users. Having a dedicated platform makes it easier to handle them. TRX is one of the first projects binance started staking for in its new platform. It's a DPoS consensus. More POS coins will be added from time to time so its just a matter of time everyone's favorite coin is added. I'm taking advantage of the platform. If you believe in a project and you're hodling long term, you can earn while hodling.

[Pearls Before Swine]

I'm planning to have NEO before but I don't think that my budget would be sufficient to generate that profit that I want.

Neo is great, but depending on the price of Gas it does take a lot to earn anything significant.  I'd say that Neo might be very undervalued right now, and it might be a good time to buy some.  One advantage it has over other staking coins is that you don't have to leave the wallet running in order to stake.  That's nice when you want to shut off your computer.

The part of your post I snipped was a statement about Eth, and I can't wait for it to become proof of stake.  If and when that happens, I'll be more than willing to buy enough to start staking.  The minimum number I've heard is 30 Eth, but I'm not sure if that's true or even decided yet.

I have staked some Reddcoin, but given that its price keeps dropping and its a coin that has an uncertain future I stopped.  It was fun doing it but not really profitable.  But I agree with op that staking is way better than mining.  Less electricity, less work, and much easier.

[The Cryptologist]

Miracle Tele turned out to be a scam in the end.. genuine staking coins do not offer such a high ROI and the ones that offered such high rewards in the past has all turned out to be scams of the highest order, I still prefer IEOs because if you participate in a genuine IEO Inna reputable exchange, you can easily double or triple your funds.

I have heard about that too. Staking is profitable in some way like a good alternative for mining but we still need to do our due diligence. Instead of having that so much excitement and hoarding a lot to get huge amount of tokens for staking is that we need to consider if we are not going to be involved in another scam that only uses that staking to get more buyers.

[cudora]

Staking coins are very powerful, but the problem is that in my opinion they are not worth staking. You cannot compare profits from mining and staking, because mining would bring you much more benefits and profit.

[Fredomago]

Miracle Tele turned out to be a scam in the end.. genuine staking coins do not offer such a high ROI and the ones that offered such high rewards in the past has all turned out to be scams of the highest order, I still prefer IEOs because if you participate in a genuine IEO Inna reputable exchange, you can easily double or triple your funds.

I have heard about that too. Staking is profitable in some way like a good alternative for mining but we still need to do our due diligence. Instead of having that so much excitement and hoarding a lot to get huge amount of tokens for staking is that we need to consider if we are not going to be involved in another scam that only uses that staking to get more buyers.

The fact that the value of said coin can go down, staking is not profitable when the value from your previous purchased went down. Even you received good numbers of staking rewards it's still not profitable if the price got dumped. You need to work with knowing the project for staking and make a good entry position, buying the coin when the value is dipping it's best for holding it and staking it to get rewarded while waiting for the bbounce up.

[magneto]

Why would you care about how much returns a coin generates you if the coin itself doesn't even have any real value? That's the question that I propose to you.

Any staking rewards should be adjusted to inflation, and price of the coin. And the price of a coin can only hold in the long run if the project is actually useful to tackling certain issues, or at least have some sort of utility/speculative value to traders.

Don't just buy a coin because it's PoS and promises high returns. I could create a coin today with absolutely no substance myself for extremely cheap, with a 50% annual staking reward. But what would it actually mean? Nothing. Because in the long run, if the coin doesn't have demand, staking rewards are irrelevant.

[Lauren Smith]

Staking coins are very powerful, but the problem is that in my opinion they are not worth staking. You cannot compare profits from mining and staking, because mining would bring you much more benefits and profit.

That's not true. It takes well over a year just to break even with mining. Not to talk about the cost of runnning the miner. Oh and do not forget that the mkiner can stop working or break. Your pos tokens will not have these issues. The entry-level investment for pos coins is very low compared to the thousands it takes for buying miners. You also need to watch out for scam sites that shut down after getting your money for your expensive miner.

Why would you care about how much returns a coin generates you if the coin itself doesn't even have any real value? That's the question that I propose to you.

Any staking rewards should be adjusted to inflation, and price of the coin. And the price of a coin can only hold in the long run if the project is actually useful to tackling certain issues, or at least have some sort of utility/speculative value to traders.

Don't just buy a coin because it's PoS and promises high returns. I could create a coin today with absolutely no substance myself for extremely cheap, with a 50% annual staking reward. But what would it actually mean? Nothing. Because in the long run, if the coin doesn't have demand, staking rewards are irrelevant.

The compounding interest is what you need to look at. You also need a sizable stake to build up good weight whiles staking.

[pgbit]

Imagine if you had looked at this post and decided to invest in Miracle Tele because if this post, you would have been going straight to the village, the difference between staking coins and mining is that most of the mining coins are old and trusted crypto while we cannot say the same for most of the staking coins in existence.

[enhu]

There is an information I got from Ivan on youtube which he was telling this subscribers to actually try to gather 32 ETH so that when ETH2.0 will take place, you can also stake your ETH. Apparently, 32ETH I guess is the minimum ETH that a wallet can participate in staking.  I don't know how to verify this information but most of the users who were chatting agreed to it. I guess 32 is a magic number for the version 2.

[InwardContour]

There is an information I got from Ivan on youtube which he was telling this subscribers to actually try to gather 32 ETH so that when ETH2.0 will take place, you can also stake your ETH. Apparently, 32ETH I guess is the minimum ETH that a wallet can participate in staking.  I don't know how to verify this information but most of the users who were chatting agreed to it. I guess 32 is a magic number for the version 2.

If we need to have 32 ETH to partake in staking, it therefore means it's more of a masternode thing, not free staking. Well, vitalik and his team have their reasons probably, I just hope ETH 2.0 launches without further procrastinating. I've actually benefitted a lot from staking NEO and VET, it really gives investors reasons to hold. I started staking TRX recently, hoping it worth it.

[Teraboy]

Binance has recently offered staking at their exchange so may be a good reference to compare those coins while buying any POS to check the interest rate, stability, longevity, developments etc before purchasing...

Well, for example, to participate in the staking of the TRX on Binance - I think it is very profitable for those people who are long-term investors of this coin. if people don’t believe in a coin, then why participate in staking at all?

Are you joking? how profitable the staking of TRX on binance depends on how much money that owned by the person. Long term investors will not try to do that and when you are seeing the chart of trx always going down and it must be a strong reason.
They are only staking to get the passive income and no more. Staking can be an alternative for those who are amateur in trading to get income from crypto.

[Perfect35]

I affirmative agree to that, but on the other hand, not all staking coins will continue to maintain such dividend. Even if the dividend is maintained in term s of the units of coins, the actual price in dollar cannot be maintained, due to a lot of factors. I still prefer old coins with such function.

[plast555]

https://poslist.org/

You can access the projects that use the PoS consensus algorithm and awards it on this website.

You can not only list stake-awarding projects, but also sort projects by their profitability and observe many more statistics.

[forexandcryptoauditor]

Taking is always better than mining. For mining we need extra system performance which needs cost and also lots of efforts. At the other hand taking requires no additional cost and also hassle-free. However stocking gives less rewards then mining but still it's preferable. The only coin which I know at the moment which gives taking rewards is smart fund and live and pay.

[puertorikosena]

In this way, it is profitable to get coins in a growing market and in the case of serious investments. Otherwise, even a profit of 10 percent per month of the number of coins incurs losses in dollars if we are in a bear market. But personally, I made good money two years ago thanks to staking

[reality18]

Staking coins have good concepts but most of the staking coins I know are all dead. Most the projects offer huge returns for staking more than the company can absorb hence end up running out of funds. Miracle Tele and Smart Fund are classical examples of the staking coins which ended up badly.

[fuer44]

Staking coins is way better than mining ,hassle free and no generating of heats ,I'm luck to come across miracle telecom project that offers token holders rewards every two weeks from the projects 40% net profits and so far so good ,the reward is not fixed but its way better that other staking coins too ,with 100 tele tokens you can easily make 1.2-2euro based on their net profit every two weeks.

Do you guys have any other staking coins as good as this?
Share your comments below.

your argument that hodl tokens are better than mining, I agree. because hodl is more environmentally friendly and in terms of cost is also lower than minning. but for coins that make a profit per week or even per day with a profit of a few%, I do not yet have. all I can do is invest in coins, with the risk of the value going down or up 

[Lauren Smith]

Staking coins is way better than mining ,hassle free and no generating of heats ,I'm luck to come across miracle telecom project that offers token holders rewards every two weeks from the projects 40% net profits and so far so good ,the reward is not fixed but its way better that other staking coins too ,with 100 tele tokens you can easily make 1.2-2euro based on their net profit every two weeks.

Do you guys have any other staking coins as good as this?
Share your comments below.

your argument that hodl tokens are better than mining, I agree. because hodl is more environmentally friendly and in terms of cost is also lower than minning. but for coins that make a profit per week or even per day with a profit of a few%, I do not yet have. all I can do is invest in coins, with the risk of the value going down or up 

The entry level to pos is much lower too. You can begin to stake at a decent rate for less then $100 you cant buy a miner for that now can you. Entry level miner is a few hundred for just one. You need more to diversify. You need $3000+ for a decent mining OP possibly $5000 with staking yu can get much weight for only $100-$500 it depends when you buy.

[Kiefner]

This project seemed to me quite successful, but now I have changed my mind. I don't know any more similar projects and in general I now try to be very careful about investing in new projects.