Are you staking or mining, or both?

[eternalgloom]

Mine early, stake later

Huh, what does that actually mean? Most POS coins aren't actually mineable...
Pure shitpost right here as far as I'm concerned...

[bellaayu]

I think that mining will not be easy because of many factors. I do a trade because this is much more profitable. If from the risk, of course, all have a risk and we must remain vigilant. POS is also profitable but we also have to be smart to define the project.

Trading and investing are two ways to generate current and future profits. Every opportunity should be good to use because the opportunity sometimes does not come twice.

[jerrison]

PoW (Proof of Work)

PoS (Proof of Stake)

The most popular consensus mechanisms.

Proof of Stake protocols are gaining traction.  

What about you, personally?

Are you mining, are you staking, or are you doing both? And why?

The idea of minning of coins is in degrees and loads of projects have decided to come up with the option of staking as it is less easy, consumes just a little finance compared to the normal minner that bitcoins minning rigs consume. Stakings however, have a way of giving some degree of confidence to those who have more coins staked and earning more with respect to the coins staked.

[wattcrypto]

I am staking. A few different coins actually ATOM, Nuls, Algorand and a few others. I really like using this website: https://stakingrewards.com/

[Mysteryla]

I stake and that is what I prefer most. It does not require much fund to get your dividend, which is unlike mining, where you would need the mining gadgets in order to to get the amount you requested for. Staking is more passive than mining and as a matter of fact, someone with a very busy schedule or who has other works offline to do, will find staking easier and much better.

[acepro]

for staking in my opinion right now is a good choice. because a lot of coin staking can be had at low prices and also tools for staking only require vps with low specifications.

[ryzaadit]

I'm not doing stacking or mining.

To be honest the reason im not doing this because the profitable was not really worth. It's really a low profit, went we stacking or mine major crypto if you want a good profitable mining or stacking should be on the shitcoin went the project was new and their only listed on a small exchange.

My friend was a miner, based on their personal opinion & suggested from them to me. Mining was not really worth with a small right, better mine a shitcoin went we can get lucky got a good profit. The risk only wasting your resources & electric if we mine a wrong currency, yeah thats one of the risk mining a shitcoin.

[abaidudez]

Staking is the most option because it's easier to do. You don't need investment to do it. But in mining you need to invest money for mining rig. But if you have knowledge with mining and how to do it, why not do staking and save what you earn then build a rig with what you earned. That's a good option do both but need to stake first...

[delarossa]

I prefer staking methode because it will not cost a much money but the income is little than mining. I think mining is great for the person that have money.

[maxreish]

I did not do both, i am prefer to trading and i do it everyday. Mining need a big cost and i am not familiar with staking.

With what my friend's bad experience in mining, I was able realized that mining isn't really a profitable field. With high cost electricity, cost of mining rigs, other expenses it is still best to do some serious trades. Not also staking neither mining. I do prefer focusing in margin trading in bitmex, do studying forex trading before jumping into that field and a daily altcoin trader.

[nightflightcourt]

I earn rewards from trustlessly-run Stakenet MNs. I stake some of those rewards on their cloud hosting service to pay for the MN-hosting fees.

[shinratensei_]

I was doing mining and for me, it's worth comparing with staking consider the only big players who can earn a lot of interest from the network with a big portion of the coins.
In mining, you can try to mine new promising coins that will bring your decent money and i can try to put the rigs as a guarantee in mining caused by you can sell your rig when you are thinking mining is nor profitable anymore.
When you are doing staking and the price goes lower and then you will be losing your money instantly and your interest from the network doesn't give a guarantee.

[etherclassic]

PoW (Proof of Work)

PoS (Proof of Stake)

The most popular consensus mechanisms.

Proof of Stake protocols are gaining traction.  

What about you, personally?

Are you mining, are you staking, or are you doing both? And why?

I am holding the token of company, they are giving the deviden based on the profit of their businesses related with cryptocurrencies, so i can claim my dividen in cryptocurrencies in daily, weekly or monthly. It is very simple for me because there is the real businesses related with cryptocurrencies behind the token which i am holding so i don't worry about the scam token because they have real of costumers around the world especially related with cryptocurrencies.

[Samboo]

I am mining Pi on my Android mobile. This is my first experience about mining. So I am not so much into mining coins. Talking about staking coins, I have been staking Miracle Tele on my laptop. Staking rate is 2 Euro per 100 Tele tokens. So from my experience of mining and staking, I do not like both. I just like participating in bounty campaigns. 

[Samayuki]

PoW (Proof of Work)

PoS (Proof of Stake)

The most popular consensus mechanisms.

Proof of Stake protocols are gaining traction.  

What about you, personally?

Are you mining, are you staking, or are you doing both? And why?

No doubt POS will be the next big thing for altcoins in the near future but Prove of work will still be around for so long,the truth is POW is the fastest way to distribute supply,the more miners are mining the coin the lower the max supply gets,they are both good and worth giving a try before deciding on which one to stick with

[staking]

I am staking. A few different coins actually ATOM, Nuls, Algorand and a few others. I really like using this website: https://stakingrewards.com/

Great site indeed, did you check out their new beta version on https://beta.stakingrewards.com? It comes with a new reward calculator, too.

[aggress0r]

I'm into Proof-of-Stake currently with 2 projects where the first requires just voting for delegates once of couple days or once a week and the second is staking with the running wallet.

[ivaf]

I used to have both staking and mining. Now I left only staking. Mining has become economically unprofitable for me - too high costs with low profitability. So now only PoS.

[Leonardo7]

I do Proof-Of-Stalking and major in trading. POS favors the whale more. In the end, if the price of the coin is not performing well, the person with a smaller amount will appear to be wasting their time. Trading still pays more when one looks at how much altcoins have suffered in the market.

[jagaban]

I paused mining because of rising electricity costs and poor prices on exchanges. I would have considered staking but I am afraid of the ROI at the end especially now that price of coins are dipping badly. Trading is the best