Are you staking or mining, or both?

[Jorge158]

As highlighted by OP, proof of stakes is gaining more popularity now. Most of the upcoming projects prefer the staking mechanisms which allows the team to share with investors the revenue made by the projects. This strategy has attracted lots of investors to projects that adopt this mechanisms because it is good to earn extra as one holds.

[timmmers]

There is currently one coin that can be staked and mined at the same time.
QuarkChain plans to be very efficient PoW blockchain, but they understand that as relatively new coin with low hash power, the network could be abused by double spending attack. So they decided to launch hybrid PoSW consensus for a while until they have enough hash power. Smart solution, dont you think?  

[dark08]

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'm currently staking at Binance platform by simply holding the right altcoin and wait for 1month expecting to distribute the reward at the 5th of the month, last last year I'm starting to mining bitcoin and potential altcoin but this I stop to mined altcoin because of expenses and no guaranty you will get a good amount at altcoin.

[landoffaucets]

Staking worths it when you hold an altcoin that you believe that will survive the competetive fight in the future.
But buying a new coins that claims to be the most profitable staking coin is a very risky move. 

[pawanjain]

Mining is not really worth it if you don't have the specific set of hardware which requires good amount of investment and timely maintenance.
Hence Staking and Trading are the only choices for people like us.

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'm currently staking at Binance platform by simply holding the right altcoin and wait for 1month expecting to distribute the reward at the 5th of the month, last last year I'm starting to mining bitcoin and potential altcoin but this I stop to mined altcoin because of expenses and no guaranty you will get a good amount at altcoin.

Same here mate. I have been staking on the binance platform too. Which coin are you staking ?

[staking]

Mining is not really worth it if you don't have the specific set of hardware which requires good amount of investment and timely maintenance.
Hence Staking and Trading are the only choices for people like us.

Yeah. As for me, I actually stopped mining years ago.

[pixie85]

I used to mine a bit but it was very difficult to get any reward even with coins that were aimed for those with very cheap mining gear like CPU or HDD coins.

The only thing left for me is staking. I also think that new services that offer staking wallets that reward you for holding money with them are the easiest way to profit from staking especially if your investment portfolio is still small.

[Rooivalk]

I prefer coins with staking. I think they are more promising than coins with mining. I plan to launch a node of one interesting project.I believe in this project. I think he is very promising.

[key4co.in]

I'm a hardcore fan of POS algorithm, I do more of staking presently.  Staking doesn't require tools and also no energy requirements like mining. Staking (especially free staking which doesn't need masternode) gives fair dividends just for holding the coin and that's cool by me. Mining is not so profitable for small miners, that's the issue.

[tanjiran]

If there is a good chance of a promising coin or token, then I'm staking. It's quite simple, but the profit is also very dependent on funds. I am not interested in mining, for me, the process is very complicated and requires qualified ability to manage it, the capital is also quite large. That is why I am more interested in cloud mining, while still doing analysis.

[didzi]

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 don't do both now,
because in my opinion trading is more profitable mate
so, i just focused on trading rather than mining or staking 

[inoes]

I no longer do BTC and ETH mining using the POW method, I switched to POS such as BTB and RDD, because it uses far less electricity, is more environmentally friendly and does not require mining expertise. does have some disadvantages, but that's what I can afford.

[Denongels]

I tried both before but now I don't do both (staking / mining), because in my opinion these two things are less interesting and also haven't found a decent coin to do staking. but if in terms of cost or the like staking is certainly a good choice because the cost is very cheap.

[19Nov16]

Now I prefer staking than mining, I feel is currently difficult to get profit from mining, especially the maintenance costs are getting bigger and mining income continues to decline, I will mining again if the price of bitcoin reaches at least $ 15k or ethereum $500.

[michellee]

This year, I am trying to stake some coins. Staking a coin is a new thing for me, and I try with the cheap coin price to see how it looks like. But if I read on many articles, staking can give another passive income to us if we can choose the right coins. And now, there are so many coins that we can choose to stake, but it is too difficult to find the right coins.

[cahbagus555]

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 did not do both, but if I had to choose, I would prefer Mining. In my opinion and to my knowledge, PoW is more decentralized than PoS coins and also mining coin prices are higher than others. But I prefer to buy in the market because I do not have a large capital

[aggress0r]

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'm currently staking at Binance platform by simply holding the right altcoin and wait for 1month expecting to distribute the reward at the 5th of the month, last last year I'm starting to mining bitcoin and potential altcoin but this I stop to mined altcoin because of expenses and no guaranty you will get a good amount at altcoin.

What are you staking at Binance bro if you don't mind my asking. Is it Function X? I was staking Pundi X there and then airdrop was over.

[Darkoth89]

The entry requirements for staking are much lower than for mining. You don't need expensive mining equipment, just hold some coins and you are good to go. And with mining you also rely on cheap energy costs to be profitable. That's why I am not mining anything at the current market situation.

[jazmuzika217]

For me one activity is not enough. So even that it is hard to do, I do it the same. But I noticed that in doing mining I only earn only small amount or almost break even. But still I do it together with staking because I have dreams and goals that want to achieve. I also have a regular job. I believe that I can do it all because I am fully motivated.

[anexxty009]

Currently am doing none but if asked me what had worled for me i would have gone for staking because its far profitable in the short term