Staking vs. mining altcoins

[makemecrypto]

I’m turning my eyes towards staking alts, since the market is struggling to pick itself up for the last 2 years and (probably) the only profitable thing in 2019 was mining. Let’s discuss solid projects with decent returns here. Appreciate any insights and info!

[0xcosmos]

staking is also not that simple as it looks like
you need to invest in the coins itself as each and every coin has there bare minimum balance required to start staking
most of the pos coins requires you to set up a system which can be online 24 7 for the wallet to run and act as a node
for this you can use raspberry pi as the power consumption will be very nominal
dpos coins does not need a system which is 24 7 online and once you vote delegates
you will receive your fair share over time which will keep on accumulating
also check and research about masternode coins
also a passive way to earn crypto

[shinratensei_]

This should be the best site for you http://stakingrewards.com/

Just put my choices to the ALGORAND, TEZOS, DECRED, and ATOM. but for me, algorand looks a very good option at this moment consider its liquidity and annual return.

Mining is nog profitable again as so many miners have been migrating to the altcoin.

Maybe mining was profitable before litecoin and bitcoin got halving but as more and more major crypto gets halving and that forced the miners from those coins migrate to the altcoin and that makes difficulty becomes very hard.

[gensol]

Staking is more dangerous than mining.
1. A staked coin must have gains before they can share payout to stakers
2. Some of these projects don't have liquidity, they don't have utility to fuel their prices up.
3. You purchase these tokens before staking them, their prices could dump heavily during your staking period leading to loss even when you don't get anything at the end
Take COSS for instance, if the exchange doesn't make any returns, they won't share anything if the returns are too poor the payout won't be of any good.

[kaneki007]

IMO staking can still make a profit (if the staking coins are large) and only need a VPS to run 24/7. I want to staking a few coins that i think have enormous potential and buy a VPS that has a discount to be cheap

[livingfree]

Both aren't cheap investments. Staking requires a decent capital for you to receive a promising amount if you prefer the daily equivalent but if you just want to accumulate more coins, this is good for you because it's much cheaper than mining.

While in mining, if you also want to accumulate a coin and you have a way to sustain your bills from other source that would be a good advantage for you. But if you'll depend on it for your daily bills, make sure you mine lucrative coins.

For staking, I think the best would be the hot coins like Tezos.

[wajik-tempe]

I’m turning my eyes towards staking alts, since the market is struggling to pick itself up for the last 2 years and (probably) the only profitable thing in 2019 was mining. Let’s discuss solid projects with decent returns here. Appreciate any insights and info!

Heard legit project from my friend called Vidy Network, it's already listed in many exchanges and one of them is huobi. It has staking system with return around 1% each day. I don't know if it's a ponzi scheme or no but it's legit and we could do it with small capital

[cryptoadept]

Every PoS project has high chances to be doomed when PoS as consensus will be proven insecure in practice. That's why staking is a slow bomb, think about it. I'm not mining but bet on PoW Amoveo.

[Nadziratel]

I’m turning my eyes towards staking alts, since the market is struggling to pick itself up for the last 2 years and (probably) the only profitable thing in 2019 was mining. Let’s discuss solid projects with decent returns here. Appreciate any insights and info!

actually I know 2 good staking ideas.
One of them Verasity (VRA). I think it is promising some profit. And they are about to announce a new major exchange listing. And their staking pool offer something good.
You can get and leave staking with your daily profit. It is great.

Earn VRA daily at 0.1% of the amount staked in your VeraWallet. This is the equivalent of 36.5% per year.

The other one is Ferrum Network. Ferrum was a micro cap project. Their competitors has a big value and FRM is trying to reach and overtake them. So I think it can reach 5x-10x easily. And they had a staking opportunity recently. Their staking pools were full and closed. But last wednesday, COO Ian Friend made an AMA and he said new pools may open for FRM holders. They had a 3 different size of pool and up to %50 annual revenue.


The key poins it in here, we should find some staking coins which has a potential to rise. The 10% token you earn per year won't make any sense if the price drops by 50%. Therefore, we should try to find the projects that can increase the price soon.

[bitcampaign]

many exchanges also hold staking events such as in binance and others, I think to do mining will cost a lot and take a lot of time to monitor, I think buying altcoin POS or masternode will be better and starting staking I think it's easier just to rent a VPS rather than having to do mining

[Samayuki]

I’m turning my eyes towards staking alts, since the market is struggling to pick itself up for the last 2 years and (probably) the only profitable thing in 2019 was mining. Let’s discuss solid projects with decent returns here. Appreciate any insights and info!

The best staking coin is V-system all the way and there are still others like it out there but it am just into the project very much, forget POW coins because they are only profitable when markets is in happy mood, for POS you keep making your profits in any weather

[cryptoloverlife]

many exchanges also hold staking events such as in binance and others, I think to do mining will cost a lot and take a lot of time to monitor, I think buying altcoin POS or masternode will be better and starting staking I think it's easier just to rent a VPS rather than having to do mining

Instead of renting all those we need to buy and stake them in the market it will surely help you to make some decent profit in the long run. For buying hardware we need to spend lots of money instead of buying it is good to buy some POS, coin it will surely help you to make a decent return on your staking.

[makemecrypto]

Thank you all for sharing your thoughts! I keep doing my research and will keep you updated with more findings.

So far we have:

ALGORAND
TEZOS
DECRED
ATOM

on http://stakingrewards.com/

Tezos
Vidy Network
FRM
VRA

Let me know if I forgot anything. Also, I'd appreciate if you shared your personal experience with staking.

[zhekinsp]

I’m turning my eyes towards staking alts, since the market is struggling to pick itself up for the last 2 years and (probably) the only profitable thing in 2019 was mining. Let’s discuss solid projects with decent returns here. Appreciate any insights and info!

I guess both are not much profitable in 2019 since the value of altcoins goes tremendously down but not the mining difficulty so you might spend more money to mine a coin which worth lesser.Staking can be good to get some ROI but staking on any exchange for longer time period also got more risks so investing on a better coin and keeping them in a wallet will be better for 2020.

[imstillthebest]

staking is also not that simple as it looks like
you need to invest in the coins itself as each and every coin has there bare minimum balance required to start staking
most of the pos coins requires you to set up a system which can be online 24 7 for the wallet to run and act as a node
for this you can use raspberry pi as the power consumption will be very nominal
dpos coins does not need a system which is 24 7 online and once you vote delegates
you will receive your fair share over time which will keep on accumulating
also check and research about masternode coins
also a passive way to earn crypto

 i thought before that staking was the same as hodling or investing .  in short i found that easy but not now until i see your explanation but by the way thanks for that explanation of yours  . now im equiped with knowledge and i can use it next time if i decided to stake in addition to my hodling and mining activities  but to the comparison i think both mining and staking have a simillar difficulties because mining was not also easy as it require some certain requirements  .

[mrdeposit]

I’m turning my eyes towards staking alts, since the market is struggling to pick itself up for the last 2 years and (probably) the only profitable thing in 2019 was mining. Let’s discuss solid projects with decent returns here. Appreciate any insights and info!

Staking is one of the most talked-about topics in recent months. If the conditions are suitable for you, try. But look at the wallets, not the exchanges in this respect. Although you can keep the fund safe in your wallets, there is not this kind of chance at the exchange. Start exploring from the atomic wallet: https://atomicwallet.io/staking

[saba1256]

No doubt mining is profitable all the time but when the price was around $3400 in 2018 then various miner has left the mining due to not more profitable because of the cost of mining not generating more profit, As compare to shaking is profitable because you to have less cost than mining. So you can stake NRG Coin that is good profitable coin.

[Reid]

The most talked about is Ethereum 2.0.
I have read it but it looks like you will need large amount for it to profitable.
It is not really that different from other altcoins with staking process.

If it is cheap then I might bite into it but if the price would be as large as hundreds of dollars per piece then that would really be a problem specially when there will be billions of it.

[noictib]

I’m turning my eyes towards staking alts, since the market is struggling to pick itself up for the last 2 years and (probably) the only profitable thing in 2019 was mining. Let’s discuss solid projects with decent returns here. Appreciate any insights and info!

In my opinion you shouldn't  try to make earning by investment in mining like project because mining in not profitable since 2 year ( as I know) .
About 2-3 years back mining of etherium was profitable at some extent but now not because of high cost of electricity and high performance system (miner) .
But still you can go with the stacking , because stacking work can be done with simply install corresponding core wallet of the coin , and after that you have to run your pc daily and also you have to out the amount of the coin for which you are looking to get stacking  reward  .
My most loving coin to make stack is DGB , because it gives more reward then any another coin ( in my knowledge) .
So decide yourself according to it .

[sehoon]

Both are not profitable right now. But it's not bad in just taking chances. As of now, I'm not really into mining altcoins but staking does not give me a lot of money and most of the time, there is no pay in it. I still want to get into this community though.