Staking vs. mining altcoins

[puremage111]

Coin Staking is definitely more eco friendly and power consumption friendly than mining altcoins
I agree POW is good at some point but it is wasting too much electrics
But its similar like how people run their server with tons of hardware, its the same thing

Overall, both POS/POW have their pros and cons
But anyhow Ethereum transisting from POW > Full POS
We all know staking seems better

[Shepard777]

I have never been involved in mining, but I think that it is really worth remembering about it, I just think that everyone remembers the GRIN project that entered the market and made rich some miners who started to mine it from the start, because at any moment on the horizon the same a potentially good project that can turn the cryptocurrency mining industry upside down again, you must always be vigilant.

[joseyphil82]

I prefer investing on old pos coins, i don't get intention of going back to mining soon because its not profitable like before and most new altcoins with low difficulties are shitcoins, staking all the way for me

[bitkanu]

I prefer investing on old pos coins, i don't get intention of going back to mining soon because its not profitable like before and most new altcoins with low difficulties are shitcoins, staking all the way for me

that's true. mining is not worth anymore. So many old miners are coming to the old altcoin. I seen some altcoins were getting a huge increase on its hashrate. But how profitable the staking coin depends on how much your coin in your wallet and staking yield. It's not easy to decide whether it will be profitable or not

[asus09]

I prefer investing on old pos coins, i don't get intention of going back to mining soon because its not profitable like before and most new altcoins with low difficulties are shitcoins, staking all the way for me

that's true. mining is not worth anymore. So many old miners are coming to the old altcoin. I seen some altcoins were getting a huge increase on its hashrate. But how profitable the staking coin depends on how much your coin in your wallet and staking yield. It's not easy to decide whether it will be profitable or not

I think this topic have made before by some one and OP try to make the same topic discussing about which one better staking and mining both ways to earn bitcoin, I have good opinion better staking than mining to earn bitcoin because with staking you only need hold your assets in some altcoin support with staking and waiting for distribution not like bitcoin mining have to prepare mining tools and keep good access electric and internet.

[adsdas]

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!

Of course with anyone has huge investment can have profit from Mining because it is a stable solution for long term investment, however, with someone don't have that much money, staking is a good choice, rightnow with the market situation, mining make us harder to have profit but sraking is rising and getting more attentions from investors, it is truely a good investment as long as we know about the coin well enough to invest.

[el kaka22]

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 not as rewarding as people may think. You think it doesn't affect the price as much as miners because miners mine those coins and have a "cost" which is basically electricity and so forth, which means they will sell it to cover that and that is why miner based coins look worse.

However, reality is that people who do staking and coins that are stake based also give people free money which means they didn't do anything but just keep money on their wallets and that means they are literally dropping the average of how much they spend for a certain coin which is why it does reflect on the price of the coin as well. When you invest 1000 dollars to a coin and make 50 bucks, if the coins worth drops to 900, you didn't make any profits, you lost 50 bucks, so getting money for "free" doesn't make you rich overnight. It still could work out don't get me wrong, however that doesn't mean it will certainly be greatly profitable for you neither.

[Oni Trading]

Staking has always been risk vs reward game. In other words, solid projects generate low stake rate, 1-3%, max 5% and this stake rate is often to low and hardly worth of your time. Risky projects offer higher interest rates, usually 10%, 20%, 100%. However, these projects usually crash and burn due to this high inflation rate negatively affecting the price.

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[Pearls Before Swine]

staking is also not that simple as it looks like

No, it pretty much *is* as simple as it looks.  How about Neo?  You don't have to keep the wallet open and running all the time, unlike all the other pos coins.  And even if you do have to do that, it really isn't a big deal and it doesn't require much maintenance or attention.

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

Yes, and as you mentioned one can easily do this with a raspberry pi that doesn't consume much energy at all. 

Navcoin and pivx are two of my favorites in addition to Neo, and those are the only ones I've tried staking.  I never earned much with Nav since I never owned much, but I made quite a few pivx.  Unfortunately it's price has dropped so low that I wouldn't stake it now.  Neo on the other hand has held most of its value over the past 6 months or so even tho it dropped a *lot* since its all time high.

[btcdie]

Mining with the concept of staking lately is often discussed by some people, and some consider it as a new method with energy saving, more precisely with the release of ETH 2.0 next year, making people even more curious and asking about mining staking. PoW and PoS have their own advantages and disadvantages. The staking method is more prominent by requiring capital, for example ETH 2.0 with a minimum of 32 coins, and for me not being able to get that many coins.

PoW also requires a lot of capital, besides the price of electricity, GPUs are also expensive these days. so do your research and consider it yourself.

[biddicoin]

Both staking and mining need much resource to get good profit. moreover, mining needs more than staking
mining needs RIG, electricity, maintenance. it's not cheap and easy. and hasrate would increase everytime. you must consider that
staking is slighty easier. there are many exchanges which hold staking services, so you can just only invest and get return.

[Hardcore-coin]

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!

There is a lot projects with available staking now. A lot of them can be finded in Binanve Exchange (like stellar, so on). Also good is MCO.

[ntsdm1]

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!

It seems to me that mining in 2019 has not become profitable at all.Soon there will be an opportunity to put Ethereum in the steak.I think the income from this will be much more than from mining.

[dark08]

Since I'm a long term holder I prefered the staking but you need a good amount of altcoin to invest and its no guarantee that you will earn a good profit since the price are volatility, In other words this two need a huge amount of money to invest.

[jameshugo17]

In the past, mining was much more profitable. Those who want to do mining now need to get the power almost free. The Lightning Network can become even more widespread. In this case, early node builders can benefit from transfer fees.

[Duzter]

Since I'm a long term holder I prefered the staking but you need a good amount of altcoin to invest and its no guarantee that you will earn a good profit since the price are volatility, In other words this two need a huge amount of money to invest.

My choice of investment will also staking. Already I've learned the investment required for setting up mining machines for altcoins. With what we invest into mining it is possible to stake good. More we stake more will be the earning out of the same. With mining the complications were also high, electricity, maintained and various other things too need to be considered when mining farm or a machine is set.

[doedz]

Since I'm a long term holder I prefered the staking but you need a good amount of altcoin to invest and its no guarantee that you will earn a good profit since the price are volatility, In other words this two need a huge amount of money to invest.

What coin do you hold?
since 2017 I have observed that bitcoin price movements tend to decline followed by several other altcoins.
I guess you have a big loss right now.
What moment are you waiting for to return your assets?

[xiboothrezi]

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.

Actually profitable, but the percentage of recovery or compensation that is not too large makes it look like not too bright. But it is quite comparable to a smaller risk compared to trading that is quite risky at this time. Think of it as passive income, for staking.

[fuer44]

yes, the market for the last 2 years is indeed bad, the ico or ieo project is like that but with mining, I think that hasn't solved the problem. because even minning we also need a lot of costs while the market does not provide any guarantees for it. staking is still valuable, it's just that because the market is falling or the project has not paid, so it will look a little bad.

[Kotone]

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 think same cause either mining or staking, since it both needs capital, but I think mining has a higher expenditure since you spend on electricity, and internet aside from the unit or rig itself. Staking is much lesser hassle, since you only need to have coins or tokens for staking but the problem here is not much profit compared to mining but also can give you leverage income too.