Staking vs. mining altcoins

[Mealea]

I think staking is one very good thing to do now with the state of the market. Increasing your portfolio through staking will surely pay off in the time to come.

[ajiz138]

Mining and staking have their respective advantages and disadvantages. Staking can indeed be done by anyone easily because they only buy coins with a specified amount to do staking. However, mining requires hardware to do block mining. VGA hardware has a pretty expensive price, the more VGA the faster it will be to mine.

[Getmon]

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!

Mining is not the only profitable thing in 2019. Many are even getting out of it because of the cost. You cannot get into mining if you don't have enough money to start with. Mining is expensive. Staking is the better option. It may also be expensive depending on the amount of coin that is required but at least you don't have to buy costly rigs and pay expensive electrical cost.

[Xxmodded]

Between staking and mining I think very easy if use money for investing with IEO of ICO project, just waiting when listing on exchange market then sell our coin and get much profit, for staking have waiting each month to receive our payment and never sell coin assets use for staking in want to get reward, how ever always have lower price with staking coin and get lost but mining have the same thing with lower earning every day.

[FireBallex]

You will spend more money on mining rigs than just buying coins and start staking in your wallet, they are both good if you have the money but Staking is just easier and stress free

[joshy23]

You will spend more money on mining rigs than just buying coins and start staking in your wallet, they are both good if you have the money but Staking is just easier and stress free

Staking the right coin will lessen your stress, most of those people who understand this type of investment choose staking coins which experiencing some downfall. Instead of trying to scalp or short their trades they've choose to hold and stake the coin and earned rewards. Research and pick the right coin to invest your money keep your eyes open and take the risk.

[TastyChillySauce00]

Between staking and mining I think very easy if use money for investing with IEO of ICO project, just waiting when listing on exchange market then sell our coin and get much profit, for staking have waiting each month to receive our payment and never sell coin assets use for staking in want to get reward, how ever always have lower price with staking coin and get lost but mining have the same thing with lower earning every day.

The risk involved when it comes to staking is the price fluctuation indeed. But, it's a lot safer than investing in IEO or ICO because at least you can observe the market while staking but investing in IEO and ICO the dumping usually happens in a matter of minutes and you will always miss it. You need to consider the fact that if you are staking the top 20 coins it will increase the safety of your money and the IEO or ICO project could turn into an exit scam anytime.

[Apened]

There is a huge possibility to earn big amount on staking, honestly i have no idea how it works before but knowing it in this past months is really good thing. Imagine how much you might earn however in order to earn big amount you should have a big capital as well to have a huge stake amount.

[joseyphil82]

Mining rigs is more expensive, you have to pay for electricity and your rigs can break down at any point in time, the safest option is Proof of Stake coins, costly too but better

[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

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.

not only hardware even we have to calculate the cost of paying electricity and others to do mining, obviously it needs to be calculated sometimes mining must pay attention to altcoin which is really profitable for example mining on altcoin with a low difficulty level, staking whether it's with a system from masternode or POS and others will be more profitable than buying hardware is better to buy Altcoin that supports POS or masternode

[tbone777]

In my opinion staking is not so intresting. 1-3% arp is nothing for me

[Vishnu.Reang]

Mining rigs is more expensive, you have to pay for electricity and your rigs can break down at any point in time, the safest option is Proof of Stake coins, costly too but better

Is staking any less expensive? For many of the PoW coins, there is a minimum threshold and therefore you need to invest a big amount initially. And from what I have seen many of such coins have gone down heavily in the market and even with the staking reward, the ROI is negative in most cases. I would say that the current state of the market is not very conductive towards either mining or staking.

[jessyj48]

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 all the way pal, there is no need to worry about electricity costs or GPU burning out on you, staking is even more safer since you are going to stake in your wallet you are holding its private key, its a total stress free

[upyem2k]

I believe in earning through staking more profitable than mining. You can invest as low as you have in staking an altcoin but buying a mining rig is expensive and the earnings made from mining is quite discouraging. TLS staking proposes 30% return earnings on monthly base and I'm sure that no mining rig gives such returns.

[wildan88]

I believe in earning through staking more profitable than mining. You can invest as low as you have in staking an altcoin but buying a mining rig is expensive and the earnings made from mining is quite discouraging. TLS staking proposes 30% return earnings on monthly base and I'm sure that no mining rig gives such returns.

binance has a staking feature with quite a lot of options for altcoins and various offers, this method is a little simpler than mining, and most of it is better to go with proof of staking (POS) because of the low cost efficiency. besides that we have to choose a good POS coin for the long term, of course, staking requires a long time so it must really have a good project. because we know the fluctuation of crypto is quite risky and the price doesn't always go above.

[cryptoadept]

I believe in earning through staking more profitable than mining. You can invest as low as you have in staking an altcoin but buying a mining rig is expensive and the earnings made from mining is quite discouraging. TLS staking proposes 30% return earnings on monthly base and I'm sure that no mining rig gives such returns.

binance has a staking feature with quite a lot of options for altcoins and various offers, this method is a little simpler than mining, and most of it is better to go with proof of staking (POS) because of the low cost efficiency. besides that we have to choose a good POS coin for the long term, of course, staking requires a long time so it must really have a good project.

Just be careful with that as you may loose your stake since PoS nodes can be easily bribed. https://github.com/zack-bitcoin/amoveo/blob/master/docs/other_blockchains/bribery.md

[lunnatic]

I believe in earning through staking more profitable than mining. You can invest as low as you have in staking an altcoin but buying a mining rig is expensive and the earnings made from mining is quite discouraging. TLS staking proposes 30% return earnings on monthly base and I'm sure that no mining rig gives such returns.

binance has a staking feature with quite a lot of options for altcoins and various offers, this method is a little simpler than mining, and most of it is better to go with proof of staking (POS) because of the low cost efficiency. besides that we have to choose a good POS coin for the long term, of course, staking requires a long time so it must really have a good project. because we know the fluctuation of crypto is quite risky and the price doesn't always go above.

I just found out that Binance has a staking feature? but in my opinion mining is the best way to get profit, if you try staking make sure you also choose the program from coins or projects with good fundamentals, like waves or ethereum, but ethereum implemented POS in 2020

[mobilestrike]

I believe in earning through staking more profitable than mining. You can invest as low as you have in staking an altcoin but buying a mining rig is expensive and the earnings made from mining is quite discouraging. TLS staking proposes 30% return earnings on monthly base and I'm sure that no mining rig gives such returns.

binance has a staking feature with quite a lot of options for altcoins and various offers, this method is a little simpler than mining, and most of it is better to go with proof of staking (POS) because of the low cost efficiency. besides that we have to choose a good POS coin for the long term, of course, staking requires a long time so it must really have a good project. because we know the fluctuation of crypto is quite risky and the price doesn't always go above.

I just found out that Binance has a staking feature? but in my opinion mining is the best way to get profit, if you try staking make sure you also choose the program from coins or projects with good fundamentals, like waves or ethereum, but ethereum implemented POS in 2020

Ethereum is a good option for OP as you mentioned that it will implement POS in the coming year so if anyone will collect ETH from now they will have a good amount till the time when POS will be implemented. I am suggesting to buy now because I know that a lot of people are mining ETH now and they all will sell their everything and will buy ETH to be prepared for staking and at that time the price will reach to a highest value so the current buyers will get two benefits, one will be that when the price increase and they get profit the other is they will get a good amount with low price before the pump.

[10BTCaDay]

staking it will be the trend of 2020. if you look at what kind of updates the exchanges are doing, then they are all preparing for the fact that next year coin staking will be available on their exchanges.

[LuckyBtc]

staking it will be the trend of 2020. if you look at what kind of updates the exchanges are doing, then they are all preparing for the fact that next year coin staking will be available on their exchanges.

Staking is already trending, Coinbase and Binance already have Staking as service, Other exchanges will follow. Tezos,ATOM,KMD etc will have tremendous price surge when FOMO kicks in.