Staking vs. mining altcoins

[jagaban]

Not gonna lie. Staking scares me because of the way the market is today. I am going to be honest, I still think mining is a more profitable venture than staking.

[1713273187]

1713273187

[1713273187]

1713273187

[1713273187]

1713273187

[tenakha]

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 depends on your choice. On the one hand, consider the money and earnings you will spend on equipment that will be needed for mining, on the other, consider the money you will spend and earn on staking. Even compare the risks you will take. If I were you, I would choose trade, not any of them. The amount you spend for mining is a lot and the earnings are low. Also, staking is not suitable as my investment is frozen for a long time and provides little profit. The choice is yours.

[oscarftw]

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 wouldn't like to prefer with you staking, if you have enough money to run mining program even if you don't have country legitimate problem. Because still staking isn't profitable but about Ethereum 2.0, staking could be better. I found only low volume coin which is offering huge staking bonus.

[btc-facebook]

I think for coins that have a large profit potential when mined are coins that have a good rating in CMC, besides that only coins that are not good if for investment, because the feasibility of being accepted in the market is still very small. different from coins that have a good rating in CMC, such as BCH, ETH, ADA, TRX, etc.

[crossabdd]

in security, profits and sufficient funds. I would suggest mining. because all control is on your own. but for simple ones, staking is the best option at the moment. than HYIP. it's just that staking is done in a good place, such as staking TRX on binance. Staking ONT on upbit.

[pakhitheboss]

Has anyone tried Binance Staking?

I heard no fee involved and at the same time, the minimum amount of Altcoin required is also less.

ALGORAND
TEZOS
DECRED
ATOM

are already present on that platform, you need to just buy them and start your passive income. Is there any hidden fee or something else. It sounds to easy to be true.

[crisanto01]

in security, profits and sufficient funds. I would suggest mining. because all control is on your own. but for simple ones, staking is the best option at the moment. than HYIP. it's just that staking is done in a good place, such as staking TRX on binance. Staking ONT on upbit.

Yes, if you can afford mining why not, I would also suggest this as mining is one way to have a good source of income unlike staking wherein you will just be given few amount of money, that you need to wait for a year for you to see that you are earning, what if the price dumps, then you also lose amount of money, so I prefer mining, too costly but worth it.

[amazigh15]

If you have a good material mining is good and for the staking you need a good capital to buy the coins

[ganeshramk]

Staking is not simple but it is simpler than mining. You don't need computing powers like what is needed for mining. I am curiously waiting for ETH staking to start. For TRON, its easy for me to stake in Binance.

[johnwest]

Have you tried mining any coin these days..? Its not that easy to make profit these days. Also, if you are trying to mine altcoins then the market fluctuations will make it worse. Staking is also hard as there are lots of things to consider and manage. But easier than mining a coin.

[Lagduf]

Not gonna lie. Staking scares me because of the way the market is today. I am going to be honest, I still think mining is a more profitable venture than staking.

what makes you feel scared about the staking method? As far as i know, there is no need to worry about that. It looks like the POW trend will be changed. Bitcoin will reach its total supply and miners from bitcoin will be moving to the altcoin. that makes a big migration of the bitcoin hashrate power to the altcoin hashrate power. Im not sure if that will be more profitable than staking while you need a bunch of mining rig to make it becomes profitable. I still hold staking as the best choice in this case to bring us to the profit.

[aomakun]

Have you tried mining any coin these days..? Its not that easy to make profit these days. Also, if you are trying to mine altcoins then the market fluctuations will make it worse. Staking is also hard as there are lots of things to consider and manage. But easier than mining a coin.

I also heard some opinions that mining is not suitable at a time like this because the results are not in accordance with expenditure and also time. so I think it's better to just trade on altcoin, but if it's profitable for mining so just continue

[asus09]

Have you tried mining any coin these days..? Its not that easy to make profit these days. Also, if you are trying to mine altcoins then the market fluctuations will make it worse. Staking is also hard as there are lots of things to consider and manage. But easier than mining a coin.

I also heard some opinions that mining is not suitable at a time like this because the results are not in accordance with expenditure and also time. so I think it's better to just trade on altcoin, but if it's profitable for mining so just continue

I need recommendation can some one give me which one altcoin potential for staking and have big chance keep stable price and get much profit after one month later staking, I have check with many altcoin but look not good price after one month later because almot of altcoin have lower price, for mining bitcoin maybe not good choose because little profit every month and waiting one year get money back if altcoin mining keep higher price.

[Irviyandi]

Risking what you have and what you master, I feel is inappropriate and move on to new things that you do not fully understand. It would be better if you maintain what you are doing now and you try new things like mining that you want to pursue.

[uray]

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

We are still in 2019 and how come you predicted the future as if POS is implemented next year  . My advice to you is that, the risk of trusting your coins with a third party can be a disaster as you cannot trust these sites and stake your coins thinking it will give you a profit and we had so many bad things happened in this short life span of this market and hence i will not risk any coins and when it comes to mining unless you have free or low tariff power supply it is not profitable to mine now a days.

[red4slash]

Risking what you have and what you master, I feel is inappropriate and move on to new things that you do not fully understand. It would be better if you maintain what you are doing now and you try new things like mining that you want to pursue.

actually we may try new things but we don't forget things that are already mastered because if we learn new things, it will take time too. it's better to do it together so you have income before you become an expert at trading

[tartibaya]

Bitcoin or Ethereum mining I think it is very enjoyable. Nice to make money. But mining is a different pleasure. I like being busy with computer parts. Electricity costs too much. Now it makes more sense to take altcoin instead of mining.

[nekonyun]

I chose altcoin staking because it is easy and does not require mining tools. For current results, staking is more profitable because mining requires electricity

[#Darren]

What would push you towards decision to stack altcoins? There are going deeper and deeper and you cannot cover your loses with rewards from staking, because they are too small. Mining seems much more attractive for me.

[Peanyut991]

In the current crypto market conditions both of them can not provide great benefits for you. Staking or Mining at this time can not provide definite benefits, I suggest to save your money first, wait until the crypto market conditions begin to improve and stable.