do you do mining or staking?

[bitgolden]

I do staking a bit on BSC, that is not bad. If you put your BNB on pancakeswap they will give you cake in return of keeping your BNB there, obviously they are getting your LP shares so it is not free but I get to have Cake as well which is all I want. Secondly if I get that cake and farm it, I get to have syrup as well, which is awesome and can be used to get more return, and there is also other coins, you can use syrup or cake to stake other ones as well. You could also use that to buy lottery tickets as well and you would be making a bit of money too.

So long story short we are talking about a bunch of stuff that Cake can do and all you need is put your BNB in there and you are not even "giving" your bnb, you can unstake it anytime you want and you get your 2 bnb back, there is no risk of losing money, which is why I love it and that is what I have been doing.

[carlisle1]

there is many staking or mining coins.
staking coin like Tron or Vechain
or software mining coin like Pie or Pando

i do software mining with pie and pando both but
i have Tron and Vechain more than them.
but i stock them in exchange. because it is not easy to respond quickly.
and.. Pie or Pando, i just gathering through app or browser. i just keep it still.
but i don't know whether it can be big money or not.
Pando was listed on Bittrex but Pie is not yet.(i think Pie have no plan to register on exchange)

i just want to hear your investing strategy with staking or software mining,

None of them for now but i am planning in Staking not for crypto coins but for Gambling sites , because i am following a thread in gambling in which He seems to be successful in His Staking though not that High income but the risk is very Low.

Mining ? No i don't Mine or anything in this related but lets see in future , let me ask you frankly ? do you see Good return in Mining in software? of course not Cloud Mining .

[Ken_terrance]

I like staking because it's more easy, you don't have to spend some money on mining hardwares and so on but what I don't like about staking is the decrease in  value of the tokens you are staking while the staking period is ongoing, it's kinda dangerous too

[Ken_terrance]

I'm staking as many coins as possible on 7-days cycles. There are plenty of options for 10-15% APY, and I cannot force myself to miss it.
I tried mining a long time ago and figured out that the mining game is not for me.

Hi @Dutchyyy, I will like to ask you a question or two, which platform or wallet are you using for your staking that allows 7 days staking cycles? And what type of coins are you used to for staking? Names will be appreciated

[overttherainbow]

Staking is not so profitable is for me, i prefer crypto deposits. ARP there usually higher and you can earn it in btc

[Shallow]

Before going into staking, I think the person first and foremost must be ready to be a long term holder and not only that, he must be willing to agree with the risks associated with it, how? Most staking coins have different unstaking time, that is, when you stake your coins, it needs to remain that way for a certain period of time, thus once staked it will be locked until the time elapsed, but the issue there is, market factors always comes into play, they might miss many pumps, thus the token might dump badly later on hence resulting to losses, unless they hold again of course, it is only few coins that can still retain a good price depending on the team. Therefore, before staking, understand all you need to first and be prepared for it. As for me, I hardly have anything to do with staking, I prefer holding my coins and deciding when to sell or how long to hold before selling, nevertheless, some people still finds staking lucrative, therefore find one which suits you, maybe with a lower unstaking period and go for it.

[FireBallex]

Both mining and staking have their disadvantages, I prefer mining because it's more than a hobby to me, the feeling of building and making money everyday had some adventurous journey for me and I'm able to learn so many other things because of proof of work algorithm, staking coins is more easier and hassle free but rewards aren't still fixed, oh by that I mean the tokens you stake can lose good amount of value before you are able to receive your reward

[makishart]

Previously I was mining pie but since last month I have left it because I think pie only gives hope to members but has not been listed until now. And for now I prefer to join staking because I think it's more comfortable

That means the PIE coin was giving BS promise to the its miners lol. A crap coin with fake claim should not be trusted by anyone. It's happening so many times when people are starting to mine pr participate in the mining of PIE coin. I know that since a long time ago if pie coin was a garbage coin.
You guys should have marked it as scam coin.

[Maxstl007]

There is more to mining that meets the eye, through mining I am now able to know some things I've never thought I'd understand in my life, how PC components works, all those troubleshooting did end up adding more knowledgeable to myself, even now I can set up a complete solar panels that can power a whole house, a year ago I couldn't do this, the feeling of wanting to know more is very good, staking is just a easy way out

[Sourhearrt]

Mining gives more freedom, fire up your rigs, make that money right in your home and decide whatever you want, sell or hold? That's your choice to make, you are not entrusting your assets to any centralized platforms to make more money, the risk of Mining is more limited compared to staking

[Rowenta]

If you are a techy guy you can find fun in mining coins, configuring pools and others, apart from the money making side I like mining because it's fun, even when mining is less profitable in 2019 I still keep mining Ethereum, it's all about who you are, if you don't like mining then go for staking

[RabbiTANK]

If you plan on going for staking coins make sure you choose strong altcoins like NEO for staking, even if it losses value before a staking cycle ends there is certainty that it will recovers, there are also many scam staking coins out there, they promise high ROI, stay away from such POS coins

[RabbiTANK]

Mining cryptocurrency serves as practicing decentralization on other part if you look at it very well, the freedom of making money is presence, I love it more than staking but I do both, I trust binance ROI more but some said staking on Atomic wallet have the highest ROI

[Gunday_07]

I find peace and joy in mining than staking, I once stake a coin for months and it loses 60% value before the staking period ends, I was in loss and since that day I've make up my mind to never try staking again, mining is less risky in this part

[poodle63]

Definitely prefer staking though, don't need to go through all the hurdle and obstacle of setting up some mining rigs instead with staking I could simply join a staking pool or set up my own node and get done with it.
Also, with mining the profitability depends on your location and many factors it's just not worth it to solve all that problem when you're an individual with relatively low hashrate. Unless I got quite huge hashrate ready to fire up I won't be touching mining again maybe until things changes like difficulty getting lowered or such.

[Apostlekin$$$]

i do staking and trading buddy, and never mining
for daily or weekly income i do trading, but for long term hodl i will stake my coins, such as trx, eth and more

It's good if you are a expert in trading, to me trading is on another level of making money because sometimes you will lose money, with mining you get what you mine, it's even more profits when you hold, those who mined Ethereum through out 2019 and 2020 before the bull season started are now in money

[Gorosden]

You just have to find which one suits you best, I've tried mining, staking and trading, today I still find mining to be a less worrying way if making money and trading to be the most risky way of making money in crypto space but all in all I still find myself doing some trading till date

[Coin_trader]

You just have to find which one suits you best, I've tried mining, staking and trading, today I still find mining to be a less worrying way if making money and trading to be the most risky way of making money in crypto space but all in all I still find myself doing some trading till date

Both of the method that you mention are risky in different way. Mining is risky when your rig broken before you get ROI, Staking if the token price that you are staking dump hard since you can't move your tokens while at stake status and Lastly trading which all know how volatile this market.

Mining is worst for those user who live in a country with skyrocket electricity rate.

[JHORN]

You just have to find which one suits you best, I've tried mining, staking and trading, today I still find mining to be a less worrying way if making money and trading to be the most risky way of making money in crypto space but all in all I still find myself doing some trading till date

Both of the method that you mention are risky in different way. Mining is risky when your rig broken before you get ROI, Staking if the token price that you are staking dump hard since you can't move your tokens while at stake status and Lastly trading which all know how volatile this market.

Mining is worst for those user who live in a country with skyrocket electricity rate.

Rigs don't just broke like that, it's why learning before building rigs is very important, the only thing that is bad for mining rigs is heat, when building one you have to make sure that enough air are flowing in and out, cooling is must for your rigs to stay alive

[JHORN]

Mining is worst for those user who live in a country with skyrocket electricity rate.
[/quote]

Still depends, I'm from a country where electricity is very cheap but doesn't stay on for 24hours per day, most times we get 10 to 12 hours in a day, after doing research on green energy I find out that solar is even better for mining than electricity