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Author Topic: do you do mining or staking?  (Read 822 times)
tvplus006
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January 23, 2021, 11:58:35 AM
 #41

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

This would be true if those ETH coins that were mined in 2019-2020 were not immediately sold. But this is exactly what most miners do, who need to cover the costs associated with mining. Staking differs from mining in that it does not require equipment and maintenance costs.

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January 23, 2021, 01:19:51 PM
 #42

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
What coins did you stake? Be careful bro because there are so many staking coins that eventually end up being scam, if you have a plan to staking then try AME because you will get a fairly large return

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January 23, 2021, 01:51:42 PM
 #43

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
What coins did you stake? Be careful bro because there are so many staking coins that eventually end up being scam, if you have a plan to staking then try AME because you will get a fairly large return
If in doubt, better not to do staking at all. I personally have my tokens on the stake program and those are great tokens I believe for because I don’t want to lose money from the shit projects and yes, not all staking are profitable so always choose the best for you. Mining are still profitable to those who have a greater equipments to make this possible, but if you are new and planning to do mining, then you must have the spare money for this.
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January 23, 2021, 02:05:59 PM
 #44

I haven't mined until now, but sometimes I have staked. The biggest problem in mining business is electricity consumption and it is very expensive. It matters which coin you mine. In the staking business, it is not clear how the coin will act.
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January 23, 2021, 02:21:08 PM
 #45

There is nothing wrong to mine and stake at the same time, making money in two ways is very good and can be very helpful, POS coins are sometimes disappointing but if you choose those with fair rewards there won't be any problem

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January 23, 2021, 02:22:58 PM
 #46

I haven't mined until now, but sometimes I have staked. The biggest problem in mining business is electricity consumption and it is very expensive. It matters which coin you mine. In the staking business, it is not clear how the coin will act.
In staking business it's safer to choose top altcoins for staking, they hardly lose value and even if Bitcoin drags them down they will recover, the mistake that many newbies are doing this days is looking into new altcoins that promised high percentage of returns and such coins don't live long

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January 23, 2021, 02:34:56 PM
 #47

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,

I think as of the moment, there is one of the staking platform in which I think it is a good start to experience in terms of staking.
And this was Betfury, but you need to buy their token BFG for you to be able to avail their staking programs to their platform in the
gambling site. The higher BFG you have in the balance to their gambling platform is the higher you get in staking program in bitcoin, ETH, TRX, BTT and USDT. But disclaimer only I am not promoting BFG instead I am just stating that they have a staking programs were I think it is good.

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January 23, 2021, 07:45:49 PM
 #48

Mining of nowadays requires huge fund to buy either hardware or software which is used for mining. And in the recent time, the earning is no longer attractive considering the time and energy consumption used in mining. I think staking is better now. Although both cannot compared to trading earning if one has the basic skills required for successful trading.
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January 23, 2021, 07:50:26 PM
 #49

I'm staking right now just to test how profitable it will be on practice, because I'm not fully confident of its potential yet. It looks much more interesting to just invest in bitcoins (even if you let your btcs idle without earning any interest) and wait till it skyrockets. The profit chance is much higher compared to any staked coins, I mean.
Every investor must be aware that these many investment options besides bitcoin in crypto market is probably a strategy from other investors and developers to get your money out of the real good investment, that is btc, to stake on their coins.

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January 24, 2021, 04:49:14 PM
 #50

Mining, because I'm in total control of what I earn and also I can earn more if I want, there is this feeling of full decentralized when mining coins with electricity and getting paid, its more easier to stake as everyone said but it's fun setting up mining rigs and doing the counting etc

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January 24, 2021, 09:17:42 PM
 #51

If you can best is both. Stacking cardano and mining ETH or something else. With price going up probably for most alt you cant be wrong at the moment.
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January 24, 2021, 09:25:04 PM
 #52

Staking is nearly as profitable as the mining or trading of cryptocurrencies, and without risk. All you have to do is stake (buy & hold) some coins in order to get added to the mining pool. As for profits, the actual profits you can make from staking will depend on how much you vest and for how long.
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January 24, 2021, 09:32:50 PM
 #53

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,
Recently started staking Eth on binance, so far so good but the only thing i have noticed is that the staking rewards are getting smaller everyday as more eth are being staked and they will probably stabilized around 5 percent annual returns so if ethereum grows expensive which is highly expected these returns will be very decent in the future.

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January 24, 2021, 11:25:13 PM
 #54

Mining is very hard especially if you are not hardware techy person, there will have many trouble issue as beginning. I have try to mining and have some hardware issue so i choose to sell all of them. Now im seeking opportunity to earn coin by staking program, but most of them need many coins to be staked to start.

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January 24, 2021, 11:46:51 PM
 #55

~
I just want to hear your investing strategy with staking or software mining,
I did not choose both, because I was not interested, especially it took a long time. in staking there is often a certain period to unlock, while the market cannot wait because of the very high price fluctuations. I prefer trading.
well, this is only based on my personal opinion, everyone has their own preferences, as long as they understand the risks and can implement the right strategy, you can definitely get profit,

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January 25, 2021, 12:05:12 AM
 #56

If you can best is both. Stacking cardano and mining ETH or something else. With price going up probably for most alt you cant be wrong at the moment.
Mining ethereum not worth anymore for the small miners and if you have not yet tried it and just try that now. It's better to staking the coins rather than try to mine crypto. You didn't need to think about the electricity cost and the block reward that can decrease anytime.
I personally will never try to pick the mining again as it's already outdated.

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January 25, 2021, 12:18:39 AM
 #57

Now im seeking opportunity to earn coin by staking program, but most of them need many coins to be staked to start.
you have to try staking pool which does not need requirement balance. I hear binance had eth pool staking with 0,0001 ETH minimum for a stake.

but do not get into the trap by joining the fake pool. research first before action.

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January 25, 2021, 12:22:04 AM
 #58

That's what I think everyone in this market for a while will do it. That's a pretty good way to pay off, nowadays I also staking the coins I hold, and it's great to see it increase and also get the benefits of staking.

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romero121
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January 25, 2021, 12:53:48 AM
 #59

If you can best is both. Stacking cardano and mining ETH or something else. With price going up probably for most alt you cant be wrong at the moment.
Mining ethereum not worth anymore for the small miners and if you have not yet tried it and just try that now. It's better to staking the coins rather than try to mine crypto. You didn't need to think about the electricity cost and the block reward that can decrease anytime.
I personally will never try to pick the mining again as it's already outdated.
yes, mining requires a lot of money, moreover every day you have to pay electricity bills and maintenance costs too, it's better Stacking or farming is more profitable than mining, I've also been stacking and farming for a long time and the results are quite profitable
With mining it is possible to profit, and for the same we need to set the farms in a location where there is low electricity consumption charge. Apart from this, the market movement is the one that predicts the profitability of the mining. Large scale miners also has the same complication, but they'll easily overcome it with the rewards.

Once I was into mining, at some point the price of ethereum was close around $220. By the time my GPU mines about 1 ethereum per month. The bad thing I spend around $200 for electricity consumption. By the time if I had managed to hold those now that could've profited me. With that I stopped mining and sold all the miners.

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Santri
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January 25, 2021, 07:33:29 AM
 #60

mining is very costly and for now mining does not provide sufficient income to small miners, it is more efficient to join staking or farming because we don't have to pay anything, there are no electricity costs or machine maintenance costs

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