do you do mining or staking?

[doctor877]

Staking and farming seems to be what will take over the crypto space especially for people who wants to be for long term. But my concern is the drop in token price that can happen with market behavior in anytime which will somehow not even be equal to your capital even with your reward. So it's better to stick to a project and go long on it with any staking or farming plan that makes that realizable.

[1715094405]

1715094405

[1715094405]

1715094405

[1715094405]

1715094405

[cryptonx]

i do staking my friend
because we don't need to buy any particular tools, staking is simpler than mining and more profitable,
if we can choose the right coins to stake my friend

[Shasha80]

In my opinion, if you want to make money mining and staking is not the right choice, because the profit offered by staking is very small.
And for mining software nowadays, there are many scams, so it is very risky for us to lose money. I suggest trading is much safer and profitable,
even from trading I can make 3% profit per day. That is a sizeable profit if accumulated for one month.

[kram31]

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.

Staking is not that easy as you said, you need to make sure that the project you plan to stake is a top altcoin or risk losing your money before your staking cycle is over, I will only stake coins on top 10 coinmarketcap rank

Correct, Staking is profitable if you manage to pick the right project to invest your money.

There are selections of staking coins out there but you have to really sort things out, you need to find deeper information to avoid
losing your chances, as there's also possibilities that with the wrong timing you'll lose the value of your investment in a split seconds.
Don't just buy and stake do your deeper research.

Yeah, your right Sir. I don't know if you heard about the BFG or known as Betfury, where their bounty campaign had been done recently
only. But their staking program to their platform in the gambling was surely good and which I think a lot of community here in cryptocurrency
will try to invest in it and use for sure.

[RealMalatesta]

Stake. Miming costs time

Really? Stake is the one that costs time here, you aren't getting any reward every day until your staking period is over, if it's annual then you have to wait till after a year to get paid, but for mining things are different, you get paid every day and you can decide to withdraw every week or months too, mining gives full freedom and control

Yes you are right about staking taking time; but on the smart chain (pancakswap to be precise) you can join a staking pool anytime and as well harvest your stakes or unstake at basically anytime. In generally; it is safe to say that both mining and staking takes time to yield; the true question is how much are you mining per day ? how much doe your stake yield daily? this is what you should look into and let it guide your decision about staking or mining

Pancakeswap staking and proof of staking some coin like ETH are two different type of staking. This is why they are different but they are a bit similar. In proof of stake for eth type of situations you have money in your account which should give you some profit but it may take from days to even months if you have lowest amount, which is why it takes time whereas in pancakeswap type of things you create a pool and you get your share from it, so you do not have to wait and you make a huge return in those bsc investments with huge APY if you are lucky but they are also very risky if they blow up the contract and take everyone's money.

At the end of the day we are talking about something that takes time but at least we know that we put our money in and we take more money out, in mining things are a bit more riskier and even though they earn well, they also deserve it for managing all these transactions be secure.

[kooboat]

Staking  is a very easy  and convenient  way to earn  passively  with crypto. In my opinion, I see mining as very technical   compared to staking. There are alot of POS coins on  the market,  which can  easily be staked  for a good ROI on several  avenues  including  decentralized  platforms.

[Kong Hey Pakboy]

if only given these two options then I prefer to stake at a trusted exchange and of course the coin I choose must also have the potential because by staking we as users don't need capital to buy mining equipment and don't think about the electricity costs involved need when mining.

Indeed. I also prefer staking to mining because you don't need to spend expensive mining equipment such as high-end GPUs and pay for an electricity bill to earn a coin that you only need a few resources for you to able to participate in staking. Also, the amount of the coin you stake will increase depending on how long you will hold it in an exchange or wallet.

[k@suy]

I personally want staking, because I don't have a good device for mining, it will also consume time for me and electricity, I think if you only have one unit or device it is not economically friendly, the amount you will get from mining could be enough for your electric bill, well it depends actually because in here electricity is expensive, so I rather choose staking. It will not consume so much time, I will only choose weeks or several months depending on the current price and chart.

[Mighty_crypt]

Staking and mining have their advantages and disadvantages, you just have to find the one that you really like, I prefer mining over staking but I do both anyways, I've been a fan of Mining since 2017 and that was how I started my cryptocurrency journey

[kevinzxz]

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 do both, because I think for now staking and mining is still give me profit (I can get passive income from both of them), so I'm still doing both and I'm staking on Proton Wallet and Trust Wallet, then for now I'm mining Ethereum, because I see the price of Ethereum has risen very high ($1300) and this is my reason to mining Ethereum again, because with the current price of Ethereum, then I think mining Ethereum is very profitable and I believe the price of Ethereum will increase higher than the current price, so it will give me a big profit from mining Ethereum at this time.

[LogitechMouse]

I just started staking weeks ago for passive income. I don't want to mine coins and can't afford too that is why I just choose staking.

Just recently, I made some adjustments in my crypto portfolio and I decided to pick one staking coin which is ADA. I know that there is a risk in staking but I'm ready for whatever situations might happen like what if the price of it goes down etc.

Both of them have pros and cons. Its just that staking is applicable to me while mining doesn't because of the high electricity fees here in our country .

[Alexmagn84]

They are making you appear as though mining it so you can appreciate it regardless of whether it appears to be that you are squandering your energy and your telephone's exhibition which reduces the life expectancy of it. Furthermore, in case you are marking on trades. I am certain after some time counterfeit mining will be disintegrated by the huge mining organizations today.

[Pamadar]

I prefer staking rather than mining. I do not have computer components that capable of dealing a huge power to mine cryptocurrency so I do staking for now. You can earn in staking without buying computer stuff. I just do staking in Binance and I will do staking if I have money to set in it. We don't have stable internet connection so definitely I will recommend to do staking. It will sure income if you set 15 days or 30 days depends on your prefer percentage will you stake.

As long as you do your research looking for good coins that really have a high potential.

Staking inside established and reputable exchange like binance give you a better chance of earning money, you just have to make sure to fix the right coin to stake, better than holding coin and wait for it to increase its value, staking gives you twice opportunities, if you are lucky enough the coin also pump high and gives best outcome.

[Handsome Boy]

Have you already heard of NEXT exchange and their standards? Excited by the uniqueness of the ecosystem guys are bringing, especially:

Individual blockchain wallets for each trader (private key exporting as a planned feature)

Main and trading account balances making use of hot and cold wallets.

On-exchange transactions recorded on the Blockchain

What are your favs? You saw their website https://next.exchange?

I only do staking, because mining requires a lot of capital (VGA, electricity, etc.), therefore I don't do mining (the capital that I have is not enough to do mining) and in my opinion, staking also provides a decent passive income, then the capital for staking also does not need a lot of capital and of course the way to do staking is very easy (not as complicated as when we do mining), because we only use the application for staking and just waiting to get passive income (no need to monitor it all the time), that's why I prefer staking rather than mining.

[jerry0]

Best coins to stake right now where the price won't drop?

[Winscosinally]

The problem with staking coins is price dump, if you must stake for one reason or another make sure you use top altcoins only, I like lending on binance, I once lend out usdt for some profits and it was good, I have no fear of loss because usdt is a stable coin

[New_order]

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,

You are planning to make profits out of these coins isn't it? Either staking or mining you gotta make money out of them, it's good you engage in both, there is not much difference between the two, I do like mining not because of anything else but fun, staking is cool too if you go for the best coins, Tron is good and reliable

[Anonylz]

https://www.stakingrewards.com/
Staking has one serious drawback - it's unlock time.
The time of unlocking is different for each coin - from several weeks to several months. And during this time, the price of the coin can drop dramatically.
In a growing market, I think there are more opportunities to earn money without staking.

The unlock period is a serious drawback and I just came to realise that very recently, am staking dia on binance with unlock period of 45 days (the one I choose) quite frankly the reward is not worth the long period my assets will be locked and since I can't unlock I have to watch helplessly as dia price rise up and down, an opportunity for quick flip and accumulate,

I just thought to give it a try but won't wast my time on staking for now especially with not so attractive reward,  I will test some of their other offers to see which will be more profitable.

[Rehan Zakir]

These are both new techniques of earning.
Staking is a process of holding cryptocurrency coins. We provides liquidity to the network of coin. That's how we get them from staking in the form of coins.
Staking is more profitable than mining because staking takes less money and more profit.

[Kang TB]

These are both new techniques of earning.
Staking is a process of holding cryptocurrency coins. We provides liquidity to the network of coin. That's how we get them from staking in the form of coins.
Staking is more profitable than mining because staking takes less money and more profit.

comparing staking and mining is not a good idea, because few people will like to mine a coins, but the other ones will love to stake their coins
but, for me to get income from this crypto world, i choose trading