How good is staking coins?

[Xal0lex]

I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......

It's a mauvais ton to talk about your profits, so I don't think anyone will share the real numbers with you. If we're talking about profitable steaking, it's a profitable activity, for sure, but I'm not sure it's worthwhile for a coin like DOGE. I'd recommend to use more proven projects, like SOL, DOT, ADA, ATOM, NEAR. Those projects that already have proven liquidity pools. And you should never chase a high APY, because such pools have very high volatile losses.

Check out the stacking coins in this service: https://www.stakingrewards.com

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[LaCucina]

Yeah of cause you cannot compare mining with staking because mining costs way more to set up and pays more but staking is more of HODLing the crypto assets that you have in other to get some passive income from them instead of just HODL them in your wallet. Staking is not as Profitable as mining but you still good for holding stakable coins/tokens.

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

[Odusko]

Staking is one of the ways to earn passively from the network and it's a form of support for the market, all that is needed is your coins to be staked in the pool and help the coin network and you get rewarded as the coin activities and transactions and the owner get rewarded according to the amount of coin being staked.

[tvplus006]

...But for someone who is expecting the staking to give returns in few months has more chances to disappoint you because you may get upto 10% return in a year while the coin has potential of losing its 50% value in few hours.

Thus, placing coins in staking is allowed only if you decide to hold the coin for a long time until the price of the coin reaches the maximum at which you decided to sell it. In this case, by the time you sell the coins, you can increase their number in your wallet, through staking.

[kaya11]

I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......

There could be decent earnings in staking base on the amount, currently I am staking my BNB on their exchange Binance. It is better than staying there doing nothing. There are lots of options not just BNB and gives you better profits, try it for yourself. I mined eth but I never stake them and just leave it for a while. The only stake coins are those in the exchange. Well the staking process doesn't suit you if you are a daily trader unless there is an allocated fund for it, then you are good to go. I stake a minimum of 3 months and I don't care whatever happens in the price of the coin within those time so better be used to that.

[ardydyon]

Currently staking is a solution for long-term holders to benefit from the coins they stake.
of course the bigger the coin we stake the results will be much more. but not all provide this staking facility by giving large interest.
but this is worth doing if you really hold long term.
Currently what I think is interesting is staking on USD which gives a hefty interest for stable coins

[kojektea]

Each staking platform will have a different rate or income.
They can call it APY/APR to determine the income from the liquidity pool on the staking platform.
I do not guarantee that staking is a good thing for your assets, because this definitely requires careful consideration before making a decision because even though you will benefit from a liquidity pool of course there are risks.
Usually they will take staking because they buy when the price is high to wait for the price to return or they invest for the long term and then put everything in staking.

[mumang siat]

I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......

Opinions from mining results vary greatly, it really depends on the work tools they use, because mining usually uses different methods, if done manually, the opinion is not big, except for those who use mining through sophisticated tools, I think these two things are very different, both in terms of work and opinions received, I used to hear the term mining from referrals, but now I don't know about it anymore

[Bobrox]

Am staking and I can say it is rewarding, your reward is base on the amount of tokens you have on the staking pool and the Apr of the staking programme,  if the apr is high so does your reward and verse versa.
There are different type of staking from different projects, some will reward you with the native token and some will reward in top coins or stablecoins.

You can't compare staking and mining because the latter requires hardware and technical information to setup, while the former is just easy an easy step. You also need a good amount of cash to buy those hardware to mine, electricity is included. Staking does not require all this stress and you can still earn decent amount.

Exactly about reward return depending with based on with how much amount using for staking and staking pool reward from project or altcoin your allowing, about APR have some coin get different percentage like I choose with Rare coin.

First day given higher value but after several week running APR drastically drop almost 10% from first time reward receiving this happening because with pool reward distribution based on how much coins staking or other words have new member get staking with Rare coins, if many participant join there will make reward APR drop.

[bestcoins1]

Many people are doing that now, because mining for Dogecoin has been going on for a long time, as I remember there are several sites that provide Dogecoin mining, but I think that as long as mining does not involve capital it will not be a problem, unlike investment, because this must start with some considerations Moreover, the condition of Dogecoin is not in the big hype it used to be, but in the short term, as long as it can make a small profit, it's not a problem.

Free mining can sometimes also be a scam in the end so this should also be considered very well by those who want to use their time for mining, because there is no guarantee on any site to keep getting paid when it has been mined for a long time, so mining is not forever free it can pay everyone now.

[Rocky993]

The coins that are in the wallet or exchange are very small but the price is likely to increase in the future because the project is very good.  It is very logical to increase the amount by stacking all the projects and it is a good way to see the face of good profit in future.

[X-ray]

maybe the main reason so many stakers out there rarely discuss in regard of their staking rewards because sometimes the staking pool fluctuates in terms of reward and if there is so many stakers queueing for staking their asset surely the investment reward will be going down and as a result becomes lower in terms of ROI.
Also staking is kinda different with mining, i’m sure with mining there is fixed result of incomes and revenues that you could generate but if it staking, each platform have relatively different rates of staking return of investment.
Remember that if doge coin was POW coin. It's also better if you staking your coin to the coin with good APY. that will make you receive more reward from your effort.

[macson]

but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......

The income you get from staking coins usually depends on what type of coin you stake, how much APR/APY is offered and on which platform you put the coin you stake.  just try to pay attention to what percentage of APY is offered pancake swap and blockfi on the same token ^{(say BNB)} there you will find different daily income differences.

[lornadane]

It's based on the coin which you had staked for the long run.For staking you need to use the exchange correctly.Only the reputable exchange are safe to do staking.If you done a staking on new exchange by consider on huge project.Their is risk in get back of your staked dollars.Such exchanges may fly away with all staking money.

Yes I agree with your opinion, that's why I prefer to hold dollars over altcoins even though the dollar doesn't make much profit, but the exchange is easier with any exchange, that's my principle.
And I am also more flexible in ensuring its security as well.

[mumang siat]

It's based on the coin which you had staked for the long run.For staking you need to use the exchange correctly.Only the reputable exchange are safe to do staking.If you done a staking on new exchange by consider on huge project.Their is risk in get back of your staked dollars.Such exchanges may fly away with all staking money.

Yes I agree with your opinion, that's why I prefer to hold dollars over altcoins even though the dollar doesn't make much profit, but the exchange is easier with any exchange, that's my principle.
And I am also more flexible in ensuring its security as well.

Dollars and altcoins do have different levels of security to hold, but altcoins can also be used, as long as they have potential in the long and short term, indeed that dollars are easier to exchange for anything, but if you can collaborate both are even better, without ignoring the level of security between the two, but different people may have different ways of maximizing investment, this is normal and cannot be equated all

[RealMalatesta]

Free mining can sometimes also be a scam in the end so this should also be considered very well by those who want to use their time for mining, because there is no guarantee on any site to keep getting paid when it has been mined for a long time, so mining is not forever free it can pay everyone now.

"Free" anything could turn out to be a scam. I would suggest highly not to go with free anything because if someone is claiming to be free, more often than not they are not free at all. Mining doge could be profitable, you need to check that on mining calculators and if you have a GPU or a rig, then you need to put that in and calculate which coin you should mine. There are a million websites like that which would tell you.

But, I got out of that game long time ago, using that money to buy tokens and staking them is a lot simpler than mining. Sometimes it is even more profitable, but usually it is not. The difference is that there is no risk involved, mining could be a big loss if you face a ton of problems, whereas staking is just staking.

[pragna]

I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......

Actually there are different kinds of staking like-
01) PAM (per Annam)
02) Monthly.
Maximum time every exchanges give per Annam percentage of profit and some are monthly which is rear. Not only that some give good ratio and some also low.On the other hand some exchanges give the opportunity that you can brake staking anytime but some are strictly forbidden. Now whats your friend doing with you its b2n your connectivity.

[tsaroz]

I'm sure there are a lot of you who are staking coins. I have a question for you guys: I have a friend who built a doge coin mining farm in order to get some coins and stake them, but I'm not sure how good staking is. How much money do you make from staking each month? People don't seem to be talking about their staking rewards, but miners seem to be......

Staking should be a part of your investment strategy. There are a lot of ways to stake involving various risks. Centralized exchanges provides the least risky and hassle free staking. Higher profitable staking are found among farm and pool yield aggregators but there are a few things to consider while investing on them including the price of the staked coin or the pair of them. Staking should be planned ahead and best be done with a fixed and longer period of time to avoid unnecessary fees.

[fvb]

With centralized exchanges, staking should only be done on those with proven track records that have stood the test of time. You all know them very well. Personally, I like to do this on the DEX, respectively, also on sites that are trusted by many users. Good thing and, accordingly, passive income.

[SDKmaster]

Staking allows to earn passive income and does not require electricity. So it safe for nature.
For those people why do not want to buy coins for staking they can participate in airdrop like this https://twitter.com/CairoFinance/status/1506234326853238791

The opportunity to earn free tokens and earn passive income attract a lot of users for staking.
But for staking the most important thing is to find the most prospective and profitable tokens and block them for staking.

Staking does not require electricity or special computor. It is necessary just to buy tokens and hold them.
The most important in staking is to find the right project for investment and buy its tokens in the right time for staking.