Post
Topic
Board Altcoin Discussion
Re: Staking or Mining?
by
taiwww
on 06/04/2018, 16:21:43 UTC
Which do people prefer? Staking/Masternodes or mining?

Staking is more profitable & affordable, as in mining you have to buy expensive GPU or antminer, due to a high demand for GPU cards nowadays the price of GPU's are touching to the sky. Also, mining requires high electricity consumption & computational power to mine, and as a result, you have to pay high electricity bill & profit will be very less, so mining is not profitable as it was before. Staking your coins in a wallet or running a master is a good choice as you just need a laptop with an internet connection & just hold your coins in wallet & you will be getting 5~15% dividend annually depending on the type of POS based coin & amount of coins you are holding.

Mining apparatus are now so expensive due to the difficulty risen up got by the crypto's but if you consider to risk with the latest GPU's and other things then maybe you will gain more money with that since you could stake the coins that you mine. But apparently not all people can afford to buy high end GPU's so rather I think many of them would prefer to choose the staking.

Wow I am actually getting feel for the POS based coins after getting down with the mining of the alts. I fired up my ETH based mining in mid year of 2017 but soon after the prices dropped the income was so much less that it could not even bear the cost of electricity. That was really really depressing to me and I could not do anything but sold out my GPU based mining rig. I tried to do all I can by outsourcing the electricity with direct short wiring (Do not try on your own, I used expert help and its not legal) but it did not work for long as ETH prices dropped even further and not able to generate the ROI. I will learn more about the POS this time and will try to hold my coins in the wallet. It seems far easier and safer to me than the mining.