Post
Topic
Board Altcoin Discussion
Re: do you do mining or staking?
by
Phoenix_PROG
on 26/01/2021, 10:48:26 UTC
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
There is not much difference between the two, some are saying it cost more to build a rig but that's same with staking too, it's all about target, if you want to earn 20$ per day on staking you have to hold huge amount of the coin, you could be spending thousands of dollars on the coin to stake, isn't it same it mining coins?