Post
Topic
Board Altcoin Discussion
Re: do you do mining or staking?
by
RealMalatesta
on 27/01/2021, 11:10:25 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
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.