Post
Topic
Board Altcoin Discussion
Re: How good is staking coins?
by
Jackl87
on 21/12/2021, 19:39:32 UTC
I'm sure there are many of you participating in staking coins I have a question for you guys, I have this friend who built doge coin mining farm to get some coins and stake them the question is how good is staking? How much are you making in staking every month? I'm not seeing people talking about their staking rewards but miners are..

I think staking is a very nice way of generating additional income if you are planning to hold your tokens for a longer time anyway. Currently i am staking Radix with their native wallet and i see no reason why i would not want to do that. The only negative thing is that if i want to unstake the coins i need to wait around 10-14 days until the coins are unstaked and free to be sent around again. So if i suddenly want to sell my Radix i can not do that, but i am not planning to sell them anyway anytime soon so that is not a problem for me. You always need to to check though if the fees for staking, claiming and unstaking and so on are not higher than the rewards.. especially on the ETH chain.