Post
Topic
Board Altcoin Discussion
Re: staking is a type of mining?
by
masterrex
on 07/01/2022, 10:24:18 UTC
a crypto being on a stake it means that this crypto is mining others?

I believe staking is very different from mining because staking is like crypto savings but much higher interest (APY) while mining is done using hardware, particularly the GPU's, while the other platforms are also renting hash power to their customers in a form of cloud mining and I was doing that in the previous years in the platform called Genesis Mining but it is not that profitable that's why I stop it.