Kate Posted January 11, 2019 #1 Posted January 11, 2019 Staking a word thats wonderful because of the sound since we hear Stake and then it rings a bell of making money. Well people say its too good to be true but its indeed true and its better way you have to invest to get something in return. Staking means to buy and store coins in your wallet and unlocking it to Stake it but there is one catch the coins should be matured by an x number of days it can be 15 or 20 days or even more or less. One thing we shoukd remember is that only POS coins are only stakeable. You should just store the coins unlock the wallet for Staking and then based one the amount of coins you are having in your wallet the much sooner you get the reward. Have you guys ever staked before ? How much have you got and which coin did you Stake ? From the exolaination you can know that I used to Stake and the coin I choose was Bro coin.
williamshennie9 Posted January 11, 2019 #2 Posted January 11, 2019 Is Staking an actual word, or did you make it up? Can't seem to find any information about it on google.
jamesvan Posted January 11, 2019 #3 Posted January 11, 2019 there are altcoin that you are able to stake on staking website ,which will grant you a profit in months or days.
wry Posted January 11, 2019 #4 Posted January 11, 2019 10 hours ago, williamshennie9 said: Is Staking an actual word, or did you make it up? Can't seem to find any information about it on google. Yes, staking is an actual word. PoS in crypto stands for Proof of Stake. As sort of explained, you get additional coins for keeping them in your wallet. The block reward is proof of stake rather than proof of work as with Bitcoin and so you get additional coins for having coins. That is referred to as staking. I am a Just-Dice fan and when that site switched to Clam I learned a lot about staking. I've made a lot of additional Clams through staking, though Clam itself has not been a very good coin at all, it has dropped and been delisted from some exchanges. You need to have a lot of coins in your wallet to make it work, I think most people just left their Clams on JD to stake. Ethereum is shifting to proof of stake in the future, so I expect A LOT of people are going to learn a lot more about it very quickly!
KiXxnTRiXx Posted January 12, 2019 #5 Posted January 12, 2019 This confused me.. What exactly are you suggesting to do? To buy coins and deposit it to stake? I dont get it, im sorry i may have misunderstood, but thats why i am confused.
wry Posted June 22, 2019 #6 Posted June 22, 2019 I saw a very interesting article on Staking today. It is becoming much more popular. As I noted above, I discovered staking with CLAM and while that coin has not done that great, I am excited about that method for verifying blocks. Here's a link to the article: https://www.coindesk.com/staking-isnt-just-a-way-to-earn-crypto-money-and-it-shouldnt-be
nattekut Posted July 1, 2019 #7 Posted July 1, 2019 I have been staking for quit some years now. Beside I am professionally trading crypto I also have very nice bags of about 100 diiferent currencies that I just store for future value increase. So it would be stupid from me not to stake the currencies that have the ability of staking. Staking does not bring that huge amount of money but if for example I can receive 10% extra coins for staking a certain amount and in 2 years from now the value booms than even that 10% will have a nice influence on my balance
niki014 Posted October 25, 2019 #8 Posted October 25, 2019 i did read the whole thing i still have no freakinn idea what are you taking about i am like wtf i thought staking is when you gamble in stake i tho when i asked are you guys staking i was saying are you gambling in stake guys ahaha
rampagez Posted October 25, 2019 #9 Posted October 25, 2019 i staking Neo and Qtum while ago. for staking, to get blockreward , we need a lot of coin. it is hard to compete the whales. so i stop staking, just trading daily. it is better for me,
yuchan Posted February 15, 2020 #10 Posted February 15, 2020 In my opinion staking is one of the easy ways to make money, but it requires a large amount of capital to make it big reward too. I have been staking several coins on binance exchanges, but since there is a new feature, namely binance future. I decided to stop staking and continue focusing on making profits with binance futures.
sahil777 Posted February 16, 2020 #11 Posted February 16, 2020 but what is the benefit of it ? when we have alot of other options for wallet then why will we chose staking option, tell me about if i can get some intrest after staking my coins for 15 or 20 days.
Ajel Posted April 13, 2020 #12 Posted April 13, 2020 Hello, I think staking refers to gambling.You can gamble on the stake site, you can earn gambling revenue, hope you understand
Seoulmate Posted April 13, 2020 #13 Posted April 13, 2020 I suggest you edit the initial topic posting and add some key definitions from wikipedia.
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