Staking using your phone?

So, since Proof of Stake uses way less energy, do you think it’s doable to stake coins directly on your phone? Like, having an SPV client running on your mobile and staking crypto right there. You wouldn’t have to depend on some third-party cloud staking service to handle it for you. Way better than trying to "mine" crypto on your phone, imo. That just drains a ton of energy for a tiny bit of processing power. What do you all think about this? Thanks!

I have staked few coins like solana, atom and few other ones on my mobile device before but I later stopped because the profit is not really encouraging for me. All you need is a noncustodial wallet that support the staking. You can use mobile phone to stake because it is still just like you are using your phone to perform simple task which is staking and unstaking through validators.

Very possible that we use our mobile phone for staking, but why many were being discouraged to doing all this is because of what they got to end at the end, all these things are not that profitable to an extent that may keep us to continue doing them despite the conditions and other applications we may need to put in place in other for us to stake the expected coin.

One thing that I don't like with staking is that the profit is not encouraging at all. Why will I stake my coins for long and get a tiny profit out of it when I can simply trade on spot trading and make good profit within two days. Of course, it's possible for you to stake on your mobile device provided that your noncustodial wallet supports it.

Profit coming from staking depends on every coin. If you chose stable coins like USDT, the profits will be much lower but if you consider staking with volatile coins, the profits can be much better. We don't just get staking profits, but we also get a chance to book profits after the price for that specific coin inflates over time. Usually, I have seen people staking for 6 months to 2 years. This is a good enough time for any coin to inflate which will act as a secondary profit. For example, let's consider we stake ETH at an APR of 30% for 2 years. We get 60% profit for these 2 years and along with that, we can sell the originally staked coin once the contract ends to get additional profits. Staking on mobile devices is very much possible because staking does not require computing power. All staking needs is initial coins and a proper money management, so we ignore withdrawals before the staking contract ends.

I've done this before with some multi wallets that also has that staking feature. But I've forgotten that when I've changed into a new phone. AFAIK, there's no need for anything to be activated as you stake in the mobile. It's the usual deposit and you have to put that on the staking wallet and you're good to go. Those who have even tried to mine on their phones before, that's only the simulation type of mining.

Staking through validators is like "Delegated Staking" (or Delegated Proof of Stake). But I'm talking about running a "lite node" on your phone (like a pruned node or a SPV node) that would also allow you to stake your own coins "on-chain". Just like how a core wallet software for a PoS coin on PC would do. I mean, if nodes can be deployed on the Raspberry Pi (a small-sized computer), then doing the same on a mobile device should be a no-brainer. Especially high-end mobile devices. I bet iPhones will be much better for such purpose than regular Android smartphones. With mobile devices on-board the consensus process, Blockchain decentralization can be greatly improved. Don't you think?

I dont think a phone can run a full node of a chain. So I don't think staking via full node is possible. Maybe Im wrong, but you can do it by delegating your token to another staking address lets say eth, bnb, solana, cardano trx and pretty much PoS coins have a feature called staking your token into another node. Its pretty much same all you need is non custodial wallet go to staking feature and click delegate, a note that some node have different criteria Like their profit sharing APY and other.

Currently have some staking with the mobile device few of my hodlings are into SUI and Solana and of course if you are heading with these two coins and all you need is to hodl why not take an opportunity to earn extra money which is the use of staking and beside of it also have a SUI in Slush having a feature of lending so for the long term I can make a yield and interest earned with these mobile applications.

some chains have native yield - aka just hold assets (usually eth and stablecoins) on chain and your balance automatically increases. can't imagine it being more lazy than that and i think this trens will grow.  of course it doesn't matter what wallet you use for that so could be a mobile one.

Not a full node, but rather a pruned node. Much easier and faster to set up than a full node. If it can be done on a low-powered computer such as a Raspberry Pi, then doing it on mobile devices should be a no-brainer. I understand pruned node aren't the same as full nodes when it comes to supporting the Blockchain network. But at least, this approach is better than just running a light node and "delegating" your coins to other third-parties. Doing everything on the device itself would be a big boost towards the decentralization of the Blockchain. Developers can make such a thing possible. It's just that they're too focused on "memes" and other speculative trends. The industry has moved away from its utilitarian aspect long ago. But who knows? Maybe someone who values true decentralization will make this happen. Only time will tell...

If what you mean by SPV is a light client with just block header, it isn't possible. PoS that I know so far always requires full node that requires minimum of 1.5TB SSD storage for Ethereum and there is also concern of battery drain... You better off buying a server in hetzner and manage the server through your phone at that point. Certainly more reliable and have uptime of 99.9% or so. A consumer grade mobile phone will never be as good and also downtime penalty is a thing. If your phone keep failing, you'd lose all your ETH in the long run.

I used Phantom to stake Solana, earns PSol and don't pay much attention to the process. I just let it running and just check occasionally and don't have much expectation in the future. If the amount increases and gives me much profits, that is good for me as that is just a small amount for me to spent. We can't expects much from that but we should be careful and don't use more than we can afford to lose. You should consider that is free money that you willing to lose if that is happens.

Battery drain would be the main issue here. Not to mention, storage space. A better way would be to run a full node on a Raspberry Pi, and control it within your mobile device. Raspberry Pis are always "plugged in" and consume very little energy, making them ideal for staking. This would be the ideal setup for the paranoid, as "delegated staking" often requires you to trust a third-party with your coins. Mobile devices are increasing in processing power and storage capabilities (there are iPhones with 1TB+ of storage), so who knows? Maybe we'll be able to run a full node on our phone and stake coins someday. Just my two sats.

New android phone are actually far better than raspberry pi if you could take off the battery and power it directly. Something like S24 ultra got a samsung dex that could change the OS to desktop UI. If you got this kind of phone lying around and you don't mind spending time tinkering about the phone, you could use it and as you said it have better processing power than raspberry pi. The only problem left is just adding some cooling method to keep the phone from overheating. But the whole thing looks like an unreliable experiment that nobody actually is doing it and better off renting from hetzner or even cheap dedicated server from kimsufi. The biggest problem with self hosting full node is the reliability of the electricity and the internet access. Something that data center excels at but gonna be super difficult thing to maintain if you're all by yourself.

That is how it usually goes, when you have some spare sol or any other altcoins that you can stake there or with any wallet, you just keep and leave it there. But to think that it's staking through mobile makes it people think that it's duly run on a mobile device which is wrong. Although this isn't so much important at all but, it could technically misled a lot of people to think that it's a requirement to run it on a mobile phone even it's not.

The natural detrition of the device doesn't worth the potential profit to be made. It's like using a very expensive machinery to dig mud. Instead of a source of passive income, it's going to be a source of passive debt. I guess the concept would be profitable only in case we had a massive increasement in altcoins' prices. In every cases, it's much better to acquire money through another means to buy the cryptocurrencies that way.

People often prefer the "easy route" so they will use a cloud server (node) or delegate their coins to a third-party instead. Not a great idea in terms of decentralization and censorship-resistance, but at least you get to "stake" your coins on the go. Smartphones are advancing at a fast pace, so I wouldn't be surprised if someday we get to see such devices having the same (or greater) power as an ordinary laptop or desktop computer. Despite PoS' lower energy footprint, nothing can replace good-old PoW in terms of decentralization. I hope PoW stays the norm in crypto land forever. Just my two sats.