Which is likely to be more profitable: wallet mining, trading, or staking?

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bengweiSenior Member
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#1Dec 17, 2022, 12:55 AM
I'm not an expert on these options, but I've done some trading and I'm still learning the ropes. I'm curious about all three methods because I see the potential in crypto to create personal wealth, away from government control or inflation affecting currencies. From what I've found out, mining seems to be a solid choice for those looking to set up a more predictable business, especially if you can manage the electricity costs that come with it. Trading, on the other hand, is more about developing skills like analysis, patience, and risk management. Even if you're not set up with a lot of hardware, you can still trade effectively, especially with AI tools that can help out. And then there's staking, which feels like the new kid on the block in the crypto world. It’s basically just keeping your coins in a wallet and earning interest without any of the hassle of electricity bills or constantly monitoring the market like you do when trading. So, my question is pretty straightforward. If you had to choose one option between wallet mining, trading, and staking for 2026, which one do you think would be the most profitable?
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block_hashFull Member
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#2Dec 17, 2022, 02:33 AM
As I have done all those in the past years - mining, trading and staking, what I can say is that you can't get a concrete answer because there are so many underlying factors that can affect your profitability - > the coin that you are mining, trading or staking > your hardware available - because how many coins you can mine depends on your equipment > trading - depends on your knowledge about the coin and the skills that you have (you can acquire most of the skills thru countless trades as well as continuously learning about the project that you are getting involved with > staking - depends on the coin that you are staking because who knows the coin that you are staking now will disappear from the market, so this one is quite a challenge and a lot more
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pixel2014Hero Member
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#3Dec 17, 2022, 05:12 AM
Edit it from wallet mining to mining. Staking is no more new. Trading is very risky, use the amount of money that you can afford to lose to trade. Staking is the easiest but it is better to buy the coin at a low price for you not to lose. People that bought Solana at $280 earning 5% APR will be losing now. Bitcoin mining is expensive to set up but if you have the money, it is worth it after using the mining profitability calculator to know if it will be profitable for you. You need access to cheap electricity.
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quantumwolfFull Member
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#4Dec 17, 2022, 06:14 AM
I think between mining, trading and staking, staking is more preferable to me and can make good profit because it entails investing in the Blockchain and at thesame time receiving rewards, but mining will will require you to purchase mining rig and may not give significant profit. As for trading, it requires skill and experience and profit is not guaranteed. As a beginner or a newbie, choosing the right method of accummulating Bitcoin or cryptocurrency is necessary and your experience should determine the method you want to choose for yourself
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WildBearSenior Member
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#5Dec 17, 2022, 08:57 PM
Yeah, this is what I've noticed. There is no such as wallet mining, just plain mining. Other than that could be used by scammers to trick people. Mining is not an option to me, I have no rig. Trading is more to incur losses but I still do it whenever I think there's an advantage depending on the market situation. As for staking, this is passive but you're prone to impermanent losses if the market plunges. IMO, don't think of "promises" with all of the options, all of them are dealt with risk and that's what we have to accept whichever we choose.
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sam.bullSenior Member
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#6Dec 18, 2022, 08:07 AM
Adding staking is same as Contradicting yourself You stated you interested in the wealth that comes from personal holding But staking means relying on another. You loss control of any of your coins staked. FTFY Holding. I'd pick holding even if it's not in that list I avoid trading as a plague Mining well requires quite an amount of resources and takes time to break even with fee alone I won't even think about staking.
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BasedGasHero Member
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#7Dec 18, 2022, 01:49 PM
Mining looks like it promises a fixed income but it has it's ups and down, with all the hardwares are getting crazy expensive everyday, one needs to invest shit load of money to make a few so ROI is like will take years depends on how much hashpower they can generate. Trading is possible with any capital but it is risky of all. Staking doesn't qualify as an potential earning opportunity in my opinion.
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maxi2017Senior Member
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#8Dec 18, 2022, 06:49 PM
Mining and staking need money to initially set up operations, while trading relies more on the traders talent and determination to improve their skill level. But, to be honest If you have to ask a general question such as this one about trading, you most likely do not have the necessary skills to successfully engage in trading, nor will you be able to afford to meaningfully mine due to a lack of capital.  Staking is a rewarding option for people who already have significant wealth and want a modest return (5% per year); however, it will not generate wealth for anyone who is starting from zero.  Trading offers those who trade a quick opportunity to increase profits, while for the majority of people like yourself, trading is actually just a means to lose everything, as you are up against expert traders and machine learning bots.
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mark_whaleSenior Member
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#9Dec 18, 2022, 07:59 PM
Mining is not as profitable as it used to be if you are a small scale mining. Buy the time you even just break even, it will be after several months or a couple of years. Even for staking, the annual percentage returns are so small. Trading is very risky, but if you master it, you could easily make way more profits than the two above.
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bull_2019Senior Member
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#10Dec 21, 2022, 02:52 AM
Doesn’t work this way... Let me guess, you are referring to depositing your money on an exchange, then locking it with "Simple Earn" or similar, where you will receive a return per day, right? Firstly, the wallet is custodial, and you do not own the keys, so it’s technically not your wallet as you claimed. Secondly, the exchange is only using you as leverage for their other services. You lock your coins aka “stake” and then you will be given returns..then you can withdraw anytime depending on the agreement. On the other hand, maybe this is what you meant: https://bitcoinsuisse.com/staking/bitcoin-babylon Either way, you don’t own the keys, and it is not worth the risk if you ask me. With the options you gave, then it’s mining
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jake_gweiSenior Member
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#11Dec 21, 2022, 07:59 AM
In mining you need to monitor profitability, If it's profitable then continues mining. In trading you need to monitor your PnL, if you're profitable then continues trading. In staking, you need to watch for contract exploit, counter party risk, depegging, utilization for lending defi, and collateral. If all of them safe, you will automatically get profit. It's simple and you should choose as you see fit and based on your risk appetite.
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chris.deg3nFull Member
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#12Dec 23, 2022, 08:22 AM
They are not profitable anymore unless they are in country which have extremely cheap energy cost. But if they are in country which electricity cost is high for sure that they won't get those targets profits they aim to acquire. We can also add up rising network difficulty so they are provably not getting anything and might just waste their time doing that. Also agree that trading is risky, but if they have capital and time to study the technicalities of the market. Also have good patience and discipline to deal with volatile market maybe they have a chance to earn on trading market. Staking I always worried about the platform if they are going to collapsed since we don't know how long the platform offering this would last. That's why I always go investing on Bitcoin for long term even if OP didn't list it since I think this is more convenient option to choose.
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lynx_rocketSenior Member
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#13Dec 23, 2022, 10:07 AM
Majority of people don't really know how to trade, yesterday $400,000 was liquidated from the market,  few days ago millions of dollars was liquidated from the market, who are these people losing money? Traders and many of them will never stand upon again. Trading is not for the weak, and there are only few who lost it all in trading and make it all back again, many people failed and that's it, they never stand up, so be careful what you wish for as a trader. There is no such thing as wallet mining, we have Bitcoin mining and altcoins mining and if you have free or cheap electricity you will enjoy mining, although this is best for someone who have a lot of patience because the idea of mining is like waiting on a little drop of water to make a mighty ocean kinda result. Staking is only good if you have a good numbers of Ethereum, and they are risky because altcoins are highly volatile all together.
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#14Dec 23, 2022, 11:18 AM
Mining is more costlier, trading is the most risky of them all and staking is more better but it depends on the coins you're staking, Incase you're looking for a good coin to stake, I'll advise that you prioritise a coin with long-term goals (Bitcoin) to be specific. However it's advisable that staking should be done in a non custodial wallet like trust wallet or MetaMask that offers more security compared to doing it in exchanges. Although some folks would prefer and approach that's almost similar and less riskier as well which is buying and holding Bitcoin for long-term.
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king2011Full Member
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#15Dec 23, 2022, 03:35 PM
To choose one between those three options, we must understand our characteristic and ability, our short and long term financial goal and the most important thing is our financial foundation,  all three only tools that we can choose based on our profile. Gentle reminder before entering crypto, we must ensure financial safety first such as emergency fund, positif cash flow, zero debt especially with interest, after all completed you must have budged risk capital post for crypto investment, which mean your life will be running smooth even you lost risk capital money. After that you can asked to your self about your financial purpose, for passive income, active income, business or protecting your wealth, after figuring it you can make strategy plan to be consistent. As we are the strategy maker, we must check our own ability and our spare time to maintime our investment, every choice need your special ability and time to be fruitfull. Because i don't have time flexibility, proper choice is stacking because mining need operational focus and trading need flexible time. Second consideration, i will be panic if my asset drop 40-60% (my heart will not healthy) so trading not suitable with my condition and i think stacking more realistic. Beside that i think staking is the most consistent way for building personal wealth because its support long term compounding, relevan with proof of stake trend, just need to understand and manage risk contract, no need specific skill and the most healthy return comparing with risk taken.
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mr_lynxFull Member
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#16Dec 23, 2022, 06:05 PM
Mining is still profitable, but not profitable as before. Those who got into mining earlier were more luck intense of profit making than those who got in now nor entered the system a few years back. And as it stands now to set up a mining factory required hudge funds to buy the required equipments for your mining activity. Chosen a good site for your mining factory is another thing, and overall of all is electricity. And if you are living country where you can't get free electricity nor purchase electricity at a cheaper price, you may hardly profit from mining. So therefore I will advice you to go with the ongoing buying of Bitcoin and hold for long term instead of set up a mining factory. As for trading, trading is very risky not really advisable for beginners. And trading may likely cause you more harm than good if you go into it. so therefore I will advice you still buy and hold. But since you already into Trading you can choose to stop or to continue trading, and if you want to continue trading always trade with the amount you can afford to loose to avoid chasing after your looses. And as for the staking I don't really have much knowledge on that and I haven't done it before, so I don't know if it is profitable or not. But I will still advice you to focus on bitcoin buying and hold for long term for your own peace of mind and mental health. Because staking doesn't look like something that will be profitable.
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leo.wolfHero Member
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#17Dec 23, 2022, 11:41 PM
In all the three aspect you have actually clearly explained I will seriously say mining for a solo miner is actually definitely not going to be profitable except the miner is actually going for pool mining and that also requires huge capital to set up too. As for trading it is risky in the sense that no amount of knowledge can actually safeguard you, in fact it’s one which I will advice against choosing independently rather you might have to be engaging with the others before you look at it’s possibility. Because if you treat trading as the only means of income you are seriously bound to fail as I have never seeing anyone who actually does it and succeeds. Then the one which practically would have been more profitable and also less risky risky is the staking you said you have little knowledge about, it’s simply about you keeping your coins on a platform and then you’re rewarded base on the time and the amount left there (APY). The major problem is not even choosing a coin because it is a bad idea to even pick a coin aside bitcoin and once you pick bitcoin you’re actually investing and also forced to hold, so the advantage is while holding which we all loved to do you earn some Satoshi as well which is good but to me it’s the most risky thing and reason why I advice against staking. The reason is that you must have to trust a platform to handover your bitcoin custodianship to for staking and I don’t think there is any worthy APY that actually matches this risk and that’s why I am actually and totally against it even though it present the more profitable option
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the_kingHero Member
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#18Dec 24, 2022, 04:24 AM
If we talk about economics and lots of profits, for these three options, you can say again to the respective experts, of the three I often do one "trade" in the crypto market, in my experience and the knowledge that I have of course Option trading is better for me. For wallet mining, I've never done it and also for the Staking option, to be honest I'm quite bored of locking up my crypto assets for a long period of time, so whatever the reason, I think the advantage lies in the experience, expertise we have in carrying out this activity.
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johnkingSenior Member
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#19Dec 24, 2022, 07:27 AM
Mining is expensive, complex and requires some level of knowledge. It is not an option for me because of the expensive and unstable power supply in my location. Trading is very risky espeacilly for beginners. Experienced traders might be making a profit, but I don't have the time to closly monitor the market. Staking is the most convenient for me. It suits my work schedule and I am satisfied with its profitability. I dont know how profitable others are since I have never engaged in them, but staking is my best bet.
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raven1337Hero Member
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#20Dec 24, 2022, 10:43 AM
Trading (highly profitable), the bigger risk, the bigger profit. You can make a few hundreds percent in one night through trade. However, you can also lose a half of your portfolio in matter of hours. Staking (quite profitable), lower risk, lesser profit. Almost no risk involved, but the return is not as big as trading. Mining (Rarely profitable), if you're doing mining, the result totally depending on the price of coin combined with the hash of network. Nevertheless, doing solo mining is never worthy these days unless you can be lucky enough to solve a block.
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