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Author Topic: staking is a type of mining?  (Read 92 times)

AishwaryaDas

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staking is a type of mining?
« on: January 07, 2022, 05:56:37 PM »
a crypto being on a stake it means that this crypto is mining others?

hair

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Re: staking is a type of mining?
« Reply #1 on: January 07, 2022, 10:39:01 PM »
Mining and staking work differently. Staking we lock our assets in smart contracts for a certain period by getting rewards every day

CryptoboyRamesh

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  • Re: staking is a type of mining?
    « Reply #2 on: January 08, 2022, 06:06:59 AM »
    Staking isn't mining period! To mine crypto you need graphic cards with 4gb minimum vram for Ethereum classic and few new coins but when it comes to staking you need good amount of the coins in your wallet to stake, you can either use your wallet like trust wallet and Atomic wallet or you send the coins to an exchange like binance for staking

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