Tezos: Staking(XTZ) Is The New Mining ⛏️

in tezos •  2 months ago  (edited)



I used to mine Bitcoins and I was a huge believer.
It was kind of fun to mine Bitcoins and I got a lot of Bitcoins from mining when it was like this ⤵️
I should have "hodl" them but I spent everything to buy more mining power.
So I didn't make any money and it wasn't profitable obviously.

But now, crypto market is a lot different from what it was back then and we can STAKE on coins!

Staking is kind of like delegating your "mining power" to a "miner" and receiving interest from your delegation.

The good thing about staking is that you are not buying "mining power" or spending your coins for staking.
You don't need a special equipment or expensive machine to stake. You just need a Tezos wallet.

If you want to stop, you can stop anytime and your coins are still all yours.

I started staking on Tezos (XTZ) last year and it has been great!
A lot better than mining Bitcoin :)

Here is one of my first rewards from staking Tezos (XTZ) last month. 0.54 XTZ -> $0.69

Crypto market has been very strong lately and Tezos (XTZ) is going up a lot.

So that the same staking rewards have increased overall value this month. 0.53 XTZ -> $1.17

It took 35-40 days to receive my first reward because of the holding period, but after that I receive a reward every 3 days.

I am using Coinbase for staking because it is very easy and convenient for me and current reward % is 5.31% (down from 5.44%)

But there are so many bakers out there with better reward % and Coinbase is not the only option.
You can pick and choose any bakers you like.

These are good sites to find bakers.



Baking Bad


MyTezosBaker has this easy to use reward calculator that you can compare different bakers.

Just type in how much you want to stake and pick bakers.
According to this calculator, Binance will give you more rewards than Coinbase or Kraken.

This is just one way to find your baker(s), but when you pick your baker(s), you need to consider different factors like capacity, efficiency, fees... etc.
Most importantly, do they actually pay out and accurately?
So it's not just ROI.

So please do your own research before delegating!

If you are interested in free Tezos ⤵️

Tezos: Free Faucet (XTZ) UPDATED!
Coinbase Earn
Put your coins to work!

Posted with eSteem


Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Great! https://baking-bad.org is the best place for choosing bakers!

Ah, I sold my tezos few month ago... 😞

Your post has been boosted with ESTM. Keep up the good work!
Dear reader, Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app!
Learn more: https://esteem.app
Join our discord: https://discord.me/esteem

You got voted by @curationkiwi thanks to tomoyan! This bot is managed by KiwiJuce3 and run by Rishi556, you can check both of them out there. To receive upvotes on your own posts, you need to join the Kiwi Co. Discord and go to the room named #CurationKiwi. Submit your post there using the command "!upvote (post link)" to receive upvotes on your post. CurationKiwi is currently supported by donations from users like you, so feel free to leave an upvote on our posts or comments to support us!
We have also recently added a new whitelist feature for those who would like to support CurationKiwi even more! If you would like to receive upvotes more than 2x greater than the normal upvote, all you need to do is delegate 50 SP to @CurationKiwi using this link.

This post has received a 3.13 % upvote from @drotto thanks to: @curationkiwi.