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+--- Thread: Any new coins to mine (/showthread.php?tid=6111992)
Any new coins to mine - UndergoundLogic - Sep 27, 2020
That I could get a nice supply off purely by mining with my 1080ti, that could who knows explode in 5 years
RE: Any new coins to mine - mindshift5 - Sep 27, 2020
Why not just partake in a master node?
You will need to research on which coin to buy and then stake.. it's a passive source of income
RE: Any new coins to mine - UndergoundLogic - Sep 27, 2020
(Sep 27, 2020 07:41 AM)mindshift5 Wrote: Why not just partake in a master node?
You will need to research on which coin to buy and then stake.. it's a passive source of income
Thanks for replying mate, I won't pretend I know everything, is there a good source where I can read about partaking in a master node, would love to get in to staking
RE: Any new coins to mine - mindshift5 - Sep 27, 2020
Kindly check out masternodes.online
You can get started from there
Check YouTube for how to use the site
RE: Any new coins to mine - UndergoundLogic - Sep 27, 2020
(Sep 27, 2020 07:54 AM)mindshift5 Wrote: Kindly check out masternodes.online
You can get started from there
Check YouTube for how to use the site
Thanks for pointing me in the right direction, really appreciate it
RE: Any new coins to mine - T0Bi - Sep 27, 2020
(Sep 27, 2020 02:59 PM)Focus Broken Wrote: Staking is not a source of income, unlike mining. The amount of value you gain from new tokens is exactly the amount of value you lose from inflation on your holdings in order to create them.
So when holding the coin, you lose some value through inflation. Just like fiat.
When staking, you do 'earn' money similar to a high yield savings account.
Why isnt this income?
Quote:income
/ˈɪnkʌm/
noun
money received, especially on a regular basis, for work or through investments.
RE: Any new coins to mine - UndergoundLogic - Sep 28, 2020
(Sep 27, 2020 03:25 PM)Focus Broken Wrote: The operation taking place is moving the decimal place to the right on your balance. This is not income, because there is a corresponding unavoidable loss that occurs on the other side of the balance sheet which cancels out your earnings.
It is still better than inflation from fiat, because at least your inflation losses are balanced by new token gains. With fiat, the new token gains are exclusive to the central bank that prints it, so it's pure loss for anyone that holds it.
Thanks, so is there any new worth while coins to mine possibly