Cardano Staking

[Anonymous No.27826808]

How much can you make per epoch (5 days) while staking cardano? I have about 1.5k in Cardano ADA. How much could I potentially make on average.
What is a good pool to join?

[Anonymous No.27826945]

>>27826808
i am staking about 130k and get 100 ADA every 5 days.
>tfw stacklet

[Anonymous No.27826993]

Download pool app
Use calculator
Prices vary

[Anonymous No.27827174]

>>27826945
So the stake rewards are in crypto not straight fiat?

[Anonymous No.27827281]

>>27826808
ADA is a comfy long hodl for me

[Anonymous No.27827348]

>>27826945
130k ADA?
That's $300 a month at current price, not bad at all.

[Anonymous No.27827366]

>>27827174
Yes Crypto

[Anonymous No.27827375]

>>27826945
tfw only 160k, i get you man

[Anonymous No.27827399]

>>27827174
i had a great week and wont insult the newfag today. yes staking rewards are paid in the native coin

[Anonymous No.27827510]

>>27827281
Why not stake? Is there any risk associated with staking?

[Anonymous No.27827522]

>>27826945

No you don't faggot.

>t. 140k ADA, 96+ every 5 days

[Anonymous No.27827546]

>mfw only 8.8k staked
At least I am helping community r-right?

[Anonymous No.27827608]

>>27827399
I never staked before, I hold ADA since 2018.

[Anonymous No.27827649]

>>27826945
Yes I'm a poorfag. I might buy another 1k of it. I just wanna know if it's worth it or if there's any drawbacks.

[Anonymous No.27827745]

>>27827608
Why not stake? Any drawbacks?

[Anonymous No.27827779]

>>27827522
depends on the pool, brainlet. also 96 is the same as 100.

[Anonymous No.27827797]

>>27827546
sorry bro but you have the same impact as someone fucking a loose slut with super tiny dick

[Anonymous No.27827863]

How do people have the patience to hold ADA when retard pajeet shit like Rubic does a 50x in a month
I held 10k ADA and the price did not move for months and I just bought BTC and DOT instead

[Anonymous No.27828069]

>>27827863
Because putting money in some shitcoins is all or nothing therefore too risky.
ADA is basically guaranteed income.

[Anonymous No.27828165]

>>27827745
I don't know how to deal with taxes for staking.
It technically adds crypto for free, meaning you have a passive income payed in crypto.
How will I prove from where I got the coins when I cash out?
In fact, should you not declare that income even before you cash out?
Since you technically are earning money, basically a wage while staking.

The current tax institutions are outdated and being a broke 40K stacklet college student doesn't make it any better.

[Anonymous No.27828282]

>>27828165
As of now, as long as you don't cash out you don't have to declare these coins as income.

[Anonymous No.27828676]

>>27828165
Depends on where you live, but usually you just assume 0 cost basis and calculate taxes on realization normally. But yeah, there can be some implications when you're earning passively like that. In my country they basically say that if the scale of the earnings gained from it is sufficiently large, it counts as being self-employed, at which point tax rates change.

[Anonymous No.27828889]

>>27827649

it's worth it, you will turn your 500 to 3k in 2 months.

[Anonymous No.27828946]

>>27828282
thats wrong at least for europoors. in germany you pay 25%.

[Anonymous No.27829164]

>>27828946
Seriously? even if u dont cash out? how do they know you made that much? isn't crypto anonymous?

[Anonymous No.27829502]

>>27828889
seriously? thats a huge rate of return, sounds too good to be true. Especially when the guy who claims to stake 140k gets only 100 a week

[Anonymous No.27829727]

>>27829502
Seriously?

[Anonymous No.27829831]

>>27827510
no risk. ada doesn't even leave your wallet.

[Anonymous No.27829838]

>>27829727
>>27826945 Thats what this guy claims

[Anonymous No.27830079]

>>27826945
I only have 20k. Wanted to accoomulate more but completely forget about it with all the uniswap shitcoins

[Anonymous No.27830121]

>>27829502

ADA $3 before end of April, I don't know when exactly, but I do know it will. This is the least risk, most normie proof, mission masses can get behind to, founder knows to promo crypto in the galaxy right now.

It will go bonkers in the next 3 years as Voltaire release approaches, ADA is just unfuddable and the spirits have spoken to me. I have asked about GRT/AVAX/DOT/BTC/ETH/ADA. I'm all into ADA, they will change the world, this is the google of crypto.

[Anonymous No.27830416]

>>27829164
They will, the moment your coins drop from your staking pool to an exchange.
If you cash out, the questions they will ask you will be like this, regardless of where you live:
>Anon, from where did you get that income?
>You sold your crypto?
>Oh okay, but can you show us your buy and sell history?
>You don't have it? Why? Ask the exchange? Oh you haven't bought those coins, but earned them for free?
>So you you are earning passive income? Interesting.
>We see that you earned 5K of ADA for free, why did you not declare this income?
>We currently have calculated that last year on the day of tax filing your coins were words 5000$ (1$/1ADA)
>You haven't payed taxes on them, yes even if didn't cash out, it is treated as potential income

So in the end you will have to pay in fiat (since the tax institution will not accept crypto as payment).
30-40% capital gains and on top of that you have to pay 30-40% capital gains when you cash out into fiat.

[Anonymous No.27830606]

>>27830416
Wow even if you don't cash out you gotta pay? What an absolute shithole of a country, full offence.
Literally deters people from investing and staying as a wage slave.

[Anonymous No.27831194]

>>27830606
What do you expect from a country that tried and failed to expel (((them)))

[Anonymous No.27831384]

>>27831194
At least they can't freeze your crypto assets. If you get lucky and Cardano somehow skyrockets you can leave that shithole and cash out elsewhere.

[Anonymous No.27831488]

I think Iwill pump some more into this coin and stake. Poorfag uni graduate. getting paid $3 over minimum wage as a full time ELE engineer. Fuck wages.

[Anonymous No.27831497]

>>27830416
Why would they ask you? Why would anyone come to you? If in doubt, just open an account somewhere safe and transfer your gains there to cash out. Assuming you only cash out after you made it.

[Anonymous No.27831951]

>>27831497
>If in doubt, just open an account somewhere safe
How and where?

[Anonymous No.27832156]

>>27830416
i plan on paying 25% for the staking rewards, hodl for one year and cash out taxfree.

[Anonymous No.27832350]

>t. comfy swissfag with no capital gains

get fucked kikes, see you in another life

[Anonymous No.27832396]

>>27832156
It's kind off a pain in the ass calculating all of this shit.
>https://www.youtube.com/watch?v=7wnkqogNG-w
I'm 100% sure my euroshithole will ask questions.

[Anonymous No.27832474]

>>27832350
give back our nazi gold, fucking mountain jews

[Anonymous No.27832741]

>>27832156
A country with much less tax. Assuming you really make it big with crypto. Doesn't Somehwere like Luxembourg have very low tax? Not too far from Germany. Not worth doing this if you make $10000.

[Anonymous No.27833090]

>>27832350
What are the taxes like in Switzerland? Much less than Germanistan I assume?

[Anonymous No.27833096]

>>27832474

kek no. Thanks for playing tho. There's a reason nobody tried to invade us.

Literally no capital gains tax and postcard country

[Anonymous No.27833197]

>>27833096
Sounds amazing. Everything there is expensive no?

[Anonymous No.27833214]

Is there any point in moving to one of these staking wallets if you're a <10k stacklet? My exchange charges 20 ADA to transfer and judging by the numbers in this thread I'll be lucky to see that back in a year

>t. brainlet who just bought into this shit

[Anonymous No.27833225]

>>27827522
lol 100k ada, I get 86 each epoch.
get a better pool retard

[Anonymous No.27833231]

>>27833090

less than 30% effective tax rate on 200k+ salary and no capital gains tax.

[Anonymous No.27833339]

>>27833225

Will do fren. Which pool you on? I plan to buy another 10k when next wageslave check comes in and just hold till it's fully developed

[Anonymous No.27833429]

>>27833214
What if you move stuff onto a hardware wallet like ledger? They have there own exchange too no? Would this cut fees by a bit?

[Anonymous No.27833536]

>>27833231
Wow amazing. Really considering moving there or Austria. Only reason why I'd go to Austria is for their free Uni. I wanna become a data scientist.

[Anonymous No.27833800]

>>27833197

It depends on how you live, services are expensive af but stuff is cheap due to 7.7% VAT. We get tech cheaper than US. Food is expensive, but if you're frugal you can go to germany and load up on cheap and quality stuff saving 1000+/month for a family of four. Private healthcare with mandatory insurance, generally very good though, some employers pay that for you as a perk.

tl;dr; it's about how you live. If you have a well paying job it's the best place to be, otherwise can be a struggle to save but some people just enjoy the scenery, mountains, bike and ski every weekend and don't give a fuck. Depends on which type you are.

[Anonymous No.27833884]

>>27833339
stake

[Anonymous No.27834064]

staking is a meme, this shitcoin is the GME of crypto.

[Anonymous No.27834344]

>>27834064
Missed the boat, how sad see you at 3.00

[Anonymous No.27835002]

>>27826808
~5% APY

[Anonymous No.27835091]

>>27826808
endo of march $3 EOY $5!!!

[Anonymous No.27835440]

>>27833429
Flat rate withdrawal fee, doesn't matter where it's going to unfortunately.

[Anonymous No.27835957]

>>27828165
The way I see it I get staked on my hardware wallet....
Meanwhile convert to euro in my bank account somewhere in one of a handful of crypto friendly countries.

[Anonymous No.27836518]

>>27826808
Brainlet here. How to stack ADA, Got a 5k tiny bag.

[Anonymous No.27837219]

>>27836518
Just Google it mate.

Use wallet
Adalite or Daedalus etc
Go to pool tool.io select a pool based on metrics
Copy pool deets
Press delegate button in wallet.

Having hardware wallet makes it super quick via adalite.

[Anonymous No.27837652]

>>27833800
You live in the german parts or French?

[Anonymous No.27837758]

>>27835440
Can you trade it on the ledger platform? As in completely avoiding binance kraken and other platforms?

[Anonymous No.27837939]

>>27827510
Well you can't use it for something else like as a collateral on Cream

[Anonymous No.27837953]

>>27826808
So I can stake with 17k ada?
How do I guarentee i dont lose it?
my shitty computer cant run the Daedalus wallet
So could I just throw my coins in a staking pool and forget about it?

[Anonymous No.27838056]

>>27837953
Cardano is famous for being secure and staked ADA doesn't leave your wallet at all.

[Anonymous No.27838078]

What are good pools to go into with 1k-2k of ADA?

[Anonymous No.27838268]

>>27830416
if you had no source of income but get some ada thorugh staking would you still need to pay taxes? isnt there some amount you can take taxfree?

[Anonymous No.27838287]

>>27838056
ok what pool you recommend?

[Anonymous No.27838457]

>>27838268
I have no idea, but western EU tax laws are fucked up.
They will probably consider staking as income and self-employment.

[Anonymous No.27838547]

>>27838457
I still don't get how they would know you made any crypto in the first place. I thought crypto has no metadata and platforms don't have to publicly reveal who buys what.

[Anonymous No.27838920]

>>27838547
Indeed, but one day you will cash out right?
You can hide it from them, until you convert it into fiat.

[Anonymous No.27839047]

>>27838920
Unless you do so in a crypto friendly country.

[Anonymous No.27839105]

>>27838078
Rewards would be very small, why bother

[Anonymous No.27839112]

Dudes I am the newest of newfags, I have been researching/studying cryptocurrency for the first time, all week (2hrs/day).
I have bought ADA on an exchange platform, but what's this shit about staking?? I read it briefly on their website but I thought it was just some blockchain-technicalities..

[Anonymous No.27839146]

>>27838920
Exactly, just don't cash out. If you do make it big with some crypto like cardano, can you not move to another country with less shit tax laws? or lower taxes? Big change I know moving from one country to another but it might be worth it if you strike gold with crypto.

[Anonymous No.27839361]

>>27839112
https://www.youtube.com/watch?v=M3EFi_POhps

instead of a bunch of people competing against each other to solve a hash, people who stake the most ada will get selected to do this.

[Anonymous No.27839721]

>>27839146
>https://www.stakingrewards.com/earn/cardano/calculate
Maybe, let's calculate.
My 40K stack will bring every year 1211 ADA
If ADA moons in the next 5 years, I will have 6055 ADA.
This amount is not worth it to run from the taxman.
It is pointless to stake for me, I don't have enough ADA to make big returns.

[Anonymous No.27839781]

>>27839361
Thanks a lot, good vid...

[Anonymous No.27839887]

>>27838056
Just use Exodus bro

[Anonymous No.27840013]

>>27826808
4.27% a year using exodus

[Anonymous No.27840234]

>>27839721
Will that amount result in huge tax rates for you?

[Anonymous No.27840316]

>>27839781
Basically instead of spending lots of money on an expensive computer and electric and internet bills. Just spend money on the currency itself and leave it in a stake pool.

[Anonymous No.27841030]

>>27838547
the exchanges would rat u out... require social security number upon joining...

[Anonymous No.27841084]

>>27840234
No, but I don't want to go through all the bullshit reporting it.

[Anonymous No.27841154]

LMAO you can this big rising? go for shitcoins thread
wanna see a real gem? check fucking best xsn with 1m daily volume
that’s what you should hold and forget about this shit that you try to discuss

[Anonymous No.27841225]

>>27841030
Then I genuinely feel bad for anyone trying to escape wage cuck culture trying to make a few extra bucks for a living.

[Anonymous No.27841378]

>>27841154
English please Despacito

[Anonymous No.27841765]

>>27839112
Dude go to cardano website.

They've put a lot of effort into explaining it in simple terms for retards like you.
Don't worry I was retarded once too.

[Anonymous No.27842958]

>>27826945
In a few months that will be like 1200-2000 USD a month. So not bad at all.

[Anonymous No.27844504]

>>27842958
That's really good for passive income. Reinvest it to make even more.

[Anonymous No.27845226]

>>27841030
>>27841225

the thing is, i wouldnt mind too much if its reasonable

my (would be) situation:
im a kinda-poorfag student in germany with small savings that i wont touch atm but i dont want to get cucked by 0% interest on saving accounts so i start staking and i have never filed tax before due to no/small income.

as i understood it: when im staking every time coins are distributed its considered a swap/trade and i need to tax every single on of these "trades"(?).
So a year goes by and i need to file tax (if total staking gains are above 256€-ish) on them even though i didnt cash out yet. (?)

i feel like a retard and probably am so if im wrong, please correct me gerfags.

[Anonymous No.27845499]

>>27826808
>500 on EToro
I have no idea what I'm doing

[Anonymous No.27845547]

>>27845226
its income from interest, taxed with 25%, then hold for one year and cashout tax free

[Anonymous No.27845728]

>>27845226
its not income because its not really money
the only time you really get income is when you do cash out

mach dir keinen kopf brudi

[Anonymous No.27846025]

>>27845226
That sounds about right from what they are saying.

[Anonymous No.27846914]

>>27845728
So it's like every other cucked western country basically.

[Anonymous No.27847169]

pls stop with the ADA threads
At this point I won't be able to accumulate 50k before coinbase.

On a different note, I have about 11k ADA in the wallet, which pool would be alright for staking? I have no idea how everything is calculated

[Anonymous No.27847265]

>>27847169
This is a legit thread about passive income potential with ADA. Not some gay

"IS THIS THE ETHEREUM KILLER?!?!"

***Insert Girl With Tits Pic****

[Anonymous No.27847320]

>>27829831
go on

[Anonymous No.27847379]

>>27847169
deadalus wallet lists the stakepools from most profitable to least, you just have to adjust the slider to your staking amount

[Anonymous No.27847390]

>>27827863
>get rich quick
NGMI gambling nigger

[Anonymous No.27847441]

>>27830416
no, if you cash out just your staking rewards, immediately, you don't then have to pay capital gains on it as well, only the 25% on the passive income

[Anonymous No.27847523]

>>27830416
>So in the end you will have to pay in fiat (since the tax institution will not accept crypto as payment).
>30-40% capital gains and on top of that you have to pay 30-40% capital gains when you cash out into fiat.
lol nigger youre stupid. 60-80% taxes kys moron

[Anonymous No.27847555]

>>27846914
i could cope with that, so tired of crypto regulation bs

they should just tell me i got to tax 18-45% of my realized profits show them trading history/proof and then fuck off for a year again

[Anonymous No.27847641]

>>27847379
Thank you. Been waiting for this.

[Anonymous No.27847715]

>>27828069
ADA is a shit coin that hasn't done anything for years while BNT and LRC are stepping up to the plate. I can't invest in future tech, if I don't make money and sucking off Charles isn't go

[Anonymous No.27847879]

>>27847265
It's a decent thread for sure.

>>27847379
Alright, I'll just go to any of the first nodes.
Poor biz.

Lads, do you think Cardano will be top 3 EOY?

[Anonymous No.27848361]

>>27829502
>meeeeh too good to be truuuue
then go invest in apple retard.

[Anonymous No.27848837]

>>27848361
Go play the lottery and pay your retard taxes goyim. Rabbi Schlomstein will be proud.

[Anonymous No.27848974]

>>27847879
I think it will be $2 for sure EOY. I don't wanna be too optimistic. Only reason I don't predict higher EOY for now is because the market cap is already pretty high. But who knows. Hopefully it moons.

[Anonymous No.27849307]

>>27837953
You are basically me anon except I have a good computer, but that doesn't matter. I have my 17k in a pool that on average pays 5-6% (15 ADA) and the last 2 epocs paid 8% (20 ADA), and that might not even be good, I've only done basic bitch research.

adatools.org is a good resource. You need to look for a pool that
>doesn't have many delegators
>produces blocks consistently (check the block trend)
>isn't too saturated.

Run Daedalus long enough to choose the pool, delegate, and close the app, you don't need it always on and don't need to micromanage anything. That's what's great about Cardano. May I asked what you bought in at? I came in at 0.11 so I'm pretty fucking stoked with the results so far.

[Anonymous No.27849366]

>>27838457
Malta?
Eastern block?

[Anonymous No.27849389]

>>27826808
what's the fastest way to buy it? not on goybase so I bought BTC on goybase and traded BTC/ADA on kraken. huge fees. would just buy ADA on kraken but fuck paying wire fees.

[Anonymous No.27849875]

>>27849389
Binance allows etransfer I believe. I use coinberry to buy bitcoin then sent bitcoin to binance. from there i buy ada with bitcoin