Topic: 32 ETH for staking?! (Read 866 times)

Actually for a good investment this isn't bad. Currently the price of eth is $147 and if you would be needing 32eth you will consume $4,704 in my country this money is so huge already and some will be scare to send spread some money on their pocket. But knowing Eth has POS blockchain this something new and will probably change the eth route either price increase or depleted.

Wouldn't mind to have at least this amount, lol!

If you're able to achieve ROI in the long run, then the 32 ETH requirement is fine. Then main issue would be ETH's price across the crypto market. At current prices, 32 ETH may not seem like much in terms of USD, but it could be a lot of money once prices start to rise on the market. While there's still the choice of staking pools, the profit you'll earn will never the same as staking with 32 ETH. We're still early from experiencing a PoS version of Ethereum, though. In the long run, devs could either decide to lower or increment the ETH requirement depending on the community's approval.

As many have said earlier, ETH will be a hybrid cryptocurrency which is a plus for maintaining decentralization. If it remains a hybrid crypto for the foreseeable future, people will have a choice to either stake or mine ETH greatly encouraging the decentralization of the entire network. Even the 32 ETH requirement seems to be much more affordable than 1000 DASH for a masternode. So I've figured that there may be no reason to worry about the staking requirements for ETH as long as the cryptocurrency remains self-sustainable for years to come. Just my opinion

The thing I don't get is why it even matters. If someone has say, 10 ETH, and gets 5% a year, so then he has a earned a mighty .5 ETH on an investment that can change in value at a greater rate than 5% daily. And if we pretend things remain stable, that half an ETH is worth a mighty $75 or so (currently). It's not enough to get riled up about. The only way it'll matter is with huge sums of ETH (and then 32 ETH is nothing), or if ETH goes to insane prices. But in that case, just time the market right to sell and you'll be better off.

As coins that are staking will be locked up in the early phases. With smaller amounts, one probably would be better off trading than staking.

Hm...one and half year old message... , that could change at the end. From where I sit....the minimum of 10 ETH for staking  would be more fair deal.

Not everyone will be able to start staking eth because of its minimum requirement of 32ETH, honestly its way too much, i don't see how this will help because if the minimum is 5ETH it will be easier for people like me and Eth stakers will be many as well

I think it is quite expensive for me and the poor. and I have heard more about the new staking information that the more people who deposit the money into the staking system, the more rewarded they will be than those with less money. There is mechanism that will be blocks with more ETH will have more slots to handle blocks => have more bonuses. This is truly an injustice for us.

Historically, staking a lot of coins is a common thing. reducing it is impossible because its default mechanism is so and this game is only for the rich. That $ 5,780 symbolizes that you spend money to mine coins but you don't lose your electricity or land rental costs. you will be much more profitable and so will the business doing staking. So that is a very normal level.

Maybe it all because a lot of people already expect that they will stake their coin with any amount of ETH. And then with this amount, and people don't know maybe there are service or pool for they who have less (honestly i just know it too because read your post), will complain about it. At first, i think 32 ETH is a big amount too because maybe there are a lot of people who can't afford that amount of ETH.

That's why I don't think the argument that 32 ETH is too high makes much sense. Just go with a service or pool or something similar for those who have less. We aren't talking about insane amounts of money regardless ... this isn't like 1M, what a Dash node used to cost.

I don't think the 32Ethers is much if you want to stake, they need to make it worthwhile for the stakers, if you stake over $5000 in asset the ROI on investment need to be significant to encourage more people to stake. I believe there would be services that would offer staking for those that do not have 32Ethers to stake. Just like that of Dash shared Masternodes

That's certainly true, mate. Ethereum's price could experience a short term increase in price as a result of its PoS upgrade. However, it could quickly decline in price as hype comes to an end. This is the same as Zcash where it reached an ATH of over $5k per coin, just to be valued at nearly $40 per coin today. The steep decline in price, has left many early investors financially bankrupt. The smart people would buy ETH a couple of months after the PoS upgrade is released. Only then, they'll be able to obtain the minimum 32 ETH for staking at the lowest prices possible.

Considering that PoS hasn't even launched yet, it may be too early to tell if the 32 ETH requirement will be fixed or changed over time. If I were part of the dev team, I would encourage the decentralization of the network as much as possible. Setting a dynamic requirement instead of a fixed amount, could prove to be ideal in a highly-volatile crypto market. Imagine if 1 ETH would've cost $500. It would take the average person $16,000 to secure the ETH blockchain for the foreseeable future. While there's still the choice of staking pools, the number of participants in ETH's consensus will be very low increasing the chance of centralization.

Nonetheless, if ETH remains a hybrid cryptocurrency forever, then there would be no need to worry about the required number of coins for staking. People who can't afford 32 ETH, could simply resort to mining the cryptocurrency with GPUs. This will maintain the decentralization of the underlying blockchain for many years to come. But if ETH goes full PoS, the decentralized model of the blockchain will be put at risk threating the security of the world's second largest cryptocurrency by market cap. Just my opinion

If you are actively watching reddit and you can easily find an interesting discussion about why vitalik was taking 32 ethereum as the minimum requirements to be the validator.
https://www.reddit.com/r/ethereum/comments/9zyv29/when_will_we_know_32_eth_for_pos_is_the_final/
It's clear if vitalik has been answering so many questions about that and it's not just only a rumour without argumentation.

I still believe that shrimp holders will be more beneficial to this staking option. I doubt if individuals would risk 32 eth into a single staking program. Even the whales would find it difficult to invest such a sum considering the inherent nature of the industry. I would advise that they should reconsider the minimum amount of investment to attract more investors or better still, create a strategy that will help more ethereum holders to come into the fold.

On a second thought, I have a strong conviction that this staking program could contribute to an increase in the value of ethereum. I would personally love to see ethereum grow in value and compete rightly with Bitcoin.

actually, i am searching this 32eth for validator account argument. its rumour too its not announced official but on this message vitalik confirmed this rumours
https://twitter.com/vitalikbuterin/status/1002914813578637312

Read that update but didn't find any requirement on 32 ETH to launch validator contract. Could you be a more specific on that by providing the link to official source?

For sure! If staking will be lower - more peoples will enter this scheme. Furthemore - it will be a good effect for a price. A ot of people decide to buy ETH for receving their percents for a staking.

i've read the update so its a hybrid just like you said. will it help the network to enable more TPS?

what i'm saying though is that to secure the profit, you may want to wait first because every time a coin shifts to another algo, the price usually sinks. if you buy ETH today the price could be higher than what might it be after the POW. it could be less $100, so save some USD til you see what will happen. prices will always dip, some whales are going to drag its price down.

there will be 2 chain, eth1 (POW chain) will continues, and eth2 (POS chain) will created as beacon chain.
and there will be a smart contract on pow chain to send eth coins to pos chain. this chain is one direction and contract only has deposit method. so you can never take your coins back from pos chain to pow chain.

on pos chain 32 ether needed for validator account

https://blog.ethereum.org/2019/11/21/eth2-quick-update-no-4/

by lowering the minimum ETH many participants will be, but maybe with the decrease the results obtained cannot be maximized, and inevitably decrease. so with a big bet it only applies to a few participants who have large capital, but also large income