Topic: 32 ETH for staking?! - page 2. (Read 906 times)

Believe me, once you get the minimum ETH required for staking, you'll be able to earn a constant reward over the long term. This will be just like a savings account at a bank, but better as you'll earn much more money over time if prices start to rise all the way to the moon. Getting 32 ETH for staking is much more affordable than saving money for a DASH masternode. Ethereum could remain a decentralized cryptocurrency for the world, because of its high accessibility.

While PoS may lead to a certain level of centralization for the ETH blockchain, it's the best way to go in order to increase scalability and reduce energy consumption by a long shot. People who can't afford 32 ETH would simply choose a staking pool to reap the rewards. While the earnings won't be the same, at least it's something that will accumulate over time which serves to be a nice source of passive income.

Nonetheless, we'll just have to wait for the ETH dev team to give out specific instructions on how to stake the cryptocurrency on our wallets. The 32 ETH requirement could be temporary as the underlying blockchain hasn't done the switch to PoS yet. As we get closer to this phase, developers could decide to either lower or increase the ETH requirement to become a validator. It's best to set a dynamic amount of coins required for staking instead of a fixed value, since ETH prices are volatile. Otherwise, the cost of obtaining 32 ETH for staking may increase according to the coin's price across the market. In the end, people will decide whenever they'll keep supporting ETH with its PoS implementation or simply switch to another coin that's much easier to mine or stake. With an ever-growing crypto market, there's a choice for everyone. Just my opinion

Of course you will get rewarded if you join in the staking. But you need to have 32 ETH first and then you will have to store them in the specified wallet. The reward is fixed per 32 ETH I think. So if you double your 32 ETH stake then you will also get double reward. The 32 ETH is just the minimum. You have the choice to make it higher if you want. Your reward will also go higher. But we need to wait for the specific instructions of Ethereum itself regarding this.

I have not checked anything about the info but I have one question, do we get rewarded as participants of the 32 eth stake? for example we are part of the 32 eth with a value of 0.1 eth, then whether we will get twice the reward or a percentage of what we bet before? or the reward will be calculated based on the big or small amount of our stake?

Well, at least the 32 ETH requirement is quite affordable compared to a DASH masternode. As long as ETH remains relatively low in price, anyone could easily afford 32 ETH with their Fiat currency of choice. The real deal would be if ETH rises to new ATHs across the market. Imagine how costly it would be to obtain 32 ETH with a price of over $1,000 per ETH. By then, only wealthy people will be able to effectively secure the ETH blockchain. For the rest, staking pools seems to be the way to go to make some "extra cash" with any amount of ETH held onto the service.

Nonetheless, the minimum requirement of 32 ETH can be left as is or lowered at will if devs decide to do so. After all, it's too early to talk about this since ETH is not a full-fledged PoS coin yet. Some say that ETH will turn into a hybrid coin (PoW + PoS) while others believe that Ethereum will adopt PoS in its entirety. If it turns out to become a hybrid coin, then it'll be a blast as there will be flexibility for people looking to support the ETH blockchain in every way. The ETH dev team should look for ways to maintain the blockchain as decentralized as possible instead of focusing on profit. Just my thoughts

guys i can not find any official document for validator account's amount of ethereum. everyone says that 32 ethereum needed for validator but does it rumours or announced officaly? and the another thing everyone says vitalik offered %5 annual rate for validator revenues. please give an official link about it. i want to clearify this v2 phases.

What I have to say has nothing to do with just Ethereum, it applies to all staking coins.

How do you decide which coin you want to stake? I hope this is not a decision based on the amount required for participation. I think the future value of that coin should be taken into consideration when choosing the coin to be staking. Because the number of coins increased with staking can cause the price to fall. If you do staking coins that you think the price will rise in the future, it will not affect you even if the price decreases. I think that's an important detail. The market also has coins offering 20-30% staking returns. But their future is very uncertain ... And I don't think you have a chance to profit from that coin. If you think Ethereum will increase in value in the future (which I think), it is certainly a logical investment.

If you want to get involved, there certainly would be a online pool to invest in. Binance has already hinted they'll support staking of Ethereum in their wallet. Though the rates would be a bit lesser than running your own node but you would not need to worry about technical aspects of setting up and running.

Ethereum mining is also not for everyone. You need to have enough capital if you want to start a Ethereum validator node and 32 ETH is not only the full cost of the node. There would be other expenses involved. Most probably a VPS would be required for your node to remain active 24/7.

if you earn by just staking its still profitable.
you don't know yet how much will eth be after they are going to shift to POS but i'm almost certain before this shift will happen there will be huge dumps, if you want to stake you might consider waiting for that to happen first. 32 eth isn't a huge as what Dash needs to run MN. if there will be pool, i guess you can just invest few ETH and join the pool.

I was thinking about using a little money first to learn the market algorithm. Large capital certainly has a big risk, if you are just starting out, you should use less funds to find knowledge and use other funds for real work in daily life.

They would just say it aint fair.
I have one of the largest amount of ETH as an example.
I wouldn't dare to say that we should be equal in this field.
I want more than what you will receive because I am one of the prime holders.
Giving intensives to low number holders could just make the value go down.

Imagine I am  holding .1 ETH but yet I can receive the same thing as you are with 10  ETH in your account. Will you be happy with that?!!!

Pooled staking is great for earning rewards from amounts lower than 32 ETH, but it's not enough for preserving the decentralization of the underlying Blockchain network. This would be the same as PoW where mining is concentrated in the hands of a few. Still, PoW's model has far greater decentralization than PoS itself. The problem here is not the amount of coins required for staking, but rather the price in terms of Fiat. At $180 per coin, you'd need to spend $5,760 in order to maintain/support the Ethereum blockchain for the foreseeable future. Imagine if prices per coin where $1,000 and above. The costs for securing Ethereum would've been enormous, greatly diminishing the decentralization of the Blockchain.

With Pooled Staking, only pool operators will be able to secure the ETH blockchain. This gives the power in the hands of a few, increasing the centralization of the network. Most people only care about the rewards rather than the long-term stability and censorship-resistance of a cryptocurrency. They're only in it for the money than anything else. Only a few are vigilant taking their efforts to protect decentralization at all costs.

Nonetheless, while 32 ETH looks like a hefty sum in terms of USD, it's still cheaper than running a DASH masternode. People have different Blockchains to choose from (like Ethereum Classic) in case they're not comfortable with Ethereum itself. In this world of diversity, there's a cryptocurrency for everyone. Just my thoughts

I think that still many people will be able to stake their Ether coins thanks to staking as a service programs. But, it will lead to a centralization, that´s why I do not understand why Vitalik and team didn't think about it in this way.

I am under the impression that you can lose your staked ETH if you validate an incorrect block. But places like Coinbase will stake for you and guarantee your returns and that you don't lose your ETH. I'll go that route. No way I'm losing 32 ETH

Yeah if they lower the amount of eth that can be staked it wil be better as more people will be able to safeguard the network as well as earn reward which will increase demand and value of eth, i just hope that this change of algorithm will be coming soon and before the eth 2.0 launch and also i hope eth will introduce easy staking like just holding eth in mew as vps and other complex procedures can discourage common investors.

Is not worth it in my opinion, because ETH is showing literally nothing throughout the last several years. I hardly doubt that the next update and staking opportunity will push the price forward, mining brings more money.

As others have stated, too low an amount isn't ideal either. I realize $5800 isn't a small amount of money to some, but we aren't talking about Dash masternode numbers here.

I also don't quite understand why anyone would make that big a deal of it anyway. 5% year on a coin that sometimes fluctuates more than that in a day ... it's not like holding 32 ETH will provide huge rewards and remain a stable price. Take your money and stick it in a 5% junk bond if you really, really want that 5%, it'll be more stable than ETH or any crypto.

And I assume there will be pools, so go with that if you want.

Did Vitalik though people in the crypto world are rich people now? 

Yes, that is a lot of money and I wont risk that much just for staking. I know I could keep it in my wallet but the thing is how about the new guy?
$5760? That is just $180 per ETH. What if it goes larger?
You are right, an average person like me cannot reach that kind of amount in just a blink of an eye. Maybe it will take 6 months of my salary without eating anything. 
They should lower the requirement.

The future certainly looks exciting for ethereum, I believe we are just in the process where every altcoin enthusiast must trust the power of ethereum. In the near very future, ethereum would be able to mount more pressure on the current dominance of bitcoin.

Well, Dash masternodes are extremely expensive making the cryptocurrency centralized by a few players. It would've been best for Dash to adopt a "dynamic" collateral fee for masternodes in order to encourage decentralization. With a static collateral fee of 1000 DASH per masternode, only wealthy individuals will be able provide additional services to the Dash blockchain. In the case of Ethereum, the 32 ETH required for staking may not seem that much with current prices. But if the requirement for staking remains static, you could expect for prices to skyrocket in terms of USD. After that, most people couldn't afford to earn staking rewards for securing the ETH blockchain rendering it centralized over time.

Nonetheless, if Ethereum decides to keep the 32 ETH requirement for staking there are always other options out there on the market. We already have Ethereum Classic which has adopted a monetary policy and aims to remain a PoW cryptocurrency for the foreseeable future. If ETH fails in terms of decentralization, at least the original version of Ethereum (ETC) would remain decentralized and censorship-resistant enough for the mainstream world to rely on. Just my opinion