32 ETH for staking?! - page 3. | Bitcointalksearch.org

ronaldo40

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Quote from: Abiky on October 29, 2019, 05:52:12 PM

I came up with an article across the web, explaining Ethereum's staking requirements in the future which is going to be a minimum of 32 ETH.

will we get a higher chance of finding a block if we hold more than 32 ETH?
because right now there is a few addresses that holding 200k eth++ so if that account starts staking will they get a higher chance than the people that just staking with just 32 eth?

3DBrushes

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It is definately high but while comparing it with some popular masternode coins like dash etc it is quite affordable for some people. But still it is not for average people. Average people must not do staking as it is not profitable for them.

Casdinyard

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Quote from: gensol on November 01, 2019, 04:06:00 PM

Staking is high team should provide pools to encourage small investors to be part of the PoS mechanism when it's launched. Many small investors will be I teredted nut won't be able to afford the cost to stake their tokens.

Quite a bit more agree though participants shouldn't expect a quick and high return of investment as it will be just few considering how many people will participate in the pool. And I guess 32 eth is final, whether you grab it or not. Vitalik won't mind if there will be fewer people who will do PoS and considering the whales are enough for the meantime, IMHO.

gensol

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Staking is high team should provide pools to encourage small investors to be part of the PoS mechanism when it's launched. Many small investors will be I teredted nut won't be able to afford the cost to stake their tokens.

CryptoVzla

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That is high sick for staking, i cant effort it for sure, i hope vitalik will consider minimum amount for staking is 1 or 2 eth
so everyone can earn passive income by stake their eth on chain !

cunguks

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Quote from: lolgato1 on November 01, 2019, 01:25:55 PM

Probably there is not a problem with an amount what is needed for staking, but with the interest. Don´t you think that 10% interest is too generous? I am afraid that this will lead to huge inflation and Ethereum as a coin will not be as rare as Bitcoin.

different from bitcoin, if staking ETH with 10% interest in the specified time not so long it might be profitable. but before doing so, do a market analysis for the likelihood of future ETH prices. Indeed, no one will know, but from the trend and plan for the renewal, we will be able to make a possibility. we can profit from the amount of ETH and interest we get.

daarul50

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Quote from: DarkDays on October 31, 2019, 07:42:41 PM

$5,000 isn't actually too bad. At some points, acquiring a DASH Masternode was somewhere in the order of $100,000.

If you actually look at the amount of ETH held in the average ETH wallet, you'll find that a large number of Ethereum holders are actually wealthy enough to participate in staking.

I personally wouldn't want to lock up $5k just to secure the Ethereum network, unless the staking rewards were pretty lucrative (e.g. 10%+ per year).

Ethereum is too volatile to lock up for long periods.

even with the alltime high like $1000 price/ 1 ethereum that 32 ethereum is worth $32000 which still far below most well known crypto staking system like dash as you said , require around $75000.

ethereum staking especially for now where the price is very low , it should be profitable to lock it up for staking.
it should be an opportunity to gain more ethereum, to gain more value by staking it. why not? it worth the risk.
i don't mind to do that with those staking amount is still in the fair line.
ethereum price is not as volatile as any other cryptocurrency i guess unless if you compare it to stable coins which it is not fair., how can you say that?

lolgato1

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Probably there is not a problem with an amount what is needed for staking, but with the interest. Don´t you think that 10% interest is too generous? I am afraid that this will lead to huge inflation and Ethereum as a coin will not be as rare as Bitcoin.

poornamelessme

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Quote from: Absolutep on November 01, 2019, 01:58:20 AM

If 32 ETH is required then there must be a pool which can bring people that cannot afford the 32 ETH together. It will be nice and many will be willing to be a part of it.

I'd think eventually there will be pools, but that may be odd to start with in the early stages. As all staked coins will be locked up during the beacon stage. And it'd seem weird to have staking pools where folks can't withdraw their coins ... and that may end up being a year or more.

huu78

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I'm not interested in staking because the profit taking is pretty long, and it takes 32ETH? It includes a fantastic nominal for its own staking. If fewer requirements may be more interesting.
If that, mending me throwing into IEO or trading days to get a faster and maximal advantage.

lousie9

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risking 32ETH is a large amount, even I don't have that amount of investment, I think if the team can reduce the minimum cost it might be able to attract the attention of investors back, because with the low network costs in the platform, more and more users will join and use it for their needs.

Absolutep

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If 32 ETH is required then there must be a pool which can bring people that cannot afford the 32 ETH together. It will be nice and many will be willing to be a part of it.

studio1one

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True they should drop the minimum requirement for staking because I would not like to use staking pools to get my rewards and pay them a %.

SamarasLoch

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The advent of a staking option on the ETH blockchain is a step in the right direction without a doubt. Although, I must agree with you that the minimum requirement thus far seems too big for the average person. But then, we could always pool funds together and maximize the potential of the staking so it isn't much of a problem. The Ethereum 2.0 is one to look out for

meliodas

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Quote from: dark08 on October 31, 2019, 07:54:56 PM

Quote from: Abiky on October 29, 2019, 05:52:12 PM

I came up with an article across the web, explaining Ethereum's staking requirements in the future which is going to be a minimum of 32 ETH. Multiplying this with current prices, I get an average of $5,780 (USD) (at $180 per coin). This doesn't seem cost-effective for the average person, as it's somewhat expensive to start earning rewards from the ETH blockchain. If ETH devs leave that requirement for staking upon the launch of Ethereum 2.0, I'm afraid that the blockchain will be less secure than what it is right now (as less people will be able to keep the network strong).

The best solution would be to lower the minimum ETH required for staking in order to encourage the average person to support the blockchain as much as possible. With lower costs, nearly anyone will be able to join the ETH blockchain, making it much more resilient against third-party attacks. What do you think about this? Huh

I agree to you this 32 ethereun is a huge amount of money specially if you are average people butto think on the other scenario you will get a good amount of return by staking your ethereum. I think those people who have a lot ethereum on their bags will benefits this staking.

32 Ethereum is not a huge amount of money if we will compare it to other cryptocurrency that offers staking and masternode. With the performance and the vision of ethereum for the future, I think that it is really worth it investment and to be honest, I am saving up my money to reach that minimum so I can have another source of income.

poornamelessme

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Quote from: DarkDays on October 31, 2019, 07:42:41 PM

$5,000 isn't actually too bad. At some points, acquiring a DASH Masternode was somewhere in the order of $100,000.

If you actually look at the amount of ETH held in the average ETH wallet, you'll find that a large number of Ethereum holders are actually wealthy enough to participate in staking.

I personally wouldn't want to lock up $5k just to secure the Ethereum network, unless the staking rewards were pretty lucrative (e.g. 10%+ per year).

Ethereum is too volatile to lock up for long periods.

Actually at some points (early 2018, to be exact) a Dash masternode was over a million.

Which is why staking/rewards doesn't mean a whole lot to me. I mean, what good is 5-10% a year when a coin can lose 90%+ of its value? It's not quite the same as bonds. If I had 1-1.5 M worth of Dash, and it's now worth about 75K, I wouldn't think to myself, "Yay, I got 5% in rewards for the year." I'd be grumbling about losing over 90% of my investment.

Although in a bear market like we are currently, staking rewards are at least something, assuming folks invest at the bottom. I don't view 5-6K as being too high a price to stake. But as I understand it (and I may understand it incorrectly) for the first year or two there will be two ETH blockchains, one staking and the current one. And if you decide to stash away your ETH to the staking chain, it's sort of locked there until the next dev stage.

Which means it might be an opportunity for the coin to pump with so many coins locked away. Or none of it will matter and the markets collapse... who knows...

dark08

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Quote from: Abiky on October 29, 2019, 05:52:12 PM

I came up with an article across the web, explaining Ethereum's staking requirements in the future which is going to be a minimum of 32 ETH. Multiplying this with current prices, I get an average of $5,780 (USD) (at $180 per coin). This doesn't seem cost-effective for the average person, as it's somewhat expensive to start earning rewards from the ETH blockchain. If ETH devs leave that requirement for staking upon the launch of Ethereum 2.0, I'm afraid that the blockchain will be less secure than what it is right now (as less people will be able to keep the network strong).

The best solution would be to lower the minimum ETH required for staking in order to encourage the average person to support the blockchain as much as possible. With lower costs, nearly anyone will be able to join the ETH blockchain, making it much more resilient against third-party attacks. What do you think about this? Huh

I agree to you this 32 ethereun is a huge amount of money specially if you are average people butto think on the other scenario you will get a good amount of return by staking your ethereum. I think those people who have a lot ethereum on their bags will benefits this staking.

TaliskerDarkStorm

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I'm okay with the amount which is 32 ETH. But ETH is highly popular cryptocurrency. There will be incredible demand for staking. Some will buy 32.000 EH for staking. So your 32 eth staking reward probably means nothing at this moment. That's why I think.

DarkDays

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$5,000 isn't actually too bad. At some points, acquiring a DASH Masternode was somewhere in the order of $100,000.

If you actually look at the amount of ETH held in the average ETH wallet, you'll find that a large number of Ethereum holders are actually wealthy enough to participate in staking.

I personally wouldn't want to lock up $5k just to secure the Ethereum network, unless the staking rewards were pretty lucrative (e.g. 10%+ per year).

Ethereum is too volatile to lock up for long periods.

Kemarit

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I don't know how the hell they got that numbers, so that's roughly $6000 with today's price. So that's a huge amount to begin with. And I think it will only benefited those who have a lot of money to throw around the market and it could spell centralization for Ethereum. Could Ethereum here just wanted to make sure that they will survived after their ETH 2.0 plans that's why they raise the stakes so high in the beginning and then re-asset everything in the future?

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