32 ETH for staking?! - page 5. | Bitcointalksearch.org

Khuongcute2503

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Quote from: Ken_terrance on October 30, 2019, 03:39:15 AM

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

Lol the ETH 2.0 staking reward is not for average people in the space, the way i see things only whales will benefit from the staking, well this won't be a problem though because ETH is the second biggest coin in crypto space today so many people will still rush to buy and start staking

You were right about this. Only whales will benefit from these moves. There will be lots of risks if we get involved. Although ETH ranked second in the rankings, it brought too many risks. Compared to the ATH, the current price is /10

Bananington

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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

Personally I don't think 32ETH is way much compared to some other masternode projects, even though I prefer free staking. However I get your point here, the more people involved, the more people who support the network and that's reasonable. Let's just keep our fingers crossed as there is no official update to this end with regards ETH2. 0 staking from Ethereum foundation. Or if there is any official update, please a link will do, thanks.

Xxmodded

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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 am glad with staking coin and ethereum is very recommendation coin for staking because etehreum have good price at the future, could you give source link which one better for staking coin, I want to staking coin than I holding without increase our ethereum, just give me website link for staking coin and how much earning for every month and how much percent I got if staking coin.

akmal1984

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That is a very large number and will definitely not be able to be reached by many people. But on the other hand this will make many big investors going to staking ethereum. This clearly makes the position of ethereum will be stronger in the future. This is also good for maintaining the stability of ETH prices in the market. I'm sure the ethereum developers must have thought of all the consequences.

BigBoy89

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I guess the point to be so high (32ETH) is to keep the big wallets locked/staking and small amounts in circulations.
IMO this could lead to substantial price surge because of the artificially lowered coins in actual circulation.

But then the staking pools will pop-up as mushrooms. And scams along with them, offering too-good-to-be-true staking conditions.

tinyteapot

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The eth staking does not really impress me because the speculations at this time shows staking returns on sliding scale from 18.10% down to 1.56% depending on how many ETH are being staked, this i consider too low for an annual investment, it can be however be profitable if the eth price really appreciate.

The 32 Eth can be shared through an ethereum staking pool, read more at https://medium.com/rocket-pool/rocket-pool-beta-v2-guide-cc68ddf90e61
please do your findings before sending your eth to any staking pool.

barnes13

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Quote from: ivaf on October 30, 2019, 03:24:51 AM

I am sure that if we need 32 ETH for a stake, then pools will surely appear. They will help those who do not have enough money, but who want to take part in the PoS on Ethereum.
I myself would be happy to use the services of such a pool.

Well, you are right. If 32 ETH is the minimum capital to do staking for 1 person, then I think not everyone can enjoy it because the funds needed are very large to start. I'm sure someone will provide something like this (pools) later. But the reason behind this may be that the developer wants to increase new demands that make ETH prices higher quickly.

sorrros

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When I read this information for the first time I was shocked, why they are going to make Ethereum centralized for big whales?
Okay now it is only 5000$, but if Ethereum goes back to its ATH then the price for participating on staking will be around 40 000USD! I think, that it is not a good idea.

Ucy

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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 totally agree.
The minimum requirement is strange considering that Ethereum developers want true decentralization.
I guess it will be cheaper to sart a mining business on Proof of Work Blockchains than on Ethereum proof of stake.
$5,780 minimum requirement is too high. Not like I care about PoS though. Pow is better so far

Javi_Anibarro

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Quote from: VDraci on October 30, 2019, 03:43:41 AM

I still find it hard to belief this high ETH staking requirement but its too early to judge until the upgrade is complete, seriously its way too much for people like myself that can hardly provide or buy 2 eth

It has been determined every validator needs 32 ETH, you can see it the detail here: https://docs.ethhub.io/ethereum-roadmap/ethereum-2.0/proof-of-stake/.
This PoS will work as other PoS which means there will be a pool for people that can not afford to get a single validator.
That is not much actually for a big project, look at Dash for example requires $72.000 worth of Dash to run a single masternode.

Rodeo02

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Quote from: Ken_terrance on October 30, 2019, 03:39:15 AM

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

Lol the ETH 2.0 staking reward is not for average people in the space, the way i see things only whales will benefit from the staking, well this won't be a problem though because ETH is the second biggest coin in crypto space today so many people will still rush to buy and start staking

The idea was good and it will help to increase the demand of ETH. This 32 ETH is worth almost 6000$ as of today but the price might be different when ETH 2.0 started . That time ,only largest funds investors can only be able to stake it or else like others said make a join pool if you have low ETH holdings.

Yaunfitda

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For average casual Joe's like me, yes this seems to be very high.

But I guess they are targeting mid tier to high level investors here in the beginning and see how it goes. And I'm sure they will get a lot of backlash here, I mean 32 ETH really?

@MinerVGA - the point is that there are a lot of average investors/traders here believed me. If this is their plan they then are very wrong and they could get a bad impression with their staking rule here.

joinfree

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The collateral amount of ETH required is very huge and i believe this would not allow us to experience the full decentralized network of Ethereum. I think the developers might come up with a shared staking mechanism where individuals can contribute amounts in order to reach the collateral amount. This would help so many miners to stay up with and support the network other than leaving it all in the hands of some few whales which can make the network susceptible to 51% attack.

VDraci

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I still find it hard to belief this high ETH staking requirement but its too early to judge until the upgrade is complete, seriously its way too much for people like myself that can hardly provide or buy 2 eth

tsaroz

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Quote from: Ken_terrance on October 30, 2019, 03:39:15 AM

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

Lol the ETH 2.0 staking reward is not for average people in the space, the way i see things only whales will benefit from the staking, well this won't be a problem though because ETH is the second biggest coin in crypto space today

32ETH for a validator is very cheap compared to similar node of DASH. Currently there are about 109000 wallets that holds above 32 ETH.
Still many things are to be revealed about the validator node. Whether it would be a server friendly or not.

Ken_terrance

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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

Lol the ETH 2.0 staking reward is not for average people in the space, the way i see things only whales will benefit from the staking, well this won't be a problem though because ETH is the second biggest coin in crypto space today so many people will still rush to buy and start staking

TGD

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Shrimp holders can do a group staking same idea on a group buy. They just need a trusted person to hold and stake there funds on the ETH contract. They might decided to set the amount high so that it will not flood ETH network for too much mini transaction.

ivaf

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I am sure that if we need 32 ETH for a stake, then pools will surely appear. They will help those who do not have enough money, but who want to take part in the PoS on Ethereum.
I myself would be happy to use the services of such a pool.

Pearls Before Swine

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While I think 32 Eth is rather high, it's not an astronomical sum by any means. It *will* exclude a lot of lower net worth investors who might otherwise be interested in staking it, and that's unfortunate. I don't know why the new pos protocol can't make Eth stake-able like other pos coins, where there is no minimum. I'm very interested in staking, but I can't say I have 32 Eth right now and it is a lot of money for me to invest in a single coin.

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

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.

That would be nice, but I bet they're not going to back down now.

batang_bitcoin

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I'm interested with that topic and actually researched about them before. I've read that there's like a pool where you can join with any amount of ETH just to complete that 32 ETH as minimum requirement for staking.
I wholly forgot that discussion but it's somewhat like that, since we are not yet onto that point but I think some devs will do something like that to offer for smaller holders that wants to stake their ETHs.

Topic: 32 ETH for staking?! - page 5. (Read 889 times)