ETH proof of stake details. | Bitcointalksearch.org

livingfree

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Quote from: tinyteapot on November 05, 2019, 06:10:25 AM

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So, the upcoming ETH POS system will require you to have at least 32 ETH in a wallet or you can join pools.

32 eth is required but you can join pool https://www.rocketpool.net or https://ethstaking.io

Do we have other information about the two staking pools? I'm interested of staking my remaining ETH and earn some dividends while doing nothing with those ETH that I hold.

As I've read, they are still on the beta phase. But are these pools reliable and trustworthy whenever the staking is already on the go?

Quote from: plast555 on November 06, 2019, 04:35:39 PM

The Ethereum is a cryptocurrency, which is quite a consideration.

So probably the big whales are going to invest a lot of money.

You will find it challenging to stake 32 ETHs, while some will make 32,000 ETH stakes. Naturally, your stake prizes will drop.

That's why I don't want to invest in ETH by staking coins.

How about those people that already have ETH on hold and interested of joining pools if they can't make 32 ETH?

plast555

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The Ethereum is a cryptocurrency, which is quite a consideration.

So probably the big whales are going to invest a lot of money.

You will find it challenging to stake 32 ETHs, while some will make 32,000 ETH stakes. Naturally, your stake prizes will drop.

That's why I don't want to invest in ETH by staking coins.

Pearls Before Swine

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Quote from: tinyteapot on November 05, 2019, 06:10:25 AM

No, it does not matter when you are using pools but i am not sure of the personal staking.

I haven't heard anything about coin age, so I'm assuming there's no requirement. There are some pos coins that require staking coins to 'mature' but the maturity time is generally hours and isn't many at that. The coin I'm thinking of in particular is reddcoin which is 8 hours if I'm not mistaken. Pivx also requires a certain number of confirmations before your coins count for staking.

Anyway even if there was some sort of aging requirement I can't imagine it would be that bad, and there probably isn't one to begin with. I'm more concerned about getting the 32 Eth needed to stake. That's a lot of money for me right now.

Rodeo02

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Quote from: Red-Apple on November 05, 2019, 07:48:08 AM

it is designed in a way to benefit the whales as much as possible and help them go in and out of ETH as fast as they like to get the most profit and become richer.
so for example a whale could buy thousands of ETH, stake them while pumping it, get his profit out quickly in the first payment interval and dump it all (what he bought and the free huge profit) on the market with no risk and take his money elsewhere to pump that other coin and come back in a couple of months to repeat the same thing after the crash was over.

You may think so broadly but it is possible to happen ,besides we all know that there will be hype that will going to happen and expected that it will affect more for ETH price.there will be whales that want to be benefited with the upcoming event that will happen .everything will be expected and lower trader will just keep up with the hype just to earn .

Red-Apple

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it is designed in a way to benefit the whales as much as possible and help them go in and out of ETH as fast as they like to get the most profit and become richer.
so for example a whale could buy thousands of ETH, stake them while pumping it, get his profit out quickly in the first payment interval and dump it all (what he bought and the free huge profit) on the market with no risk and take his money elsewhere to pump that other coin and come back in a couple of months to repeat the same thing after the crash was over.

tinyteapot

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Quote

So, the upcoming ETH POS system will require you to have at least 32 ETH in a wallet or you can join pools.

32 eth is required but you can join pool https://www.rocketpool.net or https://ethstaking.io

Quote

In other words, does it matter how long someone had the ETH on their wallet?

No, it does not matter when you are using pools but i am not sure of the personal staking.

Javi_Anibarro

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Read this for reference: https://docs.ethhub.io/ethereum-roadmap/ethereum-2.0/proof-of-stake/
Scroll down and find What happens if I lose my internet connection while staking.

AppliedOptimal

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So, the upcoming ETH POS system will require you to have at least 32 ETH in a wallet or you can join pools.

I was wondering whether there will be a reference to coin age?
In other words, does it matter how long someone had the ETH on their wallet?

Topic: ETH proof of stake details. (Read 145 times)