Ethereum 2.0 is shaping up | Bitcointalksearch.org

Youghoor

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Quote from: Tipstar on October 26, 2019, 10:23:26 AM

There are details coming out from the Ethereum 2.0

To need to be a POS validator, one should hold at least 32 Ether.
The validator's income would be between 4.6 to 10.3% per annum.

The reward seems to be Okayish due to nature of Ethereum but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future.

Personally I don't really think this new advancement to Ethereum is gonna bring any specific change into the Ethereum market and its ecosystem. A coin with no quantity limitation will always have problems with its market value. In as much that this upgrade looks good and promising, its gonna have no real impact on the market value of Ethereum. So far as there is still creation of new Ethereum coin, this upgrade is just gonna have no change on the market ecosystem...

poornamelessme

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Quote from: Herbert2020 on October 28, 2019, 05:13:46 AM

so basically they are going to kill the project in long term as the price is going to get dumped a lot harder after a while when the huge whales that own millions of ETH start dumping their accumulated free coins that they get just because there is a huge 10% profit for them out of thin air for doing nothing. and since they have virtually no cost (since it is no longer PoW and there is no mining involved) they can consider that free money as pure 100% profit. and that dump will crash the market on top of the ongoing dump that happens due to unlimited nature of ethereum and the fact that it already has a huge supply in circulation.

If I read the plans correctly, I wouldn't expect any dumps from staking for at least 1-2 years. As whatever is staked while on the beacon chain can't be withdrawn (I think).

However, long term may be a different story. I'm not sure how many will be getting that 10% or how many will be closer to 4%, I guess that could be a factor. If the reward system is based on number of coins held in staking, which is what I assume, the model may be closer to some sort of tiered masternode, so large holders may not be so eager to dump all staked coins, as if they did then their reward percentage would go down.

EmmanCryp

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So proof of stake for ethereum will be going live soon. That's cool. Minimum hold amount is ok but nothing special about returns compared to other competitions.

vanya.pronin.1983

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Still do not understand why people are so overhyped about the next update. I personally, do not believe that another update will solve all the problems and will make ETH to increase its price. The lack of updates and team engagement is destroying ETH.

Herbert2020

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so basically they are going to kill the project in long term as the price is going to get dumped a lot harder after a while when the huge whales that own millions of ETH start dumping their accumulated free coins that they get just because there is a huge 10% profit for them out of thin air for doing nothing. and since they have virtually no cost (since it is no longer PoW and there is no mining involved) they can consider that free money as pure 100% profit. and that dump will crash the market on top of the ongoing dump that happens due to unlimited nature of ethereum and the fact that it already has a huge supply in circulation.

Javi_Anibarro

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Quote from: poornamelessme on October 27, 2019, 02:18:35 PM

So if I understand this correctly, this will probably take 1-2 years for the early phases, but staking will start as soon as the beacon chain is released (I am guessing early 2020)?

And the early phases may be a bit of a conundrum for coin holders -- they can swap to POS but you won't be able to swap back or withdraw, or hold and wait ... latter I assume will still be the main chain and listed on exchanges like normal, so tradeable, and the POS coins will be locked in.

Which in a way could result in the coin spiking in price if a decent number of coins are locked up in POS-land while others try to chomp up coins to meet the POS requirements. But if not, then those early folks who locked into POS I'd guess will get the better rewards, so it would have been smarter to swap them over.

Yes it will probably take 1-2 years if there is no delay and assuming beacon launches in 2019 or early 2020. And Beacon chain is specialized in managing proof of stake protocol which means it will live as soon as Beacon chain launches. We have heard this transition for almost 2 years, there could be a delay happening in the future, do not forget ETH 1.0 and ETH 2.0 will still operate in parallel.

Chikito

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Quote from: Tipstar on October 26, 2019, 10:23:26 AM

To need to be a POS validator, one should hold at least 32 Ether.
The validator's income would be between 4.6 to 10.3% per annum.

I have been read all detail here : by Collin Myers at ConsenSys Solutions: Examining the Proposed Validator Economics of Ethereum 2.0
It's completed article you should read about Ethereum 2.0

joseyphil82

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Quote from: Tipstar on October 26, 2019, 10:23:26 AM

There are details coming out from the Ethereum 2.0

To need to be a POS validator, one should hold at least 32 Ether.
The validator's income would be between 4.6 to 10.3% per annum.

The reward seems to be Okayish due to nature of Ethereum but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future.

Honestly speaking Eth moving from POW to POS can be a bad idea, i can't help but keep thinking about all that hash power of eth, and how many miners around the world prefer to mine eth because of its profitability but now it will be no more, am i the only one seeing this?

bitcoinposts

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With new Eth 2.0 we can expect the eth and eth related coins will get pumped With new pos model we can expect fast transactions

Willitivity

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Ethereum has been a very promising alt and has shown resilience in spite of the market conditions. This upgrade will sure be more icing on the cake. This will open up more window of opportunities for ETH and holders. This POS addition will also bring in more investors and adoption for ETH. Positively looking forward to 2020.

Stanlo

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Quote from: Tipstar on October 26, 2019, 10:23:26 AM

There are details coming out from the Ethereum 2.0

To need to be a POS validator, one should hold at least 32 Ether.
The validator's income would be between 4.6 to 10.3% per annum.

The reward seems to be Okayish due to nature of Ethereum but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future.

The implementation of the POS ability will make many more investors what to buy and hold of course but i am not sure about the scalability fix for developers still its a must so that developers can choose eth over other alike projects like tron or eos

asriloni

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Quote from: 10c on October 27, 2019, 03:48:34 PM

4-10 percent per year is a very small reward. I think that only very large ethereum holders will earn POS. Because if I have 32 ETH at all it is better for me to find other ways to earn money

In POS consensus and one thing that you should remember about bigger amount and bigger reward will have received by the stakers. Imagine if you have a million dollar worth of ethereum and you can earn a lot of money with just sitting in your chair.
I should remind you if you must remember if there was an awareness if 32 ethereum is a minimum amount. More ethereum and more reward and 10% is a huge annual return for stakers.
It's not a big surprise to see that the big players will always become the winner consider about this consensus used the token as a security that makes the participants in the blockchain to secure the network to receive the reward like miner. This is much better rather than wasting so many energy like POW consensus.

I hope you see the words of "at least 32 ethereum has needed to be a validator".

10c

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4-10 percent per year is a very small reward. I think that only very large ethereum holders will earn POS. Because if I have 32 ETH at all it is better for me to find other ways to earn money

krisnajsadrak

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Quote from: Tipstar on October 26, 2019, 10:23:26 AM

There are details coming out from the Ethereum 2.0

To need to be a POS validator, one should hold at least 32 Ether.
The validator's income would be between 4.6 to 10.3% per annum.

The reward seems to be Okayish due to nature of Ethereum but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future.

this is great, i think when the time come, the price of eth will surge my friend
anyway where did you found this informations ?
would you like to share me a link about this informations mate

joinfree

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The switch from PoW to PoS on the Ethereum network is a great development which i believe would increase the scalability of Ethereum network. We are likely going to see an increase in the number of transactions, adoption and also reduced the expenses of miners in keeping the network healthy. With these new requirements i guess me and a couple of friends can become a validator on the network if we put our resources together Grin

Pearls Before Swine

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Quote from: Tipstar on October 26, 2019, 10:23:26 AM

To need to be a POS validator, one should hold at least 32 Ether.
The validator's income would be between 4.6 to 10.3% per annum.

Excellent, thanks for posting this. I already have an interest in Eth but I've been hoping that it would go full proof of stake and was wondering how much I'd have to hold in order to earn rewards. I wish I had 32 Eth but I don't (yet). Good thing it's such a bargain at the moment, and I do plan on increasing my holdings in order to take advantage of this whenever the changes happen.

Very cool.

Quote from: Nadziratel on October 26, 2019, 10:32:43 AM

So every node needs $5900 invest first. (ETH = about $180)

That's not bad if you compare it to owning a masternode like dash, but it sucks if you compare it to other pos coins with no minimums. Oh well, I knew the amount was going to be around 30 coins.

poornamelessme

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Quote from: Javi_Anibarro on October 27, 2019, 12:56:33 PM

Quote from: poornamelessme on October 26, 2019, 01:08:04 PM

Has the timetable for 2.0 been released? I believe it's going to be released in stages, starting this January. But when will POS kick in exactly?

4-10% isn't bad, although with crypto I tend to think rewards doesn't matter as much as we think. At least not in a bear-ish market -- crypto is so volatile it's hard to look at rewards in the same way as one would with bonds or regular bank interest.

For information regarding timeline you can read this: https://docs.ethhub.io/ethereum-roadmap/istanbul/#timeline
it will be updated when the team has decided the date of the launch, not only timeline in there you can find everything about the upcoming upgrade.
from the system, hardware requirement, technology and many more.

Thanks for the link.

So if I understand this correctly, this will probably take 1-2 years for the early phases, but staking will start as soon as the beacon chain is released (I am guessing early 2020)?

And the early phases may be a bit of a conundrum for coin holders -- they can swap to POS but you won't be able to swap back or withdraw, or hold and wait ... latter I assume will still be the main chain and listed on exchanges like normal, so tradeable, and the POS coins will be locked in.

Which in a way could result in the coin spiking in price if a decent number of coins are locked up in POS-land while others try to chomp up coins to meet the POS requirements. But if not, then those early folks who locked into POS I'd guess will get the better rewards, so it would have been smarter to swap them over.

Sebas.tian

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Personally I believe in ethereum than any other altcoins because of it prospect from inception. The upgrade will add more savour to the cryptocurrency. If their stacking rewards will be as speculated then there is a clear indication that the team want to see a a possible inflation in POS compare to POW. Although the team are expert and would know what will suit the project.

Bananington

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Quote from: Tipstar on October 26, 2019, 10:23:26 AM

There are details coming out from the Ethereum 2.0

To need to be a POS validator, one should hold at least 32 Ether.
The validator's income would be between 4.6 to 10.3% per annum.

The reward seems to be Okayish due to nature of Ethereum but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future.

The staking reward is cool, I'm also hoping there is improvement in Ethereum blockchain architecture as a whole and not just a switch to POS algorithm. Please I will like to know the source if this info, is it from Ethereum foundation?

bigcash2011

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As a long term supporter and hodler i fully welcome the upgrades and updates in shape of Eth 2.0 and i am sure this will bring revolutionary changes to the eth network and it will result in massive demand and price surge starting from early 2020 that will continue for many many months and i expect eth to have a seriously big bull season this time around.

BitHodler

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Quote from: bvg96634 on October 27, 2019, 12:45:43 PM

I think that income of 4.6-10.3% per annum is very good.

Can you link me to an official source stating that? It's ridiculously high IMHO, because that means there is more inflation through POS than through POW, which can never be a good thing for a project.

Quote from: bvg96634 on October 27, 2019, 12:45:43 PM

I would really like to see Ethereum when it solves its scalability problems. I think this will happen soon and the king of altcoins will become an even better coin.

It's not going to be easy at all because there is no room left to do it on-chain. It's going to happen in a way where not every bit of data is being written to the actual blockchain, so a second layer.

Ethereum is already further in terms of development and market than any other altcoin.... there is nothing that comes close to what Ethereum has to offer, which is why a lot of developers choose for Ethereum and not EOS for example.

Bttzed03

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Source please. I'm trying to search but I only see old articles about eth 2.0

Quote from: Tipstar on October 26, 2019, 10:23:26 AM

~
but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future.

We'll know the real score about scalability once it opens to the public.

Edit:

Quote from: Javi_Anibarro on October 27, 2019, 12:56:33 PM

For information regarding timeline you can read this: https://docs.ethhub.io/ethereum-roadmap/istanbul/#timeline

Thanks for this~

Javi_Anibarro

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Quote from: poornamelessme on October 26, 2019, 01:08:04 PM

Has the timetable for 2.0 been released? I believe it's going to be released in stages, starting this January. But when will POS kick in exactly?

4-10% isn't bad, although with crypto I tend to think rewards doesn't matter as much as we think. At least not in a bear-ish market -- crypto is so volatile it's hard to look at rewards in the same way as one would with bonds or regular bank interest.

For information regarding timeline you can read this: https://docs.ethhub.io/ethereum-roadmap/istanbul/#timeline
it will be updated when the team has decided the date of the launch, not only timeline in there you can find everything about the upcoming upgrade.
from the system, hardware requirement, technology and many more.

bvg96634

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I think that income of 4.6-10.3% per annum is very good. I would really like to see Ethereum when it solves its scalability problems. I think this will happen soon and the king of altcoins will become an even better coin.

poornamelessme

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Quote from: Tipstar on October 26, 2019, 10:23:26 AM

There are details coming out from the Ethereum 2.0

To need to be a POS validator, one should hold at least 32 Ether.
The validator's income would be between 4.6 to 10.3% per annum.

The reward seems to be Okayish due to nature of Ethereum but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future.

Has the timetable for 2.0 been released? I believe it's going to be released in stages, starting this January. But when will POS kick in exactly?

4-10% isn't bad, although with crypto I tend to think rewards doesn't matter as much as we think. At least not in a bear-ish market -- crypto is so volatile it's hard to look at rewards in the same way as one would with bonds or regular bank interest.

Sirait

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come on, I do not judge you, but how come a Sr Member create a Thread about Ethereum in a thread discussing Bitcoin

Quote from: Nadziratel on October 26, 2019, 10:32:43 AM

Note: BTW, this is Bitcoin discussion section. You should move your topic to "altcoin discussion" section.

absolutely right, this thread must be moved to the Alternate Cryptocurrencies Section

Nadziratel

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Quote from: Tipstar on October 26, 2019, 10:23:26 AM

There are details coming out from the Ethereum 2.0

To need to be a POS validator, one should hold at least 32 Ether.
The validator's income would be between 4.6 to 10.3% per annum.

The reward seems to be Okayish due to nature of Ethereum but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future.

So every node needs $5900 invest first. (ETH = about $180)
But the average 6-7% return is a very good rate for the Ethereum. Considering that the price of Ethereum will rise in the future, it can be a profitable mining. Already the vast majority of nodes will do this mining with more than 32 ETH.

Note: BTW, this is Bitcoin discussion section. You should move your topic to "altcoin discussion" section.

Tipstar

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There are details coming out from the Ethereum 2.0

To need to be a POS validator, one should hold at least 32 Ether.
The validator's income would be between 4.6 to 10.3% per annum.

The reward seems to be Okayish due to nature of Ethereum but the large issue is still the scalability of the coin and we hope the new update would easily solve that problem for today and the future.

Topic: Ethereum 2.0 is shaping up (Read 292 times)