Stalking ETH 2.0 | Bitcointalksearch.org

elisabetheva

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Quote from: darmin on November 06, 2021, 05:08:13 AM

Better staking cake coin, I think more profitable than Eth 2.0. If you want to participate in Eth 2.0, it is better to wait for the Ethereum coin to experience a correction first, currently the price of Eth is still fairly high. It's not yet time to put your funds on Eth this time. I am confident that the eth 2.0 project will bring a very big update later. Analyze to find out when is the right time to store this coin.

the thing to think about first, is to analyze it properly before taking any action that might be misleading because it seems rushed. obviously with coins now very high it's better to wait for next year when indeed all coins will be corrected recently. everyone clearly hopes that there will be significant changes with the advent of eth2.0, but can it be immediately effective? untested and we are waiting for it.

Quote from: sgenuine on November 07, 2021, 01:40:35 AM

I do yield farming in Cake-BNB pair and it really gives big APYs (around 50%) so I also consider cakes to be more profitable. What is more, transaction fees are very low on Binance Smart Chain compared to Ethereum.
Staking Ethereum means that until it launches your money will be locked so you will not be able to invest is something more profitable as chance offers.

agree that it must be admitted that the current transaction fees on binance are definitely cheaper and the best to date, but will it continue like this? it definitely won't, because if the BNB coin goes up high it will cause all costs to follow and that also happens on ethereum.

maybe there are many different perceptions if we start following a certain program, some feel good but some feel it is not good, it seems that it is still normal.
but actually for me staking is like a deposit in a bank and has been determined by strict rules and certainly cannot be taken before the end of the period, if you have sufficient funds there is no problem, but if the capital is just that and you want to do other things , clearly ineffective.

coco23

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Quote from: davidcarpediem on March 13, 2021, 07:01:52 AM

what do you think of binance stalking ETH 2.0 ?
worth it ?
if you could give me your pro and con

Well, it's not so complicated imho.
Pro: Easy interface on the Binance platform, you don't need to worry about technialities. ALso Binance is a big player and not some shady small platform without experience and/or built up trust
Con: You need to trust Binance as a platform. They are in a fight to become a "proper" trading exchange and had some legal issues in the past. Nothing is guaranteed, so never invest more than you can lose.

sgenuine

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Quote from: darmin on November 06, 2021, 05:08:13 AM

Better staking cake coin, I think more profitable than Eth 2.0. If you want to participate in Eth 2.0, it is better to wait for the Ethereum coin to experience a correction first, currently the price of Eth is still fairly high. It's not yet time to put your funds on Eth this time. I am confident that the eth 2.0 project will bring a very big update later. Analyze to find out when is the right time to store this coin.

I do yield farming in Cake-BNB pair and it really gives big APYs (around 50%) so I also consider cakes to be more profitable. What is more, transaction fees are very low on Binance Smart Chain compared to Ethereum.
Staking Ethereum means that until it launches your money will be locked so you will not be able to invest is something more profitable as chance offers.

eaLiTy

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Quote from: davidcarpediem on March 13, 2021, 07:01:52 AM

what do you think of binance stalking ETH 2.0 ?
worth it ?
if you could give me your pro and con

If have 32 ETH then you can be a solo validator rathe r depending on anyone else, if you are not holding that much and only a portion then you need to find out someone who is willing to stake them for you and if you think you can trust Binance you can stake your coins.

The con is that if they have a major hack and they plan to shut down their business, you might not get your coins back.

Quote from: DaMut on March 13, 2021, 09:28:08 AM

Of course it is worth it because Binance has some similarities with Ethereum.
ETH 2.0 means to be upgrade for Ethereum, it will bring a lot of improvements to the network. If they are successfully running it that means the upgrade does bring something good for the project, then why not follow it and do the same thing too since it is also good for their own.
what is the con for doing something like this? not being the original? I do not know.

OP is not asking about Binance chain and Ethereum, he is asking about staking in their exchange Tongue

. Regarding the improvements, i doubt we will see any major improvements and the migration is risky as well Tongue

.

beerlover

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Pros are so much that I will start with cons. The worst fear I have is that we are already having so much trouble with gas fee during something like proof of work and most of the time proof of stake has limited transaction numbers it can secure easily because there isn't many people that does it, hence it becomes harder.

If we have ton of people with 32+ eth then it would be fine but we have so many transactions that, the amount of people who will do the 32+ eth thing may not be that great. So, I believe that there isn't really a deal where gas fee will drop significantly, and it may even increase a lot.

Aside from that, the pros are countless and everything about it is great, the fact that miners will be gone and main seller group will not be around anymore and there will be more reason to buy and own it and not sell it all could make it worth a lot more.

Ten98

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Quote from: Wahyuihib on November 06, 2021, 10:39:06 AM

Yes that's right..knowing the strategy about staking is very important. because currently staking eth is very profitable. but on the other hand the cost to claim eth itself is very large. so it's true that cake coins are more profitable this time

Cake coins do look often profitable when used in terms of Staking and always have a lower cost when making a claim, so Cake besides being a very good coin is also a very suitable coin for staking programs.

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Quote from: darmin on November 06, 2021, 05:08:13 AM

Quote from: davidcarpediem on March 13, 2021, 07:01:52 AM

what do you think of binance stalking ETH 2.0 ?
worth it ?
if you could give me your pro and con

Better staking cake coin, I think more profitable than Eth 2.0. If you want to participate in Eth 2.0, it is better to wait for the Ethereum coin to experience a correction first, currently the price of Eth is still fairly high. It's not yet time to put your funds on Eth this time. I am confident that the eth 2.0 project will bring a very big update later. Analyze to find out when is the right time to store this coin.

Yes that's right..knowing the strategy about staking is very important. because currently staking eth is very profitable. but on the other hand the cost to claim eth itself is very large. so it's true that cake coins are more profitable this time

darmin

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Quote from: davidcarpediem on March 13, 2021, 07:01:52 AM

what do you think of binance stalking ETH 2.0 ?
worth it ?
if you could give me your pro and con

Better staking cake coin, I think more profitable than Eth 2.0. If you want to participate in Eth 2.0, it is better to wait for the Ethereum coin to experience a correction first, currently the price of Eth is still fairly high. It's not yet time to put your funds on Eth this time. I am confident that the eth 2.0 project will bring a very big update later. Analyze to find out when is the right time to store this coin.

Johnyz

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Since ETH is a large market I'm sure not everyone can stake, and maybe very few hodlers will be able to do so and if you're lucky enough making profit is too easy for you. Anyway, my concern with ETH right now is not staking, but on their gas fees, BSC are more cheap compare to ETH and if they didn't work with this one, then staking might be useless in the future.

cabron

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When staking that means you could take part in the consensus voting, do you think that if Binance will have more users staking on them and that it will lead to forking just like what they did to Steem? 51% attack could be possible.

One con I believe and I'm just saying this because I haven't tried staking in binance but they allow 30-60-90 days for some tokens which you can't unstake anytime.

el kaka22

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I think binance will definitely allow people to stake ethereum with their money there, after all if I am putting all my ETH in there, and binance stakes it for themselves, then I would simply remove it and stake it either myself or put it in a pool and stake there, which means that if binance does this, they will lose a lot of customers and money and the amount of eth on their website will grow constantly smaller and smaller for a long time until it is very tiny, even for binance. That is why they will definitely make sure that people could stake ETH on their website, maybe not on day 1 but they will eventually get there and create a staking pool for sure.

They are already doing that with BNB right now, it is not a proof of stake coin but even with that people are still staking it as in defi style and that is not a bad idea to add more coins there for binance neither.

blockman

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Change the title into "Staking" not stalking because they are two different words and others might find it feel odd if there's really a feature like "stalking".

Quote from: goaldigger on March 16, 2021, 05:39:00 PM

Staking allows you to earn money while you are holding the specific project so that’s a great passive income from doing nothing at all. The ETH 2.0 updates works on many things and not just on staking, so I believe this is worth it because we’re talking about the top altcoin here and ETH always do its best to remain on top and to remain a valuable coin.

It is only worth it if ETH already allows you to stake through your own wallets and don't have to send it to exchanges.

tygeade

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When OP said binance staking ETH, I didn't really get us putting our ETH into binance so that it will be staked, thats called stakepool and many people get together and stake ETH, even if they have less than 32 minimum required, that helps a lot. However one thing I am not really sure about is, what happens to ETH that is not staked in binance? Anyone considered that?

I am sure that it could be tracked so they need to be very careful and not do anything risky, but I think it would be very profitable for them to stake that as well, think about it, they probably have at least a billion dollars from that, it would mean they could make more than 50 million dollars per year just from staking one billion dollars worth of ETH, they probably have even more as well. They may not need extra money because they are already rich but who could say not to 50+ million dollars per year?

janggernaut

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Quote from: davidcarpediem on March 13, 2021, 06:17:43 PM

THANKS have done with 16 ETH... not a lot but will see , but better than nothing . enjoy guys carpediem

Wait, why did you able to stake with 16 ETH only? From what i have known and heard before, mininum ETH we needed to become a validator to join in ETH 2.0 staking is 32 ETH, as described on here

Quote

Staking is the act of depositing 32 ETH to activate validator software. As a validator you’ll be responsible for storing data, processing transactions, and adding new blocks to the blockchain. This will keep Ethereum secure for everyone and earn you new ETH in the process. This process, known as proof-of-stake, is being introduced by the Beacon Chain. More on the Beacon Chain

https://ethereum.org/en/eth2/staking/#stake

RACToriginal

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Proof-of-stake is much better than proof-of-work . It's ambient friendly and accesible to everyone . There's a lot of controversy about the bitcoin minning , people who don't like bitcoin invokes bitcoin minning as an enemy to the planet because of it's high energy consumtion and it's getting worst because the efficiency of minning is decreasing , because the dificulty is always rising.

goaldigger

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Staking allows you to earn money while you are holding the specific project so that’s a great passive income from doing nothing at all. The ETH 2.0 updates works on many things and not just on staking, so I believe this is worth it because we’re talking about the top altcoin here and ETH always do its best to remain on top and to remain a valuable coin.

Flowzer

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Quote from: davidcarpediem on March 13, 2021, 06:17:43 PM

Quote from: Flowzer on March 13, 2021, 02:50:00 PM

Do you mean Staking?
Staking in ETH is have difference than Staking in some project, the staking not only benefit the stakers but also the network since the staking process is securing and powerize the network.
So, theoritically with so many ETH locked by Staking process will lowering the supply of the coin in the market, securing the network, and probably make the price rising stablely.

Quote from: DaMut on March 13, 2021, 09:28:08 AM

Of course it is worth it because Binance has some similarities with Ethereum.
ETH 2.0 means to be upgrade for Ethereum, it will bring a lot of improvements to the network. If they are successfully running it that means the upgrade does bring something good for the project, then why not follow it and do the same thing too since it is also good for their own.
what is the con for doing something like this? not being the original? I do not know.

THANKS have done with 16 ETH... not a lot but will see , but better than nothing . enjoy guys carpediem

Where u do that, as far as i know the staking program didnt start yet and the early adopter of staking program only lock the coin for nothing until its started.

Dollar_Hunter

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Quote from: davidcarpediem on March 13, 2021, 07:01:52 AM

what do you think of binance stalking ETH 2.0 ?
worth it ?
if you could give me your pro and con

I think ETH 2.0 staking is a very recommendation to be able to get passive income, moreover ETH is not a bad coin,
indeed now mining ETH can't be done anymore, because they switched to a better algorithm for investors, yup POS is the best now,
it's not complicated and it is very easy to use for a beginner, just staking and you get money every day, simple,
I support ETH 2.0 and I hope this will make ETH prices even more bullish.

batang_bitcoin

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Quote from: davidcarpediem on March 13, 2021, 07:01:52 AM

what do you think of binance stalking ETH 2.0 ?
worth it ?
if you could give me your pro and con

Not worth it. Wait until you get to stake through your wallet which you hold your private keys. You cannot withdraw it once you're into it.
Read the rules of Binance: https://www.binance.com/en/support/announcement/a640a714e067433abae871f6b621836f

Wahyuihib

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staking is a program that every user loves. because only by risking the number of coins we have. then we will get results without having to do anything

davidcarpediem

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Quote from: Flowzer on March 13, 2021, 02:50:00 PM

Do you mean Staking?
Staking in ETH is have difference than Staking in some project, the staking not only benefit the stakers but also the network since the staking process is securing and powerize the network.
So, theoritically with so many ETH locked by Staking process will lowering the supply of the coin in the market, securing the network, and probably make the price rising stablely.

Quote from: DaMut on March 13, 2021, 09:28:08 AM

Of course it is worth it because Binance has some similarities with Ethereum.
ETH 2.0 means to be upgrade for Ethereum, it will bring a lot of improvements to the network. If they are successfully running it that means the upgrade does bring something good for the project, then why not follow it and do the same thing too since it is also good for their own.
what is the con for doing something like this? not being the original? I do not know.

THANKS have done with 16 ETH... not a lot but will see , but better than nothing . enjoy guys carpediem

Flowzer

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Do you mean Staking?
Staking in ETH is have difference than Staking in some project, the staking not only benefit the stakers but also the network since the staking process is securing and powerize the network.
So, theoritically with so many ETH locked by Staking process will lowering the supply of the coin in the market, securing the network, and probably make the price rising stablely.

JeffBrad12

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Quote from: davidcarpediem on March 13, 2021, 07:01:52 AM

what do you think of binance stalking ETH 2.0 ?
worth it ?
if you could give me your pro and con

The only thing that makes me con with it consider it was offering very small APY. You can earn very small amount through staking ethereum. This makes me feel as if I can do that even better when I was sticking into another POS coin.
that's the only cons that I faced on ethereum staking and that will make it's not worth wasting a lot of our time for small APY.

DaMut

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Of course it is worth it because Binance has some similarities with Ethereum.
ETH 2.0 means to be upgrade for Ethereum, it will bring a lot of improvements to the network. If they are successfully running it that means the upgrade does bring something good for the project, then why not follow it and do the same thing too since it is also good for their own.
what is the con for doing something like this? not being the original? I do not know.

davidcarpediem

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what do you think of binance stalking ETH 2.0 ?
worth it ?
if you could give me your pro and con

Topic: Stalking ETH 2.0 (Read 211 times)