I guess it will not be just like other POS coins that you need to run your wallet 24/7 to hit a stake block,.
I think this will work like a DPos or delegated proof of stake and we need to delegate the minimum amount of ETH in order to receive staking rewards.
Topic: What is staking ETH going to be like? (Read 185 times)
Well, you should have done some research too but its no offence to ask. The POS/PoW consensus model us to gradually increase the difficulty of mining for miners (Difficulty Bomb) so they ‘get frustrated’ or make mining unprofitable so they can ditch mining and ‘get a life’. If this happens then it will be easy to go fully into PoS.
Thank you. Yea i did some research on my own but there aren't much detailed information out there, so was hoping to find some answers here. Guess we just have to wait until everything is fully decided.
POS for ETH is just like every POS coins out there ,you will need to hold some ETH coins in your wallet to start receiving bonus on your holdings just like the rest of POS coins out there ,I think this will have impact on ethereum price though ,I just can't figure out if it will be a negative impact or a positive one
Yes this Is what I know of the current staking of Ethereum right now, just like other POS coins out there. You hold some eth (minimum requirements) on your wallet and your computer should be 24/7 open or you could use VPS to lessen the cost.
I think if ETH will pass to full PoS then i think the maybe the price will drop, i wish that Ethereum to not pass to full PoS and also to exist PoW and on this way someone can choose how to get ETH, by mining or by staking.
Trying to get into ETH over here. If I understand correctly, Ethereum is currently half PoW and half PoS.
1. How does this half & half thing work?
2. What are the current steps and rules of staking ETH? (e.g. minimum staking amount, delegation, unstaking etc.)
3. Will (2) change when it completely switches over to PoS?
Thanks in advance.
1. How does this half & half thing work?
2. What are the current steps and rules of staking ETH? (e.g. minimum staking amount, delegation, unstaking etc.)
3. Will (2) change when it completely switches over to PoS?
Thanks in advance.
"The Hybrid Casper FFG will reportedly combine Proof-of-Work with Proof-of-Stake (PoS) consensus, with the goal of eventually transitioning to PoS. According to the EIP, one of the specifications of the update reduces the block reward for miners to 0.6 ETH from the current 3 ETH (Decrease of block rewards by 80% over a year).
~5% yearly interest for anyone who wanna freeze $1mln (1500eth) in Casper.
4% finders fee for anyone who discovers bad actors (slashing).
The minimum staking requirement is set at 32 ethers."
https://captainaltcoin.com/what-should-you-do-to-be-ready-for-ethereum-eth-staking/
You could have found this by doing a search
Well, you should have done some research too but its no offence to ask. The POS/PoW consensus model us to gradually increase the difficulty of mining for miners (Difficulty Bomb) so they ‘get frustrated’ or make mining unprofitable so they can ditch mining and ‘get a life’. If this happens then it will be easy to go fully into PoS.
I think POS protocol has not been implemented yet they are just developing it now and setting the parameters and therr is a lot of debate about how much investors and holders will be able to earn by holding eth, i think if the percentage reward will be good then big investors will be attracted and we will see big surge in eth price.
POS for ETH is just like every POS coins out there ,you will need to hold some ETH coins in your wallet to start receiving bonus on your holdings just like the rest of POS coins out there ,I think this will have impact on ethereum price though ,I just can't figure out if it will be a negative impact or a positive one
I heard somewhere that for mining on the ether's POS algorithm, you need only 32 ethers. On today's course, it is more than cheap. It is done so in order to have more participants (miners), for greater decentralization, and, consequently, more security. So buy and hold ethereum coins ladies & gentleman, until the price soared to the skies.
Trying to get into ETH over here. If I understand correctly, Ethereum is currently half PoW and half PoS.
1. How does this half & half thing work?
2. What are the current steps and rules of staking ETH? (e.g. minimum staking amount, delegation, unstaking etc.)
3. Will (2) change when it completely switches over to PoS?
Thanks in advance.
I believe this is why we have the internet so that you can search out information, just go to google and type in all this question you have and I am definitely sure you will get the answer you desire, I am not saying this because I don't want to answer all this questions but because the answer to them is so much and you might not understand what I am trying to say unless you watch some youtube video about how it works which am advising you to do instead of just reading written articles about it, come thank me later. 1. How does this half & half thing work?
2. What are the current steps and rules of staking ETH? (e.g. minimum staking amount, delegation, unstaking etc.)
3. Will (2) change when it completely switches over to PoS?
Thanks in advance.
Trying to get into ETH over here. If I understand correctly, Ethereum is currently half PoW and half PoS.
1. How does this half & half thing work?
2. What are the current steps and rules of staking ETH? (e.g. minimum staking amount, delegation, unstaking etc.)
3. Will (2) change when it completely switches over to PoS?
Thanks in advance.
1. How does this half & half thing work?
2. What are the current steps and rules of staking ETH? (e.g. minimum staking amount, delegation, unstaking etc.)
3. Will (2) change when it completely switches over to PoS?
Thanks in advance.
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