Staking requires putting aside 32 ETH for something around 2 years. That's a tad prohibitive at current prices.
You may earn up to 7.8% APR (currently) on your stake.
Ethereum staking – More sustainable crypto
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Re: Ethereum staking – More sustainable crypto
#12Etherscan.io shows all the transactions being POW. When will we start seeing POS transactions?
Here you can see the POS blockchain https://beaconcha.in/
Re: Ethereum staking – More sustainable crypto
#13Can someone who knows more about Eth tell me if this staking is a 100% guaranteed to happen? Is there a chance that miners rebel or a fork is made?
There is a high likelihood of a fork, but forks aren't necessarily harmful to Eth. The "rebelling" miners can't actually do anything to the proof of stake system.
The real people who decide what fork wins are the exchanges and users, and those people have no real reason to stick with PoW.
Re: Ethereum staking – More sustainable crypto
#14Can someone who knows more about Eth tell me if this staking is a 100% guaranteed to happen? Is there a chance that miners rebel or a fork is made?
Miners will rebel and continue mining, some will mine on an ETH fork and others switch to other coins. GPUs will not be returned to gamers anytime soon.
Theoretically the ETH PoW fork will drop in value relative to the original ETH. That would decrease the mining reward and result in less mining (and more GPUs returned to gamers).
Re: Ethereum staking – More sustainable crypto
#15Staking requires putting aside 32 ETH for something around 2 years. That's a tad prohibitive at current prices.
You can stake with Avalanche (AVAX) today for a smaller price which will be decreased in near future. ETH like all other classical nakamoto algorithms have a limit on number of participants in consensus. Avalanche has no such limit on decentralization without sacrificing security or throughput.
Re: Ethereum staking – More sustainable crypto
#16Staking requires putting aside 32 ETH for something around 2 years. That's a tad prohibitive at current prices.
pooling
Re: Ethereum staking – More sustainable crypto
#17Staking requires putting aside 32 ETH for something around 2 years. That's a tad prohibitive at current prices.
Staking can be pooled just like regular POW mining pools. However unlike POW mining pools you have to give the majority of your funds to a trusted party whereas with POW mining the maximum you can loose is the unpaid balance between payouts which is usually some days worth of mining.
there will be decentralized & trustless staking pools such as RocketPool, where even if a loss of funds occurs the loss is subsidized through the entire protocol.
Re: Ethereum staking – More sustainable crypto
#18I am a solo staker and its been a blast learning about PoS and participating in the community. Right now you can earn ~7.8% rewards if you lock up your eth on your own validator. Once EIP1559 goes live (July) and the full transition to PoS merge around the end of the year there are some folks on the ETH research team who see rewards conservatievly going to ~25% [1]
[1] https://twitter.com/drakefjustin/status/1384124998084792324?...
Re: Ethereum staking – More sustainable crypto
#19Staking requires putting aside 32 ETH for something around 2 years. That's a tad prohibitive at current prices.
You can borrow against it.
Re: Ethereum staking – More sustainable crypto
#20> More sustainable > Validators don’t need energy-intensive computers in order to participate in a proof-of-stake system – just a laptop or smart phone. This will make Ethereum better for the environment. To me, this is the biggest win of proof-of-stake over proof-of-work.
Agreed. However it still is dominated by the "haves" vs the "have nots". Proof of stake is awarded to those with the largest stakes, which favors state-sponsored miners and works against decentralization. I like how Monero's RandomX is designed to level the playing field: ASIC miners don't significantly improve over CPU mining so more people can participate in mining. Of course, this doesn't address pools, but it is…
> Proof of stake is awarded to those with the largest stakes, which favors state-sponsored miners and works against decentralization.
Hopefully it won't be too bad. Here you can see the current involvement from different parties in the beacon chain https://beaconcha.in/charts
Currently "others" is ~52%, Kraken is 2nd with ~17%
I'm trying to understand a similar graph for Cardano (another PoS chain), but not sure I can tell anything from it about the distribution. https://cardano.bytemaniac.net/istoria/