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Ethereum staking – More sustainable crypto

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Re: Ethereum staking – More sustainable crypto

#32

Post by gher-shyu3i »

TacoToni wrote: post #18

I 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/13841249…

How do the rewards APR change with the more validators there are?

Re: Ethereum staking – More sustainable crypto

#33

Post by SwagtimusPrime »

kaliali wrote: post #30

Ethereum staking Still will have high gas fees.

it's not like solutions are heavily being worked on: https://ethereum-magicians.org/t/a-rollup-centric-ethereum-r..., https://vitalik.ca/general/2021/04/07/sharding.html, https://ethresear.ch/t/complete-revamp-of-the-stateless-ethe...

Re: Ethereum staking – More sustainable crypto

#34

Post by lalaland1125 »

antocv wrote: post #29
lalaland1125 wrote: post #14

Earlier quoted context omitted.

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).

You cant kill a PoW chain, see Dogecoin. Sad but it is what it is.

The goal isn't to "kill" the coin entirely, the goal is to reduce the amount of mining by 99% or more. And that's an easily achieveable goal. See Ethereum Classic which only uses 1% of the resources of Ethereum because of how low its price is.

Re: Ethereum staking – More sustainable crypto

#36

Post by billytetrud »

SwagtimusPrime wrote: post #25
SavantIdiot wrote: post #7

Earlier quoted context omitted.

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…

>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. where is the difference to mining? To mine you need GPUs and electricity which you can equate to $$$, just like capital you lock up under PoS. it effectively makes no difference. and everyone earns the same percentages, wh…

The difference is in the real resources used. If energy and hardware are used, that's a real cost incurred on society. If only currency is locked up, that only puts a cost on the stakers. As far as the rest of society is concerned, the supply went down, so the value went up, and there's no difference.

Re: Ethereum staking – More sustainable crypto

#38

Post by ryebit »

melolife wrote: post #27
SavantIdiot wrote: post #7

Earlier quoted context omitted.

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…

I would argue that under both proof of stake and mining your income is always directly proportional to the amount invested, either in equipment or stake. The main difference is the minimum barrier to entry, however under PoS you have access to various pooling services, which simulate consumer scale mining (complete with the associated inefficiency).

Except under mining, increased investment opens up access to better equipment like ASICs, access to cheaper energy agreements, etc. But no amount of $ unlocks the ability to validate faster (per unit staked).
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