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Ethereum staking – More sustainable crypto

ethereum.org

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Re: Ethereum staking – More sustainable crypto

#2

Post by asaph »

> 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.

Re: Ethereum staking – More sustainable crypto

#6

Post by paulgb »

asaph wrote: post #2

> 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.

I wonder if we’ll actually see flight from PoW cryptocurrencies to PoS at rates sufficient to reduce the current environmental impact. Anecdotally, a lot of the people I know who were early in Bitcoin are talking more about PoS coins as the natural progression and PoW as doomed tech. But until I actually see the transition happen, I remain (optimistically) skeptical.

Re: Ethereum staking – More sustainable crypto

#7

Post by SavantIdiot »

asaph wrote: post #2

> 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 a start.

Yay proof of stake!

Re: Ethereum staking – More sustainable crypto

#8

Post by sprash »

rhn_mk1 wrote: post #4

Staking 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.

Re: Ethereum staking – More sustainable crypto

#9

Post by antocv »

rhema wrote: post #5

Can 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.
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