Bitcoin Forum

Does anyone knows about upcoming ethereum staking concept?

"Due to these events, it was decided that Ethereum will switch to a PoS blockchain in January 2020. Let’s see how this will work and why ETH might become one of the best staking coins in the market."


What do you think this will affect the Ethereum price on 2020. I am curious about the staking pool mention in this article (https://paybis.com/blog/best-staking-coins/)

Its a good good news about ethereum holders.

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Links :
https://paybis.com/blog/best-staking-coins

Vitalik decided to switch to POS due to their competitors scalability. But I think the reason it was taking too long is because its very hard to make this transition and ethereum had very large data in it. So transition from POW to POS is really hard though they are working hard,lets see if they can do it.

Though sharding would significantly increase scalability of Ethereum, it could also pose problems we have never encountered. Ethereum needed this risk if it were to compete with newer utility tokens. But this should come only after a vigorous stage of testing and operation. It would have been better if they would have opted for a completely new blockchain and swapping the coins.

I have read a thread with also discusses the transition of ETH but what I have read as that ETH will not really be going int full POS but this is going to be hybrid POW and POS combined. So the main reason is for the scalability which I think its really important to address since the time where the kittens were active the network is clogged and gas price goes high.  Its almost bullrun and halving is also few month later so its very timely and ETH will sure stay on the 2nd cap rank still.

ETA for ethereum POS is not yet determined and by the way, the price of ethereum will increase a lot as per more ethereum will be locked in the network. As far as i know, if you are wanna participating in the staking and there will be a locked period for those are staking their coin will unable to take their coins for more than 120 days. That means more coins will be locked and there will be a huge chance for ethereum to drive its price to the moon in the future. Ethereum staking concept already scheduled to be launched next year but there is no ETA when it will be happening for sure.

Even if it needs 32 eth become validator, the exciting part is the staking pool where small investor and hodler can participate. I'm really want to be part of this.

I think there's will be another concept. There's a pilot project that some community will offer Proof-of-Authority concept.
I know there are projects that use the concept of Proof of access (POA) ... and now, this pilot project will introduced another POA (proof of authority).

I just noticed about this Proof-of-Authority concept this morning.

Source : https://www.fortunecryptonews.com/2019/11/ethereum-express-reveals-two-pilot-projects-48000-users-participating/ (https://www.fortunecryptonews.com/2019/11/ethereum-express-reveals-two-pilot-projects-48000-users-participating/)

Ethereum is not just the number 2 cryptocurrency in the Coinmarketcap rating, but also the number 2 cryptocurrency in popularity and recognition among the crypto community. I believe in the future of Ethereum and I like what the Vitalik Buterin does!

even its still in the top in CMC the market cap from before has a big difference.
If ETH only atract investors using the staking that will be added next year , there will be no difference in price there should be something that they will add  to get back the trust of investors to invest again in ETH.

Running a proof of stake protocol will surely be a good idea and will go a long way to increase the price of Ethereum next year when it gets launched. I believe this is one of the best moments and cheapest way to get your hands on some ETH waiting for this imminent pump. This is because validators on the network would have to accumulate a whooping amount of 32ETH and this will definitely bring about an increase in ETH's value.

That is very good in my opinion because the stake system will increase ethereum prices because people will save ethereum to participate in this stake program so that more people will buy ethereum to participate in the stake eth program

Op, you might want to cite the source you're quoting for one thing, as not everyone might have read the same thing you did.

January 2020?  Cool, I was wondering when Eth would go full proof of stake and I'm glad its that soon.  The fact that the change is being made isn't earth shattering in case you haven't been following it, by the way.  You'll need 32 Eth in order to earn anything, which might be too much for a lot of investors or at least the little ones.  I'm still trying to save that amount myself.

I would love to quote some of the posts in this thread and respond to them specifically, but they're idiotic nonsense unfortunately.  Good thread, op.

About value or price i will say that as the pos model will bring passive profits to the hodlers which will be propirtional to the amount of eth held that will result in massive demand because everyone will want to make long term passive profits so everyone will want to buy more and more eth resulting in massive pumps in eth value.

If developers can achieve this, we will surely see more robust ETH and price. Already those who interested in staking recently began to increase, everyone wants to make money from the easy way like this. Being best in this regard will affect the demand, and that means a solid future. Lets not touch the wallet and wait for the brighter next year for it.

For me the price of staking is just too high. It should be lower so average users get into ETH and start staking. If not only whales will take that advantage.

It won't be easy but not impossible, the only thing that makes me sad about the POS upgrade is the minimum threshold which is 32ETH, way too much for someone like me

Theres pool for minimum investor which you can join.

I think Ethereum will become more transparent cryptocurrency after this step and obviously it will also increase the price of ETH. Such developments in cryptocurencies are needed to make them more acceptable among people..

Done, I almost forgot. Thanks btw

I hope Ethereum not take staking concept, they should create something else that can built our trust in crypto specially ethereum. As the second coin after bitcoin, they have really good reputation. Good news always become reality and can find the real source, not like others. Staking program fit to collect fund and this become their goal, ethereum should make more loyalty event with medium reward.

I couldn't find the source right now, but in one article I read, Vitalik said that the annual emission of ETH would be limited to 100K.
So there will be 100K ETH released in every year after POS integration. If we think it is unlimited now, this is a good news for me.

PoS does not make the project more transparent, this development will bring a new idea to other cryptocurrencies about the capability of PoS.
Just like before when ICO was invented by Ethereum.
At the early stage, the transition will bring demand and impact on the price because people are accumulating coins for staking.

I am very supportive and looking forward to Ethereum 2.0. but it is regrettable 32 ETH ($147 x 32 = $4704 *at the time this post was made) is a pretty big number in the daily economy of life, and it is very possible that if it has been released the price will increase. maybe later on I will predict and save to contribute to the (PoS ETH) to become a validator. This is good news for Ethereum holders, in addition to income from trading, after being released can get from the results of the validator.

I completely agree with this statement. ETH foundation is working hard to convery this. We just have to wait and see. How many people can stake ETH even if it is changed? It needs minimum of 32 ETH as per the information provided by Ethereum foundation.

Yeah of course we all know, it's been the talk of the entire 2019, if not even from 2018 with the newssites running news almost every week at some stage. For me, I have a small amount of ETH I will probably stake it if it ever comes to that but I think POS coins are going to be extremely slow growth because of the way they tend to attract whales for collecting and staking. I think it's good news for sure, but price effects could be adverse.

I hope this new concept can further increase the number of enthusiasts in the etherum. because with this concept of staking will make people more confident to invest because we can stake for each etherum value that we buy, and we get a few percent of it. in my opinion this is quite interesting.

I think that price of ether will decrease just because of 2 main reasons

1. People will tend to move to bitcoin considering the upcoming bitcoin halving
2. As Ethereum will move to PoS, it might result in bugs in the beginning hence making the network unstable leading to an increase ether's fees and decrease in ether's price

all I know is that you will need 32 ETH in order to receive the reward for staking. but also if you think logically, then most likely you will receive a very small reward if you have only 32 ETH. I am sure that many large players have already bought a very large amount of ethereum and all rewards will be distributed between them.

I am sure if in 2020 the price of Ethereum will rise again. especially now that the movement has begun to increase. Hopefully what we want can be realized.

i didn't know that there was a precise date for switching to pos (i can't wait no more), i believe that the whole team and even Vitalik himself is working hard at this swap i think they need to rewrite a good part of the blockchain

If you look at the chain, there are evidence that people are are preparing for the coming shift from POW to POS. The way I see this is that the price is going to pumped initially as many of these POS tokens do then start dumping, we have seeing EOS and NEO exhibit this pattern and I believe this is what we are likely going to see

If I may ask, what is the reward to 32ETH staking in a year? why will someone stake 32 eth for whole year and get rewarded for just 3-5 eth assuming am correct! also if trade with the 32 eth the whole year, one might likely to double the value.

I think ethereum will not switch fully Proof of stake (PoS) they just add PoS to increase their supporters and investors.

Indeed it's always affected the entire system, along with the demand that's really need to have in order to obtain a profitable value on our asset. Staking eth is a good strategy, but for now we should consider some serious reasons why we still experienced market downfalls.

Ethereum is a very slumped price does not want to move anywhere. From transferring their project to PoS hopefully can make the market price get a bit up as it should.
Ethereum is still a good altcoin replacement BTC But the price is often dropped makes us lazy will help their project by buying or hold it up to several months.

Blockchain is indeed reliable from the first. See the progress and to the condition of Ethereum is very good indeed for Ethereum to be switched to the blockchain.
For the price problem do not be asked anymore, with this transition Ethereum will experience a crash at the beginning of the year 2020.
Even at this Christmas I believe the Ethereum development chart will show a happy smile.

Really? That does seem to be a rather large amount even at today's prices. If ETH really wants to decentralize more and more than 32 ETH right now is almost $5000,,, which is way out of the league for most of the world. I could not own that much, for example, and I earn better than many of my friends.

Where did you get this number from?

Dear Honorable mr. Sr. Member.
if you did duckling (duckling is browsing using duckduckgo search engine.. i don't like google), you will find many websites that answering your question.
https://i.imgur.com/cTZMdPU.png

But, i make it easy for you.
So, minimum requirements to stake are :
Source : https://docs.ethhub.io/ethereum-roadmap/ethereum-2.0/proof-of-stake/ (https://docs.ethhub.io/ethereum-roadmap/ethereum-2.0/proof-of-stake/)

Turning into PoS which requires staking 32 ETH which is fairly expensive for some of the people although it won't go anywhere and instead of growing is a good deal I must say. Less carbon footprint and doesn't need to invest in GPU which to be honest if we're trying to reach profit will definitely need a few high-end GPUs so there's no excuse for the media to say that we're doing PoW for nothing. The specs also relatively low and the internet connection will not be a problem if the people who want to stake have home internet cables. Some people are okay even if the reward relatively small and some are not, there are people who have money but don't know what to do and as easy as staking is, it will be a good option for that kind of person. This also attract my interest.

I am wishing that this Ethereum program of staking concepts 2020 will really be in favor for the Eth holders. Because POS in my view is really profitable if you have at least 32 ETH, but if you don't have that amount of ETH, well you cannot avail this POS for sure. It is part of their requirements for the POS concepts anyway.

No doubt staking is the future and ETH is one of the very few projects that planned to switch to POS, i really can't say what the impact will be on price and value and 32eth for staking is very high as well, we shall see how things play out, hopefully in flying colors

   32 Ethereum is a high price for us who don't have 32 Ethereum's, but early adopters bought much more Ethereums for much lower
prices.
   I think that future Ethereum concept is great. I don't have 32 Ethereums, but I work for that and I invest in Ethereum from time to
time. I hope I will have that amount one day!

They will drop rewards for miners and you will be able to get rewards for holding ETH. I believe you need to have 32 ETH and will get a tiny amount yearly for doing so. Is not worth it in my opinion, but would definitely increase the price.

January 2020 is almost here I believe ethereum will achieve this height given the time it has taken for the preparations on their ends. Its going to be the highest PoS coin. Is there any article on the staking process and rewards system?