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I have 3 ETH now , do when ETH updated to 2.0 , i will lose my 3 ETH ?

Your money will be converted, lol. You have funny thoughts.

actually the possibilities of Growth is there so if Lucky that the 2.0 version of Ethereum event will come together with Bitcoin halving(in which happening now) can make you gaining but of course the assurance cannot be there as volatility of market is always there.
Maybe he is Curious since there will be changes .

to be honest I not sure how to explain . now we all mining ETH 1.0 , when next update 2.0 , it is auto convert or i need to sell before next update 2.0

You don't have to do anything.

Your 3 ETH will remain 3 ETH after the update.

It's just the upgrade of making Ethereum from being Proof of Work to Proof of Stake.

Thank you very much I feel comfortable now


1- When the Ethereum upgrade to Proof of stake , is cannot mine anymore with GPU's RIG ??

if yes cannot mine with gpu isn't better now try make big amount and hold it ?

1. Yes, that's right because the confirmation or mining depends on the number of Ethereum your wallet holds. Which means, the more ETH you hold, the better. To learn more about what is proof of stake --> https://www.investopedia.com/terms/p/proof-stake-pos.asp

If you have the ability to mine it before the changes, do it.

Because when POS happens, AFAIK the minimum amount for you to become eligible to stake must be 32 ETHs.

32? That's an insane lot just to start earning passively and the returns only start from 4% onwards.

Yes, most of the articles that I've read that's the minimum requirement. But if you are one of those who bought it somewhere around $20-$80 that's a fair price. Still, that's ethereum and the current price makes it quite expensive.

It's a better and cheaper coin I'd guess to have it on stake. Dash requires you around $72k to earn passively through its masternode.

I don’t think you'll lose your money albeit there's an honest update on Ethereum investment, its price will go up. Always think positive and wait If Ethereum goes down within the semicircle the market will go up. the rationale for the dump is that the large will rise await the update but don't lose money.

Oh yeah, I almost forgot about DASH...

I guess the most sensible solution to those who can't afford 32 ETH like me could simply opt for an interest account. Won't reach 10% per annum but still better than nothing.

there still are a lot of people in crypto who thinks its all a big shaky piece of scam going on
it is a young industry so no wonder it is like that

anyway, I hope eth2.0 will be out asap

https://i.imgur.com/3hOxASH.png

32 ETH seems like a lot to stake to start getting rewards I'm not sure many people would be willing to lock up that kind of money for small % gains.

I have read it somewhere that those who can't avail the 32 ETH can simply join the pools that will focus on it.

It's like sharing your own amount to others that will make it 32. I forgot the platform but base on that, it will ensure all of the participants. But we should wait for the official solution for those who can't avail that amount and the official platform that Ethereum team will suggest.

Is it Rocket Pool? This showed up when I did some searching

I can't remember the name of it but that could be the one that I have read or it could be some others.

But before committing please do wait until some final announcements are made from the actual devs of ETH or from Vitalik himself.

I can't remember the name of it but that could be the one that I have read or it could be some others.

But before committing please do wait until some final announcements are made from the actual devs of ETH or from Vitalik himself.
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Okay then. At least there's pool support since coming out with 32 ETH right out of the pocket is no easy feat.

Yep. There is hope to those that have not that much ETH but want to stake.

I'm also waiting for that.

Do you have other POS tokens? NEO was nice with their GAS. Sadly I sold all of them.

I haven't bought any so far.

But to give you an idea, Tezos looks ok for me. Neo is also a good one at least for me but I never had it.

The upgrade is on, but staking is not yet started. Many are anticipating the staking reward on eth, but I heardalways that 32 eth is required to become a validator and earned rewards. Im just curious if below 32 eth we can still gain some staking rewards. Also, what wallet should we used for this? Or there is a specific platform that ethereum coins should be staked?

Hopefully some can answer my inquiries. Still confuse how ethereum 2.0 will work when the time is out. Wanted to prepare for it.

I haven't research ETH 2.0 and its proof of stake but the 32 ETH minimum to become a validator sound just like the concept of other proof of stake coin with MN. If it's like that, I think you still can stake even if below 32 ETH but staking against network will be hard.

When the upgrade to the Ethereum 2.0 network is complete, you don't need to do anything. Your current balance will be updated automatically and you will not lose any money. Usually the investor does nothing in such updates or swap transactions, everything is completed automatically. For this reason, you can learn what to do by just following the developments. No need to stress in vain, everything will be completed without hassle.

No you won't lose your 3 eth, your quantity will remain the same, the eth 2.0 has nothing to do with ethereum max supply decreasing, just leave your coins in your wallet and wait till the upgrade is over

I haven't invested in Tezos so I can't say anything about it. Meanwhile NEO had lots of airdrops back then and quite a few were of good returns (Ontology for instance).

Not sure if they're still doing them.

Why do you think you will lose all that money? If ETH were to be updated to ETH 2.0, your money would definitely be converted, and you would never lose it

You can't lose your eth, the upgrade won't decrease eth supply and there won't be any chain split or such, going from POW to POS has nothing to do might lowering quantities of max supply or switching to new blockchain

I understand what OP is thinking, that probably eth will choose another blockchain and reduce max supply, that's OP thought but it's never going to happen, Ethereum owns tokens kingdom and ERC20 smart contract is here to stay

Just put everything in your wallet, I believe everything will be fine. ETH 2.0 will be updated and your assets will always be safe, If there are any updates on the total supply, they will swap it in the way that best suits you

Thank you so much , i have 199 mh/s mining ETH until 2.0 is out
I just guessed who mined ETH 1.0 will not be enable to sell the it when 2.0 is out, i was wrong , i'm just newbie making sure everything will be fine, and got it now thank you all

Hope you buy sooner cause the price of eth is above 200$ already. We nevet know when the eth platfom 2.0.will activate and Im sure a lot of people will love the hype and many will fomo on this. Just hoping the staking can create a good price fo eth and if we are lucky we can see another ATH again for eth just like the last time. Only bitcoin and eth are my current holdings and I believe these two will have good price few months from now.

No one will swap or collect your ETH or take it for vanishing. Just an upgrade to improve the ecosystem. Ethereum network is becoming very expressive for transaction fee.

No you won't lose your ethereum. You also don't have to do anything. Ethereum is 2nd biggest coin in the market whatever they do whole market system like exchange wallet and others will support it.
And yes you are right after th changing we don't have the chance to mine with GPUs. It depends on staking. And the amount is big it's 30+ maybe.

and base on what he said you don't need to be afraid if you just stay your why in your wallet.

As I understand in upgrade ETH will move to pos which is you can earn ETH by staying it on your wallet.

How big it is depends on how many ETH you have.

The value of ETH is now not high so even if you lost it. It is worth waiting because ETH no longer has such power. Remember how 2 years ago looking exceeded $ 1,500. It was something. Currently, cean is less than $ 200

Why do you think that all your ETH will be valueless? As your theory all circulating Ethereum will be valueless. Although this is funny question. Of course there will swap option because Ethereum 2.0 will be on beacon chain. You will get better experience when you see some swap process of any project from ERC-20 tokens to own coin.

Unless it occurs by a hostile takeover fork, then it's unlikely that you'll lose your 3 ETH.

Most of the time the chain is forked up to a certain block, so as long as you don't accidentally send your funds to the wrong chain during the transition period, you'll be fine.

You can look at what happened when Bitcoin split into Bitcoin + Bitcoin Cash, BTC holders retained their funds and earned an equivalent amount of BCH.

A similar setup will occur when ETH moves to POS.

Yes, Tezos is still making headway and I feel the journey up has just started. It was quite surprising to see it at that position and it is never going to stop there. The door is still open for whoever wants to invest in both ETH and Tezos.
Although this is never a piece of advice, I am also fine with those two too.

You don't even need to bother about all these. Nothing will happen to your ETH and you don't have to do anything extra. Just keep your wallet details safe and personal.

Do not worry, the old chain will be hardforked and your coins will automatically appears on the new version of blockchain, where will be a lot of new features, for example staking.  ;)

No, you won't lose your coin. Don't worry about that. Just hold your coin where ever it is. This fork will replace by the new system. Better you shift your coin to your own wallet. Though when a big project like eth upgrade every single exchange support it. So nothing to worry about. Everything will be the same. Maybe we can show some price hike if we are luckym

Is there any situation like that happening with ETH, i do not see major split in the community as of now and ETH usually does things as a dictatorship and the only issue happened when the forked from the real chain without any warning when there was a major hack and some were against the fork and so we have two chains and when they upgrade now i do not see anyone looking to take over the old chain and think they could have people trusting them unless there is big group planning to take over the old chain and for that to happen they need major resources.

As long as when the hardfork has begun OP will not try to move his ethereum into the another wallet and his ethereum will fine. There was no thing that needs to be worried.
We will see that when the majority of nodes will move into the ethereum 2.0

The ETH you have remains at 3 ETH, it only changes from POW to POS. Well, I think many are asking about this change. Yeah, this is like some coins that change their coins. it's likely that the change will be done automatically.

That 32 ETH minimum amount to be eligible to stake sounds ridiculous in my opinion. When ETH was proof of work, you can mine it in less than $100 VGA and still profitable if the electricity cheap enough. That's cost like half of an ethereum right now. If we take 32 ETH and covert it to roughly amount to set up mining hardware, the curtain of proof of stake clearly higher than the old proof of work.

When ETH 2.0 (proof of ownership) comes out, it will not have an effect on losing your current ETH, even though ETH 2.0 has something to do with the old ETH but it is only an update and certainly will not have an effect on losing the assets you currently have.

The Ethereum 2.0 upgrade has produced mix reaction in the Ethereum community there were some positive while others were against the 32 Eth staking minimum and IMO, it's too big for us the ordinary Eth users It should be downgraded to a minimal and affordable amount, not 32 Eth it was a costly thing to many and I'm afraid it will not do well to many Eth users.

why do you think that, do you have the need to stake ETH when PoS algorithm start? it is roughly 7k USD for staking node, so i do not think that it is too much for one to be a validator on the network, when you compare to other smaller coins, NRG - 10k tokens, which is roughly 25k USD at the moment, ZIL 10 million tokens, which is roughly 120k USD at the moment, even THETA 20k tokens which is roughly 7k USD at the moment, so ETH is doing good comparatively to these

Of course not, the ETH you have won't decrease and don't expect it to increase either, ;D it's just an update of the old ETH and ETH 2.0

Though the miniumu amount of ETH to stake is 32ETH at present but there is a solution to this.
There are mining pools which will allow individual traders to stake in their pool and will pay them for their share of ether.
This would be a risky job on which pool to join but I am assuming there will surely be some genuine pools for this.

It's normal for those coins they're trying to squeeze as much from the holders as possible. They always say high cap is made to secure the network but really they don't care if you make money from it so they're not trying to make the system user friendly.

Look at Dash and how expensive it is to run a node there. It's not PoS but the idea is very similar to make it affordable only for a few wealthy individuals.

It is just an update for ETH. The update only changes the way ETH works before and it will not make your assets disappear. So you don't need to worry about it, if your ETH disappears then this project seems like a scam. ;D

Damn right, But the advantage of it is they are updating the network which is normal for a developing coin, At least we do get some updates from the developers and not by just holding non-sense stakes.

Nope, Your eth is still yours as long as you hold your key. Try reading this ^{source (https://consensys.net/blog/blockchain-explained/what-is-ethereum-2/)}.

Don't worry, you will not lose anything. Eth is changing to pos. But the token will be the same. It will be just a update. And ethereum holds 2nd biggest marketcap. So every big exchanges will support it's hardfork. But it's always good to put your coins in walet when hardfork Or any kind of upgrade happening.

Hi betty11 I'd like to get in touch with you!

You will diffenitely not lose your coins. Ethereum is a very big campaign and top-2 cmc coin. I don`t believe they can become scam. Your coins will remain and you will get some reward for staking it. It`s just a movement to the new system and new type of consensys, nothing else