ETH Proof of Stake Reward?

[BlackJacky]

Hi guys,

Ive a question on the motivation to lock up your Ether in order to validate the next block.

I understand that in PoW your incentive is to do mining because you can earn the new Bitcoins.

My understanding in Ethereums PoS Casper is that there will be no block reward of new created Ether. Is that correct?

However, the person participating in the PoS will earn the transaction fees which is the motivation to lock up your Ether. Is that correct?

Thanks folks!!

[Kaballes]

No, that is not like that ! There is not simply the end of the reward, it is just earned differently.

At least that is how I understood the thing. If you are right and that there is no more proper reward, fill your bags before the train leaves !

[slaman29]

You should read up this to learn about difference between PoW and PoS (proof of stake) and how it should affect Ethereum. We still have to wait until end of year to see how it will exactly look like, but basically, you still "mine" or mint new ETH, but only with staking your owned ETH.

https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

[AgatioX]

So my guess is then - if you have alot of eth,you dont need to mine anymore, - there will be no interest for you anymore.
But it gives chance to those who dont have enouph eth yet

[daniweb]

what means this for mining eth, PoS will be harder for miners to get rewards?

[kryptqnick]

You should read up this to learn about difference between PoW and PoS (proof of stake) and how it should affect Ethereum. We still have to wait until end of year to see how it will exactly look like, but basically, you still "mine" or mint new ETH, but only with staking your owned ETH.

https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ

I have watched a video of an eth miner on youtube and he explained the PoS in a way that there will be no mining, actually. Because mining is about spending energy and getting rewarded for that. One proves that he has done some work. Proof of stake, on the other hand, is rather about holding eth, doing nothing except being a part of the system and confirmation of other eth being valid. I guess new coins will appear and be given to those who own a lot of ethereum.

[Pab]

POS is a kind of mining.People with eth coins his wallet will be rewarded in eth by keeping network live.Usually in classic pos you need to keep wallet open to get rewards.There are only pos or pos-pow coins

[jh0n4]

Well I think, If you are wondering why PoS is better and necessary for the future(correct me if I am wrong): Ethereum is mined. So, by switching the PoS it decentralizes the currency further (by decentralizing hardware) because the source is not from the miners of just miners it is from the (hundred) thousands who hold it. Remember hardware is easy to detect and is vulnerable to hackers. PoS focuses on the coin which is has a higher attack resistance and can be easily hidden. TL;DR Decentralized hardware, less prone to attacks. 

[peter1]

It may be partially pow in the next year, and some pos will maintain the network. In the long term, this is an update of the etheric lane, and the network is more secure and environmentally friendly.