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Author Topic: Ethereum Network POS question  (Read 232 times)
viberama
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July 23, 2018, 02:46:48 AM
 #1

So as I understand it, when Ethereum converts to full Proof of Stake, the mining block reward (3.0 ether) will go away and only the transaction fees will remain.  The transaction fees are low (.5-3% of the total block reward).  Am I to assume that for each block solved it would only amount to 20-40 dollars (maybe 3-5 grand total a day)?  If that's the case, why would anyone even stake their ether coins for such a minuscule payout that you'll probably have to share with a pool of other stake holders anyway just to get a chance to solve the block?  Am I missing something?  Why even go down this road?
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crazy_elky
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July 23, 2018, 11:36:56 AM
 #2

I don't remember exactly but I suppose instead of mining it will be forging as in other PoS coins. You just lock your coins and they produce new coins for you. The more you have the more you get.
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July 23, 2018, 11:45:30 AM
 #3

Colleagues, this year the ETH will not change the algorithm. The team has a lot of technical problems. What will happen next is very difficult to anticipate.
GPU mining since the 3rd quarter of 2015 was developed using ether. We will wait for new news next year.

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July 27, 2018, 08:57:09 PM
 #4

When Ethereum converts to full Proof of Stake, there will be special reward for masernodes holders. They must have some sum of Ethers on secure deposit and they must use their computers as a nodes of Ethereum network. They will receive payment for it.

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July 27, 2018, 09:15:33 PM
 #5

Remember PoS is just a rich gete richer scheme. Unless you have $100k USD worth of coins you wont make shit staking.
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July 28, 2018, 03:08:01 AM
 #6

Remember PoS is just a rich gete richer scheme. Unless you have $100k USD worth of coins you wont make shit staking.

Why don't you say the truth to them?

POS is a way to stop rewarding miners with more coins, and whoever stakes their mined eth will not gain much from it, so meaning, pos is a way to stop inflation altogether, pos will reward 10 times less coins than what miners get right now, so as inflation gets to an  almost negative trend, coin price will rise a lot if that coin is a proven development success.

Pos is a good move after a coin has attracted a lot of market confidence. Which means that as soon as eth goes pos, eth's price will rise a lot cause it will not be much available anymore for sale and as eth network and smart contracts are used by others devs or people in creating apps, more and more eth will be sought up, eth right now might be the only coin to surpass btc in the coming 5 years on total marketcap.

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adaseb
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July 28, 2018, 07:32:15 AM
 #7

Back in Spring of 2016, I didn't purchase a bunch of cheap RX 470 because ETH was suppose to go POS in the Summer of 2016.

It's 2 years later and there is still no definitive POS in sight.

Most likely in Oct-Nov we will get the ETH block reward reduced from 3 to 2 ETH. And maybe next Oct 2019 we might have some Hybrid POS running.

However the ETH dev team misses all the deadlines they set.

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crazy_elky
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July 28, 2018, 01:56:59 PM
 #8

Remember PoS is just a rich gete richer scheme. Unless you have $100k USD worth of coins you wont make shit staking.

Great! So I'm thinking of creating a POS pool now =)
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July 29, 2018, 05:48:34 AM
 #9

Roadmap Ether Network POS has long been released. And its achievements
always skipped and not on schedule. Maybe this is
heavy work and time consuming. Because if the ether has switched
using POS - Casper, this will be the first step of deep evolution
ethereum. With the credibility of ethereum now, the change of ethereum to
POS will be a real-world test of proof-of-stake (POS).

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July 29, 2018, 10:01:52 AM
 #10

In my opinion, Its a hard decision to pass PoS for ETH devs. ETH got a place in crypto world, sometime overrated, sometimes underrates, but It holds there since long time ago. Ofc they deserved, have strong infrastructure. But without GPU miners, It doesnt meaning all of it. I think they have doubts about switching to PoS cuz of these reasons.
paklungipin
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July 29, 2018, 04:54:53 PM
 #11

Hopefully auditor and devs can soon find its momentum.
Although it uses Casper's second Casper the Friendly method
Finality Gadget (FFG) is more friendly.

vuli1
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July 29, 2018, 05:40:13 PM
 #12

yup, I think you do not need to panic about ETH pos, it will not happen so fast, if it ever wil.  There is so many issues in the eth background....

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