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Author Topic: What will happen after ETH goes POS?  (Read 587 times)
GermanGiant
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November 18, 2018, 02:10:31 PM
 #21

I think PoS is an attempt to solve this problem by abstracting the mining process and applying its functions to locked contracts. PoS along with mining can drastically reduce barriers to entry into mining so keeping mining far more decentralized, environmentally friendly and more measurable.
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November 18, 2018, 07:25:00 PM
 #22

By upgrading Etheruim will have POS algorithm which will reduce the power consumption rather than POW algorithm,  and you will be able to stack ethers you have and get rewards, but we don't know how profitable it would be.
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November 18, 2018, 07:38:43 PM
 #23

there is no another coin would emerge the update will include several features and one of them is adding POS protocol and the impact on The Price of ETHEREUM will be positive as we think/hope.
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November 18, 2018, 07:39:49 PM
 #24

I think that is the indispensable trend, and make the holder more ETH. The present miner is gradually abandoning the ETH exploitation because it does not bring the cost of profit as before
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November 18, 2018, 07:48:35 PM
 #25

Sorry for the newbie questions, but from a purely ETH investing point of view, is there anything I need to worry about or do before/after the switch the POS?

I want to invest in the most updated version of Ethereum supported by Vitalik.

I already have some ETH. After POS, will there be a new Ethereum coin whereby I will have to move/trade my ETH-POW to ETH-POS?
Or will my existing ETH already be updated to run on the new POS system so I don't need to worry about anything?

I guess my concern is that I'm going to be stocking up on ETH, and I don't want to wake up one morning and find out I'm on some outdated coin and the train has left on some newer Ethereum coin and I've missed out... Huh



Ethereum will remain the same, only the method of its extraction will change. If I were you, I would not worry too much about this. For over a year there has been talk of switching to POS mining, but nothing has been done yet for this.

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November 18, 2018, 07:57:42 PM
 #26

We are all to the expectation, definitely pos is a better system than pow, is much more eco-friendly and also gives better rewards, so welcome, the most common in this type of forks is to give you the same amount of coins so virtually you will have coins in two ETH, unless the consensus is complete and the fork is not done.
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January 02, 2019, 08:07:09 PM
 #27

Hi guyz, happy new year.
Do you know how many Eth would be necessary to run a "node" in order to stake, 5% return inv. per year as?
Tia.

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January 02, 2019, 08:43:42 PM
 #28

I really don't see Ethereum becoming a Proof of Stake token but nothing in this industry is impossible. As with every potential proof of stake token, it will encourage more investors to purchase and hold ETH since it will be a win-win situation for holders. More investors will mean more investments leading to price appreciation and good yields for holders. The rate of growth of Ethereum could also increase with this move.
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January 04, 2019, 05:16:37 AM
 #29

 I think, ETH demand will increase and available supply will decrease since staking is incentivized. Increase demand + decrease supply = increase price
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January 04, 2019, 05:43:53 AM
 #30

Hi guyz, happy new year.
Do you know how many Eth would be necessary to run a "node" in order to stake, 5% return inv. per year as?
Tia.
According to some discussions and you will need at least 32 ethereum to stake it in the ethereum network. How much return depends on the how much ethereum that you have staked it to the network, as far as i know you will get a stake wallet and then there will be a lock-up period for your ethereum

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January 04, 2019, 02:13:27 PM
 #31

I think that ETH is not a good thing to turn to POS. There will definitely be many manufacturers of mining machines coming out to block it.

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January 04, 2019, 02:19:01 PM
 #32

Sorry for the newbie questions, but from a purely ETH investing point of view, is there anything I need to worry about or do before/after the switch the POS?

I want to invest in the most updated version of Ethereum supported by Vitalik.

I already have some ETH. After POS, will there be a new Ethereum coin whereby I will have to move/trade my ETH-POW to ETH-POS?
Or will my existing ETH already be updated to run on the new POS system so I don't need to worry about anything?

I guess my concern is that I'm going to be stocking up on ETH, and I don't want to wake up one morning and find out I'm on some outdated coin and the train has left on some newer Ethereum coin and I've missed out... Huh



You don't need to worry that there will be no new eth coins even though the POS has been released later. this will only make ethereum more perfect because it has a hybrid system POW and POS. many think if ethereum has already run POS, there will be many people who buy and hold ethereum. the result will make the demand goes up and I think so too
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January 05, 2019, 09:48:36 AM
 #33

The current coin will do, nothing depreciates.
With peace of mind, I buy coins for my portfolio.
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January 05, 2019, 10:47:21 AM
 #34

Fork is another word for update. In cryptocurrency community, developers will rather use the word fork. The ethereum fork is not a Chaim split rather, it is an update on existing ethereum system, which mean all coin are going to be updated, nothing changes!

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January 05, 2019, 10:52:18 AM
 #35

To be honest, it seems to me that this, on the contrary, will improve the ETH project, because it will speed up the process of transporting coins, as well as it will obviously reduce the commission, I hope that this will happen.
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January 05, 2019, 11:19:16 AM
 #36

To be honest, it seems to me that this, on the contrary, will improve the ETH project, because it will speed up the process of transporting coins, as well as it will obviously reduce the commission, I hope that this will happen.
Well, hopefully our expectation will be realize with the upcoming upgrade.
What I only want for ETH is a faster transaction and cheaper fee, so far, with the current system, the speed is acceptable but the fee is high.
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January 05, 2019, 10:01:00 PM
 #37

Hi guyz, happy new year.
Do you know how many Eth would be necessary to run a "node" in order to stake, 5% return inv. per year as?
Tia.
According to some discussions and you will need at least 32 ethereum to stake it in the ethereum network. How much return depends on the how much ethereum that you have staked it to the network, as far as i know you will get a stake wallet and then there will be a lock-up period for your ethereum

32, thank you Jeff, I have seen info about it since, do you know when this could occur, any estimation, tia.

Pretty cool article not mentioning eth staking tho : "https://coinswitch.co/news/ethereum-hard-fork-jan-19-know-everything-about-3-upcoming-eth-hard-forks" 05 January, 2019.

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January 05, 2019, 10:16:01 PM
 #38

As far as I know the miners will be drastically affect on the upcoming Ethereum hard fork due to the decreasing of block rewards but the network will run much smoother and faster compare to its current system.

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January 05, 2019, 11:12:08 PM
 #39

Hi guyz, happy new year.
Do you know how many Eth would be necessary to run a "node" in order to stake, 5% return inv. per year as?
Tia.
According to some discussions and you will need at least 32 ethereum to stake it in the ethereum network. How much return depends on the how much ethereum that you have staked it to the network, as far as i know you will get a stake wallet and then there will be a lock-up period for your ethereum

32, thank you Jeff, I have seen info about it since, do you know when this could occur, any estimation, tia.

Pretty cool article not mentioning eth staking tho : "https://coinswitch.co/news/ethereum-hard-fork-jan-19-know-everything-about-3-upcoming-eth-hard-forks" 05 January, 2019.

It's not but if you are reading lauve whitepaper and it has mentioned the number of how much needed to become a validator in the POS casper ethereum.
It has stated in serenity article created by vitalik if 1250 ether is needed to become a validator in the POS casper but i don't know if the increases price of ethereum will affect how much needed to become a casper validator.  and 1500 if you are reading EIP1011. But about which will use still not yet determined.

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January 05, 2019, 11:37:58 PM
 #40

After Ethereum POS, there would be no new coin created. The upgrade will improve the ethereum blockchain and will make it more efficient and faster.
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