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joseyphil82
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Activity: 742
Merit: 16
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November 10, 2020, 07:54:39 AM |
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Nice, many larger entities will prefer to stake ethereum for long term and I believe this will bring Ethereum back to it's old glory form, though 32ETH is still way too much for many ethereum fan but since no plan on reducing the minimum requirement to stake we have no choice.
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Bekuciwu9
Member
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Activity: 140
Merit: 12
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November 10, 2020, 07:58:33 AM |
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It is not enough to just buy 32 ETH and you become validator, things are more complicated than that. First, your ETH will be locked for period of 2 years,and that is not insignificant at all.That means that you wont be able to get it back in case you want to seel.Once you send it to special contract adress,thats it. Next thing,you will need decent computer to be abelt o run the node. Here are the recommended specifications Operating system : 64-bit Linux, Mac OS X, Windows
Processor : Intel Core i7-4770 or AMD FX-8310 (or better)
Memory : 8GB RAM
Storage space : 100GB solid state drive free space
Internet connection : Broadband Internet connection (10 Mbps)
Power supply : Uninterruptible power supply (UPS) As you can see, computer will have to have UPS or uninterruptible power source because you will have to be online 24/7, 365 days per year. If not, you will get fine that will be deducted from that 32 ETH you deposited. So obviously to become validator you will have to meet some technical requirements so this wont be for everyone, but those whho decide to join will get average 15% profit per year,which is good incentive. With all this being set,I hope there will be some public pools that we will be able to join,for those like me who dont have 32 ETH or dont want to bother with all the other stuff needed to become validator. |
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pamsugas (OP)
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November 10, 2020, 08:18:15 AM |
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It is not enough to just buy 32 ETH and you become validator, things are more complicated than that. First, your ETH will be locked for period of 2 years,and that is not insignificant at all.That means that you wont be able to get it back in case you want to seel.Once you send it to special contract adress,thats it. Next thing,you will need decent computer to be abelt o run the node. Here are the recommended specifications Operating system : 64-bit Linux, Mac OS X, Windows
Processor : Intel Core i7-4770 or AMD FX-8310 (or better)
Memory : 8GB RAM
Storage space : 100GB solid state drive free space
Internet connection : Broadband Internet connection (10 Mbps)
Power supply : Uninterruptible power supply (UPS) As you can see, computer will have to have UPS or uninterruptible power source because you will have to be online 24/7, 365 days per year. If not, you will get fine that will be deducted from that 32 ETH you deposited. So obviously to become validator you will have to meet some technical requirements so this wont be for everyone, but those whho decide to join will get average 15% profit per year,which is good incentive. With all this being set,I hope there will be some public pools that we will be able to join,for those like me who dont have 32 ETH or dont want to bother with all the other stuff needed to become validator. Yups, I also don't want to report to be a validator it's just that now it's a good idea to buy more Ethereum because everyone who wants to become a validator is required to deposit their 32 eth and it will hold for 2 years meaning the supply of eth will decrease. the law of the market is that supply is reduced the price will soar  |
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kkaroul4
Sr. Member
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Activity: 994
Merit: 251
Betking.io - Best Bitcoin Casino
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November 10, 2020, 08:21:28 AM |
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It makes me too want to deposit on the ETH with the upcoming of the Eth 2.0 I think many investors would be looking on investing to Ethereum more. But I still don't know what's with the upcoming Ethereum 2.0 I think I should read first the information on it.
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Akiko
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November 10, 2020, 08:41:37 AM |
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Nice, many larger entities will prefer to stake ethereum for long term and I believe this will bring Ethereum back to it's old glory form, though 32ETH is still way too much for many ethereum fan but since no plan on reducing the minimum requirement to stake we have no choice.
If they can't afford to buy 32 ETH. Other investors will make alternative option like making a group of people to complete the requirements to earn in staking . It will only depend of how much interest they can earn annually by just staying it in the wallet . If it's only small interest I guess many still prefer eth to trade than to stakes where they can only earn fixed amiunt in staking |
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pedrillo0
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November 10, 2020, 08:52:08 AM |
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If it is very interesting that it is already possible to deposit in the ETH 2.0 ETH 2.0 is closer than ever, and all this is seen in the market. This month is ETH more than bitcoin! But we will see BTC that always gives surprises at the end of the year ... |
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sharos
Jr. Member
Offline
Activity: 551
Merit: 4
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November 10, 2020, 08:53:30 AM |
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Not only CZ, Almost everyone excited about this reason. I am also not different, I am also too interested in ETH 2.0. I am holding a small amount of ETH. Actually, I still can't believe that the price of ETH will increase a lot for ETH 2.0 (It's totally my opinion). I just hold some ETH for other cryptocurrency figures' advice. |
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Chuky92
Copper Member
Jr. Member
Offline
Activity: 966
Merit: 5
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November 10, 2020, 09:19:17 AM |
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I think everyone is happy about this, as it has long been waited for, and people can't wait to start feeling the experience.
This is also what happens when you have something to offer and not only that, but something everyone needs which will benefit them on the long run. I believe more people will continue getting involved with this because of the potential benefits attached to it and also because the Ethereum is the best altcoin out there. However, it's kind of expensive and for it to worth that much, it means what the Ethereum platform is offering something of great value.
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Stanlo
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November 10, 2020, 10:13:15 AM |
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It is not enough to just buy 32 ETH and you become validator, things are more complicated than that. First, your ETH will be locked for period of 2 years,and that is not insignificant at all.That means that you wont be able to get it back in case you want to seel.Once you send it to special contract adress,thats it. Next thing,you will need decent computer to be abelt o run the node. Here are the recommended specifications Operating system : 64-bit Linux, Mac OS X, Windows
Processor : Intel Core i7-4770 or AMD FX-8310 (or better)
Memory : 8GB RAM
Storage space : 100GB solid state drive free space
Internet connection : Broadband Internet connection (10 Mbps)
Power supply : Uninterruptible power supply (UPS) As you can see, computer will have to have UPS or uninterruptible power source because you will have to be online 24/7, 365 days per year. If not, you will get fine that will be deducted from that 32 ETH you deposited. So obviously to become validator you will have to meet some technical requirements so this wont be for everyone, but those whho decide to join will get average 15% profit per year,which is good incentive. With all this being set,I hope there will be some public pools that we will be able to join,for those like me who dont have 32 ETH or dont want to bother with all the other stuff needed to become validator. Yups, I also don't want to report to be a validator it's just that now it's a good idea to buy more Ethereum because everyone who wants to become a validator is required to deposit their 32 eth and it will hold for 2 years meaning the supply of eth will decrease. the law of the market is that supply is reduced the price will soar Now I'm confused, I thought the 32ETH is all we need to stake ethereum but now I'm hearing about validating, I don't want to become a validator, I just want to hold my Ethereum in staking mode and earn more ethereum, now that things are more complicated what is the reason for switching algorithm? |
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Jating
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November 10, 2020, 10:44:39 AM |
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If CZ wanted to support ETH2.0 he could get more than 32 ETH and be a validator. So for me, it seems that CZ is just shilling for ETH2.0, maybe he wants the project to be successful so it's going to be win-win situation for him and I think for the whole crypto space as a whole. We are not yet in the bull run, so just imagine how much CZ and Binance will make if even we see ETH2.0 rolled out successfully and possible to push the price again to it's new all-time-high.
@Stanlo - I suggest you read everything here: https://cointelegraph.com/explained/ethereum-20-staking-explained, but let me quote it for you: How does staking work on Ethereum 2.0?
Just as with most other platforms, lock, load and wait.
Staking on Ethereum 2.0 will be fairly straightforward. There will be a minimum threshold of 32 ETH required to participate in staking, and validators will need to be running a validator node. As mentioned previously, this doesn’t need to be specialist machinery and could be done on a consumer-grade computer or laptop. However, validators will be expected to be online consistently or face minor penalties.
The rate of return for staking ETH is expected to be around 4%–10%. A program called “slashing” will apply to any validator acting maliciously toward the network by taking a portion of the validator’s stake.
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Anonylz
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November 10, 2020, 10:56:50 AM |
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If CZ wanted to support ETH2.0 he could get more than 32 ETH and be a validator. So for me, it seems that CZ is just shilling for ETH2.0, maybe he wants the project to be successful so it's going to be win-win situation for him and I think for the whole crypto space as a whole. We are not yet in the bull run, so just imagine how much CZ and Binance will make if even we see ETH2.0 rolled out successfully and possible to push the price again to it's new all-time-high.
@Stanlo - I suggest you read everything here: https://cointelegraph.com/explained/ethereum-20-staking-explained, but let me quote it for you: How does staking work on Ethereum 2.0?
Just as with most other platforms, lock, load and wait.
Staking on Ethereum 2.0 will be fairly straightforward. There will be a minimum threshold of 32 ETH required to participate in staking, and validators will need to be running a validator node. As mentioned previously, this doesn’t need to be specialist machinery and could be done on a consumer-grade computer or laptop. However, validators will be expected to be online consistently or face minor penalties.
The rate of return for staking ETH is expected to be around 4%–10%. A program called “slashing” will apply to any validator acting maliciously toward the network by taking a portion of the validator’s stake.
i think the answer which @stanlo is probably looking for is - must everyone who have 32 eth and want to stake be a validator or they can stake normally without being a validator!, because the quote above does not really specify or differentiate normal stakers and validators, so i guess everyone who wants to stake will have to be a validator. Between eth is already a very successful project and doesn't require any shilling from CZ or any other crypto pioneer, people can genuinely say their mind without doing any shilling, you have to know this. |
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kindbtc
Member
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Activity: 1008
Merit: 12
SAPG Pre-Sale Live on Uniswap!
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November 10, 2020, 11:03:51 AM |
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Obviously everyone wants to hold atleast 32 eth because the race for eth 2.0 is ON and i am sure that people who can afford this amount will already be getting ready to atleast get this amount to take advantage of the staking rewards. |
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durilup
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November 10, 2020, 11:10:47 AM |
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Sure I would BUY 32 ETH if I have the money, which I don't have 14K laying around. This thing is getting expensive over the years. It's like $450 each already, man!
No one forces you to buy 32 ETH . In my opinion $450/eth is still a good price knowing the fact ethereum reached $1200 in 2017 starting from less than $10 |
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Kvalentine
Member
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Activity: 504
Merit: 25
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November 10, 2020, 11:16:28 AM |
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Well now that you have to be a validator to stake your Ethereum I don't see any reason why I should buy 32eth again, why must one be a validator to qualify for the staking? This is nonsense, I kept waiting for the launch of ethereum 2.0 but now I have no more reason to wait.
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BIN-BIN
Member
Offline
Activity: 504
Merit: 57
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November 10, 2020, 11:28:30 AM |
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That will be good for you if you have the finance to take the risk, one thing I have understood is that one can never lost with staking because you get pay out at the end of the staking period. But again invest what you can let go not life saving, the ethereum 2.0 is a much awaiting development. |
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soetikno
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November 10, 2020, 11:40:39 AM |
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ETH 2.0 development is getting better but the current price of ETH is still very expensive $446 At the moment, I will think about it first to buy it, maybe CZ binance respects the performance of ETH 2.0 developers who do Vitalik Butterin
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plr
Member
Offline
Activity: 1148
Merit: 24
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November 10, 2020, 11:50:04 AM |
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Everything on this article are great, Ethereum is everything we all been waiting to fix everything issues Ethereum is encountering, people are in a hurry to buy Ethereum I'm seeing Bitcoin reaching another all time high because of this new update. |
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goaldigger
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November 10, 2020, 12:33:42 PM |
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The requirement for staking is too much for a small time investor but I’m sure many businesses and whales are willing to take the risk because ETH is a great platform and I’m sure the update will succeed, so its worth trying for if you have available funds. I would buy 50 etherum, if I had the capital. the problem here is that the capital is limited, while for 1 etherum alone it has reached more than $ 400. but this will have a good impact, and the pump will be soon.
At least you still have your ETH holdings so don’t be sad as long as you have ETH, you’ll earn profit even without staking, just keep on holding. |
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crzy
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November 10, 2020, 12:39:08 PM |
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The hype is building around and everyone wants to participate and not miss out on the pumps. I personally will hold some ETH before this time and also try to buy the 32 ETH to join if I am able to raise the funds.
Yes the hype is increasing and the price is slowly reacting into this great news from the update so as much as possible, do your best to buy ETH because this will become a sure profit next year or even before the year end. Staking is a great way to make money for those who don't have much time to trade in the market, this can be a sure profit as well since we are talking about the top altcoin, ETH will always deliver a good one. |
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