BUY 32 ETH

[Argoo]

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?

The technical requirements in order to be able to receive 15 percent of the annual income from their invested 32 ETH are quite significant and above all the constant connection to the network.  I think that in the future, simpler staking should appear, but it will also be more risky.

[Tushar Ramani]

It is not just a stacking where you will be sending 32 ETH to depositcontract.eth and enjoy rewards. You will have to become a validator and maintain your node alive. This is becoming an obstacle in reaching a threshold number of validators to move ahead on December 1.

The system requirements for a PoS node are quite high. Not every ETH holder has a dedicated computer equipped by a 7-core processor and 8GB of RAM. Investors would throw 529K coins into the ETH 2.0 deposit contract even within an hour, but most of them do not want to validate transactions. PoS miners will be penalized if their node is not online 24/7, so they are currently refraining from sending 32 ETH. My guess is that the launch of the ETH 2.0 Genesis block will be postponed.

yeah as you need more pc then recommended and even with good ups/generator backup you can still lose your internet due to a storm.

So if you stake for Two years and are down for 1 week of the 104 weeks how much punishment happens to you.

I have good gear. But I have had two blackouts. My generator kept my house power going but my cable company did not keep up the cable or the internet. So I lost the net for six days. Even though I had power.

I would never never never stake for 2 years. But thats me.

Btw. show me any longterm stake of any coin that has worked well.

Ie. held its value
and paid 5% interest.

So if you stake for Two years and are down for 1 week of the 104 weeks how much punishment happens to you.

As per Vitalik's tweet, 60% uptime is fine to remain profitable. (Source:https://twitter.com/VitalikButerin/status/1324669133326184449)

yeah as you need more pc then recommended and even with good ups/generator backup you can still lose your internet due to a storm. I have good gear. But I have had two blackouts. My generator kept my house power going but my cable company did not keep up the cable or the internet. So I lost the net for six days. Even though I had power.

I face extremely frequent power breakout at the place where I live and that's what refraining me from hosting a validator node. But but but ... you can utilize VPS (DigitalOcean, AWS, GCP) with 6-core CPU, 16GB RAM and 1TB SSD. From looking at the current number of validators, I don't think everyone would have purchased a required hardware system and if they haven't, they would have routed to VPS, I guess.

Btw. show me any longterm stake of any coin that has worked well.
Ie. held its value
and paid 5% interest.

None were strong enough and ETH doesn't need an introduction in crypto space. If you think of ETH being holding its value, we can only see upwards considering historical ETH value. So, if you are a long term holder, I can see the system requirement for hosting a validator node is the only barrier for normal users. (except stacking of 32 ETH)

[kbhutto]

I am not left behind with the latest news regarding ETH developments, I set aside my monthly money just to buy ETH, I hope that the development of ETH 2.0 that Vitalik is doing can go well.  From the graph, it can be seen that the development of ETH price increasing, this of course gets a positive response from crypto player.

[Atang Sulaeman]

If I have a lot of ETH, obviously I will definitely follow it to become a validator, with all the risks I will definitely face, and if the computer and electricity are sufficient too, because the computer work system must be kept alive and must not die.

[lifeOK]

The minimum requirement of 32 ETH staking under the suggest Ethereum 2.0 contract as to become validator and others rules and regulation will be required. High requirement for me but indeed very good initiative who are gonna support this, I just wish positive impact over the ethereum market.

[aioc]

If I could I will too 32 Ethereum for staking is just to good to make a profit, the most that I can come out now if I convert all my assets to Eth is 4 Ethereum it's a long way, but I read that there will be staking pool I might join this staking pool but I'd like to see the profitability and the risk of these pools.

[covfefe_]

Don't panic if you can't afford 32 ETH. Binance has already announced ETH staking pool where they would only take 0.5% of the rewards and give everything else to the users. It could be more profitable and hassle free than hosting a node yourself and even the small investors can take part in it. Though it would not be a good news for decentralization but most people here are for profit than for decentralization.

[Ozero]

CZ binance tweet made me want to collect more eth, because eth 2.0 is coming soon now it's at the ETH2 deposit contract launch, anyone can participate in eth staking with the condition of depositing 32 eth.
In a cz tweet he said ("" I might buy 32 #ETH, just for the cause. Not financial advice. Just supporting ETH development "")

The Binance blog also discusses ETH 2.0 you can read here

https://www.binance.com/en/blog/421499824684901107/What-is-The-Potential-Impact-of-Ethereum-20-on-The-Derivatives-Market

For everyone who wants to spend 32 ETH on node creation. I would recommend reading this article first:
https://blockcast.cc/news/eth2-deposit-contract-released-how-to-pledge-your-eth-to-become-a-validator/
It is worth considering what specifications the computer you will be using to install the node should have. You will also need it to work continuously and have a stable signal from the Internet. Otherwise, you will be fined for every downtime.

I first became interested in this opportunity of depositing 32 ETH in order to get 15 percent of the profit in this coin.  However, this will not be regular staking.  The technical requirements are too strict for this.  I think that such conditions will not suit me.  I'm a little disappointed.
Surely, over time, simpler conditions for staking in ETH will arise.  Some of these options are already offered here.

[optimisticcm]

CZ binance tweet made me want to collect more eth, because eth 2.0 is coming soon now it's at the ETH2 deposit contract launch, anyone can participate in eth staking with the condition of depositing 32 eth.
In a cz tweet he said ("" I might buy 32 #ETH, just for the cause. Not financial advice. Just supporting ETH development "")

The Binance blog also discusses ETH 2.0 you can read here

https://www.binance.com/en/blog/421499824684901107/What-is-The-Potential-Impact-of-Ethereum-20-on-The-Derivatives-Market

Looks like binance is definitely interested in creating an Eth staking pool that is why the owner of binance is tweeting to create awareness about eth staking. I hope they will also introduce eths taking for small investors so that eceryone can gain from pos algorithm of eth 2.0.

[Lizzylove1]

It will be nice to join validators, but it's a game for the rich POS favours who own more money, since this will eventually mean low fee for ethereum network and increased transaction confirmation time, it's okay, trading on uniswap and other DEX with outrageous gas fee and sometimes end failing with my gas fee still been taken is madness.

[Octular]

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.

Won't there be staking pools ou can enter into in order not to have to put in 32 ETH?

Had no idea about th two year lockin. That's wy to long in the crypto space, things are happening to fast.

[yohananaomi]

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.

Won't there be staking pools ou can enter into in order not to have to put in 32 ETH?

Had no idea about th two year lockin. That's wy to long in the crypto space, things are happening to fast.

At times like this, of course you have to have confidence and most importantly, there is no small amount of capital with situations and circumstances that I think are quite difficult. for me, maybe it's just a dream just to see that, but some of those who have a lot of capital and are capable of being able to entrust everything with full confidence is a natural thing.

I can only hear the next news how and what happened, because that is the only ability that exists in me.

[FontSeli]

I first became interested in this opportunity of depositing 32 ETH in order to get 15 percent of the profit in this coin.  However, this will not be regular staking.  The technical requirements are too strict for this.  I think that such conditions will not suit me.  I'm a little disappointed.
Surely, over time, simpler conditions for staking in ETH will arise.  Some of these options are already offered here.

Personally for me the conditions are complicated not by the technical characteristics of the computer. I can not provide it twenty-four-hour and uninterrupted work for two years. ISPs do not give any guarantee that there will be no interruption of communication channel. Of course, I can rent a dedicated server to set up a node there, but the rent will eat up part of the profit.

[Inkdatar]

I am not left behind with the latest news regarding ETH developments, I set aside my monthly money just to buy ETH, I hope that the development of ETH 2.0 that Vitalik is doing can go well.  From the graph, it can be seen that the development of ETH price increasing, this of course gets a positive response from crypto player.

This is good to know that you acquire Eth and if my funds are permitted I’ll buy more also. When CZ Binance announced he buy 32 eth to support the ethereum development for sure many crypto users buy ethereum to hold in their wallet. I’m positive that ethereum will pump soon because of this upgrade announcement.

[Coin-1]

The system requirements for a PoS node are quite high. Not every ETH holder has a dedicated computer equipped by a 7-core processor and 8GB of RAM. Investors would throw 529K coins into the ETH 2.0 deposit contract even within an hour, but most of them do not want to validate transactions. PoS miners will be penalized if their node is not online 24/7, so they are currently refraining from sending 32 ETH. My guess is that the launch of the ETH 2.0 Genesis block will be postponed.

yeah as you need more pc then recommended and even with good ups/generator backup you can still lose your internet due to a storm.

So if you stake for Two years and are down for 1 week of the 104 weeks how much punishment happens to you.

I have good gear. But I have had two blackouts. My generator kept my house power going but my cable company did not keep up the cable or the internet. So I lost the net for six days. Even though I had power.

I know you as a professional PoW miner. You probably wouldn't want to mine Bitcoin until your power company supplies your house because ASICs consume a lot of electricity. Or perhaps you use your generator all the time.

I heard that Ethereum PoS miners can skip 3 weeks after their join, but staking will remain net-profitable. ETH 2.0 is a fairly complex algorithm. The APR will depend on many factors such as the percentage of validators that are currently online, etc.

Obviously, PoS miners need to have a backup Internet Service Provider (preferably a 4G modem) to check blocks during blackouts in their area.

[fortunecrypto]

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!

Over $500 right now, it's getting expensive as we move on to the next all-time high, Bitcoin reaches another all-time high Ethereum could be worth $600 or $700 by then, if you have the means no problem in getting 32 ETH, people already planned to join the staking when Ethereum was trading at $200, these are the lucky guys I wish I have the means back then, I will opt for a pool maybe if I see it's potential.

[SistaFista]

Unfortunately 32 ETH is a big amount for some people, but i don't know if there will be some pools for staking Ethereum in the future.
Maybe with the pool, people can put their ETH to be able to staking in the network if they can't afford to buy 32 ETH.
The price of the Ethereum keep increasing recently, i think it is because ETH 2.0 is near.

[maldini]

Ethereum in light of the fact that each and every individual who needs to turn into a validator is needed to store their 32 eth and it will hold for a very long time meaning the flexibly of eth will diminish. It will just depend of how much premium they can acquire yearly by staying it in the wallet . In the event that it's just little premium I surmise many still favor eth to exchange than to stakes where they can just acquire fixed sum in marking.

[kapalmabur]

CZ is really amazing, he already predicted that Ethereum will peak and break through resistance,
he dares to invest 32 ETH in Ethereum, I say very lucky if some people follow CZ to buy Ethereum,
congratulations Ethereum reaches $ 600!

[bittick]

Not that I'm being overly skeptic to CZ's statement but buying for the cause not for "finance" is the privilege of the rich and CZ is rich. Buying 32ETH for average joe like us gonna empty our wallet so it's better planned perfectly and we should forecast whether it's gonna be really profitable in the upcoming years.
I would definitely take his statement with grain of salt though, not that he pursue people into staking 32ETH. But, I think it's more worth it for us to join staking pool instead of staking individually. less things to take care of and still gains us profit.