ggbtctalk000 (OP)
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April 17, 2023, 01:51:45 AM |
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with 32 ETHs (minimum req-d) ~60000$, how fast do you earn by staking? any rough estimate? Is it highly variable? Is it competitive? I am totally pitch black in this.
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swogerino
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April 17, 2023, 07:10:50 AM |
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with 32 ETHs (minimum req-d) ~60000$, how fast do you earn by staking? any rough estimate? Is it highly variable? Is it competitive? I am totally pitch black in this.
No one knows exactly but it will be not very fast as with all the other staking services if you by fast mean a considerable amount.The ETH network only with the latest upgrade if I understood it correctly lets you withdraw any staked ETH or any rewards you got from this.I think this will be more clear in the near future but many sites that I have checked are pointing toward an average of 4.52% interest but none of them shows us the time,most probably because there is still not clear even in the ETH developers,so we have to wait to know it for sure at how fast,I am assuming that 4.52% to be yearly but that is just my assumption.
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safar1980
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April 17, 2023, 12:31:17 PM Last edit: April 18, 2023, 12:16:29 PM by safar1980 |
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with 32 ETHs (minimum req-d) ~60000$, how fast do you earn by staking? any rough estimate? Is it highly variable? Is it competitive? I am totally pitch black in this.
If you are pitch black in this, then consider mining. If you have expensive electricity, then buying equipment for mining the CHIA coin will give you a profit of more than 10% per year. And a small farm will not bother you with noise and require maintenance.
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batsonxl
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April 17, 2023, 03:21:34 PM |
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with 32 ETHs (minimum req-d) ~60000$, how fast do you earn by staking? any rough estimate? Is it highly variable? Is it competitive? I am totally pitch black in this.
If you are pitch black in this, then consider mining. If you have expensive electricity, then buying equipment for mining the CHIA coin will give you a profit of more than 10 per year. And a small farm will not bother you with noise and require maintenance. Last time i made calculation was: buying 16tb of hdd cost you lets say 200-300bucks. For that money you can buy bunch of chias that hdd will never mine next 10years.so why bother to mine it. Buy it for the money you wanted to buy hdd 😁
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dbshck
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with 32 ETHs (minimum req-d) ~60000$, how fast do you earn by staking? any rough estimate? Is it highly variable? Is it competitive? I am totally pitch black in this.
If you're still in the dark about ETH staking, I highly recommend reading the basics here: https://ethereum.org/en/staking/. Currently, the staking reward stands at 4.9% APR. Although the reward rate fluctuates depending on the number of validators (i.e., the amount of ETH currently staked), it's reasonable to expect that the current figures will remain relatively stable. In my opinion, staking ETH only makes sense if you are bullish on Ethereum; otherwise, the 4.9% APR may not seem appealing.
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yhiaali3
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April 17, 2023, 07:18:27 PM |
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I don't know exactly how much you can earn from staking 32 ETH, it's not that important because the reason they set this number as a minimum is to protect the network from centralization and not profit as it seems.
Also, those who do staking do not care about the returns they get at the present time, but most of them hold ETH in the long run, as it is expected that its price will reach 10k$ with the next bull.
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swogerino
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April 17, 2023, 09:07:52 PM |
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I don't know exactly how much you can earn from staking 32 ETH, it's not that important because the reason they set this number as a minimum is to protect the network from centralization and not profit as it seems.
Also, those who do staking do not care about the returns they get at the present time, but most of them hold ETH in the long run, as it is expected that its price will reach 10k$ with the next bull.
Good luck on getting 10.000 dollars on a coin that has moved from from PoW to Pos and even if it is the well known ETH it does not mean anything,people will soon realize that PoS coins are bullshit and are an obstacle to the true decentralization that PoW coins keep offering.Don't get me that wrong though,I would love to see such coin at 10.000 dollars as this will mean that most probably Bitcoin will be way above the 100.000 dollars mark and I would be a very happy person. For the staking part only people who agree with PoS will stake 32 Eth which is a huge amount in dollars to just get less than 5% in APY rewards as normal people can do better things with that huge amount of money.
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Bitcoin_Arena
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April 17, 2023, 10:29:55 PM |
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If you are pitch black in this, then consider mining. If you have expensive electricity, then buying equipment for mining the CHIA coin will give you a profit of more than 10 per year. And a small farm will not bother you with noise and require maintenance.
I don't think this is good advice for OP, though. Spending money to buying HDDs in order to mine very few CHIA coins as reward does not make sense at all. Worse still, as far as I remember, the storage disk drives get messed up in the long run. OP will have nowhere to sell them off, except maybe as scrap. I would rather advise OP is buy coins he feels bullish about with that money, transfer them to a hardware wallet and wait for the bull run in order to cash out some profits.
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safar1980
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April 18, 2023, 12:21:47 PM |
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If you are pitch black in this, then consider mining. If you have expensive electricity, then buying equipment for mining the CHIA coin will give you a profit of more than 10 per year. And a small farm will not bother you with noise and require maintenance.
I don't think this is good advice for OP, though. Spending money to buying HDDs in order to mine very few CHIA coins as reward does not make sense at all. Worse still, as far as I remember, the storage disk drives get messed up in the long run. OP will have nowhere to sell them off, except maybe as scrap. I would rather advise OP is buy coins he feels bullish about with that money, transfer them to a hardware wallet and wait for the bull run in order to cash out some profits. CHIA mining does not damage hard drives. The largest load on the hard disk is only during the hard disk preparation procedure, which is called plotting. The process requires minimal activity from hard drives, so power consumption is minimal. This is not the same load solver in which video cards work.
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OgNasty
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April 19, 2023, 09:29:30 PM |
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I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.
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bitquad
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April 20, 2023, 09:40:29 AM |
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What's your outlook on the dollar? If it hyperinflates do you think bonds would be a good idea?
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bitquad
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April 20, 2023, 09:47:47 AM |
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I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.
So far I have earned around 4.2 ETH via staking on Coinbase. I started staking in 2021. I plan on starting multiple solo staking with ETH. I am not interested in trading crypto because of the tax nightmare. I'd rather accumulate more ETH slowly via staking and pay taxes on the interest payouts. I personally am bullish about Ethereum and think it will go well above $10,000 eventually. It might even go to $180,000 - per Cathie Wood. Of course, Bitcoin would be at around $1 million or more. The way I see it the Ethereum supply is 6x the Bitcoin supply so it makes sense for Ethereum to eventually settle at 1/6 of the BTC price. A fair value ETH price with BTC at $29,000 is around $4,800. Ethereum is currently undervalued compared to Bitcoin. And we can thank Gary Gensler of course for that. https://ultrasound.money/
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bitquad
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April 20, 2023, 09:50:12 AM |
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I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.
We also don't want the interest rate to go too high so the ETH supply can actually deflate. https://ultrasound.money/
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OgNasty
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April 20, 2023, 07:45:54 PM |
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I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.
So far I have earned around 4.2 ETH via staking on Coinbase. I started staking in 2021. I plan on starting multiple solo staking with ETH. I am not interested in trading crypto because of the tax nightmare. I'd rather accumulate more ETH slowly via staking and pay taxes on the interest payouts. I personally am bullish about Ethereum and think it will go well above $10,000 eventually. It might even go to $180,000 - per Cathie Wood. Of course, Bitcoin would be at around $1 million or more. The way I see it the Ethereum supply is 6x the Bitcoin supply so it makes sense for Ethereum to eventually settle at 1/6 of the BTC price. A fair value ETH price with BTC at $29,000 is around $4,800. Ethereum is currently undervalued compared to Bitcoin. And we can thank Gary Gensler of course for that. https://ultrasound.money/Judging by that admission and looking at my interest rate proclamation I would assume that you have around 50 ETH staked then. Certainly a great deal of money and more than most here. That likely earns you around $300 a month in more ETH at current prices, which isn’t bad for doing nothing. I for one am glad to see earning expectations is crypto coming back down to reality.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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bitquad
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April 20, 2023, 10:36:41 PM |
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I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.
So far I have earned around 4.2 ETH via staking on Coinbase. I started staking in 2021. I plan on starting multiple solo staking with ETH. I am not interested in trading crypto because of the tax nightmare. I'd rather accumulate more ETH slowly via staking and pay taxes on the interest payouts. I personally am bullish about Ethereum and think it will go well above $10,000 eventually. It might even go to $180,000 - per Cathie Wood. Of course, Bitcoin would be at around $1 million or more. The way I see it the Ethereum supply is 6x the Bitcoin supply so it makes sense for Ethereum to eventually settle at 1/6 of the BTC price. A fair value ETH price with BTC at $29,000 is around $4,800. Ethereum is currently undervalued compared to Bitcoin. And we can thank Gary Gensler of course for that. https://ultrasound.money/Judging by that admission and looking at my interest rate proclamation I would assume that you have around 50 ETH staked then. Certainly a great deal of money and more than most here. That likely earns you around $300 a month in more ETH at current prices, which isn’t bad for doing nothing. I for one am glad to see earning expectations is crypto coming back down to reality. I staked 40 ETH (Max at the time) in May 2021. Then in February 2022 I added another 28 ETH. So for the past year, I staked 68 ETH on Coinbase. Coinbase takes a 25% admin fee. I have ETH on Binance also but not staking it currently. I can make more with solo staking but am then responsible for configuration, maintenance, updates, etc. As well as the electrical costs associated with the validator. I already have the hardware and I think the electrical costs should not be too bad. We occasionally lose internet and storm-related power outages once or twice yearly. Not sure if these outages would impact the validators much.
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swogerino
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April 24, 2023, 10:51:19 AM |
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I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.
So far I have earned around 4.2 ETH via staking on Coinbase. I started staking in 2021. I plan on starting multiple solo staking with ETH. I am not interested in trading crypto because of the tax nightmare. I'd rather accumulate more ETH slowly via staking and pay taxes on the interest payouts. I personally am bullish about Ethereum and think it will go well above $10,000 eventually. It might even go to $180,000 - per Cathie Wood. Of course, Bitcoin would be at around $1 million or more. The way I see it the Ethereum supply is 6x the Bitcoin supply so it makes sense for Ethereum to eventually settle at 1/6 of the BTC price. A fair value ETH price with BTC at $29,000 is around $4,800. Ethereum is currently undervalued compared to Bitcoin. And we can thank Gary Gensler of course for that. https://ultrasound.money/Judging by that admission and looking at my interest rate proclamation I would assume that you have around 50 ETH staked then. Certainly a great deal of money and more than most here. That likely earns you around $300 a month in more ETH at current prices, which isn’t bad for doing nothing. I for one am glad to see earning expectations is crypto coming back down to reality. Staking 50 ETH and getting 300 dollars monthly,I am pretty sure that amount could be used in a much better way,you can just convert 18 ETH so you don't lose the 32 needed as a minimum for staking,and stake the other coin,for example a good example would be Zilliqa with 15% yearly interest which would be somewhat better than 300 dollars a month.Only by doing a rough calculation,18 ETH is about 1.200.000 Zilliqa and 15% is 180.000 a year which a day would make about 14-15 dollars and near 450 dollars monthly without doing anything.It all depends on imagination when you have that much money at your disposal .
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sxemini
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April 24, 2023, 11:26:17 AM |
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I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.
So far I have earned around 4.2 ETH via staking on Coinbase. I started staking in 2021. I plan on starting multiple solo staking with ETH. I am not interested in trading crypto because of the tax nightmare. I'd rather accumulate more ETH slowly via staking and pay taxes on the interest payouts. I personally am bullish about Ethereum and think it will go well above $10,000 eventually. It might even go to $180,000 - per Cathie Wood. Of course, Bitcoin would be at around $1 million or more. The way I see it the Ethereum supply is 6x the Bitcoin supply so it makes sense for Ethereum to eventually settle at 1/6 of the BTC price. A fair value ETH price with BTC at $29,000 is around $4,800. Ethereum is currently undervalued compared to Bitcoin. And we can thank Gary Gensler of course for that. https://ultrasound.money/Judging by that admission and looking at my interest rate proclamation I would assume that you have around 50 ETH staked then. Certainly a great deal of money and more than most here. That likely earns you around $300 a month in more ETH at current prices, which isn’t bad for doing nothing. I for one am glad to see earning expectations is crypto coming back down to reality. I staked 40 ETH (Max at the time) in May 2021. Then in February 2022 I added another 28 ETH. So for the past year, I staked 68 ETH on Coinbase. Coinbase takes a 25% admin fee. I have ETH on Binance also but not staking it currently. I can make more with solo staking but am then responsible for configuration, maintenance, updates, etc. As well as the electrical costs associated with the validator. I already have the hardware and I think the electrical costs should not be too bad. We occasionally lose internet and storm-related power outages once or twice yearly. Not sure if these outages would impact the validators much. So you have over $100k on an centralized exchange, which can be hacked every time and this for an interest of $7k in 2 years? Not worth the risk There are much better and safer opportunities.
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bitquad
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April 25, 2023, 04:27:41 AM |
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I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.
So far I have earned around 4.2 ETH via staking on Coinbase. I started staking in 2021. I plan on starting multiple solo staking with ETH. I am not interested in trading crypto because of the tax nightmare. I'd rather accumulate more ETH slowly via staking and pay taxes on the interest payouts. I personally am bullish about Ethereum and think it will go well above $10,000 eventually. It might even go to $180,000 - per Cathie Wood. Of course, Bitcoin would be at around $1 million or more. The way I see it the Ethereum supply is 6x the Bitcoin supply so it makes sense for Ethereum to eventually settle at 1/6 of the BTC price. A fair value ETH price with BTC at $29,000 is around $4,800. Ethereum is currently undervalued compared to Bitcoin. And we can thank Gary Gensler of course for that. https://ultrasound.money/Judging by that admission and looking at my interest rate proclamation I would assume that you have around 50 ETH staked then. Certainly a great deal of money and more than most here. That likely earns you around $300 a month in more ETH at current prices, which isn’t bad for doing nothing. I for one am glad to see earning expectations is crypto coming back down to reality. Staking 50 ETH and getting 300 dollars monthly,I am pretty sure that amount could be used in a much better way,you can just convert 18 ETH so you don't lose the 32 needed as a minimum for staking,and stake the other coin,for example a good example would be Zilliqa with 15% yearly interest which would be somewhat better than 300 dollars a month.Only by doing a rough calculation,18 ETH is about 1.200.000 Zilliqa and 15% is 180.000 a year which a day would make about 14-15 dollars and near 450 dollars monthly without doing anything.It all depends on imagination when you have that much money at your disposal . Weren't the high-interest rates one of the reasons why Terra Luna failed? And Celsius? Zilliqa is up 588.19% the past 3 years. Ethereum is up 878.21% the past 3 years. So ETH has been outperforming ZIL. I do have some ZIL though. If ETH goes to $10k - $20k then 4% APY will be great. I plan on solo staking soon.
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bitquad
Member
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Activity: 148
Merit: 12
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April 25, 2023, 04:29:52 AM |
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I have some funds earning ETH on Coinbase at 3.72%. That means if you have 1 ETH sitting on Coinbase for a year, you’ll earn something like $6 worth of ETH per month. Not exactly retirement money but there’s also hope that the value of the ETH will increase giving you a gain and raising the amount of monthly interest you receive from staking.
So far I have earned around 4.2 ETH via staking on Coinbase. I started staking in 2021. I plan on starting multiple solo staking with ETH. I am not interested in trading crypto because of the tax nightmare. I'd rather accumulate more ETH slowly via staking and pay taxes on the interest payouts. I personally am bullish about Ethereum and think it will go well above $10,000 eventually. It might even go to $180,000 - per Cathie Wood. Of course, Bitcoin would be at around $1 million or more. The way I see it the Ethereum supply is 6x the Bitcoin supply so it makes sense for Ethereum to eventually settle at 1/6 of the BTC price. A fair value ETH price with BTC at $29,000 is around $4,800. Ethereum is currently undervalued compared to Bitcoin. And we can thank Gary Gensler of course for that. https://ultrasound.money/Judging by that admission and looking at my interest rate proclamation I would assume that you have around 50 ETH staked then. Certainly a great deal of money and more than most here. That likely earns you around $300 a month in more ETH at current prices, which isn’t bad for doing nothing. I for one am glad to see earning expectations is crypto coming back down to reality. I staked 40 ETH (Max at the time) in May 2021. Then in February 2022 I added another 28 ETH. So for the past year, I staked 68 ETH on Coinbase. Coinbase takes a 25% admin fee. I have ETH on Binance also but not staking it currently. I can make more with solo staking but am then responsible for configuration, maintenance, updates, etc. As well as the electrical costs associated with the validator. I already have the hardware and I think the electrical costs should not be too bad. We occasionally lose internet and storm-related power outages once or twice yearly. Not sure if these outages would impact the validators much. So you have over $100k on an centralized exchange, which can be hacked every time and this for an interest of $7k in 2 years? Not worth the risk There are much better and safer opportunities. Actually at current prices that's $7.5k. If ETH goes to ATH then that's $20k. It all depends on when you sell. I don't because I don't like complicated tax work.
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