how fast do you earn ETH by staking?

[philipma1957]

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.

I agree but worse yet eth has crashed vs dollar.

 eth was 4000 in may 2021 it is 1880 now.

Eth was 2500 in feb 2022 it is  1880.

so 40 x 4000   = 160,000
and 28 x 2500 =  70,000
total $ value invested = 230,000

coins are 68 x 1850 = 125,800.

3.75% x 68 = 2.55 coins a year or maybe 5 coins or maybe 9250 cash

so if he cashes in 125,800 + 9250 = 135,050

230,000 = 135,050 he has a long way to break even.

As for the USD if you live in the USA and it hyper inflates the country will fall apart.

Hyperinflation means

50% per month.

https://www.investopedia.com/terms/h/hyperinflation.asp

"What Is Hyperinflation?
Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation measures the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.'

SO  may 2021 1 dollar for a dozen eggs means

June 2021 >>>>>   1.50
July. 2021 >>>>>   2.25
August 2021 >>>    3.37
Sept 2021 >>>>     5.06
Oct  2021 >>>>>   7.59
Nov 2021 >>>>> 11.38
Dec 2021 >>>>> 17.07

Jan 2022 >>>>> 25.60
Feb 2022 >>>>> 38.40
Mar 2022 >>>>> 57.61
Apr 2022 >>>>> 84.41
May 2022 >>>> 129.62
June  194.43
July   291.65
Aug   437.48
Sept  656.20
Oct   984.34
Nov 1476.51
Dec 2214.76

Jan   3322.14
Feb   4983.22
Mar   7474.83
Apr 11212.24            this would be todays price of eggs if we had hyperinflation I saw eggs at 3.99 this week

if you live in the USA and are planning for hyperinflation you should be

1) buying food the keeps for years
2) putting in solar with off grid battery ability
3) own an all electric car
4) lots of guns and ammo

Frankly if the USA were to suffer real hyperinflation we have 400 million guns.  A shit ton of people would be shooting each other.

As for Eth and staking. I rather be staking I bonds but the limit is 10 k a year.

Staking eth at 1850 a coin on coinbase is fine, but also think about some I bonds = For USA citizens only

[chup]

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  

This! --------------------------------------------------------------------------------------------------------------------------^

[DrX]

Code:

I agree but worse yet eth has crashed vs dollar.

 eth was 4000 in may 2021 it is 1880 now.

Eth was 2500 in feb 2022 it is  1880.

so 40 x 4000   = 160,000
and 28 x 2500 =  70,000
total $ value invested = 230,000

coins are 68 x 1850 = 125,800.

3.75% x 68 = 2.55 coins a year or maybe 5 coins or maybe 9250 cash

so if he cashes in 125,800 + 9250 = 135,050

230,000 = 135,050 he has a long way to break even.

As for the USD if you live in the USA and it hyper inflates the country will fall apart.

Hyperinflation means 

50% per month. 

https://www.investopedia.com/terms/h/hyperinflation.asp

"What Is Hyperinflation?
Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation measures the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.'

SO  may 2021 1 dollar for a dozen eggs means

June 2021 >>>>>   1.50
July. 2021 >>>>>   2.25
August 2021 >>>    3.37
Sept 2021 >>>>     5.06
Oct  2021 >>>>>   7.59
Nov 2021 >>>>> 11.38
Dec 2021 >>>>> 17.07

Jan 2022 >>>>> 25.60
Feb 2022 >>>>> 38.40
Mar 2022 >>>>> 57.61
Apr 2022 >>>>> 84.41
May 2022 >>>> 129.62
June  194.43
July   291.65
Aug   437.48
Sept  656.20
Oct   984.34
Nov 1476.51
Dec 2214.76

Jan   3322.14
Feb   4983.22
Mar   7474.83
Apr 11212.24            this would be todays price of eggs if we had hyperinflation I saw eggs at 3.99 this week

if you live in the USA and are planning for hyperinflation you should be 

1) buying food the keeps for years
2) putting in solar with off grid battery ability
3) own an all electric car
4) lots of guns and ammo

Frankly if the USA were to suffer real hyperinflation we have 400 million guns.  A shit ton of people would be shooting each other.

As for Eth and staking. I rather be staking I bonds but the limit is 10 k a year.

Staking eth at 1850 a coin on coinbase is fine, but also think about some I bonds = For USA citizens only
[/quote]

Yeah, really 2 years ago you should have been buying eggs... price has gone up 300%, USD would have been bad and ETH has been even worse

[OgNasty]

It's easy to look at the math and what has happened in the markets and call ETH staking dumb...  It's not like Bitcoin has done much better...  Personally, I had no intention of ever owning ETH and found myself with some (not a ton) that had accumulated through various means over the years.  I started staking it because why not?  Would I have been better off selling everything at the exact top, sure.  Is that realistic?  No.  I believe that ETH will return and hit new highs again someday.  Maybe then when you look back you'll realize that you weren't making a couple hundred bucks a month, but a couple thousand.  At that point it will look dumb not to have staked.

Crypto is fun.  Do all the things.  Stake.  Mine.  Spend.  Stack.  Do it all!  Just don't try to make money trading it back and forth. 

[swogerino]

It's easy to look at the math and what has happened in the markets and call ETH staking dumb...  It's not like Bitcoin has done much better...  Personally, I had no intention of ever owning ETH and found myself with some (not a ton) that had accumulated through various means over the years.  I started staking it because why not?  Would I have been better off selling everything at the exact top, sure.  Is that realistic?  No.  I believe that ETH will return and hit new highs again someday.  Maybe then when you look back you'll realize that you weren't making a couple hundred bucks a month, but a couple thousand.  At that point it will look dumb not to have staked.

Crypto is fun.  Do all the things.  Stake.  Mine.  Spend.  Stack.  Do it all!  Just don't try to make money trading it back and forth. 

I think the people who found themselves with a decent amount of Ethereum done the right thing staking but as I said before they would be making much more if they converted to another coin like Zilliqa for example and Atomic Wallet has the built in exchange with the lowest fees so far so it is a good option.I am not saying that people who staked Ethereum have done wrong,they could have simply earned more if they converted ETH to another coin,in the end I strongly agree with you as I am doing the exact things,staking ZIL,mining RTM,ETH,ETC and ZIL,spending some of them,playing casino when I feel for it,in other words I am enjoying crypto to the fullest.

[OgNasty]

It's easy to look at the math and what has happened in the markets and call ETH staking dumb...  It's not like Bitcoin has done much better...  Personally, I had no intention of ever owning ETH and found myself with some (not a ton) that had accumulated through various means over the years.  I started staking it because why not?  Would I have been better off selling everything at the exact top, sure.  Is that realistic?  No.  I believe that ETH will return and hit new highs again someday.  Maybe then when you look back you'll realize that you weren't making a couple hundred bucks a month, but a couple thousand.  At that point it will look dumb not to have staked.

Crypto is fun.  Do all the things.  Stake.  Mine.  Spend.  Stack.  Do it all!  Just don't try to make money trading it back and forth. 

I think the people who found themselves with a decent amount of Ethereum done the right thing staking but as I said before they would be making much more if they converted to another coin like Zilliqa for example and Atomic Wallet has the built in exchange with the lowest fees so far so it is a good option.I am not saying that people who staked Ethereum have done wrong,they could have simply earned more if they converted ETH to another coin,in the end I strongly agree with you as I am doing the exact things,staking ZIL,mining RTM,ETH,ETC and ZIL,spending some of them,playing casino when I feel for it,in other words I am enjoying crypto to the fullest.

I am barely willing to hold Ethereum.  I can tell you that I have no desire whatsoever to hold Zilliqa or RTM, or any coin that I don't have a need for.  I actually find myself from time to time needing ETH to buy things I want to own.  Even MATIC I hold some to use for metaverse stuff or cheap NFT transactions when I'm playing around in web3.  I've never found myself having a need for ZIL or RTM...  Seems like their main purpose is probably to get people to part with their ETH or BTC to own a useless coin.  Maybe you have a use for such things, but I don't care how much interest a coin pays when I don't need to use the coin for anything.  It's all just widgets unless it's for a purpose and I doubt anyone is using ZIL for anything other than trying to find a greater fool to sell it to at a profit.

[bitquad]

It's easy to look at the math and what has happened in the markets and call ETH staking dumb...  It's not like Bitcoin has done much better...  Personally, I had no intention of ever owning ETH and found myself with some (not a ton) that had accumulated through various means over the years.  I started staking it because why not?  Would I have been better off selling everything at the exact top, sure.  Is that realistic?  No.  I believe that ETH will return and hit new highs again someday.  Maybe then when you look back you'll realize that you weren't making a couple hundred bucks a month, but a couple thousand.  At that point it will look dumb not to have staked.

Crypto is fun.  Do all the things.  Stake.  Mine.  Spend.  Stack.  Do it all!  Just don't try to make money trading it back and forth.  

I think the people who found themselves with a decent amount of Ethereum done the right thing staking but as I said before they would be making much more if they converted to another coin like Zilliqa for example and Atomic Wallet has the built in exchange with the lowest fees so far so it is a good option.I am not saying that people who staked Ethereum have done wrong,they could have simply earned more if they converted ETH to another coin,in the end I strongly agree with you as I am doing the exact things,staking ZIL,mining RTM,ETH,ETC and ZIL,spending some of them,playing casino when I feel for it,in other words I am enjoying crypto to the fullest.

And then when you convert you have to pay taxes on it. Do I want to pay taxes on 100 ETH?! Hell no! I mined the ETH so I have to pay taxes on that already. I can deduct electrical and hardware costs.

Perhaps you live in an area where taxes are not an issue. I live in the USA and can't take that chance. Some might say move the ETH to a DEFI exchange and then convert. Well, you have to tell the IRS where that ETH went. You just cannot escape it.

So for me, it is better to leave the ETH as it was mined and stake it. I'll have to pay taxes on the yields.

EDIT: I believe I would not pay taxes on the staking yields until it is converted to USD or another cryptocurrency.

[bitquad]

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.

I agree but worse yet eth has crashed vs dollar.

 eth was 4000 in may 2021 it is 1880 now.

Eth was 2500 in feb 2022 it is  1880.

so 40 x 4000   = 160,000
and 28 x 2500 =  70,000
total $ value invested = 230,000

coins are 68 x 1850 = 125,800.

3.75% x 68 = 2.55 coins a year or maybe 5 coins or maybe 9250 cash

so if he cashes in 125,800 + 9250 = 135,050

230,000 = 135,050 he has a long way to break even.

As for the USD if you live in the USA and it hyper inflates the country will fall apart.

Hyperinflation means

50% per month.

https://www.investopedia.com/terms/h/hyperinflation.asp

"What Is Hyperinflation?
Hyperinflation is a term to describe rapid, excessive, and out-of-control general price increases in an economy. While inflation measures the pace of rising prices for goods and services, hyperinflation is rapidly rising inflation, typically measuring more than 50% per month.'

SO  may 2021 1 dollar for a dozen eggs means

June 2021 >>>>>   1.50
July. 2021 >>>>>   2.25
August 2021 >>>    3.37
Sept 2021 >>>>     5.06
Oct  2021 >>>>>   7.59
Nov 2021 >>>>> 11.38
Dec 2021 >>>>> 17.07

Jan 2022 >>>>> 25.60
Feb 2022 >>>>> 38.40
Mar 2022 >>>>> 57.61
Apr 2022 >>>>> 84.41
May 2022 >>>> 129.62
June  194.43
July   291.65
Aug   437.48
Sept  656.20
Oct   984.34
Nov 1476.51
Dec 2214.76

Jan   3322.14
Feb   4983.22
Mar   7474.83
Apr 11212.24            this would be todays price of eggs if we had hyperinflation I saw eggs at 3.99 this week

if you live in the USA and are planning for hyperinflation you should be

1) buying food the keeps for years
2) putting in solar with off grid battery ability
3) own an all electric car
4) lots of guns and ammo

Frankly if the USA were to suffer real hyperinflation we have 400 million guns.  A shit ton of people would be shooting each other.

As for Eth and staking. I rather be staking I bonds but the limit is 10 k a year.

Staking eth at 1850 a coin on coinbase is fine, but also think about some I bonds = For USA citizens only

Bitcoin also crashed against the dollar. It was $68,763 and now it is $29,441.

Let's see:

29,441 / 68,763 = 0.428
1,915 / 4,896 = 0.391

So yes, BTC has slightly outperformed ETH from all-time high prices, no doubt helped by Gary Gensler with his BS.

I am bullish on ETH. This is a Bitcoin Forum, so some people here hate Ethereum. I get it.

The tokenomics of ETH is better than BTC at the moment. It is deflationary. And what will happen with Bitcoin when miners receive a pittance in BTC for their mining efforts? Will fees support them? I see problems with Bitcoin's structure in the long run.

[swogerino]

It's easy to look at the math and what has happened in the markets and call ETH staking dumb...  It's not like Bitcoin has done much better...  Personally, I had no intention of ever owning ETH and found myself with some (not a ton) that had accumulated through various means over the years.  I started staking it because why not?  Would I have been better off selling everything at the exact top, sure.  Is that realistic?  No.  I believe that ETH will return and hit new highs again someday.  Maybe then when you look back you'll realize that you weren't making a couple hundred bucks a month, but a couple thousand.  At that point it will look dumb not to have staked.

Crypto is fun.  Do all the things.  Stake.  Mine.  Spend.  Stack.  Do it all!  Just don't try to make money trading it back and forth.  

I think the people who found themselves with a decent amount of Ethereum done the right thing staking but as I said before they would be making much more if they converted to another coin like Zilliqa for example and Atomic Wallet has the built in exchange with the lowest fees so far so it is a good option.I am not saying that people who staked Ethereum have done wrong,they could have simply earned more if they converted ETH to another coin,in the end I strongly agree with you as I am doing the exact things,staking ZIL,mining RTM,ETH,ETC and ZIL,spending some of them,playing casino when I feel for it,in other words I am enjoying crypto to the fullest.

And then when you convert you have to pay taxes on it. Do I want to pay taxes on 100 ETH?! Hell no! I mined the ETH so I have to pay taxes on that already. I can deduct electrical and hardware costs.

Perhaps you live in an area where taxes are not an issue. I live in the USA and can't take that chance. Some might say move the ETH to a DEFI exchange and then convert. Well, you have to tell the IRS where that ETH went. You just cannot escape it.

So for me, it is better to leave the ETH as it was mined and stake it. I'll have to pay taxes on the yields.

EDIT: I believe I would not pay taxes on the staking yields until it is converted to USD or another cryptocurrency.

I don't pay taxes as I live in an area where sometimes there were laws banning any device mining cryptocurrencies,then permitting them,if police found such device they had the right to confiscate it and if not no one would say a thing,now no one says a thing about crypto as people here seem to have already forgotten the year of 2021 but I haven't so I continue mining as much as I can creating my stash of coins for the next bull run,when it will come to that people here will remember 2021 but I won't as I will convert the coins and make a fortune.

Yes for you that would be the most perfect use case,to mine it and stake it to get the benefits if you get to pay taxes for mining coins.