/biz/ - Business & Finance

NOOOOOOOOO

>>29100379
>up to 7.5%
Peanuts.

>>29100486
This. Why so low?

Nice. So if you have a 32eth suicide stack youll earn $24,000 per year when eth hits $10k

>>29101888
This is why we are going to have a correction in future - or Fiat will be devalued heavily in future. It simply makes no sense that the average person could make a living simply from staking ETH.

>>29102057
How much ETH should I buy RIGHT now? I am a poorfag.

>>29102057
Fucking what? Why? If ETH costs 10k ea, it would cost you 320k to get that return. You can invest much less than 320k in equipment to make more than 24k in a year.

>>29102137
Atleast 32

>>29101245
coinbase takes 25%

>>29102057
>average person
$320k node
>could make a living simply from his investments
ftfy

>>29100379
Will 2.0 even fix gas fees?

>>29102243
I definitely can't afford that. I can afford $32 worth though. Is that better than nothing? I already put $200 into BTC yesterday.

I still have no fucking idea what staking means

>>29102057
>7.5% return on volatile asset endangers world economy

um no sweetie

When ETH2

>>29102453
Using that $200 you might be able to afford to make a Swap on Eth.

>>29100379
ETH IS AN OLD SHITTY BLOCKCHAIN THAT WILL BE REPLACED BY THE COMPETITION

is coinbase gonna do link staking u think

>>29102541
I don't know what that means y'know mate.

>>29100379
>earn UP TO
niggers falling for it.

>>29102705

it means convert BTC to ETH or sell your BTC and buy ETH with it

>>29102328
Fees will get more expensive! Everyone will just be staking and fighting over fees

>>29102459
In theory it means you collateralize assets to economically disincentivize nodes from validating blocks in bad faith, as an alternative to using computational power and thus energy to do so, like it's currently done.

The only reason any of the competition thinks it’s better than ETH is because they are literal zombie chains that nobody uses and take centralized shortcuts so of course they’re faster and cheaper, ETH will still win out in the long run due to first mover advantage

>>29102459
Staking is the new mining. You are rewarded with ETH by having ETH and not moving it. This keeps the network stable for people who want to use ETH or tokens for transactions. The fees on those transactions being distributed to the stakers.

There is a minimum 32 ETH initial deposit BUT exchanges like normiebase will allow people to collectively pool their ETH and they’ll pay out most of the rewards (taking their own fee of course) to the stakers.

>>29102220
Lmfao 7.5% on the new money is fucking epic.
Everyone will need to invest. ETH will be a part of every cunts portfolio.

It's all over for fiat.

>>29102783
Oh right, thanks for that anon. Good to know. I think I'm gonna keep it as BTC though.

>>29100379
Only $8,000?

>>29103087
KuCoin gives you 10% with their ETH 2.0 program. My only regret in life is not apeing into eth in March to get my suicide stack. Could have had 32 easily but no I really wanted to BUY more link. Not that link was a bad choice

>>29100379
2k EOY

>>29100379
Whats the APR for staking 32 ETH on your own node? How much is coinbase taking? I only have 10 ETH and I make shit money so I probably won't make it to 32 before being priced out.

>>29102619
>he yells, for the 99th time this decade

>>29103660
ETH 2.0, so any schmuck in the US has to convert their ETH1 to ETH2, take the tax hit, and then stake?

>>29102619
just like nano replaced bitcoin right?

>>29100486
When you consider that normal bank accounts give you pretty much nothing and most of the other tokens that give higher payout don't have the stability of ETH, I'd say it's a good deal.

>>29100379
i'm unironically refusing to sign up

>>29103768
If I'm not mistaken, you make 10% with a node, and 7.5% with Coinbase staking. They get a 25% and you are able to stake without needing enough ETH for a node. WIN/WIN for the parties involved I think.

>>29102057
I mean the average person doesn't have $60,000 in ETH holdings and didn't buy in when ETH was five bucks.

>>29104980
Thanks, I joined the waitlist. I just hope the fucking BSC food ponzis don't ruin this for us all.

>>29104980
Coinbase is going to make a fucking killing holy shit.

I currently have my Eth on crypto.com making 5.5%. I'll have to move it to coinbase I guess for that extra money.

>>29104980
if you have your own node you can also get penalized ether if you don't do it right.

don't think your exposed to that if you use a pool

>Coinbase ETH2 staking waitlist is currently available in all US states except Hawaii and New York.

every fucking time

>>29100379
8k. Nah... Were doing 10k as EIP 1159 will begin the removal of the shitty miners and start the reign of stakers..

>>29100379
Why would I do this through coinbase and pay them a 25% fee for literally doing nothing when I can just stake my own God damn coins?

>>29104680
>>>29103660
>ETH 2.0, so any schmuck in the US has to convert their ETH1 to ETH2, take the tax hit, and then stake?
Its not a tax hit nigger. And your your not supposed to cash out dumb ass. You take a loan out against your assets to buy more crypto. Wealthy do this with houses and art. Why the fuck do you think the jews have all the money..? They never fuckin sell.

>>29103107
I'm making an average of $2,200 right now staking. When Ethereum doubles, I'll be making $4,400,00 a month. Thats nearly 60k a year. But with niggers dumping and suppressing ETHs value its a long climb. Cunt miners are the ones suppressing the value as they mine eth and sell it for btc. Once we get rid of these niggers were going to 20 fckn K. First step is EIP 1559. Within a few months.

Will I make it frens ? I want to stake all the ETH

>>29100379
Holy shit this is exciting

There was a line in Futurama that I keep thinking of.
A really wealthy judge says
>my bailiff tells me that a 'bank' is a building where poor people store money that isn't properly invested
And the more I think of it, the more true it seems. The idea of just having tons of cash sitting in a bank account seems very low IQ to me.

is there a date when eth2.0 is supposed to be released?

kraken already has this, and they take a smaller adminstration cut (15%)

So can someone explain to me what this means? What will happen to Etherieum when 2.0 is released? And will I be able to buy some ETH 2.0 in the early days even if I have no ETH?

>>29100379

Literal drooling normie here but is this a good idea

>>29107474
You will make it, but thanks to BNB.

>>29104764
>eth
>stable

you weren't here in 2018 were ya

>>29102705
Eth gas fees are $200 per tx

>>29107585
I hope someone answers your question. Also WTF I thought the ETH 2.0 was just a upgrade to ETH are you saying you actually have to sell your ETH for ETH 2.0 ? As in it is a whole separate coin ?

>>29108466
Thats what I'm wondering. I don't know. I just thought by the sounds of it like it'd be a whole new coin, but again I am a newfag retard and I am not to be trusted.

>>29100379
>no coinbase pro
ngmi

>>29108466
It is. No. No.
>>29107585
It means Coinbase is taking a 25% cut to let people stake their ETH on the 2.0 beacon chain using Coinbases nodes. 2.0 is released in stages, the final stage is merging 1.0 onto 2.0 as a shard. At that point, all ETH currently on the 1.0 network becomes ETH on the 2.0 network. You can "buy some ETH 2.0" whenever you want, even right now, using whatever currency your exchange of choice accepts.

>>29103697
EOD retard

>>29108733
TY anon & checked

>>29104764
ALGO