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Ethereum

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Comments

  • Registered Users, Registered Users 2 Posts: 6,026 grindle
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  • Registered Users, Registered Users 2 Posts: 18,180 Thargor
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  • Registered Users, Registered Users 2 Posts: 18,180 Thargor
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    ETH getting interesting.


  • Registered Users, Registered Users 2 Posts: 513 Frozen Veg
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    Badly needed.

    Does the technology have a future?


  • Registered Users, Registered Users 2 Posts: 6,026 grindle
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    Frozen Veg wrote: »
    Does the technology have a future?
    Yes. Ignore price action for a while, it's all silly games for now.


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  • Registered Users, Registered Users 2 Posts: 1,040 rapul
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    Seeing as Ethereum is back up might aswell dig this out, anyone staking the 32 ETH come December?!


  • Registered Users, Registered Users 2 Posts: 18,180 Thargor
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    Cant believe it tbh, Im not staking anything, Ill be selling my stack and buying a house (adding it to the pile not making a house worth of profits!), not yet though.


  • Registered Users, Registered Users 2 Posts: 4,676 makeorbrake
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    rapul wrote: »
    Seeing as Ethereum is back up might aswell dig this out, anyone staking the 32 ETH come December?!

    I guess I will be. I've not looked into it yet - been busy with other things. Are you staking?


  • Registered Users, Registered Users 2 Posts: 1,040 rapul
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    I guess I will be. I've not looked into it yet - been busy with other things. Are you staking?

    Yeah tbh looking into it as the sons college fund down the line, think it's a good thing to leave it locked for a while, still have a week to decide I'll see might sell some first as Thargor has said


  • Registered Users, Registered Users 2 Posts: 11,220 Lex Luthor
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    whats the projected returns on staking ETH?

    Currently you are able to get about 40% staking ZIL
    21% returns in ZIL directly and the equivalent amount in gZil. gZil value fluctuates but as the supply will dry up in a year it could easily 3-4x the amount its worth in ZIL so the overall staking rewards could be > 100% in 1 year

    If ZIL takes off in the bull run which I fancy it to, this time next year, it could have been a very good move


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  • Registered Users, Registered Users 2 Posts: 18,180 Thargor
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    Is it just going to stay going to a grand?

    I am watching them all excited on Reddit as some staking thing slowly fills up to its quota, getting a bit of a "buy the rumor sell the news" vibe off it.


  • Registered Users, Registered Users 2 Posts: 6,026 grindle
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    Thargor wrote: »
    Is it just going to stay going to a grand?

    I am watching them all excited on Reddit as some staking thing slowly fills up to its quota, getting a bit of a "buy the rumor sell the news" vibe off it.

    Very likely to see a drop from November 30th onwards, unless people keep throwing money at it (although I think BTC has to break ATH for retail to FOMO suicide themselves in front of the crypto train again).
    A few mates who'd sworn off crypto by mid-2018 are now balls deep again. Apparently ETH for $500+ is a better deal than ETH for $100, who knew?
    Lex Luthor wrote: »
    whats the projected returns on staking ETH?

    They're projecting about 3% (aka 1 ETH per 32 staked) if 10% of supply is locked and validating, about 20% if it stays ~500k ETH locked up.

    You'd earn more elsewhere (lending), especially if you think like a miner who has costs and wants those costs paid off (at least) by the rewards, but I do think ETH is a future trillion cap unicorn whether it takes 5 years or 10, so I'll happily earn 1 ETH per validator per year, the lower yield also comes with less perceived risk in my mind, higher likelihood that it succeeds.


  • Registered Users, Registered Users 2 Posts: 4,676 makeorbrake
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    grindle wrote: »
    Apparently ETH for $500+ is a better deal than ETH for $100, who knew?
    :D


  • Registered Users, Registered Users 2 Posts: 1,040 rapul
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    Did anyone stake after?

    I did through Binance, no harm locking some up and see what happens I figured!

    Better return than an post savings hopefully haha


  • Registered Users, Registered Users 2 Posts: 2,760 stockshares
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    rapul wrote: »
    Did anyone stake after?

    I did through Binance, no harm locking some up and see what happens I figured!

    Better return than an post savings hopefully haha

    There an option to stake through the Argent Wallet using Lido but they take 10% of your 10%Apy .

    What are the returns on Binance.? Lending crypto can give you a better return imo.


  • Registered Users, Registered Users 2 Posts: 1,040 rapul
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    Hmm 10% is alot.

    From what I've gathered it varies from 5 to 20 percent depending on the numbers of validators rising over time, I'll see soon enough if its worth it or not. Binance have only started distribution of interest this month


  • Registered Users, Registered Users 2 Posts: 125 Bruno Mannheim
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    Kraken also are doing staking up to 17%


  • Registered Users, Registered Users 2 Posts: 1,040 rapul
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    Ok so said I'd report back the interest.

    Seems I'm getting roughly 40 cent a day on each ethereum at the moment.


  • Registered Users, Registered Users 2 Posts: 66,655 unkel
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    That's a very good interest rate. Is it compounded, so will you get the same percentage on day too of your (ETH holding + 40cent)? Even if not compounded, that's like about 12%

    Care to give us more details on that rapul? What's involved in setting that up? Is your ETH at any risk doing this (even theoretical)? What if the exchange gets hacked? Is your ETH locked in?

    My ETH is in my wallet. I would prefer not to send it to any exchange for obvious reasons of security and transaction costs. My main exchange is Kraken


  • Registered Users, Registered Users 2 Posts: 1,040 rapul
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    Hey man yeah im not sure I will let you know for sure either later today or tomorrow if its compounded interest ( I will be getting more) but from what I've gathered it is.

    And ok so yes my ether is locked in until the shard chains are implemented which could be 2 years or less, hopefully less but we'll see.

    You get a token for each ethereum locked called BETH and it sits in your spot account with the interest being added on everyday.

    Risk wise, I guess there is always risk but I chose Binance as its as trust worthy and does crash like others as much if at all, and hack wise being honest not much information, I took a punt and will see it it pays off but for now seems good.


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  • Registered Users, Registered Users 2 Posts: 18,180 Thargor
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    Is that 40 cent being paid back in ETH or BTC or Fiat?


  • Registered Users, Registered Users 2 Posts: 1,040 rapul
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    Thargor wrote: »
    Is that 40 cent being paid back in ETH or BTC or Fiat?

    Ethereum


  • Registered Users, Registered Users 2 Posts: 1,040 rapul
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    Ok so for Unkel mainly but the interest for last 3 days has been climbing up even with the cost going down, today I got more so seems good, basically at the moment in 3 days the return from 1 ether is just under 1 euro

    Or I'm getting just under 0.001 every 3 days on 1 if that's simpler.


  • Registered Users, Registered Users 2 Posts: 125 Bruno Mannheim
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    sorry for jumping on this ETH thread but currently getting about €5.30/day on Zilliqa staking at todays prices

    I've yet to find anything better at the moment

    Only thing is its not compounded daily, you have to claim your Zil and then stake it back where there is a small fee so I only do that every 6 weeks


  • Registered Users, Registered Users 2 Posts: 18,180 Thargor
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    Sorry if you don't want to answer but how much are you staking to get that 5.30?


  • Registered Users, Registered Users 2 Posts: 2,760 stockshares
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    There an option to stake through the Argent Wallet using Lido but they take 10% of your 10%Apy .

    What are the returns on Binance.? Lending crypto can give you a better return imo.

    If anyone did follow up on Lido they posted this earlier. You can stake also through a Curve Pool.

    https://twitter.com/LidoFinance/status/1351238195745345540?s=19


  • Registered Users, Registered Users 2 Posts: 609 dirk_dangler
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    Thargor wrote: »
    Sorry if you don't want to answer but how much are you staking to get that 5.30?

    €5.30 a day is currently 88 zil per day, i would guess he is staking approx €13,000 worth of Zil at 15% apr
    13000/100x15%=1950
    €5.30x365=1934


  • Registered Users, Registered Users 2 Posts: 125 Bruno Mannheim
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    €5.30 a day is currently 88 zil per day, i would guess he is staking approx €13,000 worth of Zil at 15% apr
    13000/100x15%=1950
    €5.30x365=1934

    the €5.30 may include the gZil reward aswell at current prices ;)


  • Registered Users, Registered Users 2 Posts: 66,655 unkel
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    €5.30 a day is currently 88 zil per day, i would guess he is staking approx €13,000 worth of Zil

    You'd make more with a mining rig costing a tiny fraction of that €13k. And less risk.


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  • Closed Accounts Posts: 1,544 EndaHonesty
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    unkel wrote: »
    You'd make more with a mining rig costing a tiny fraction of that €13k. And less risk.

    With all the current hype around ETH I would think it would be difficult to find a good ETH miner in stock anywhere, and the prices are understandably high.

    What do you think about Monero mining?


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