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Ethereum

Thargor

The fact that theres not even a thread yet says it all really, what is going on with ETH? Its completely stuck around $300. Are all the ICOs liquidating at this level or something? All the momentum seems to have fallen away. I have about 50% left compared to when I started with it and tempted to dump everything and wait and see what happens with BTC.

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unkel

dirk_dangler wrote: »

€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.

Bruno Mannheim

dirk_dangler wrote: »

€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

dirk_dangler

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

stockshares

stockshares wrote: »

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

Thargor

Sorry if you don't want to answer but how much are you staking to get that 5.30?

Bruno Mannheim

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

rapul

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.

rapul

Thargor wrote: »

Is that 40 cent being paid back in ETH or BTC or Fiat?

Ethereum

Thargor

Is that 40 cent being paid back in ETH or BTC or Fiat?

rapul

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.

unkel

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

rapul

Ok so said I'd report back the interest.

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

Bruno Mannheim

Kraken also are doing staking up to 17%

rapul

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

stockshares

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.

rapul

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

makeorbrake

grindle wrote: »

Apparently ETH for $500+ is a better deal than ETH for $100, who knew?

grindle

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.

Thargor

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.

Lex Luthor

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

rapul

makeorbrake wrote: »

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

makeorbrake

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?

Thargor

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.

rapul

Seeing as Ethereum is back up might aswell dig this out, anyone staking the 32 ETH come December?!

grindle

Frozen Veg wrote: »

Does the technology have a future?

Yes. Ignore price action for a while, it's all silly games for now.

Frozen Veg

Badly needed.

Does the technology have a future?

Thargor

ETH getting interesting.

Thargor

grindle

https://www.coindesk.com/ey-nightfall-ethereum-enterprise-public-blockchain

Noice

grindle

stockshares wrote: »

What happens if you cant/dont provide 24/7 service. Are there penalties

Yep, your staked ETH will be leaked away if you're a bad validator, apparently equivalent to 5% over the course of a year. Don't be a bad validator.