Soon ETH will go from Pow to Sharding Proof of Concept and you will need 32 ETH to make a validator, which will be pretty much a miner with around 5% ROI.
You will have to run a node of some kind and lock coins there so they can produce blocks and mine more coins.
This thing is gonna be called Casper so now if you hear about it.. dont think its about a friendly ghost.
Right now 32 ETH is around 8,813.12 United States Dollar but keep in mind it used to be $1,432.88 per ETH on ATH :)
So 45852$.. changes a perspective right ?
Markets
Notice how i was telling you to join Lbank before others and now its in top volumes. No ID needed and some cool coins inside.
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I thought you needed 1,500 ETH to be a validator. When did this change?
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You are right, i have also read this a while ago. For instance in this article posted in may this year they talk about needing 1500 eth. https://ambcrypto.com/how-become-ethereum-eths-casper-validator/
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I think i found the answer to your question:
Originally it was said to be about 1250 (https://blog.ethereum.org/2016/03/05/serenity-poc2/) but then the price of Ether started to rise and there was speculation that it would be set at 35 (EDIT: Currently plan is 32 minimum as per Mauve Paper - https://docs.google.com/document/d/1maFT3cpHvwn29gLvtY4WcQiI6kRbN_nbCf3JlgR3m_8/edit#) which is the last I heard. However to the best of my knowledge the actual amount isn't set in stone whilst they develop the final details. You can see the details on the latest specification on GitHub:
https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ
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Ah, thanks.
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No problem
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I love Casper!
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Eth will pump in future..
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Wow!
I think price of ETH will bounce soon as people will try to buy ETH and hold them to become a validator
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It would be nice to currently have but would need 29 & half more to reach that goal. Tough to buy one full coin now. Wish I had kept some of the ether I sold to buy other alt coins that are not doing all that well.
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Dear author, I really like your content! You’re writing in a very interesting manner!
I think my last post will also be interesting for you:
https://steemit.com/cryptocurrency/@cryptofrau/buddy-platforma-dlya-avtomatizacii-razrabotki
Please, upvote it! I’ve upvoted your in advance.
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@kingscrown, you are interested in reading, maybe you read me too
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Thanks for the heads up @kingscrown!
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It is difficult for ordinary folks to buy so much.
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Nice post, thanks for sharing please
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Don't have nowhere near that ethereum and I'm not in a position to buy. I still like the protocol so I'll hold my ETH and wait for the price to rise.
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whats important feature in Lbank by the way?
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It's not a bad moment at all to buy ethereum right now with all the recent fud. But most altcoins are now at a bottom and worth buying. I wouldn't put everything in ethereum if your into smart contracts also get some neo.
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Although I have no hopes of having that much Ethereum anytime soon but I can certainly appreciate this important piece of information. Thanks man :-)
And yes, the change in value of the Ethereum (and most of the other coins) is certainly something that puts things in perspective. This market is a huge buying opportunity
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