Ethereum PoW going down to 0.60 ETH per block
The Hybrid Casper upgrade is planned to take place by the end of the summer. At that point the block rewards will drop form 3 ETH per block to 0.60 ETH per block. When factoring in staking, it should be around 0.82 ETH per block based on the 5% staking interest.
This release will be a hybrid Proof of Stake and Proof of Work and is the first step until they go full Proof of Stake.
“The security of the chain is greatly shifted from PoW difficulty to PoS finality and because rewards are now issued to both validators and miners.”
EIP 1011: Hybrid Casper FFG
Once Ethereum goes full Proof of Stake, the per block rate will be as low as 0.22 ETH per block. Putting it far less inflationary than Bitcoin.
To participate in the staking, you will need 1500 ETH, or around $900,000 USD currently.
You can read the full specification here.
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That's an insanely huge amount for staking kek, I guess I won't be doing any staking.
Do you think miners will stop doing Ether?
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Interesting information friend greetings thanks
I don't understand what this post is talking about
But i think ethereum is rising
i invested at 300€ and now at 500€
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Thank you for the information
So basically this change should make ETH rise preety hard.Price should go up if mining it will be much more difficult right?Or am I getting something wrong?😵