Ethereum PoW going down to 0.60 ETH per block

in #ethereum4 years ago

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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Great article and very informative, thanks for sharing. I've smashed the upvote button for you!

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Thank you for the information

I don't understand what this post is talking about

But i think ethereum is rising

i invested at 300€ and now at 500€

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?

Interesting information friend greetings thanks

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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?😵

Wait. It ill grow uppo....

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Since you have enough Steempower, I wish you spend them by flagging all my blogs! I'll setup more Steemit accounts in order to allow you spend your Steempower!
Please remember: Every time you flag other people's blogs, you just waste your own Steempower! My accounts are zero! I can set up a lot of empty Steemit accounts! I love to play with wealthy Steemians like you @ipromote! The play of poor people and rich people are most wonderful! Most of wealthy people just keep away from poor people! Only you love to keep in touch with poor people! Thank you so much!