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So is the price of Ethereum going to go up a load now since you don’t need to buy GPUs, you just buy Ethereum itself?
by ShaneMcGowan 4y ago
So is the price of Ethereum going to go up a load now since you don’t need to buy GPUs, you just buy Ethereum itself?
- cmckn 4y agoI'm not sure how the incentives will play out. It takes $60k at the time of writing to become a validator, and they've yet to implement the mechanism to exit your stake; so I think there will be some hesitancy to become one. The more validators there are, the worse odds that yours will be chosen to handle a block; and I believe as the number of validators increases the reward per block also decreases (though it's been a while since I read the proposal).
- DennisP 4y agoNot too much hesitancy, there's already about 12% of the current supply of ETH on the proof-of-stake network.