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That's my point though, after the merge the proof of stake nodes are earning a lot of ETH for a fraction of the previous cost, the only way price should stay st
by fizzynut 4y ago
That's my point though, after the merge the proof of stake nodes are earning a lot of ETH for a fraction of the previous cost, the only way price should stay stable is if everyone with a stake agrees not to undercut each other.
- whatshisface 4y ago>earning a lot of ETH for a fraction of the previous cost That will only be true if mining is a significant contributor to the availability of ETH. Instead, I think that most ETH comes from sellers of existing tokens rather than miners.
- T0Bi 4y agoThe rewards are decreasing as well. Issuance is reduced by 90% from currently ~13k ETH/Day to 1600 ETH /Day.
- skybrian 4y agoHow do you know it's a "fraction of the previous costs?" You do need to buy ETH instead of hardware. I did some quick searches and got varying interest rates, so I'm not sure what the expected return is.