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My suspicion is that Ethereum got so popular because there were so many ways to make money from it. Basically a cash cow for developers and miners. Does anyon
by swamp40 4y ago
My suspicion is that Ethereum got so popular because there were so many ways to make money from it. Basically a cash cow for developers and miners.
Does anyone know where the money making opportunities will shift to with POS? Block builders? Validators? I suspect the amount of money to be made through MEV will dramatically decrease.
- spaceman_2020 4y agoThe money making opportunities will be in waiting for the next bullrun, then just forking the biggest ongoing trend onto a new and upcoming chain. You don't have to create anything of lasting value. Just time the market and you can make wild money without doing any real work.
- stiltzkin 4y agoDon't have the numbers here but last I read you can retire staking with just 3 validators.
- tyrust 4y agoThis site has a calculator: https://www.stakingrewards.com/earn/ethereum-2-0/ https://www.stakingrewards.com/earn/ethereum-2-0/ Running three of your own validators gets you $7,333 a year. You'd have to be in a pretty low cost of living area for that to work.
- dannyw 4y ago1. Yield is increasing to 7% - 12% after the merge, as validators will now earn transaction fees, and MEV if configured. This increases it to approx $18k a year. 2. This is assuming 1 ETH = $1650. If the Ethereum price doubles (but still under the ATH), you'd be at $36k a year; not enough for Cali or NYC (perhaps if you own your home?) but certainly fine for cheaper COL states.
- bee_rider 4y agoHow involved is running a validator? If it can just run off in the corner -- living somewhere cheap and doing small scale contracting for fun or whatever could be a neat lifestyle.