It is not enough to just buy 32 ETH and you become validator, things are more complicated than that.
First, your ETH will be locked for period of 2 years,and that is not insignificant at all.That means that you wont be able to get it back in case you want to seel.Once you send it to special contract adress,thats it.
Next thing,you will need decent computer to be abelt o run the node. Here are the recommended specifications
As you can see, computer will have to have UPS or uninterruptible power source because you will have to be online 24/7, 365 days per year. If not, you will get fine that will be deducted from that 32 ETH you deposited.
So obviously to become validator you will have to meet some technical requirements so this wont be for everyone, but those whho decide to join will get average 15% profit per year,which is good incentive.
With all this being set,I hope there will be some public pools that we will be able to join,for those like me who dont have 32 ETH or dont want to bother with all the other stuff needed to become validator.
First, your ETH will be locked for period of 2 years,and that is not insignificant at all.That means that you wont be able to get it back in case you want to seel.Once you send it to special contract adress,thats it.
Next thing,you will need decent computer to be abelt o run the node. Here are the recommended specifications
Quote from: https://blockcast.cc/news/eth2-deposit-contract-released-how-to-pledge-your-eth-to-become-a-validator/
Operating system : 64-bit Linux, Mac OS X, Windows
Processor : Intel Core i7-4770 or AMD FX-8310 (or better)
Memory : 8GB RAM
Storage space : 100GB solid state drive free space
Internet connection : Broadband Internet connection (10 Mbps)
Power supply : Uninterruptible power supply (UPS)
Processor : Intel Core i7-4770 or AMD FX-8310 (or better)
Memory : 8GB RAM
Storage space : 100GB solid state drive free space
Internet connection : Broadband Internet connection (10 Mbps)
Power supply : Uninterruptible power supply (UPS)
As you can see, computer will have to have UPS or uninterruptible power source because you will have to be online 24/7, 365 days per year. If not, you will get fine that will be deducted from that 32 ETH you deposited.
So obviously to become validator you will have to meet some technical requirements so this wont be for everyone, but those whho decide to join will get average 15% profit per year,which is good incentive.
With all this being set,I hope there will be some public pools that we will be able to join,for those like me who dont have 32 ETH or dont want to bother with all the other stuff needed to become validator.
Yups, I also don't want to report to be a validator it's just that now it's a good idea to buy more Ethereum because everyone who wants to become a validator is required to deposit their 32 eth and it will hold for 2 years meaning the supply of eth will decrease. the law of the market is that supply is reduced the price will soar
