I enjoyed this video, thank you. I am just looking at my newly built DAppNode with Geth syncing and learning before I add my 32 and run a full node. Cheers
I still don't understand, could you please explain, what specifically occurs for a validator to loose money? What does maintenance/upkeep entail to stay an active validator with overall + balance?
what software are you running dude in terms of execution and consensus? Geth? Erigon? Prysm? Curious to hear about your setup. Thanks dude, what a great video. I appreciate your enthusiasm.
Hello. Thank you for the video, is really great. answer to a lot of my questions. But I need to know exactly what you invested? The hardware price? The electricity price? Thank you in advance for answering me. or you can make another video :)
Bitcoin is getting affected by the overall risk sentiment, you should make a follow up video as you mentioned bitcoin support was around $52-53k in a previous video.
I agree... More of it would be cool. Very informative video. Many thanks 🙏 I'm going to be validator soon... Would you show us what software you have used to set it up...
This aged badly. Went from 20k to 163k and now back to 64k. Validating is a huge risk. You have to expose your machine to internet and downtime could lead to slashing. When using services like LIDO you still get a 85% staking fee, don't need any server to run and maintain, can stake any amount (versus 32 minimum) and have less chance on being hacked. Sure it's a nice hobby, but it's not worthed for 99% of the users.
Not a lot of demand for content like that but I am thinking about doing some more instructional style videos and making them available on patreon. They are a lot of work but it may be worth while to build a library of that type of content. Including validator setup tutorials.
Not really. Just need to strap your boots on and dive in. There is a lot of tutorials online but the process is changing all the time and varies depending on which clients you select for execution and consensus layer. Each client has pretty active communities on discord where real pros are very generous with their time to train newbs like us. The learning curve is very steep though. I would never recommend doing it with real eth until you have mastered the testnet. Everything from deposits to setup. Operation and even withdrawal. There is so much to learn and the information can become outdated quickly so you need to keep up.
The answer is it depends. You can make nothing if you do not have any delegators, or you can make a lot if you are an aggregator, for example, allnodes.
If you could possibly isolate the cost of how much this full node has costed in terms of electricity over the past year, what do you think it would be?
As ETH HODLr with all the req'd 32 tokens and programming skills needed, the Q I've been agonizing over many months: Why would somebody take their ETH and work hard and take risks to run validator node to earn 4% year when they could simply stake it walk away (i.e. return to the job they ordinarily do) and get 3.5%? Maybe I'm not reading it right; do full-time ETH validators only get 4%/yr? Thank you for awesome video post btw
I think the only enticing factor would be getting paid in ETH. But yeah you could just sell and wait for an ABC correction or something, then rebuy etc. 8% is low imo
Yeah… the ROI doesn’t make sense for this. What happens for ETH if significantly less people are motivated to take on a part time job for 5% APR than were to mine for POW
Yes it will be but not today. Once withdrawals are enabled you can withdraw anything over the max effective balance which is always 32. Just can’t withdraw below that.
@@EmpireBuilding Awesome! and I may have missed it, but did you explain the ROI distribution if you are staking 100 eth vs 32? Essentially, do you get more by staking more?
@@ryandeberardinis2342 No, there is no benefit whatsoever in having any balance over 32. under 32 will affect earnings but not being over no matter how much over you are. I did cover this in part of the video I think where I shared the actual equation earnings are based on.
Can you run a single validator on 2 different computers at the same time in case one goes down or does it have to be the same computer? If you can only use one computer, can you switch computers? How would you go about doing that?
No. Your best defense against down time likely due to power failure is battery powered backup needed for both the computer and your internet connection. All things considered downtime like that will have minimal impact to overall income.
this video didnt age well price now 1500, locked up 32ETH as price tanked also factor the running costs of the node I dont see how someone who bought in to this at 5 grand a coin is above water.
That depends. I'm perfectly happy with mine because I realize that it has been performing better than most of my other trading activity. It's been good HODL training.
if you would have bought GPU s witht that 32eth you wasted, you would have earn 2 ethereum per month. People who says this sstaking is so great and easy will be hit by how bad earner it is comparing to pow mining income. even if you put that 32 eth in fiat to stock market i bet you can double that in a year. 2 sad etherum after all year staking ?
@@temoork-0197 until he can take it out of the system its not his. The earliest he can cash that out is after merge if the merge is successfull. You dont have to waste the money to actually waste it.
and what happens if ethereum goes down ? bear market :D lol this staking is just a huge mistake. putting your money on rulet table would be slightly wiser.
I enjoyed this video, thank you. I am just looking at my newly built DAppNode with Geth syncing and learning before I add my 32 and run a full node. Cheers
Great video thank you for the insight!
Hi Curtis, I ve seen MARA published a new energy agreement with a solar and wind energy provider. Do you plan a briefing video about it?
Thanks for this video. I was looking for an explanation of earnings. Happy validating!
I still don't understand, could you please explain, what specifically occurs for a validator to loose money? What does maintenance/upkeep entail to stay an active validator with overall + balance?
Very informative. Thank you!
Very interesting insight thank you
very informative and really enjoyed how you did make it like a game show of shilling like most of the influencers out there
Appreciate this video!
what software are you running dude in terms of execution and consensus? Geth? Erigon? Prysm? Curious to hear about your setup. Thanks dude, what a great video. I appreciate your enthusiasm.
Your channel just found me. Great job !
Thanks I’m glad
Tons of value!
Very clear and informative video.
Hello. Thank you for the video, is really great. answer to a lot of my questions. But I need to know exactly what you invested? The hardware price? The electricity price? Thank you in advance for answering me. or you can make another video :)
How do you feel about SSV Network?
Question. I'm looking at a eth validator option paying 1%/day. Does this seem realistic?
Bitcoin is getting affected by the overall risk sentiment, you should make a follow up video as you mentioned bitcoin support was around $52-53k in a previous video.
Do you do anymore content on ETH nodes
is more profitable to stake than become a validator
Hey I would love to talk to you more about validator nodes
is there a shared eth masternodes?
Aged like milk!
He thought that ETH was going to be 31k after the merge!
LOL
Lots of people were saying 20k ETH was inevitable 🙄
More of this please 🙏
I plan to. My most successful video and there is a lot of content around understanding validators.
I agree... More of it would be cool.
Very informative video. Many thanks 🙏
I'm going to be validator soon...
Would you show us what software you have used to set it up...
This aged badly. Went from 20k to 163k and now back to 64k. Validating is a huge risk. You have to expose your machine to internet and downtime could lead to slashing. When using services like LIDO you still get a 85% staking fee, don't need any server to run and maintain, can stake any amount (versus 32 minimum) and have less chance on being hacked. Sure it's a nice hobby, but it's not worthed for 99% of the users.
Good info
ua-cam.com/video/u7CE83skJbU/v-deo.html
The only thing Ethereum needs is to have normal cheap gas, like any other network, its getting less and less usable by the day.
Thanks Curtis! Please do a more in-depth on the technical side. What equipment are you using, how much does it cost to run, etc.
Not a lot of demand for content like that but I am thinking about doing some more instructional style videos and making them available on patreon. They are a lot of work but it may be worth while to build a library of that type of content. Including validator setup tutorials.
Is there a validator course? Like you said, as ETH becomes worth more in the future the higher the incomes from validating will become.
Not really. Just need to strap your boots on and dive in. There is a lot of tutorials online but the process is changing all the time and varies depending on which clients you select for execution and consensus layer. Each client has pretty active communities on discord where real pros are very generous with their time to train newbs like us. The learning curve is very steep though. I would never recommend doing it with real eth until you have mastered the testnet. Everything from deposits to setup. Operation and even withdrawal. There is so much to learn and the information can become outdated quickly so you need to keep up.
Where are you???
We need real eth to run as a validator?
I like this
Not counting the stake requirements, what are the minimum hardware requirements to be a validatior?
ua-cam.com/video/u7CE83skJbU/v-deo.html
The answer is it depends. You can make nothing if you do not have any delegators, or you can make a lot if you are an aggregator, for example, allnodes.
If you could possibly isolate the cost of how much this full node has costed in terms of electricity over the past year, what do you think it would be?
Insignificant. Hard to compare it's cost but I'd say no more than an internet modem which runs all the time.
that's 1.44ETH annually
Gas pricing hasn't been brought under control yet. When the markets are shaking, the cost rockets to the sky.
How much screen time does it need?
Depends on how much you want to learn.
Did you mean ‘earn ‘ ?
As ETH HODLr with all the req'd 32 tokens and programming skills needed, the Q I've been agonizing over many months: Why would somebody take their ETH and work hard and take risks to run validator node to earn 4% year when they could simply stake it walk away (i.e. return to the job they ordinarily do) and get 3.5%? Maybe I'm not reading it right; do full-time ETH validators only get 4%/yr?
Thank you for awesome video post btw
I think the only enticing factor would be getting paid in ETH. But yeah you could just sell and wait for an ABC correction or something, then rebuy etc. 8% is low imo
Yeah… the ROI doesn’t make sense for this. What happens for ETH if significantly less people are motivated to take on a part time job for 5% APR than were to mine for POW
You mean 8% a Year😂
what if you have 40 eth and want to withdraw 8 eth (so you remain above 32). Is that a possibility?
Yes it will be but not today. Once withdrawals are enabled you can withdraw anything over the max effective balance which is always 32. Just can’t withdraw below that.
@@EmpireBuilding Awesome! and I may have missed it, but did you explain the ROI distribution if you are staking 100 eth vs 32? Essentially, do you get more by staking more?
@@ryandeberardinis2342 No, there is no benefit whatsoever in having any balance over 32. under 32 will affect earnings but not being over no matter how much over you are. I did cover this in part of the video I think where I shared the actual equation earnings are based on.
Do you need the full 32ETH to become a full validator ?
Yes, if not you could join a staking pool.
@@EmpireBuilding how much a year does a validator of 32 eth make?
ua-cam.com/video/u7CE83skJbU/v-deo.html
@@revo1974 did you listen to the video?
man have you withdrawn your eth before the downfall in january 2022??? you are so lucky if you do.😉
How are the stocks doing for you mate? 😅
I think he got in at marathon below 1$ so I think he is doing ok
Did you say GENESIS? genesis
Im needing some help here
I validated Block Zero, I shit you not, I am the miner and validator. 2:47
Can you run a single validator on 2 different computers at the same time in case one goes down or does it have to be the same computer?
If you can only use one computer, can you switch computers? How would you go about doing that?
No. Your best defense against down time likely due to power failure is battery powered backup needed for both the computer and your internet connection. All things considered downtime like that will have minimal impact to overall income.
this video didnt age well price now 1500, locked up 32ETH as price tanked also factor the running costs of the node I dont see how someone who bought in to this at 5 grand a coin is above water.
half hour video to answer 5 second question
I bet validators are not so happy about their stakes at the bottom of this bear market.
That depends. I'm perfectly happy with mine because I realize that it has been performing better than most of my other trading activity. It's been good HODL training.
if you would have bought GPU s witht that 32eth you wasted, you would have earn 2 ethereum per month. People who says this sstaking is so great and easy will be hit by how bad earner it is comparing to pow mining income. even if you put that 32 eth in fiat to stock market i bet you can double that in a year. 2 sad etherum after all year staking ?
He didnt spend the 32 eth u donut, its still his.
@@temoork-0197 until he can take it out of the system its not his. The earliest he can cash that out is after merge if the merge is successfull. You dont have to waste the money to actually waste it.
@@temoork-0197 value went away tho. Stacking is so dumb without the chance to unstake.
gambling with extra steeps
and what happens if ethereum goes down ? bear market :D lol this staking is just a huge mistake. putting your money on rulet table would be slightly wiser.
If it goes down you stake more eth wise one
Just 8% APR per years, OMG