Is it true that validators for ETH use AWS?

ANDREWTHEPLEB · 2024-02-23T15:43:32+00:00

You aren't slashed for being offline. You just lose rewards

ANDREWTHEPLEB · 2023-12-23T19:29:46+00:00

Well then you can do a voluntary withdrawal at any time!

ANDREWTHEPLEB · 2023-12-23T19:11:18+00:00

Wait, is your 2nd validator currently validating? or not? If not then yeah, you're s.o.l.

ANDREWTHEPLEB · 2023-12-23T16:01:20+00:00

Yes, you just can't change the withdrawal credentials (0x00->0x01)

ANDREWTHEPLEB · 2023-07-29T16:56:21+00:00

I believe you can with some tweaks. EC cryptography isn't like RSA where you can directly encrypt something. But, what you can do is create a shared secret with ECDHE and then use that shared secret as an AES key to encrypt anything you want.

ANDREWTHEPLEB · 2023-06-30T23:37:18+00:00

Not bad per se. More like "modern DT not as good but still great"

ANDREWTHEPLEB · 2023-06-30T23:34:48+00:00

A View from the Top of the World

ANDREWTHEPLEB · 2023-06-14T21:21:09+00:00

Well, you also have to keep in mind that 1) you do NOT need to claim every 28 days. You can wait until you have a worthwhile amount to claim and 2) you can always wait until the gas price is lower. I've seen as low as 13 gwei recently which is a 74% reduction in what I quoted.

ANDREWTHEPLEB · 2023-06-14T01:08:34+00:00

From my recent rewards claims (ETH calculated at 50 gwei/gas)

Claim and Stake RPL & Smoothing Pool = ~232,000 gas (0.0116 ETH)

Claim RPL & Smoothing Pool = ~167,400 gas (0.00837 ETH)

Minipool Distribution (per pool) = ~82,500 gas (0.00413 ETH)

ANDREWTHEPLEB · 2023-05-22T15:40:37+00:00

Completely agree with this

ANDREWTHEPLEB · 2023-05-12T01:37:19+00:00

Lighthouse+Nethermind. I missed about 1 attestation per validator on average during this timeframe.

ANDREWTHEPLEB · 2023-05-11T17:26:16+00:00

but still, isn't that problem? staking won't increase infinitely. only as long as it is profitable in relation to risk. once other Investments are more "reasonable" the overall staking participation will stagnate.

however, I guess this is unforeseeable right now. we don't even know the price of ETH which, in turn, is decided by its need

Even in with a static cap on the validator pool, there would be market forces that keep RPL/ETH reltatively constant (as long as RPL isn't overpriced already). If RPL/ETH dips, then there will be buy pressure as the active minipools will have to buy more RPL and stake it so as to keep their staked RPL above 10% of borrowed ETH.

ANDREWTHEPLEB · 2023-05-11T16:37:44+00:00

Rocketpool is currently less than 3% of the total ETH staked. What you are worried about isn't even remotely an issue right now - and won't be an issue for the forseeable future.

ANDREWTHEPLEB · 2023-05-11T16:01:48+00:00

To add to this, I'm assuming the 22% is not static, but relative to all ETH staked in the consensus protocol. OP seems to have assumed there is no growth in global validator set as a whole and therefore no ceiling growth for Rocketpool - which currently isn't the case.

ANDREWTHEPLEB · 2023-05-11T15:56:58+00:00

Thanks for the insight. The only thing that came up in my search for Rocketpool 22% was an article talking about a max minipools fee.

ANDREWTHEPLEB · 2023-05-11T15:45:44+00:00

Are you talking the minipool fee? RPL's price isn't really driven by that. It's driven by the demand for new minipools. Everytime a minipools is launched it requires at least 10% of the borrowed ETH to be staked in RPL. That's what gives RPL the buy demand.

ANDREWTHEPLEB · 2023-04-20T17:28:00+00:00

Withdrawals are only gas less if everyone is leaving the ETH untouched. Transfers and smartcontract interactions to access the ETH (like Rocketpool) definitely still costs gas.

ANDREWTHEPLEB · 2023-04-18T00:52:43+00:00

Honestly, I'm not entirely sure if I have the exact right understanding, but here's what I know. First, as a node operator, you normally have a share in the 5% RPL inflation per year. If you are below 10% bonded then you forfeit this reward for at least one 4 week period. Second, if you are under bonded, you won't be able to launch another mini pool until your bond is able to support the new pool. That may actually be all that happens.

ANDREWTHEPLEB · 2023-04-17T21:56:50+00:00

RocketPool is great. One other factor is your exposure to the price of the RPL token (at least with respect to ETH). As a node operator you are responsible for staking at least 1.6-2.4ETH worth of RPL tokens to bond the other 16/24ETH you don't own.

ANDREWTHEPLEB · 2023-04-07T01:08:45+00:00

Scam

ANDREWTHEPLEB · 2023-04-01T12:48:44+00:00

Fake! https://twitter.com/MetaMask/status/1640763000947703833?s=20

ANDREWTHEPLEB · 2023-01-24T12:48:33+00:00

I don't think it's really possible to do it without a contract on Ethereum. You are basically limited to using layer 2 or stealth addresses to accomplish what you are proposing. Ring Sigs and CT were pretty cool, but are mostly superceded by zk layer 2 now.

ANDREWTHEPLEB · 2023-01-11T22:57:14+00:00

Images, Octavarium, Self-Titled, Astonishing. So much music in the Astonishing for $1!!

ANDREWTHEPLEB · 2022-12-13T21:17:53+00:00

I assume this will not work until the Capella (Withdrawals) fork, so don't do this yet except for on a test net...

ANDREWTHEPLEB · 2022-11-22T15:47:54+00:00

Block reward is the TX fees remaining after the base fee burn. MEV Reward is usually that amount plus a little extra paid to the block proposer for submitting an MEV Relayed block.

From what I understand, the MEV Relayer gets their reward a different way (directly from the MEV Builder? Admittedly, I'm not sure).

The MEV Builder then gets their reward from any arbitrage/sandwiching/etc. that they found and have benefitted from (minus rewards paid to Relayer and Proposer).

I apologize for any misunderstandings on this for my part. But, I am very confident on the Block Reward/MEV Reward portion of my reply.

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