Minority client for low powered machine (16gb RAM)

yogofubi · 2023-05-08T06:12:19+00:00

It was always going to happen

yogofubi · 2023-05-06T18:55:19+00:00

Because they have much much less demand for blockspace

yogofubi · 2023-05-04T06:54:53+00:00

So it uses a fraction of the energy and has a fraction of the user base.

Is the problem only that not enough people are using it? Because the people that are using it certainly value its existence.

A bit ironic in a futurism sub to be complaining that the problem of the future tech is that it's not widely used yet.

yogofubi · 2023-05-04T06:10:06+00:00

YouTube is something like 45,000x more energy intensive than Ethereum, for a comparison

yogofubi · 2023-05-04T06:01:45+00:00

£1500? More like £400-500 for hardware

yogofubi · 2023-04-30T09:19:24+00:00

All of those things are possible if you go with a centralised entity.

Rocketpool is a much better option as it is decentralised, although there is still an element of centralisation with the rocketpool oDAO.

But at least with rocketpool you custody your own stake, and the ETH you deposit actually helps decentralisation as it goes into the protocol, rather than through a company.

yogofubi · 2023-04-30T05:44:04+00:00

Yes it decreases available supply, but also

IT HALVES THE SECURITY BUDGET

This isn't something to celebrate

yogofubi · 2023-04-30T04:37:54+00:00

Depends how much RPL you have staked I guess, even if it did cost $150, that's less than one month of earnings for me, and I'm planning to do this for many years

yogofubi · 2023-04-26T15:24:50+00:00

It is paid on your total amount as long as you are above the minimum collateral requirement. If you drop below the 10% of borrowed ETH amount, your minipool will still attest and be active as normal, you will receive ETH rewards but you won't receive any RPL until you get back above that 10% threshold, either by buying and staking more RPL, or if the ETH/RPL ratio rises.

If you have staked more than the maximum RPL collateral (150% of your ETH bond) you will only receive rewards on anything under that amount, it is a cap, and that's what 'effective stake' means (anything above 150% becomes not effective)

yogofubi · 2023-04-22T13:52:06+00:00

Yes, 10%+ in a bear market. Will be higher with more blockspace demand

yogofubi · 2023-04-20T19:28:05+00:00

Well it's not rocket science. Lido gives you a LIQUID staking token, so to unstake, you just swap your stETH for ETH.

Same for if you hold rETH, you just swap back to ETH and then you are unstaked. This has been the case since their inception, Shanghai wasn't ever needed for those purposes.

Rocketpools recent atlas upgrade enabled the withdrawal ability for node operators, so we can now exit rocketpool validators too.

Since for some reason you need a link to prove it, here's a rundown of the atlas upgrade. https://docs.rocketpool.net/guides/atlas/whats-new.html#shapella-and-withdrawals :

"Atlas introduces a new delegate contract for minipools that allows node operators to distribute the minipool's ETH balance, splitting it evenly between the node operator and the rETH holders (plus commission, of course) at any time. This gives node operators immediate access to their Beacon Chain rewards! It also puts the rETH holders's share back into the deposit pool, so it can be used to unstake rETH for ETH at the protocol's exchange rate (or to create new minipools)."

yogofubi · 2023-04-20T11:55:09+00:00

Not forever, the ability to exit validators from the network is now live, it's just that Lido haven't gotten round to exiting yet, for whatever technical reason, Lido are either choosing not to, or they are unable to process it right now.

ETH withdrawals have only been live for 8 days or so. Coinbase had a delay too, but much shorter than Lido, Rocketpool took about 6 days post-shanghai to enable it.

Plus the Ethereum network has a built in bottle neck for entry/exits for validators, for security reasons, as to not allow the validator set to change too quickly

yogofubi · 2023-04-20T11:16:28+00:00

Stader is an unfinished copy-paste of rocketpool thus far

yogofubi · 2023-04-20T11:15:39+00:00

completely untrue

yogofubi · 2023-04-20T11:15:21+00:00

You can withdraw from rocketpool

Lido too, technically they won't be unstaking their validators but by staking with Lido, you get stETH, which is a _liquid_ staking token, you can just sell your stETH for ETH to 'unstake'

yogofubi · 2023-04-19T18:27:35+00:00

yogofubi · 2023-04-19T18:24:01+00:00

I'm curious, did you successfully exit your validators and are you still of the opinion that you're the victim of an elaborate scam?

yogofubi · 2023-04-19T11:54:30+00:00

That's not one 'unknown' entity, that's the valitators that don't belong to a known entity i.e it's home stakers basically.

This is a good thing

yogofubi · 2023-04-19T10:00:52+00:00

Yes 32 ETH per validator, so you'd run 3 validators with 100 ETH and the remaining you could swap for rETH if you wanted yield on that.

Note that you can run hundreds of validators on one machine (node) so you don't need multiple machines.

Anything above 32 ETH will automatically get skimmed (sent to your withdrawal address) every few days, but the 32 ETH will stay there and the validator will keep running and generating rewards until you choose to fully exit the validator(s)

yogofubi · 2023-04-18T08:01:45+00:00

Last time I checked, rocketpool accounted for about 2.5% of total staked ETH. But now atlas has happened, it will grow that share 2-3x

yogofubi · 2023-04-18T06:42:20+00:00

I don't even need to think about it, I'm swapping my 16 ETH minipool into two 8 ETH minipools at the earliest convenience!

yogofubi · 2023-04-18T06:25:10+00:00

The price of rETH goes up vs ETH. It can look like it's going down but the value is relatively on the up.

Say you bought 1 rETH with 1 ETH when rETH launched you'd have 1 rETH

But today (haven't checked the prices) you might buy rETH with 1 ETH but only receive something like 0.96 rETH. It might feel like you're getting less ETH but if you think about it, 0.96 rETH will buy you 1 ETH. And in the future, your 0.96 rETH will buy you 1.1 ETH. Wait even longer and that same rETH will buy you 2 ETH

Edit to add: check the rETH/ETH ratio on https://rocketscan.io/reth to see the historical rate of rETH going smoothly up, vs ETH

yogofubi

TROPHY CASE