The Merge was executed on September 15, 2022. This completed Ethereum’s transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by ~99.95%.
I don’t follow crypto trends so I hadn’t heard about this either.
I had to look up proof-of-stake, and for Ethereum apparently is required to stake 32 coins to operate a node. Another google search shows me a single Ethereum coin is just north of $2k USD. So someone mining Etherium today needs to have more than $64k if Etherium to even run a node now?!
Staking pools are a collaborative approach to allow many with smaller amounts of ETH to obtain the 32 ETH required to activate a set of validator keys
You earn rewards proportional to the amount you stake
You only need 32 ETH to stake if you want to solo stake / home stake and you don’t pool resources with anyone else, see https://ethereum.org/en/staking/solo/
I don’t follow crypto trends so I hadn’t heard about this either.
I had to look up proof-of-stake, and for Ethereum apparently is required to stake 32 coins to operate a node. Another google search shows me a single Ethereum coin is just north of $2k USD. So someone mining Etherium today needs to have more than $64k if Etherium to even run a node now?!
No, not really, you can start staking with as many as you want, see pooled staking: https://ethereum.org/en/staking/pools/
You earn rewards proportional to the amount you stake
You only need 32 ETH to stake if you want to solo stake / home stake and you don’t pool resources with anyone else, see https://ethereum.org/en/staking/solo/
Pay to play baby! Let’s reinvent the banking system by doing the same exact shit.