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Old 02-12-2021, 05:30 PM   #853
accord1999
Powerplay Quarterback
 
Join Date: Aug 2010
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Quote:
Originally Posted by PsYcNeT View Post
You have $64,000/32 ETH to buy a deposit contract/become a validator?
Quote:
Originally Posted by bootsnixon View Post
I believe that is the number yes. I have not applied to set up a validator node as I don't have the technical knowledge to set one up. I've read companies may set up nodes and take a pool of people's ETH for a cut of the Staking profits.
There are pools and exchanges that allow people to "stake" without needing the required multiples of 32 ETH, or don't want to deal with the hassle of setting up their own nodes and validators. At least two well-known exchanges have it already setup, Kraken and Binance and unlike staking it yourself, you can "unstake" (if an emergency comes up) and get back liquid ETH (at a conversion of about 0.96).
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