Ethereum 2.0 is getting closer by the day. We know it will be a massive improvement in the blockchain ecosystem to generate extremely fast transactions and scalability beyond what we already know…
The main aspect of Ethereum 2.0 is that mining will be gone and it will be transformed into staking for validating blocks. Which means users will have to lock down 32 ETH in a smart contract and receive a yearly profit to generate blocks.
But how much can you actually earn by participating in the PoS technology? Truth is, sources say that it will be around 4% to 6% in yearly profit but in reality, I expect it to be much more for one simple reason:
When Ethereum 2.0 is released, many miners will switch to this new way of mining by buying ether which will automatically increase the value of the entire blockchain massively.
How much? Nobody knows but you can predict ETH to multiply its value if you’re being optimistic.
That means if you join and buy those 32 ETH required to become a validator or “miner” you’ll probably invest in a great future since Ethereum will increase in value.
Now I’m not an expert in trading so take that as you will but that’s my honest opinion as someone that’s been in the cryptocurrency space for years.
In any case, check https://www.stakingrewards.com/ where you’ll be able to see how much money you can make by staking your coins. Personally I use nexo because I trust it and it provides a way bigger percentage of earnings but you may choose a different path.
This is not a sponsored article, I just like those products.
Stay liquid and move fast to earn the latest rewards. Also check my book Ethereum Developer — Learn Solidity From scratch here: https://gum.co/gAdnu