Ethereum staking turned out to be more difficult than it seems

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After the transition of Ethereum to the Proof-of-Stake (PoS) algorithm, users faced the difficulty of launching independent ether staking. They discussed the topic in branch on reddit.

The community member who opened it noted that, with sufficient experience in technology, he spent the weekend installing a validator node on his own device. Those with tighter work schedules will find it difficult to do so, if only because of the lack of time, he said.

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“The Ethereum community loves to sugarcoat usability, but it’s more useful to just admit that it’s [стейкинг] not yet for everyone,” he said.

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Many agreed with his opinion. One commenter stressed that setting up a node requires “more effort than you would expect from the average person.”

Users also drew attention to the existing, at least in the United States, restrictions by Internet service providers on bandwidth and data transfer limits.

The huge number of writes to solid-state drives (SSDs) during the operation of the Ethereum node leads to their rapid wear, noted one of the community members. According to him, two 512 GB SSDs failed in a few months of operation of the Geth client. At the same time, a similar device has been involved in Dash staking since 2017 and remains operational, he stressed.

Another community member stated that staking was never meant to be public and requires a fair amount of knowledge.

“People keep referring to staking as getting free money when it’s not. You are actually paid to do the job and it takes a certain amount of knowledge and effort,” he wrote.

Some noted that the complexity of the process of launching a validator node is added by the realization that we are talking about blocking more than $40,000 – 32 ETH.

“This is true. Holding ETH is quite risky, the addition of staking makes me nervous. And that’s a lot more than $40,000 for anyone who bought last year,” admitted one commenter.

The community noticed that problems with running a validator node on their own lead to the fact that many prefer to use centralized services like Binance, Coinbase or Kraken. This negatively affects the decentralization of the network, users say.

According to Merkle Science lead researcher Koby Morgan, the migration of Ethereum to PoS could make the blockchain more vulnerable to government interference and censorship.

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Source: Cryptocurrency

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