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A comment on The GPU Sadness Index: Tracking eBay Pricing. Parent comment

Re:The GPU Sadness Index: Tracking eBay Pricing by TacticalCoder on Sunday February 28, 2021 @10:32AM (#26294047)
The Ethereum PoS chain is already active today and giving "staking" rewards. PoW is still active too but both chains are mining ETH at the moment and the plan is to switch to PoS only.

As the PoS did actually launch and is actually working, I'm not sure it's going to be "never".

They may be late like so many software projects, but they seem to be serious about the switch to proof of stake.

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Re:The GPU Sadness Index: Tracking eBay Pricing by enko123 on Sunday February 28, 2021 @10:39AM (#26294099)
For those that don't know, staking is a dedicated computer + 32 ETH in escrow, then you get your ETH back + 1/2 ETH payment at the end of the month but fewer if you were offline including possibly losing some of your escrowed ETH.
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Re:The GPU Sadness Index: Tracking eBay Pricing by nerdponx on Sunday February 28, 2021 @12:26PM (#26295020)
So it's not possible to stake without 32 ETH to stake? That's a sizeable investment.
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Re:The GPU Sadness Index: Tracking eBay Pricing by gruez on Sunday February 28, 2021 @02:41PM (#26296361)
staking pools are a thing
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Re:The GPU Sadness Index: Tracking eBay Pricing by Cacti on Sunday February 28, 2021 @11:11AM (#26294324)
What is the computer doing during that time?
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Re:The GPU Sadness Index: Tracking eBay Pricing by melolife on Sunday February 28, 2021 @11:37AM (#26294514)
Voting on block proposals as part of a randomly assigned committee.
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Re:The GPU Sadness Index: Tracking eBay Pricing by Skunkleton on Sunday February 28, 2021 @11:36AM (#26294506)
Validating or creating blocks, which to be clear is _significantly_ less work than mining.
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Re:The GPU Sadness Index: Tracking eBay Pricing by pjc50 on Sunday February 28, 2021 @04:54PM (#26297450)
So at what point do they throw the switch that invalidates millions of dollars of investment in mining Etherum? Or is it all transferrable? And who is the "they" that throws the switch?
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Re:The GPU Sadness Index: Tracking eBay Pricing by TacticalCoder on Monday March 01, 2021 @01:39AM (#26300260)
I only see your comment now, sorry for the late reply.

Well as I understand I it was clear from day one that Ethereum would switch "one day" to PoS so miners knew, from the start, what they were in for.

> ... that invalidates millions of dollars of investment in mining Etherum...

Well the GPUs will not be able to mine ETH anymore but the ETH already mined aren't lost: the PoW chain is going to merged inside the PoS one.

I take it this all decided by the "Ethereum foundation"?

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