Dare to be Solo Staking by Jerome de Tychey | Devcon SEA

[Music] there to be solo staking because it's important because the networks need your help so I've been solo saking for four years um this is one of my validator 145 uh I got very lucky this week because not only I am in Devcon enjoying the community but also I mind the block I proposed the block on uh Tuesday uh if you're looking for me I have the sem all everywhere and I have a personal history with sing because my first born was born actually the day we did the merge so I had to take the wife to the hospital and also M on my Note like is it is it is going to be okay and the cev did an amazing job and the community did an amazing job everything went right and also the surgeon did an amazing job the kid is super healthy anyway a little throwback to when eum friends was born we were hosting meetups every month we now hosting itcc as well as Meetup and so on We're translating uh technical papers in in French if you're looking for a good tutorial on how to steak in French go to wamf fr.com and before that we were hosting mining Meetup it's was keeping e Weir you know we were convincing people to run their Mining Node to run a node to discover smart Contracting and so on and now we have a good mission is to make people stay at home because it ain't much but it's honest work it's because we have individual stakers at home that we are keeping ethereum from being a glorified centralized database the censorship resistance starts with you all in this room if you care about ethereum you should stake ethereum is an Unstoppable machine because we have a lot of nodes but don't look don't look up too much it's hard to say from the network topology on how many nodes exactly there is going on um if you look at e home nodes or if you look at e your scan and different scanners are like yeah well 6 6K give or take uh if you look at the Beacon chain and the different uh saking node alive valid validating node on the on the beon Chain you're like well give or take maybe 11,000 um yeah so that's that's the branch like between 6K and and 11k probably and there's a lot of validators that have multiple times 32 e on their nodes so there's a lot of room for solo Staker we need to get this number down like go go out and solo stake and I'm here to convince you to solo stake so there are different stages of staking who here is staking wo lot of solo stakers like go out there you already know this presentation and talk to your fellow eum people get them to solo stake get them to solo stake until the state of Illumination home staking where can be home staking you can stake your e on a centralized exchange sure you can use a manage staking um U provider you can be a liquid Staker you can be a remote Staker and you can even be a home Staker you you enter the the fellowship of the home staking but not everybody is home staking unfortunately and the best data on why people are not solo staking are probably coming from vitalic polls know you have um cool numbers like running a Noe is too hard I don't have 32 e uh I need to take e instantly I want to be I'm not a solo Staker but I'm staking still I want defi yield and so on well okay if you want other gii yield I I cannot blame you uh getting richer is better than getting poorer but still if you are Solo staking you're going to be getting a lot of air drops so this is not a good reason reason to not solo stake if you have less than 32 e that's understandable it's expensive now to get 32 e but we have an EIP coming up to let you stake less than 32 e not be able to to take out e instantly is a good reason as well but still we can be better than that we can be able to to to to withdraw the E faster there are e coming up for that if you are concerned about private key risk come on you've been handling your private key if you're sitting in this uh in this room and there are good things to manage your private key as well that's getting better and better so running a validator is too hard well if you're picking the the the most common way to solo Stak you have GE and Lighthouse if you're running on a boon tool that's like seven lines of code so it's not that hard come on you can do it and if you look at the launch pad from the foundation there's lot of good helps what of of easy to understand tutorial on how to do it each France has one in French so check it out but even more there is thousands of Giga friendly chat to help you on solo staking here are a few of them uh heaker heroglyph there is even a community Hub here e Piller stereum they are here as well the D note guys like everybody is here to help we want you to solo stake so go out there and talk to your friends about solo staking if you're solo staking you're also helping up the diversity of the network which making us even more resilient you have five flavors of execution uh nodes and five layers of consensus nodes so you get to bring the diversity to the network and more resilience to the network okay maybe you're still not convinced and you're not ready to make the move well get yourself a d node it's 1K doll or something and get yourself one nosis chain token and you'll be able to solo stake with your no chain token and I couldn't finish this presentation without an unsolicited node picks this is my node it's running and kicking and this is also myosis chain node a little app node you can do it if I can do it you can do it and if you want to chat about solo staking I'll be hanging around next to the Red Room in the 114 room and you can ask me anything about solo staking and we have two minutes for questions so fire up yeah I wish I had this 32 to St now but you can also stick with less than 32 solo St not not solo staking pool but you have staking pools that you can participate in and there is a I coming up to let you st one if I think that's the the objective yep it would be definitely interesting are there any questions for J but if there is no question you can talk to me outside if you're too shy to ask of course come on it's a room full of solo sakers I know well it's okay you know you know how hard it is yeah you won't I get slashed if I get if I solo STI you won't get slashed if you're solo staking and just running one execution node and one validating node As Long as You Follow the principle of I'm running a node on the beacon chain and I'm running one node on the execution layer you won't be slashed it won't happen the SL the slashing happen when you are trying to do weird thing like I'm trying to have replication of my execution node I'm running multiple validating node around the thing it can end up with you being slashed but if you're just solo staking with one machine one node for the execution layer one note for the validating ler there's no way you're getting slashed absolutely not it's not a good reason not to solo Stak anyone else and what about uh Power outdates are like oh yeah so that happen indeed uh if you look at my statistics on node 145 validating node 145 uh it happened to me a couple of time that my power went down and a I was inactive for a few days or it also happened to me that I I didn't I didn't take the whole uh the whole SSD lots of memory thing seriously so I got like five days of of outage so when you're not validating you are not earning and you are losing what you're not earning so typically if you're earning like 0000001 e per day uh you are losing 00001 e per day so if you've been out for 5 days which can happen come on you have to be in for 10 days to compensate the the thing that you lost well what you don't earn you lost it thanks but that's okay in the meantime you are Solo staking and you are making more than what you usually get on the mining pools okay we have time for one last question um can I run on Old Hardware it can run on Old Hardware the main limitation is that you need an S an SSD like you need a really good hard drive like a SSD drive and 4 terabytes that's the the main blocker is that you need a lot of memory and super fast memory so your motherboard needs to be able to handle SSD of course and now in terms of uh you know processor and uh and um and and and RAM it it's not that that expensive it's not it's not that much so if you have a an old desktop from like 2018 uh that's fine as long as it can take an SSD that's fine and you can see at a at D at D node it's a very efficient node and this a super small nuke so like it it's fine okay thank you very much J thank you guys enjoy Devon next we