Bitcoin Forum

ETC current volume: 26308


ETH current volume: 8714

WOW, how the fuck did I miss this? I think hours ago ETH was first? This is amazing. The guys like Brian Armstrong claiming that "two coins would never co-exist cause the resulting coin from the fork would disappear quickly" have fucked up big time. Ethereum Classic is looking very strong... too scared to hold neither ETH or ETC but if ETC goes up some people are going to get very rich.
I may even buy some ETC myself just in case.

Thats a good news for those who ethereum lover.. i think etc is a new version of ethereum so i think the people who lost faith in ethereum because of dao they are now converting into etc with high secured..

When does the hacked DAO ETH become spendable? Soon I think.. dump incoming, get those buy orders ready or short on polo...

27 days.

there was 130 millions ETC traded last 5 days so 3.6m is nothing.

The ETH community has likely dumped millions more coins than the DAO hack represents and the price went up. Not saying they won't have an affect; but, predictions seem not to follow expected patterns.

its the same and original version of ethereum though........

A lot of that volume has probably been from people with big bags of btc and etc switching it between their hands.

If 3.6m would be dropped on the market as consistant sell orders (which basically is the same amount as the whole sell order book), just watch what happens to the price.. It would at the very least suppress it until it was all sold, but most likely it will drop.

Also, if a transfer like that appears on the chain to hit polo, watch the buy order disappear.. Nobody wants to catch that knife.

Ive now switched my miner over to ETC rather than the new fork, Pricce is not to bad to mine and looking more promising than ETH to be honest. This is what happens when a hard fork doesnt go to plan i suppose. Im hoping that the dumped coins dont have too much of an impact , maybe if we are lucky the stolen funds wont be dumped at all but just slowly siphoned off as the price of ETC increases over the next few months.

I'm also mining ETC atm... But price is too unstable, i mine directly at exchange address and instantly dump coins

That was what I did a few days ago, but no any more. The price is too unstable. It is very manipulated.

I know rthe price is unstable and i started mining the other day straight to an exchange and just dumped them as soon as i got them since i just wanted to make an instant profit, I since then moved back to ETH but changed my mind and went back over to ETC again and although the price is a bit chaotic i think im just going to mine and hold onto whatever i get and see what happens. You nevcer know, maybe ETH will kick the bucket and ETC will become the king of ethereum as it once was.

It is just fluctuating of price ethereum classic and it is normal, almost all of cryptos coins they are fluctuating. And there is not awsome in here. I can understand you use analysis fundamental for ethereum classic, but i use analysis tecnical for it. So depend on your strategy trading or Investment and always remember always there are risk on Investment.

The volume is more than double for ETH. The price is really stable, really solid on that 230-260 range. I think something huge is being cooked. We will find out the next week I guess.

Also the "DAO hacker" knows he can make an huge killing if he helps ETC start going up higher. If ETC reaches parity with ETH, the "DAO hacker" would make a real pay day. For him, what he has now probably is not that much. Im sure someone able to find flaws in smart contracts is already a millionaire. He will want more, this means that he will try to make ETC rise. he can get in big at this cheap price and push ti to ETH parity. if in the long run ETC ends up overtaking ETH and becoming the official Ethereum (which is what should happen since it's the morally correct chain) he would become a huge player in Ethereum.

The ETC/ETH price has dropped in the last few days. The hash rate also decreased. The investors are wating for the ETC dump.

That might be true. There is a possibility that the DAO hacker will dump the ETC he got from hacking the DAO.

Again ETC volume in number one in poloniex and also price rising fast but still confused about what actually news behind this rise. Just a usual pump and dump?

I believe that for ETC to acheive long term success the hash rate must increase. Price and the volume does not matter because what are they really good for? They should only concern you if you are a day trader.

Support from the miners must grow soon or it will be in danger of getting attacked.

the massive dump has stopped so it is natural for any coin to start rising after the dump has stopped.
when the whales decided to dump it created a panic and this panic has lead to this price that you can see now. and right now all those whales are buying slowly back by putting buy orders so panic sellers sell to their walls.

Yes, the dump is over and I expect ETC to get pushed up to the low $2's again in US time. As a small trader, right now you are playing with fire and need to be very careful.

Looks like 30 was the bottom and we'll keep testing 30 for a while since there are a lot of doubters of it going high, but at the same time people don't want to be the idiots that miss the next uptrend, so 30 is a safe place to hold at. If it goes lower it doesn't matter, it will eventually pump again. Also ETC is getting 50% donation from the biggest chinese pool:

https://twitter.com/ETCChina/status/763568243827060736

ETC will pump no matter how hard ETH brainwashed cult tries to dump it. China wants to make ETC "their Ethereum".

Although ETC has big volume but still there is not wallet ETC for android and it is make me doubt in ETC because there are not support or innovation for it.

It might take some time for the developers to work on it. I think the developers are observing at the moment. If nobody use ETC, there is no point supporting it.

ETC is now number two coin in Poloniex (surpasses ETH in volume), the number one is the maidsafe coin.

There's still no use on Ethereum too. Only thing I've seen is scammy doublers. Potential and trust are higher on Ethereum Classic.

Coins don't have to be functional in this space for people to invest. If it exist, people will speculate on it. The overwhelming majority of alts don't have dedicated mobile wallets, hell, most of them don't really survive that long.

Funny that you mention this. Right now Maidsafe is getting pumped the fuck out and it does not even have a proper wallet yet. Hell even the token (MAID) was supposed to be a temporal token until the Safecoin gets released. I think its an interesting project but im not sure if its viable.

The pump of the Maidsafe is finished. The Dash was pumped yesterday, but it also finished. I am wondering what is the next one.

The next pump could be TEC. It is possible to be the last pump before the price crash caused by the DAO hackers.

if we take a look on polo now, the position is change, now its time to ETH. and for other altcoins, there might some pump on a few altcoins. BTS have already get pump but its still get pump. for next, i think maybe tonight many small coins will get pump, the rate will up suddenly.

etc is the best, in my opinion it is going to be growing in the future, a new pump is going to happen to a new all time high

You are correct. The only development and innovation for the ETC criminal coin comes from the criminals invested in it. And so far everything about the ETC criminal coin has been based on greed and theft. Don't expect this to change anytime soon.

Both ETH and ETC are dropping. It seems that the hot money on these coins have moved to DASH and XMR. The volume of DASH and XMR is increasing and the price of these coins are slowly increasing. ETH and ETC is done for now.

The combined volume of ETC and ETH is just around 7000 now in Poloniex. The volume ratio to the DASH and XMR has reduced.

The trading volume of ETC and ETH has reduced significantly in the last few weeks. The Monero is the number 1 now.

That's just a temporary pump, as we see in many shitty altcoins. Don't worry soon the two main jewels of the smart contract crown will shine as they used to do.

Yeah we cannot put ETH and ETC down, I expect they will shine again as bright as the star in the sky at night.

The ETC price is controlled by the Ethereum Foundation and the hacker. If they want to the price down, it will go down.

why are all the ethereum topics getting bumped up today.

is there anything going to happen with this coin?

i hope there is a pump on the ETC so that we can see the real power of a coin which is no longer centralized. so far ETH has been getting dumped so hard while ETC has been rising. i like it.

I think the Devcon2 will happen in the next few days.

he Ethereum Foundation presents

Devcon2 – September 19, 20, 21

Once a year, the Foundation’s own team of developers and researchers emerge from their dev caves to present and discuss their most current work and innovations. They are joined by guest speakers who represent key contributors, collaborators, partners, peers and colleagues from the greater Ethereum community.

Wanxiang Blockchain Labs presents

See more on the WBL events at http://www.blockchainweek2016.org/

Demo Day – September 22

This new event provides a day for entrepreneurs and founders to demo and pitch their companies, concepts and innovations to attendees interested in exploring the world of blockchain startups and ventures.

Global Blockchain Summit – September 23, 24

This 2nd annual conference in Shanghai is known for attracting top-level attendees from Asia and around the world in business, trade and industry, government, and more.

I assume there will be massive price movement on the price of ETH before and after those events.

but ethereum ETH still the best with comapare ETC etherum classic

More likely ETH now back at 1 billion dollar market cap level for the nth time.

The Etheruem market cap is already $1143 million. So it is a 1 billion dollar block chain again. I think it will be 2 B soon.

agreed. Too much gud news coming out of devcon2.

I wish good news about ETH really never stops.

Some good news:
http://fortune.com/2016/10/04/jp-morgan-chase-blockchain-ethereum-quorum/
Why J.P. Morgan Chase Is Building a Blockchain on Ethereum

It’s called “Quorum.”
J.P. Morgan Chase is developing a [Suspicious link removed]monly referred to as a public ledger, atop a crypto-network called Ethereum.

The system, dubbed “Quorum,” is designed to toe the line between private and public in the realm of shuffling derivatives and payments. The idea is to satisfy regulators who need seamless access to financial goings-on, while protecting the privacy of parties that don’t wish to reveal their identities nor the details of their transactions to the general public.

Amber Baldet, blockchain lead for J.P. Morgan  JPM 0.14% , introduced the project in a technical steering committee meeting of the Hyperledger Project, a year-old off-shoot of the Linux Foundation that collaboratively researches blockchain tech, at the end of last month. She said the team had chosen to work with Ethereum, despite recent challenges, likely alluding to a recent hacking incident, because it has been around a while and banks are familiar with it. (You can read Fortune’s recent feature on Ethereum-creator Vitalik Buterin in the “40 Under 40” issue of the magazine.)

Unlike the open free-for-all that is Bitcoin, in which anyone with a computer can participate in the network, the nodes that run Quorum must receive permission from some higher authority to join. In many bankers’ view, this gateway prevents corrupt or malicious operators from entering the system. Critics, meanwhile, counter that requiring permission bucks the main benefit of a blockchain: enabling untrusted parties to interact.


In practice, J.P. Morgan’s Quorum is a modification of the Go Ethereum client, a popular software program that supports the Ethereum network. Quorum features an updated consensus mechanism, the process by which different computers agree on the order and legitimacy of transactions on the network, created by Jeffrey Wilcke, one of the founders of Ethereum and developer of the Go client.

In effect, Quorum has two layers of consensus on a single blockchain, meaning two ways of reaching agreement about its transaction records, both stored on one distributed database, or blockchain. The first layer verifies public data, and the second layer verifies private details.

“We get the best of both worlds,” said David Voell, engineering lead for J.P. Morgan’s corporate and investment banking group, during the Hyperledger presentation. The technology swaps out private transaction data for cryptographic hashes, condensed and scrambled versions of that data, which conceals their true contents. Both the public and private data reside on the blockchain, but they’re parsed separately, he said.

“The key to this whole thing, again, is a single blockchain of everyone continuously checking the integrity,” Voell said. And yet there is still a “clear separation between private and public,” he added.

The slideshow, available online on Google Drive, presented the system as “a permissioned implementation of Ethereum supporting data privacy.” (An audio recording of the presentation is available here.)

The banking sector has been touting blockchain tech as a possible way to cut costs and revamp back-office IT functions.

Get Data Sheet, Fortune’s technology newsletter.

J.P. Morgan has also worked on a project called Juno, another distributed ledger that emphasizes scalability in its design. At the same time, a number of companies are building private blockchains, including R3, Chain, and Digital Asset Holdings.

“We have people building the most stress-tested financial systems in the world,” Baldet told the Wall Street Journal. “Bringing that enterprise expertise [to blockchain] is one of our strengths.”

The J.P. Morgan representatives on the call said they plan to open source the documentation and code base behind Quorum by the end of the year.

About this Quorum project. To said some more we need first to see it. They said that it will be a compromise between public and private  transactions.

My guess is, it will look like this: "if don't want your transaction showing publicly pay us more!"

Also J.P. Morgan said: "We have people building the most stress-tested financial systems in the world"

Isn't the most stress-tested and robust financial system in the world Bitcoin's blockchain?

ETH and ETC have no difference except the manipulations of the big whales in ETH which are not present in ETC. and that is why ETC price is falling.

so in fact we can clearly see what would happen to ETH if someday the manipulators stop manipulating the price or they feel like they have exhausted the pump-ability of this coin and they feel ready to move on to the next pumping project.

The Pursuer was a tough nut to crack in DSII.

ETH does not suffer from market manipulations by big whales, if it was it would be going up and down in large swings. As it is it has great backing and support by many many large insitiutions who are investing in the tech, so it's a mistake to assume this support is by whales. Simply not true.

ETC Criminal Coin is going down simply because of what it stands for; criminals. And only fools would invest in a criminal venture.

it's not that whales are not on etc, it's that etc is much smaller, you need a serious pump to increase two coin at billion of market cap, not something a whales or many whales can do without investing a shit load of money

You know you're a shitcoin when a DAPP on Ethereum like augur has higher market cap than you. Augur 110mil, ETC 101 http://coinmarketcap.com/

So for casual mining, ETC is best still?

Would my desk overheat if i mine with two 390 card?

I haven't checked but even if it is by a small margin, is still not worth it unless you convert to ETH as soon as you mine anything, because growing potential is not really there. Also, 2x 390 you'll have about 500+ power consumption, but you can lower voltage untill it is not stable anymore.

At the current rate of rise of the difficulty, the Etheruem mining with the R9 390 will soon be unprofitable.

That is right. If your electricity price is more than 0.2 dollar per kWh, it will be not profitable in the next few days.