Bitcoin Forum

HI,

Is it as big as Bitcoin ? Should we buy some tokens ? Looks like Ethereum can be mined as well.. what is the profitability like, has to be better than Bitcoin at this point, plus good to reuse all those miners hardware ?

yeah profit of etheruem is better, one 480 rig can do 0.01 per day, which is very good, for instance the antminer s9 is crap in comparison and consumption is also very bad, it's always better to mine if you want to accumulate, because mining is profitable for now, the only bad thing is that with mining you generate in a slow way your coins with trading is faster but more risky

not even close!

right now, no because it was recently pumped and now the price is in a bubble which means it will only go down from here with some small come backs (dead cat bounces). and you can see it already going down hard because it is getting dumped these days.

generally again no. because it is a manipulated coin, and the coin itself is centralized unlike general altcoins.

mining ethereum was very profitable at first but i think it is nearing the end since the difficulty is higher now and price is not really as high as before.
and when it comes to mining you have to consider the electricity cost too.

Why would you say Ethereum is centralized ? Isn't it the same like Bitcoins, once you have ethers in your wallet you can send them to whoever you want ?

Is the ethereum supply capped to a maximum like bitcoin ? Or is it they just "mine" as much as they want.

From what I understand the Ether is supposed to be "fuel" like but is being traded at the moment like currency. I guess no harm in that. Since Microsoft etc have joined it, seems like it is here to stay, given its API innovation over Bitcoin.

Because a lot of the big companies were having relation with ethereum foundation, smart contract, fast transaction, minimum gas fees. and still have a potential to being a bigger in the future.

if you already know the answer, why ask?
yes, etherium is a centralized scam crap the big whales and banksters people want it to take down bitcoin.
every big projects using or related to ethereium are getting burned pretty badly. people are moving on when they realized it's just crap created by some little kids living in their parent basement.
oh, it don't even have a plug and play wallet, it never will. it's seem some big stuffs(dark force) are behind this coin/token but in reality it have nothing and offer nothing, hint, the no plug/play wallet.
the people will continue to be fool by this scam many years to come as long it still list in poloniex.

the good part about etehriuem is that mining is very profitable as the banksters keep throwing their free money into it.

What the hell is a plug and play wallet and why is it a bad thing that eth doesn't have one?

But the points above are valid.  I think eth is crap, but so are hundreds of other shitcoins.  Eth is just better known than most of them.   If I were OP I'd not buy eth or anything else that isn't bitcoin.

plug and play in my context simply just download, install and let it synced. doing nothing in order for it to work, simple click of smart contracts etc..

I believe that you should buy ETH, but at a smaller price than we have right now. It is a good altcoin, with a lot of new features, when compared with BTC, and it is supported by several companies (ranging from financial to tech ones) because it can have more application than BTC.

the difference is that ethereum manipulators have a lot more money than a poor nobody developer. and that means they can throw in a lot of money into their advertising campaign so that shills spam the hell everywhere.

do you see any of them around anymore? no because price is falling.

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to understand how terrible ethereum is, and specially to see why the wallet is horrible, just head over to Lisk and use it for a little while then come back and report.

I agree. The coin supply is not even decided yet. I.e they can print as much as they want. If you can make a profit in the meantime that would be great however. Bitcoin started that way as well. There is just couple of threads I have been able to find out so far that talk about Ethereum's supply. Basically they say it will be 80 - 120 million in the next 2 - 3 years. But again they will decide.

This is where Ether is different than Bitcoin and the main reason I have doubts about Ethereum . They can print when they want therefore the value/price of Ethereum will be pushed down by this. On top of that it is not clear yet how fast your Ethereums will burn in "fuel usage" i.e. there is not much ehtereum apps yet I guess, so we don't see ethereum burning rates yet. I guess Ethereum won't burn by itself in your wallet, except due to inflation the way fiat money does. But surely the ethereum inflation and the fuel-burning process will both keep the value of Ethereum down.

I too agree that despite all this, there is most likely money to be made in the process. Banks and corporates like it because of the inflation prococess and they are looking to move currency to being digital so they will likely support it, especially that is now the second one after Bitcoin in market cap...

Do you think it is better to mine on your own or get on a cloud-miner. ( I am not even sure how cloud-miners work, I think I pledge say 1000 USD for 1 year and it mines at a rate of say 26Mh and whatever coin you get in the end is yours. ) ? Or to decide to buy and not mine.

seems to me like you already have all the answers and made up your mind and to be honest i find it a little strange that you are "asking question" but then make statements about ethereym.

it is centralized because nothing is done based on consensus and what all the network agree upon. we saw the hard fork already. majority of the hashrate and nodes were against it but they did it anyways and it left it with ETC.

being centralized means that.

no it is not capped. there actually is no maxim to it yet. and there is about 5x-5.5x more supply than bitcoin has and it is growing fast.

on top of that 70 million (about 75%) of that supply is in the hands of foundation and owners of this coin.

ethereum has always been supposed to be a pump and dump coin. that is why the code is this bad and full of bugs.

you have been misinformed my friend. Microsoft has no relation with Ethereum.
Microsoft has a platform called Azure that you can add practically any random altcoin to it and no surprise, there are many altcoins there. that is as much involvement Microsoft has with ethereum.

again you have been misinformed. Bitcoin has a clear cap at 21 million from day 1. and ethereum has been evasive about the cap from day 1.
and it is already about 90 million coins last time i checked and in 2-3 years there will be at least 300 million or more.

having 90+ million coins is enough to kill the price and it is being created more every day.
the main problem however is not that, it is the fact that most of the coins are in control of a few as i said above.

there is always money to be made as long as there is a name and an exchange to trade that name on it and it is being pump and dumped. eth is not the first and wont be the last.

ethereum is not centralized, but buterin dumped a big amount in the past and this make it like it seems centralized, because a single person holsding that much it's bad for the coin, and ethereum supply is like bitcoin, there is a limit but it's much higher, making it less rare, afaik only doge has infinite supply, all other coins can be mined until the reward end

Looks like eth is going down again,some months ago I sold all my eth,and last week I purchase a small amount of eth just to try my Jaxx wallet now the value of my eth in my jaxx wallet is lower by $5 but I prefer to hold more eth I know this coin still has a huge potential in the future.

I also think it has future potential, very big one. The only problem is that it offers so many opportunities that there are potential big security problems. But if everything goes fine, I think ethereum should be considered as a long-term investment. I'm not selling it unless it drops to $20 or so which I don't think will happen.
OP, wait till the price goes down a bit and buy!

Correct sir :)

BS

Current drama show that BTC is not so decentalized... at least in case of mining.
Miners using exploit block BTC segwit to mine on exploit +20% more.
*****
Imagine such sytuation in EHT ? Vitalik will make hard form same day when he will spot exploit in code.
If some feature would harm ETH he will cut it out like those spam attacks while BTC is ...
stagnating and miners thinks only about extra $$$ and don't give fuck to future of BTC.

At some point i have woke up and relized that mining in BTC is so centralized.
Bitmain with their +20%+30% exploit put put of buisnes 2 asic companies.
Now they block BTC eveolving to keep advantage - this is pathetic.

Same time we have ETH and when such shit comes out is cleaned fast and coin is making progress.
Looking from out side i admire ETH for that they do what they think is good for ETH and don't give a shit to miners interest.

While in BTC miners don't give ashit to BTC future they want just more $$$ from mining even for BTC stagnation.
So don't shit to much on centralized ETH while BTC have very sick ecosystem.
In that ecosystem ONE single company stops whole BTC network for mining advantage this is just hilarius and pathetic.

At end BTC fans comes and shit on others how they are centralized while BTC is also centralized - look how BTC can do shit about bitmain and their asic exploit same time those folk have killed competition with advatage and not are king of hill :)

PS: I don't have single ETH but  most BTC but i am not blinded shil just look at :
https://bitinfocharts.com/comparison/transactions-btc-eth-dash-ltc.html
BTC is falling in usage while ETH is booming after BTC trafic jam.
Here you see true market cap swamp.
Bitcoin miners will see power of free market soon - once they will earn less than ETH they will beg for segwit but it can be to late. What a pathetic sytuation

I appreciate all comments. Not sure how I feel about investing in Ethereum just yet, I need to research more..

I only heard about Ethereum few weeks ago when there was an announcement that Microsoft, IBM etc have formed some sort of Ethereum foundation or cooperation .. It is late and I am even tired to look up the url but here it is http://www.zdnet.com/article/microsoft-intel-banks-form-enterprise-ethereum-blockchain-alliance/

So then I watched the Vitalik presentation where he explained that ethereum can run small programs distributed accross PCs. Like bittorent but for applications. So I figured that is why Microsoft / IBM are interested - because it is a distributed API platform. Banks are also mentioned as interested in the alliance, which probably is due to the fact, like I already mentioned above, that Ethereum can be inflated as much as they want. Banks like that.

Like I said ,I am not trading no coin at all so I am not into all this... but thought I don't want to miss if Ethereum is going to be jumping like bitcoin is. I can put some small amount in this just for fun.

I appreciate all the responses. It does seem like there is many "blockchains" these days and the newest thing seem to be... like Ethereum, they just sell their initial coin offerings for cash/bitcoins. So they are really crowdfunding themselves. Very clever of them. But for people like me... we just wanna see if can make some cash or maybe some site providing some service around crypto currencies ...

I hate the fact that they initially presented ctyptocurrencies as decentralized alternatives to fiat money... but today seems the crypto business model is to be  doing the "pump and dump" kind of deal ... Cryptocurrency has future and so there is new currencies all the time.

I hated bitcoin for Mtgox... those criminals stole money... and it was my first try ... So I got caught in a bad luck situation. I am not sure If I even trust any of these exchanges.. not that I have used any.

Ok I am just rambling now.. over and out.

Today their are so many projects which are running on ETH platform which is making ETH grow more and due to transaction confirmation delay and heavy fees on transaction is making bitcoin more expensive and less famous but still their is long way for ETH to compare with Bitcoin as in the end ETH price is compared to Bitcoin only.

As quoted ethereum based projects are running successfully. Along with the same there are more and more growth experienced in ETH than other altcoins. Recently it became the second digital currency to reach highest capital.

useless crap after useless crap
the dao, hundred of millions wasted!
r3, hundred of millions wasted!
ethereum blockchain alliance is no different.
all using ethereieum. like i said, people are being fooled as they believed some kind of dark force is behind this crazy hype etherieum.
they're keep using crap that is not working. they all should be fire for mentioning something like etherium in such reputation companies, to me it sound like these guys are miner them self and this is the legal way to steal the money from their company. i'm sure these guys have personal benefits from it in some ways by using etherium, to steal their companies money.

first of all what exploit in BTC!!!

also the current drama is actually proving that bitcoin IS decentralized. if it were anything like ethereum or other centralized altcoins, it would have forked already and left another forked chain behind!

being decentralized, as i said above and you didn't read, means one person or a group can not control the decisions. it needs consensus and no change has reached that level yet which is why bitcoin will stay as strong as it was before.

if you really want to invest then do it. but don't fall for the hype, that is all i am trying to say.
as traders we all know ethereum is an awesome investment if you know when to get in and when to get your money out. because the pumps will always have an expiration date.

I think the interest from big tech companies and banks is genuine because of the distributed API and the inflationary/coin printing abilities. I think this is a strong pointer that  it will keep growing. And I don't want to support another fiat coin, but what can one person do ? Only try to make some cash.