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What will happen to the miners of Ethereum after the switch to proof of stake? I have asked this question before and I have received a lot of answers that say they will mine other coins. They are in denial of the certainty that those miners will go to the cryptocoin that is most convenient for those miners. ETC.

The hashrate of ETC increased to almost 2 terrahashes and rising. The price is also rising at a good pace together with hashrate. If the hashrate of ETH is falling then we could see that a shift is happening.

It is this article made me think about the ETH and ETC landscape.

https://www.crypto-news.net/wp-content/uploads/2017/04/U5drUwVkqnRhsbcRxBJ7r1ECT1de1Ut_1680x8400-640x360.jpg

The Taipei Ethereum Meetup

Vitalik Buterin is one of the biggest players behind Ethereum, he is one of the founders and currently working as lead developer. Vitalik Buterin showed up at the Taipei Ethereum meetup, where he made a statement that the prerparation for Proof of Stake are now 75% complete. This is good news for all the people who are expecting the release of Ethereums next stage.

Where is Ethereum heading towards?

This is not the very first time where Ethereum came into news headlines. In one of the recently held interviews, Hudson Jameson, another founder and a  member of the Ethereum Foundation, gave an insight about the cryptocurrencies development. He explained how the roadmap for Ethereum will look like in 2017. Within a period of six months, they are looking forward to release the next version of their code, which is called Metropolis. After that, the consensus protocol will be switched from proof of work to proof of stake.

Read the article in full https://www.crypto-news.net/ethereums-proof-of-stake-is-75-percent-complete/

I think price of ETH may be decrease after 1 year from this

Damn that's so fast, Proven ETH be trusted altcoins.I guess take your part from now ;D

Not sure about this.

I'll probably keep buying Ethereum because I need to diversify from bitcoin anyways, but Ethereum Classic seems to be a real alternative right now for the PoW miners out there. Price of Ethereum is still quite high though.

I'll just hold and see :D

Good news for ethereum holders
if this true,, it will make the ethereum price start the rally again..
 :)

you would figure price would go up with such less coins being made per day compared to now, only time will tell, i still think current price is to high for me to buy in hopefully it dips under 40 that would be a good entry point i think.

What will the emission rate be under the Proof of Stake?

Never if they will go for masternode system it will be price boost like 4x over time.
Masternodes will eat inflation + volume from dao's : ) and price may rise overtime.
Since POS masternodes will be payed for REAL service that is diskspace so i think this can work.
In BTC people are calculation for fun some string here they will provide usefull enviorment for network.

PS: I have whole 0.1% Eth vs 95%BTC but i am not blind fan boy.
Look at NEM low inflation and price nicely climbs same will be with ETH.
If now ETH can survive 14% inflation imagine that price boom when with master-nodes ETH will have like 2% inflation.

Just because Ethereum becomes Proof of Stake doesn’t really matter for the price in the long run. I mean what ethereum is today and the price and the marketcap is not directly correlated with it.

I think all these smart contracts and ICO’s that require eth instead of BTC and such reasons are why eth is so big, not Proof of Stake. I have no worry in the World as an investor fort he long term.

Oh no, do not think so ! If they go the masternode way, except at least 0,1BTC per ETH, if not more ! However, I doubt there will be a great shift, as they will be splitted near equally into Monero, ZCash, ZCash Classic and Ethereum Classic.

masternode is the next crash and burn.
yes the model works.
but there will be blood.

 When considering future eth price after the change.. dont forget all the many miners who will feel burned and want nothing with it in any form, despite knowing so long in advance the changeover would happen. Those are/were the hardcore alt people who drove it into acceptance and can drive it into the ground later with bitterness

Despite of changing from POW to POS

How would the price get affected?

As POS = % of holding annually, which means user need to hold to generate

Therefore, a raise?

PoS will be a huge boon for ETH. Expect the price to rise dramatically when it is implemented.

How long till Ethereum POS algo changed?

Certain POW Blocks reached?

This is also something that I would like to know. I guess there is stll nothing planned, and it will come when it will be finished. Then once finished, they will announce a date.

miners of altcoins, specially when they know these altcoins have no future, will always switch to the most profitable coin. they mine and 99% of the time dump and in 1% they hold until a pump and then dump. and when things become less profitable they simply switch to a more profitable coin!
ETC can be a good candidate but there are a lot of other coins still out there giving good profits to miners.

it will go down for sure but not because of this, this can actually cause some rise. but ETH will go down because it is a bad project with many holes in it.
and on top of that it is currently in a big bubble.

When hybrid mining and eventually full POS will happen, price will naturally increase because the pressure miners put on price ( by selling ) will cease to exist.

The curent miners will split among the several gpu mining projects out there, but since their market valuation is low, and if their value doesn't increase, then most miners will be forced to sell their video cards.

ETC's hashrate increased because it, like several other projects, got pumped out of blue without any reason. Therefore it lured some more hashing power.

Remember this: in 1 year time ETH's new floor will be around 100usd. ETH will get anonimity in summer with metropolis, mass offchain scaling with raiden in 1 month.

Brendan Eich, founder of mozilla and javascript's programming language, he and his team will hold an ico on ethereum. They are building a web navigator, called Brave, with adblock included, and with an option to disable adblock and basically get paid for enabling ads. Currently, not having adblock enabled is a pain in the ass because sites load slower, they are annoying, and all the benefits are going to the advertisers/sites/products advertised. With Brave, they will have to share their profits.

Some other fresh news: http://www.coindesk.com/the-united-nations-wants-to-accept-ethereum-and-bitcoin-and-soon/

https://cointelegraph.com/news/ethereum-based-food-blockchain-issues-demo-starts-testing-phase

https://twitter.com/ConsenSysAndrew/status/856335397726670849

Billionaires, academics, institutions, corporations, they are all interested and one way or another working on ethereum. There are over 250 corporations interested to join EEA.

Ethereum is not bitcoin. All the talks around bitcoin is so delusional, something like this: "how much do you think BTC will worth in 10 years? Will BTC replace fiat system ? Why isn't everyone using bitcoin ?
Meanwhile, ETH's talk subjects revolve around dapps, different kind of projects, development, scaling, privacy, institutional interest, corporate adoption, academics implementing ethereum in universities, etc.

when ETH will go full pos other coins will have better value and allow miner to have their profit, otherwise all the nethash of eth will destroy any other coins, because etheruem right now have 20TH of gpu which is equal to 100k rig!, no other coin can take this hashrate, maybe they will pump ETH classic? could be


75% since end 2015 so i think by the end of this year ETH is fully pos?

No, this is not exactly true. Miner not exactly go all the time to the most profitable altcoins. See Monero. This is not the most profitable one, but yet, there is some people dedicated toward it that will mine it whatever the price as long as they win at least some money. Monero is the proof that there is still some ideological miners.

The reward for ethereum will be over as soon as possible. There will be a limited supply for the ethereum token. It will make FOMO for ethereum. But do you think 3 digits for the ethereum will possible in the future.
Big pump will come to the ethereum market.  8)

This will change the new coin creation rate for ETH, lowering it. If fewer coins are created, probably the price rises, if the demand continues to grow. And why the demand will increase? Smart contracts, new ICO and other stuff that consume ETH to run, will keep the market heated.

The real answer is the miners after supporting the ETH network will have been screwed over by the Ethereum Team. Anyone who  suggests they will just mine other coins doesn't have a basic understanding of mining at all.

As soon as all that mining power attempts to move to other coins, the difficulty level will sky rocket and mining the coin becomes unprofitable. In general the quantity of hashpower following a coin mirrors price. If price goes up making it more profitable to mine new hashrate comes in to support the coin. If price drops eventually miners start loosing money and hashrate drops. This creates an equilibrium between price and hashrate. This equilibrium means that in most cases coins already have a hashrate in proportion to the value of the coin. It's because of this balance that the hashrate of the ETH network has no where to go.

@shyliar. Thank you for making it clear for us. Now that Ethereum classic's price is going up would you go as far to say that this is a controlled movement or development by the miners, developers and whale traders to slowly get all that hash power from ETH to transfer to ETC?

[1] would not ETC go POS as well?

[2] PPC the original POS coin will be proven correct and become one of the backbone high value coins as its designed to do exactly one thing well, be the Backbone. No other coins even (seem) to understand or tried to be this. The are all be a swiss army knife of everything, which means compromise on many things.

[3] BTC is realistically faceing problems due to dev issues, and the mining head wind that is always against it.

1. ETC won't go POS. In ETH, POS isn't simply POS, like what other projects have. But in ethereum, POS also means scaling and a shit ton of different projects and development.
ETC devs aren't capable of providing this kind of development, therefore this is the reason they hardforked, removed the ice age and set the coin cap to 210-230mil tokens. They can barely copy some updates the Ethereum foundation does. But weren't even capable to copy the update to remove the blockchain bloat caused by the spamers ( they could implement it when they removed the ice age if they were capable ).

2. Nobody cares about PPC. If you want to succeed post bitcoin era in crypto scene, you gotta do so much more than simply aiming to become a currency. Atleast, if you really want to be only currency, you'll have, at minimum, to have privacy and be able to scale onchain. No project can currently really scale onchain, despite what they claim. Ofcourse, i'm talking about public and decentralized projects. Projects owned by private companies that are centralized databases don't count.

3. I don't think BTC has a future. It is supposed to be peer electronic cash system as written in here https://bitcoin.org/bitcoin.pdf . The excuse with "store of value" is made by people who wanted to attract greater fools and by the people who came late into BTC ponzi game. It can't scale, fees are huge, and it's not working/used as what it was programmed to do. Eventually it will run out of greater fools, and in the future because of the halvings the reward will be so small miners won't be profitable and it's security will decrease. Because nobody will pay 50$ fees to support the miners.

in relation [2] PPC is aimed at being a backbone "currency". This is something most still don't understand. Its the opposite to a retail currency

Approval of a potential ether ETF - although subject to final approval, would mark the latest development in the ether market, following recent price increases that saw the ETH 1 rise above $ 50.
The SEC is also seeking information on what approach to take, although notably a previous request has not been answered, the agency said.
So now it remains to be seen whether the SEC will approve the proposed ETF. Last month, the SEC vetoed changes to rules that would have allowed access to two bitcoin ETFs, citing concerns over market surveillance and insufficient regulation.

SEC is seeking information from whom?

WOW really ? Impressive with the ICO from 2014

I can't wait to get my Ethereum ROI'z card !!!!!!!111ONE

http://models-workshop.com/wp-content/uploads/2014/03/shut-up-and-take-my-money-23274.jpg

..i hope ETH fag's die of AIDS.  ::)

To answer point no.3, that is very arrogant of you to say. If bitcoin is not taken off from the exchanges as the main cryptocoin in the middle of all trading pairs then all other altcoins will depend in the future of bitcoin.

You say bitcoin is a ponzi? Maybe it is but what would that make the altcoins?

Vitalik should step down from ethereum. Nothing good will come of excessive fame. Not that he is a bad buy.

The demand is likely to increase, because the reward will be given for having money. So, one doesn't have to spend a lot on electricity and solve puzzles after the switch to PoS but has to proof having ethereum.
However, the guy in this (https://www.youtube.com/watch?v=PN9UXIsLu48) video says that for this change to happen we need a stable code (I hope that's not a big problem) and miners supporting this change. Otherwise eth will face hard fork and eth will be like etc is right now. The price will obviously drop big time in such a case. But I don't understand the following: miners are now having their income for solving puzzles. There will be no mining after the switch. Why should they support it then? Just because they probably have lots of eth now and they'll get reward for that?

wow it's a great news. yesterday' news said Vitalik was invited by the Hangzhou (China) government to give a speech

he's captured. if he steps down the price...goes up? don't think so.

yeah nah, your hooked on hashing. Anything that can provide security sufficiently with less drag will be just as good if not better than minning.

Do you have any examples of a pos chain that has been successfully double spent hacked or forked? I am sure there are some?

So, what is the latest. When will this occur?

a little bit of thread necromancy - what is current ETH POS status? When will it be 100% POS? I can't find reliable source of information.