Bitcoin Forum

Alternate cryptocurrencies => Mining (Altcoins) => Topic started by: Outhue on August 09, 2022, 09:24:58 AM



Title: Avoid getting scammed miners
Post by: Outhue on August 09, 2022, 09:24:58 AM
Be careful out there miners, I went to coinmarketcap this morning and I noticed that ETHPoW ( IOU ) is already listed and trading on MXC and Poloniex and this coin has 10 million dollars volume available..

https://coinmarketcap.com/currencies/ethereum-pow/

I believe this is nothing but a shit ethereum because the merge is still far away, forks don't happen before the countdown


Title: Re: Avoid getting scammed miners
Post by: Vvang on August 09, 2022, 09:31:18 AM
IOU stands for "I owe u", its like a debt that one party owes the another, there is already ETHPoS as well on CMC ranked #2797 with seven million plus trading volume and its listed on gate io, at this point I believe the forks are real since they are in IOU form, those exchanges listed are going to support the fork but I advice against buying any one of these IOU.


Title: Re: Avoid getting scammed miners
Post by: bitbollo on August 09, 2022, 09:39:21 AM
no white paper available, no information on their website... https://ethereumpow.org/
Plus they have a bunch of icons from exchanges like binance or huobi despite this coin is not listed there.

Ok there is a disclaimer "DYOR", but I am very surprised that exchanges and CoinMarketCap are listing such kinds of coin ::) .


Title: Re: Avoid getting scammed miners
Post by: sxemini on August 09, 2022, 10:26:51 AM
But it is true. Poloniex started trading this new ETHPow this month, and ETHPow get support from justin sun for example:

https://cryptonews.com/news/justin-sun-poloniex-back-plan-create-pow-ethereum-hard-fork.htm

But year no whitepaper, no real informations on their homepage, so many redflags in my opinion but many people think this is good or real.

No one need this shit coin - mine ETC after the merge if you want, this makes more sense - ETC is the original ETH so no need for ETHPoW or how this shit is called.


Title: Re: Avoid getting scammed miners
Post by: Widdop37 on August 09, 2022, 12:01:41 PM
The project looks half-baked as of right now so do not point your miners to the coin to avoid sorry stories later, if that's the next Ethereum to start mining it will be worthless in no time, I think we are good with Ethereum Classic instead of this.


Title: Re: Avoid getting scammed miners
Post by: FP91G on August 10, 2022, 11:38:13 AM
Be careful out there miners, I went to coinmarketcap this morning and I noticed that ETHPoW ( IOU ) is already listed and trading on MXC and Poloniex and this coin has 10 million dollars volume available..

https://coinmarketcap.com/currencies/ethereum-pow/

I believe this is nothing but a shit ethereum because the merge is still far away, forks don't happen before the countdown
ETHPoW ( IOU ) are futures. When Ethereum owners can get their coins and send them to exchanges, the price of this coin will fall.
The price was around 125 dollars and has already dropped to 73. If the price does not fall much, then we can still mine this coin
https://www.mexc.com/exchange/ETHW_USDT