I decided to enter also into Etherium family.
I have been dreaming for long to own some Etherium but now I saw the price came to more affordable levels so I lost my Etherium virginity.
I think Etherium has bright future and chances are the price will restart climbing and ETH rises stronger than ever before from this.
Disclaimer: I can be wrong also with this. It is sort of risky investment, but I am not "all in" so I am able to sleep my nights well.
The price could drop a bit further in the next few days when there are more legal argument about the validity of the "theft". |
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So the miners having 51% mining power can decide the fork or any code any way. There is no moral hazard. There is no argument at all. You just need to convince the majority of the miners.
Somebody here actually understands PoW = miners are a "decentralized authority". Ethereum miners have started voting in some pools on the "soft fork"... The "soft fork" simply freezes all ETH transfers from the DAO contract (rendering the current "attacks" unprofitable)... And there are roughly another 25 days left for miners to simply set a flag that locks up the DAO. Ethpool is voting 99.4% in favor of a "soft fork" here: http://ethpool.org/stats/votesLooking at these numbers... It's very likely miners will subsequently vote in a "hard fork" that will destroy the DAO... and return all ETH to investors. Ethereum will not suffer from the same paralysis Bitcoin did post-Gox... and still does. All the FUD you hear about "crypto purity" is from Bitcoin Maximalist Trolls... Miners acting as a "decentralized authority" on ANY issue is at the heart of PoW. Yes, the eth may be returned, but will the gesture ever be forgotten? Will the confidence in the system (and how easily it can be manipulated, apparently) ever be restored? Like you have said with Gox, no I don't believe so. But consider this: bitcoin had been around for quite some time with a much more active user base, and it's taken this long to shake off the shadow of Gox. How long will it take Ethereum, something so new and untried? It is not so easy as they think. It requires the consensus from all the miners and service providers to reverse the transactions. |
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Never catch a falling knife!
especially on Jan 15, 2015...  There is no SNB kicking in for fight back this fall... Sage advice. Not for me though.. for all you low trade skill noobs ! Me ? I am a searing white hot comet of awesome. ..i just catch them with the handle. I am not an idiot  Wish you were me yet nublets ? Or are ya all too busy gettin' DAO'd ? ..how bout dem profits yo ? I just mine and leave the trading to those that know how. So for now the coin is far above what I pay to mine it. I spend 140 in power and earn 380 in coin which is still a profit in my book.It may be we are stable at the 0.016 to .018 level for now which is fine for me. I call Bullshit.
EDIT: I was talking to a guy hours ago mining ETH and he said he was unable to break even now that it tanked. Yet you proclaim your making mad profits ? Something does not add up here.. someone is lying. screen shot taken just now. So it dropped from 380 to 359 since I posted so I am spending 140 in power and earning 359 a month and I have 18 cent power for the summer. and this is why most people posting against eth coins in this section do not understand my point. intel,AMD,Nvidia have a vested interest in propping up eth coin as it will help to sell their gear. I agree with you. For the time being, the Ethereum is still supported by the miners, it is still profitable to mine. |
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I will keep on mining the Etheruem in the future. I will save some for the long term and become PoS stake.
It may be shrewd to mine (if you insist), sell now, and rebuy later when the market settles out. Eth is most likely going down, bitcoin is most likely going up, and you could have more eth that what you would have been able to mine if you do this correctly. If you sell now and buy back later, but if the Ethereum price going down, you will still make a loss. It is difficult. |
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When the bitcoin price rises to $1000,000, I might be be able to buy a very good house in my country. I cannot imagine its price at $1 m.
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Well in my opinion, Bitcoin cannot replace fiat. The first reason it can't be replaced by fiat is that fiat is backed by banks and government, while bitcoin isn't. The second reason why bitcoin can't replace fiat is that many convert's bitcoin as fiat and it's price is also based on fiat. The third and last reason why bitcoin cannot replace fiat is that some can't simply trust bitcoin. Exactly, if bitcoins will not be back by the government, we will still continue to live at its current state and it is very risky as anytime the price will collapse if the government will declared this as illegal. I hope that would not come someday for us to continue to earn and have a good experience to transact online. The bitcoin is not officially regconized by the state in my country, but I can still buy things with it. |
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The value is now not that high now and that is because there are a lot of people that is still using Bitcoin but the most people are waiting for a better price increase so they can sell it.
And that would be nice if we all can sell it in the next year because we already waited a long time.
Most of the people are holding the bitcoin to sell at the higher price. I will use it when the price is very high. |
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Impossible to achieve this price as we have been waiting long to see price of $500 so its not possible to reach there by January.
That is right. The $2000 price is for next year or the year after next. This year, the price could be around $1000. |
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We have just past January and the price was not at $2000. The price was not even near it the price is just moving way to slowly for it to happen. I believe that it will not even be $2000 in January 2017 we are still to far away from and with the halving coming in.
Yeah already we have passed January but the price has not reached $2k as the quote. If halving gives a big effect price might reach $2k by the year 2017. that is right. $2000 price is not for the January of 2016. It is for the January of 2017. It depends on adoption. |
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Very surely for future the bitcoin will replace fiat because many people or fiat user go change to bitcoin because bitcoin is easy to transact and have many features and benifits you can get. I see the future if fiat is slowly getting down.
No it will not go down bitcoin is still not mature to rise against fiat currencies around the world, for now bitcoin is good for short investments Where do you live ? I mean the most of country still use their fiat and not easy to change fiat into bitcoin. Although bitcoin has easier transactions, but bitcoin less popularity to replace the fiat. Here in Phillipines only few people use bitcoin, because of unfamilliar, some poeple dont try bitcoin because its famous in deepweb here. Well, bitcoin adoption is surely increasing. A year ago, the Phillipines did not even have their own local board here. Now, enough noise was created and the admins decided that granting a separate local board had become overdue. Well, slowly its getting popular among all countries people. At present every country has very little users which is expected to grow which may just reduce the fiat usage and never stop fiat use. As long as I can use it to buy things with bitcoin, I do not mind if it can replace the fiat or not. They can coexist. |
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I don't think that uᴉoɔʇᴉq can replace fiat nowadays
It's a lot hard because uᴉoɔʇᴉq not known enough right now
In a few decades, I think bitcoin or other digital coins will replace the paper notes. Governments will also issue digital currencies. |
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Ah okay, in my confusion I thought it was expanse (EXP)
It seems people have more interest in Expanse, but less interest in Shift. Is there any reason for that? |
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Experience from Ethereum mining.
Just to add to the discussion regarding low Ethereum payout.
Have been running Ethereum miner with two AMD, R9 290 gpu giving around 55MH/s for 14 hours now and looking at the result so far is very confusing.
At 02:15, after 8h of mining, accumulated unexchange was changed into unpaid:
Balance.
Unpaid: 0.004754 BTC
Unexchanged: 0.00000 BTC
Immature: 0.000381 BTC
So after 8h I got 0.005135 BTC. That should be around 0.015405 BTC/Day
But from the graph during that time period I can read average speed, 55.000 MH/s and payrate 0.3766BTC/GH/Day.
Should be 0.055 * 0.3766 = 0.020713 BTC/Day.
A difference of 0.005308 BTC/Day
At 10:15, after 16h of mining, accumulated unexchange was changed into unpaid:
Balance.
Unpaid: 0.009528 BTC
Unexchanged: 0.0008393 BTC
Immature: 0.0006555 BTC
So after 16h I got 0.0110228 BTC. That should be around 0.017223125 BTC/Day
But from the graph during that time period I can read average speed, 54.94 MH/s and payrate 0.3965BTC/GH/Day.
Should be 0.05494 * 0.3965 = 0.02178371 BTC/Day.
A difference of 0.004560585 BTC/Day
Looks not ok for me. Would be nice with a more transparent offering from NiceHash so the numbers we get are more understandable.
Thank you.
Nicehash is just a rental service. It does not use your mining power. The renters pay the low price. It is better to mine else where at the moment. |
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2k is way too unrealistic, not possible to have that large price rise, even halving won't change it so much
I think the halving will only double the price, so that it could be $800 due to halving. General adoptoin will increase the price. |
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This the first Eth fork, but the price did not rise. Is that because it does not have active development?
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It will not reach this number at all this year its to much.
Although the halving is coming it will maybe hit it 1 day and than get lower.
It is possible to reach $2000 by the end of the year. But it will not be in the first half or before halving. |
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Nope, didn't happen, I don't think this will happen until we're closer to halving. All bitcoin has done has gone down.
It's nice to stay positive but I don't think bitcoin will even reach 1k this month.
It might happen in June or July. We should have 2MB block size by then and the halving soon at that time. |
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I was thinking ok 2k but what year cuz shure its not this one
January 2016 will pass soon. So the price might reach $2000 in January 2017. Even so, I am happy for the price increase. |
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We are still in January and i think that we are far away from 2k, it's simply unbelievable to think that bitcoin price will be 2k, if it reaches by this december then we should be very happy.
The target for January is $500-550. There is no way the price will go to $2k this month. It might go to $2k in 12 months. |
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It is more power efficient to mine BCN with AES_NI supporting CPU. You can also use GPU to mine it.
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