Any ETA on when Ethereum will switch to merged PoW/Pos?
It is not definite. |
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Ethereum is single token after bitcoin which is being used in real life
Really? Where? In many ICO? |
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Obviously this is the future, so sell all of your ETH now.
Yea, sell all your ETHf and buy ETHc. If you sell all your ETH and I will buy some. I also think ETC has no future only ETH is genuine and original platform for decentralized dapps. I am holding my ETH and not interested in classic version which is totally useless. If the ETC there is no good development, it is just a pump and dump coin. |
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Glad I bought at 7$. Should have spent more money. But money wasn't available.
So you are making 700% of profit. |
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There are still 1,609,982 ETC remaining to be withdrawn from the public “Robin Hood” Ethereum Classic (ETC) contract. After April 15th, this weekend, investors will no longer be entitled to withdraw 0.73 ETC for every 100 DAO tokens held since block 1,919,999. If you are an early investor in the DAO, you could lose out if you don’t take action now. Deadline Looms on Ethereum Classic DAO Withdrawals https://t.co/VaVMPQRRjr good notice , hope earlier investors dont forget to withdraw their ETC. it has a good future If they do not withdraw, will the ETC disappear for ever? |
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ETC going to die or what ?
why would it die? I would assume because the price of ETH has sky rocketed and ETC seems to be stagnate. It feels like the market has picked a winner already. Some whales might pump it after they get enough. |
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Well, China is the prime choice for running a mining farm for the following reasons:
- dirty cheap electricity.
-low manufacturing/shipping costs for mining equipment.
-it has a relatively mild climate compared to Saudi Arabia, which is classified as having a 'hot desert climate'. The average yearly temperature in Riyadh is 80° F! The cooling costs alone would negate any benefits derived from the access to cheap electricity.
-population that enjoys speculative ventures (i.e., gambling.)
So yes I think China is controlling bitcoin or is going to control it !
But the code is controlled by the Block Stream led team. So the China just control the mining, working as slaves. |
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Besides, it is not only cheap electricity alone, they are also the producers of the mining equipment as such. That basically means that they have another overwhelming edge apart from just electricity, i.e. they get access to the top-notch and cutting-edge hardware and technology before anyone else in the world. Obviously, they exploit this advantage in full
And that cannot be written off either
Hardware is being manufactured in China due to the lower costs, but that doesn't mean every manufacturer of mining gear is in Chinese hands. Does it give them some sort of an advantage? Perhaps, but Chinese influence in Bitcoin is diminishing to eventually such a level, that other than their cost-friendly-climate, there is not much that gives them any sort of significance. It all eventually comes down to details And so far the Chinese are controlling the mining process and the reasons for that is cheap electricity and first-hand access to most efficient miners. Is it going to change any time soon? That's unlikely. Moreover, if the electricity costs are the primary factor in the overall cost of Bitcoin mining, developing (and producing) mining equipment doesn't make much sense outside China unless you are going to export them to China again (but in that case it would be cheaper to produce them there directly). To successfully compete against low electricity costs you would have to make miners with hashing power times greater than state of the art Chinese miners. I don't think this is possible because that would require really dramatic breakthroughs in technology. But Bitcoin is certainly not a field where such breakthroughs happen I heard there are quite a few hydro stations in Norway or Sweden. They can mine there cheaply. |
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Many of us here thinks that China is not controlling bitcoin for many different reasons , I think in myself that I agree that China isn't controlling it , It just happens that China has the Big number of miners and I think bitcoin can survive with out China.
50 percent of people here in forum are believing that china is controling the bitcoin price it just because of the reason of fake volume exchange that makes the bitcoin price boost into increasing price. China also had the most users who uses bitcoin and they starting to create good technology that can change the world with bitcoin. the fact that the highest number of transactions was using chinese yuan. they have the biggest bitcoin minning in the world. they can control the price of bitcoin by influencing the supply. if bitcoin in control by china I think there will be an adverse impact, bitcoin created it actually has a purpose no one of any country in the world as well as financial institutions can dominate or control the bitcoin The Chinese are not controlling the bitcoin. The trade volume is just 30% of total volume now. |
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As things stand china is doing the most mining and the seem to be doing most of the buying as well probably the reason for the rapid price rise.
The recent pump and dump are led by the Chinese. |
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Was that a suggestion or something you believe in and I don't know why it so hard for you people to accept the fact that China did control bitcoin. Go through the below link
Then what's the problem? Are you having any problems with your transactions because of you were thinking that china is controlling bitcoin? No right? There is no difference at all before when they don't have too much mining power and now. What does it mean? It's pretty obvious that they don't have a control on it Most of the proper transactions are in the West, not in the China. The Chinese are just hard labour miners. |
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Hello, We had several more non-confirmed ZEC-transactions, so we've initiated a new investigation on the issue and had to stop the payments for a while. The results are: 1) Our previous assumption of fork-transaction was incorrect. Balance of that transaction was restored to accounts. 2) Transactions were silently refused by the network, but the wallet was still waiting for it. That happened after increasing the maximum number of tx outs to 1500 in the desire to reduce transactions count and the wallet size growing, as was suggested by the developers here: https://github.com/zcash/zcash/issues/17493) We had to reindex the wallet to restore proper balance, but it broke again after restarting the wallet... so we've moved to the new wallet again and split mining wallets from paying ones. 4) All the rejected transactions were unrolled.(Transactions removed, balances restored). 5) Payment system was updated and payments were executed. We are really sorry for not having time to answer all the mails and messages at forums, as we were trying to clear the situation and fix the payments as soon as possible. We've increased the mininmum payout limit to 0.005 ZEC to decrease the number of transactions. Thanks for the effort. |
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From what i understand is they have like 75% of control of the BTC mining. The reason is the cheap technology they have like mother boards and other components. Not to mention the cheap energy they have. Its very hard in the USA where i live to compete with them due to how expensive energy and computers are here.
You're absolutely correct and that's the point why China is the controller of bitcoin. But I don't know is hard for people to accept this cos you can't run away from the truth. The Chinese are only controlling the mining of the bitcoin. But the miners can also be built by westerners. |
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I'm shorting for a while now, it'll get even better in the future as the foundation keeps dumping, icos fail and dump, more future forks and more bugs. The massive inflation and pos will be the final events.
I've been shorting ETC for quite some time as well. Looks like a successful strategy. That strategy can be applied to Ethereum as well as they both dropped a lot recently. Although ETC is a bit more. In the short term, I guess both ETH and ETC will go down further as BTC sways its way up. Maybe the price in the bitcoin will go down, but the dollar price will go up in the long term. It might happen. |
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What model and how many graphic cards do I need to mine ETH with 200 MH/s?
Can you guys help me out?
Thanks.
With the RX 480, you can mine it with 30-32MH/s. So you need 6 cards to run at the 200MH/s speed. |
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I try to mine the ZEC with CPU at 5H/s. But it seems the difficulty level is too high, I cannot submit shares within the time limit. Is it possibilbe to lower the difficulty limit for CPU?
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ETC network issues discussion
The ETC network appears to be facing memory usage attacks. The issue is likely related to the latest attacks on the ETH network.
•Both parity and geth nodes are affected by the attack.
•For miners, it is recommended to use nodes with 16GB and above, and increase swap size to 64GB.
•More info and advice on how to deal with this attack may be available in the #mining channel of the ETC Community Slack.
So there is attack on the ETC as well. I thought the attack on the ETH was done by the ETC lovers. |
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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. |
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i think no, maybe china has big market for bitcoin but of course bitcoin isn't controllable only with 1 country. bitcoin market based on supply and demand and no one / or country cant control it.
The Chinese could be the biggest buyer of the bitcoin. They are already the biggest miner of the bitcoin. |
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I would ask, even if Chinese companies did control Bitcoin, what is the point? They can not derive unnatural profits, any attempt to do so would only devalue bitcoin and the possibility of making profits..
They might be bribed to destroy the bitcoin if the incentive is good enough. It is my main concern of the concentration of mining in China. I heard that the Bitmain is developing a second pool at the moment. That will attract more mining operations there. |
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