Those miners who don't want to get ride of their mining rigs will simply continue to mine this fork coin. And we have seen that it's been a rough start, up and down, sometimes you will see a huge dump and then followed a a increased of like 40%... Since the Ethereum merger, the number of miners in the ETH PoW network has decreased by about 2 times. This is evidenced by the data of the hashrate network. This indicates that miners are abandoning ETHW mining, preferring ETC and RVN, which, on the contrary, have an increased hashrate. |
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...i have a idea to participate for testnet airdrops and earn some money for my daytoday expense. i will use this and will stick with you boss. thank you.
In this case, you should remember that not all testnet reward their participants and very often the awards are not as big as you expect. In addition, very often you have to wait a long time, it happens that more than a year before the main network is launched, after which an award will be distributed to testnet participants. But in any case, you made the right decision to take part in the testing, as this will help improve your skills by completing the test tasks. |
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...and yes one of the benefits buy from ico is gaining x2 or more, there is coin that x300 from the ico price. but you can gain more if you participate in community based venture capital
Not everything is as simple as you write about it. As a rule, coins purchased at the preliminary stage and as part of a public sale have a lock. Accordingly, by the time of TGE, you will be able to sell 10-15%, and the remaining coins will be unlocked in equal parts throughout the year. Accordingly, if you do not return the amount of your investment from the first distribution, then the price of the next unlock may be significantly lower than the one at which you bought. |
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...The price will be going down even deeper as scammers are keep dumping their shitty ethw mined by them, Only stupid people who keep buying that shit.
I think that most of the sales are made by large ETH holders who have received ETHW as an airdrop, since most miners have switched to mining other coins, such as ETC and RVN. It is in these networks that we see an increase in hashrate after the Ethereum merger, which increased 4-5 times. This drop is also explained by the fact that there are no people willing to buy ETHW on the market at all. |
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...1 ETHW is curently valued at $6
Yes, such a price shows the true value of this coin. Although I naively thought that it would be possible to sell ETHW at a price around $100. It is possible that if the bear market continues, the price of these coins will drop to several tens of cents. It is obvious that even now the ETHW mining process is unprofitable, so the question of who will support the network will be relevant. |
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I don't really get why fan tokens are really useful for fans... In my eyes they are pretty useless and just something else to collect for fans. ..
You don't understand, because you haven't even tried to figure out what fan tokens are and what their value for fans is. I have already written in this thread about the usefulness of fan tokens for fans using the example of the Lazio team and if you are really interested, follow the link and read: https://bitcointalk.org/index.php?topic=5413862.msg60959612#msg60959612 |
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I do want to know if it's possible for a starter to gainfully earn from Crypto trading without having to go through a professional training.
Why don't you start earning by practicing medicine or providing legal services, because you also don't have professional knowledge in these areas. So why did you decide that it would be acceptable for you to make money trading cryptocurrency without having professional knowledge? You can try to start trading, but you will still have to pay for your training with your deposit. |
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I think tokens like Fan Tokens are not unattractive to collect, but I think it's just to throw away your assets and also their value will last only a short time, depending on the momentum or not having the opportunity to grow more like other cryptos.
There are a huge number of coins on the cryptocurrency market that have no value and yet they continue to be traded on the exchange. And in terms of their value, fan tokens surpass a lot of coins in their value and are really useful for fans. And on the eve of the World Cup, a lot of fan tokens have already started their upward movement. |
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...What do you think about this? Will the SEC be able to successfully classify ETH as a security? ..
Watching the battles between the SEC and Ripple over the recognition of XRP as a security, which by the way has not yet been completed, we can say for sure that it will be difficult for the SEC to recognize ETH as a security until a precedent is set. So now a lot depends on what decision the court will make regarding the recognition of XRP as a security. |
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For transaction speed on the Ethereum network after the merge, it can be said that there is an increase,
but unfortunately Gas from the Ethereum PoS network is still expensive when compared to its competitor Binance Smart Chain,
I hope that GAS on the Ethereum network can be cheaper than BSC and if it does materialized then I'm sure people will like Ethereum a lot more
The fact that you noticed an increase in the transaction speed on the Ethereum network after switching to POS has nothing to do with the merger. The Ethereum merger is a change in the consensus mechanism from POW to POS. The increase in transaction speed is most likely due to a decrease in network load. |
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...Even Zilliqa adopted "Sharding" (which is a scaling technique), before ETH did. Yet, ZIL's price is nothing compared to ETH...
If Zilliqa there are problems with the introduction of Sharding, then these problems would not have such a big significance for the cryptocurrency market, as if the Ethereum network had faced this. For this reason, Ethereum developers will again test Sharding technology in test networks before it appears on the main network in 2023. |
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...Will you buy this token?..
In my opinion, this is an absolutely unnecessary token, since it cannot be used as a means of payment, sold and exchanged. So what then is the value of such a token? Perhaps such a value would have appeared if it represented artistic value, but only for those who are ready to simply possess it without having the thought of reselling it. |
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The merge have moved Ethereum from a proof-of-work consensus mechanism to proof of stake, thereby significantly reducing its environmental impact. However, the security of Ethereum has been compromised and people are not talking much about the security aspect. Those who understand this knows that something big have also happened to Ethereum in terms of security, but Vitalik has taken a decision which he must have weighed the options.
Without the transition of Ethereum to POS, it is impossible to increase the speed of transactions on the network, and consequently reduce commissions. This sharding technology will be implemented in 2023 after the next update and will increase the scaling of the blockchain. |
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I also have the same thought that the price will tank hard because it is almost cost nothing to create ETH. Besides, I do not think that London Fork will make ETH deflationary because ETH has no finite supply. Just check the max supply of ETH, it is infinite! I doubt this burning will even make the ETH total circulating supply to shrink. I do not even think that it will nullify the daily ETH coin production.
Take a close look at the amount of remuneration that validators now receive for confirming a transaction, and compare it with the amount that is burned: https://etherchain.org/burn Today's validator reward is 90 times lower than the one that miners received earlier. Accordingly, the issue of new coins has now decreased by 90%. There you can also see that the value of "current ETH emission" is now -0.3%, which means that the number of coins is decreasing.  |
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Sorry guys but the ETH price is going to tank hard, because now it costs almost nothing to create more ethereum big wallets can just create lots and lots of new ETH by just holding/staking them...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing...
That's not how it works at all. After the network has switched to POS, validators receive a reward only for confirming new transactions. Accordingly, the number of new coins has been sharply reduced, since there is now no reward for miners. And now, taking into account the coins being burned, after the London fork, Ethereum will become deflationary. |
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...Token moves tend to be more towards investors who play, not fans.
This is the difference between investors and fans: fans will hold fan tokens in order to receive bonuses from their favorite team, and investors will sell coins as soon as the profit received from their sale satisfies his goals. On the eve of the World Cup, fan tokens can be useful for both investors and fans. |
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I heard that testnets participants are earning good money since last year, is this better than crypto airdrops and bounties this days? Any testnet participants on here to testify this? I heard this from a friend and he claimed he got better results compare to airdrops and bounties.
I can definitely say that participation in test networks sometimes gives a good profit. But you need to understand that not all the testnets will eventually be paid, as the team may not reach the final stage of the project or simply get greedy without paying the reward. But given the fact that it is not difficult to pass the testnet, you need to participate and perhaps the reward will find you. |
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You're wrong. Fan tokens have a real use, starting from getting a discounted ticket for the match of your favorite team and up to taking part in voting on minor issues of the club. In addition, holders of fan tokens have a lot of benefits that are provided for them by the club.
Ok, if I'm wrong, can you provide about the use-case you mean? So far, Fan Tokens are just Fan Tokens, they have not provided any real use to their holders. If we talk about the future, yes it might happen, and I've also seen some visions of the industry from the Chiliz website. However, what I mean here is the current condition, these Fan Tokens have not had a real impact on their usefulness. Here on this page you can view the results of the Lazio fans voting: https://www.binance.com/en/fan-token/team-profile/lazio/vote?utm_source=fan-token On the same page, holders of the Lazio fan token will be able to vote when a new vote is opened. More details about the benefits of fan token holders are indicated on the official website of Lazio: https://www.sslazio.it/it/fan-zone/lazio-fan-token Similar benefits are provided for holders of the Fan tokens of other clubs. |
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You're right, it's not good to expect more fan tokens, they don't have a clear use-case or utility. But, if it's just to ride the hype, I don't think there's anything wrong with it, for example the world cup event that will take place this year. I think this event will have a very positive impact on fan tokens, and we can take this opportunity to benefit from riding the hype.
But if it's for long-term investment purposes, don't expect more from fan tokens. They won't give you anything.
You're wrong. Fan tokens have a real use, starting from getting a discounted ticket for the match of your favorite team and up to taking part in voting on minor issues of the club. In addition, holders of fan tokens have a lot of benefits that are provided for them by the club. |
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...With all of this taking place, I want to emphasize that purchasing and investing in bitcoin, which is undoubtedly the best cryptocurrency, does not guarantee that you will be completely sustained for the rest of your life. Consider it a reliable side business that you can use to supplement your primary income when it suffers delays or to supplement to cover up for your daily expenses...
If your income received from investing in cryptocurrencies will be several times higher than the salary received in the office, you will reconsider your opinion, which is really a side business for you. Accordingly, in this case, the income received from the cryptocurrency must not only be reinvested in the cryptocurrency, but also diversified between several assets. |
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