It is better for ETC followers to avoid the coin right now and wait for it to go down further. When it has stabilized, then that will be the right time to buy and be confident that the bottom has been reached.
Agreed. I believe there's still a little more dip to go, especially with the end of the month coming. DAO hacker will be moving the funds around, more FUD will ensue and price reacts accordingly. Funny enough, all this is happening so near to Devcon event. Conspiracy much? 3rd September? if correct. Dao on the move. |
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@Longsnowsm did you ever get your wallet sorted? and yes, 100% video  |
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Wasn't Ethereum Classic UK (London) Kickoff abyssmal?
Some dude with a cheap camcorder on a buget tripod and one ambient mic. Come on people this is supposed to be a multimillion dollar coin.
Get a production team in, you armatures!
Mocumentry or what? It looked like somthing by the foundation.
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remember you got it here first.  |
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Ethereum Classic UK (London) KickoffLive Stream here https://www.youtube.com/watch?v=LtxlrNoKKOg
or https://www.youtube.com//watch?v=ZdPb2jAGE-c Internet down at London Event. Video of event https://www.youtube.com/channel/UCddiMrPPUIA-xg-Lkt9BTqASlack channel https://ethereumclassic.slack.com/archives/etc_qandaLocation: Eversheds LLP, Headoffice, 1 Wood Street, St Pauls, EC2V 7WS LONDON Time is BST (GMT+1h) 7:00 - 7:30pm, Presentation: Ethereum Classic, Past, Present and Future, 7:30 - 8:30pm, Panel Event: Discussion on The Future of Blockchain and Smart Contracts in Light of The DAO Hack and the Hard Fork. Overview of discussion: 1. Views on DAO's for automating business and legal processes 2. Philosophical question about human intervention after a smart contract is deployed 3. The DAO hard fork, what are panel's thoughts? 4. What are the standard procedures to re-appropriate stolen money in a traditional financial services scenario? 5. Could a similar legal approach have been used to stop the DAO hacker accessing/using assets? 6. "Ethics" of immutability and its limitations with centralised interests. 7. On the ETC chain the funds are still in the hands of the hacker and RHG/Polo, could a similar legal approach discussed earlier be used here now? 8. What important controls could be put in place to help manage risks of hackings on future DAOs? 9. Considering how the legal and regulatory framework copes with financial crime, what are panel views on whether or not existing framework can be adapted for an immutable blockchain or whether or not a new framework needs to be created, because immutable its is the future? 10. Closing comments 8:30 - 9pm, Drinks and Networking Panel of senior finance, legal, regulatory and tech specialists will be ok the panel.
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If lets say I want to invest $1000 in a hardware equipment for ETC mining, where do I start, and how much profit can I make daily, with this current hashrate and price etc? I am getting electricity on a fair price here. And on the other side, I am not so technical about setting up the equipments. Are there tutorials for it?
On the other note, I really belive in ETC and the immutable deal around it. We can easily reach parity with ETH in the nearby future, like 1-3 months. Maybe we dont hit $10, but ETH might fall and we might get up to $7 per ETC. What do you think?
Ethereum Classic mining rule of thumb. $1000 cost = 100MH/s mining = $100 per month $1000 usd to get a a rig to do ~100MH/s 24hours mining classic @~100MH/s to a pool = 3.6 Etc per 24 hours at current diff ($100 per month) that will pull ~1kw per hour. 24hours would be 24kw/h |
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Looks like down trend will continue today.. im considering to sell my ETC's and buy them later for lower price.. any suggestions?
I don't give investment advice. You need to choose. Then you can blame you if you choose wrong and, it will not be my fault.... so choose well. Own you own decisions. I'm here for the long haul, I'm mining for financial freedom from the centralised control of bankers and foundations and fat dev teams who think they are rock stars, living the high life at our expense. Not for money. The money will follow. |
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Yer.... I saw it, I keep reading things like "Without a team of developers, the uphill battle will become very steep in the coming weeks." The media just do not check their facts do they? Dev team live and well, look https://trello.com/etcdev@kamidela, Trollbox on Poloniex was it? Get it while it's cheap! |
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Price is going to hell... I am scared
Don't be scared. But don't trade on emotion either. It will come back. Maybe not today. Maybe it is a good time to buy? If it goes to 0.0001 i will still mine it and so will many others. Chines and Russians love it, as do the Koreans, as do the British. It will not go away. It has too much research potential. |
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Also, if you had no access to banking but wanted a dapp that was not open source, you could pay for the dapp by leaving your phone mining for 6hours or so while charging it with a small solar panel.
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We could have the first Mining Dapps for phones, from the bloke that owns the company that has lead the field of research in this area. Think of the take-up in the underdeveloped world. Its a good job Charles comes for free, we could never afford this development milestone otherwise. He gets to test his Theories with a live network.
Think of the demand for 64GB and 128GB phone memory cards!
For phone? I think it is not good for the phone, because it will be very hot, lol, like PC. And power of battery is much lower than PC, have to keep charging. Maybe just mine when you charge your phone so to help pay the electricity for charging. A smart contract could settle the bill with whoever you got the charge-up from. Maybe shops, cafe, Library, Post office or any public building in developing countries could offer charging. Moreover, a network of desktop harddrive mining rigs would supply the phones with an immutable decentralised cloud space for storage and dapps. If you already mine ETC with GPU, just add HHDs and software and your HHD mining and earning ETC. |
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We could have the first Mining Dapps for phones, from the bloke that owns the company that has lead the field of research in this area. Think of the take-up in the underdeveloped world. Its a good job Charles comes for free, we could never afford this development milestone otherwise. He gets to test his Theories with a live network.
Think of the demand for 64GB and 128GB phone memory cards!
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Charles writes.... Rather, I'd love to see a gradual transition towards a hybrid scheme with two purposes. First, I'd love to see a useful proof of work algorithm with a strong connection to the DApp model in general (and yes that also means getting rid of the difficulty bomb). Second, I'd love to see ether holders be able to use their stake to make meaningful decisions about the future of the platform.
There is a formalized blending proposed by several VCU researchers that I believe can be used as a foundation towards this effort. With respect to usefulness of the PoW side, proposals like Permacoin and Spacemint have merit as they start a conversation about decentralized storage in the context of consensus (Elaine Shi has also extended it a bit with dynamic proof of retrievability). DApps should grow in complexity and storage requirements thus to promote the construction of a decentralized database concurrently with the security of the network is a novel solution.
IOHK is preparing to publish a paper inspired by Permacoin called Rollerchains that could be a nice stepping stone for the system. Somewhat ironically, we are also preparing to publish a provably secure proof of stake algorithm next week. I suppose this demonstrates our agnosticism towards consensus algorithms. -end quote What Charles is speaking of here in this Proof of Space, Proof of Capacity, HHD hard drive mining idea as a type of algo as part of the current Proof of Work. It would also be clowd space for your smart phone DApps. Like i wrote about on page 169 here: https://bitcointalk.org/index.php?topic=1559630.3360 Charles bless, you do over intellectualise everything so! |
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Do i understand this well, and nobodies knows for 100% how this work? Just for know, why would you hold a old version from ethereum? This version was sick, ill, not worth it anymore. That's why the hard fork...
Good luck to this anyway, but remember, 99% from the people move to the new release/fork
It is not old, it is updated and well maintained with relay protection. Look! |
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Moreover: due to the lower price of ETC, it is cheaper to use and uses less gas to transact with the immutable chain using smart contracts. As opposed to transactions on the forked Chain anyhow.
So we out compete on price and on immutabilty
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