ETH price soaring. Are you going to move some BTC into ETH?

[marcus_of_augustus]

bankster pump altcoin ... much surprise.

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[CCV.IO]

i have to laugh at all these posts from people who see themselfs as experts on Ethereum but still do not actually understand the Ethereum core...

Laugh mate laugh...

[Sark]

Miners set the gas price that they will pay. So they can set it to whatever they like. It will adjust to reflect to the real world costs of running the mining equipment (so if ETH goes up, the gas price will decrease).

[Washika]

Miners set the gas price that they will pay. So they can set it to whatever they like. It will adjust to reflect to the real world costs of running the mining equipment (so if ETH goes up, the gas price will decrease).

If I am a miner, where do I set the gas price in the geth software? If I mine a block, can I reject the contract with low gas?

[rocketron]

As someone above already posted. All the info is in this link.


https://www.reddit.com/r/ethereum/comments/499a7w/gas_prices_are_already_kinda_down_to_20_shannon/

Miners set the gas price that they will pay. So they can set it to whatever they like. It will adjust to reflect to the real world costs of running the mining equipment (so if ETH goes up, the gas price will decrease).

If I am a miner, where do I set the gas price in the geth software? If I mine a block, can I reject the contract with low gas?

[rocketron]

 

i have to laugh at all these posts from people who see themselfs as experts on Ethereum but still do not actually understand the Ethereum core...

Laugh mate laugh...

[sanadas]

If the Ethereum rises a lot in value to say $100 each, can we use less Ethereum to fuel the transaction, or the gas required in Ethereum is fixed?

Yes, transaction cost is the product of [gas amount * gasPrice], with gasPrice being measured in ETH. Miners can accept lower gasPrice, so in the end, it doesn't matter what is the price of ETH.

Vitalik explains here:
https://www.reddit.com/r/ethereum/comments/499a7w/gas_prices_are_already_kinda_down_to_20_shannon/

That is quite good. So the Ethereum price does not affect the transaction cost at all if there is market for the smart contracts.

But it will take some time for the miners to adjust the gas price they will accept. So there could still be some risk the trade will not go through.

[avikz]

Yes I think ETH is a good bet as of now. Thought I am not moving my BTC to ETH, but I have started moving my Litecoin and other altcoins funds like, doge, BLK and REDD to ETH.

Still I am trying to buy ETH at $8 - $9.5 level and selling it for DASH as it is also looks promising.

[CCV.IO]

For those who've missed the train, console yourself with an Ethereum faucet that's works:

http://www.etherfaucet.net/?r=0x0b39bb5985710ae56f793979ee8e052e0233f2db

If you don't have an Ethereum wallet yet, visit https://jaxx.io

Enjoy  

[fricircled]

Yes I think ETH is a good bet as of now. Thought I am not moving my BTC to ETH, but I have started moving my Litecoin and other altcoins funds like, doge, BLK and REDD to ETH.

Still I am trying to buy ETH at $8 - $9.5 level and selling it for DASH as it is also looks promising.

I am a miner, so I will mine the Ethereum and keep most of the Ethereum. I will sell some Ethereum to change into bitcoin.

[spike420211]

For those who've missed the train, console yourself with an Ethereum faucet that's works:

http://www.etherfaucet.net/?r=0x0b39bb5985710ae56f793979ee8e052e0233f2db

If you don't have an Ethereum wallet yet, visit https://jaxx.io

Enjoy  

neato

[mtnsaa]

Lol, are you still mad bros??? the crazy thing is that you still have time to jump on the wagon, even weeks and months after you guys said it was all a bubble that was gonna pop in the next hour.

https://www.bitfinex.com/pages/announcements/?id=93

Maybe when ETH passes BTC in market cap you will listen.

[yefi]

Looks like it's going to 0.04 - 0.05. Wow...

[yefi]

I've bet no.

[Nxtblg]

You beat me to it! Just saw: it passed one billion.

[Tacalt]

You beat me to it! Just saw: it passed one billion.

It is amazing. I thought the price would stop at $10, but it jumped to $13. The market capitalization is also over $1 billion.

[Feri22]

It is still going up, without single bigger dump or big correction, just straight up. Don't know where the top will be, but damn, the dump will be spectacular...1 billion for currency which was until last week in alpha release and no single shop is accepting it? There has to be some hidden reason for all this hype

[bitbitch]

this could be a good thing for the bitcoin ecosystem.

most of ETH'S cap is from BTC, and the squabbling BTC aristocracy might finally understand that they need to cooperate with each other to protect their investment.

[Searing]

It is still going up, without single bigger dump or big correction, just straight up. Don't know where the top will be, but damn, the dump will be spectacular...1 billion for currency which was until last week in alpha release and no single shop is accepting it? There has to be some hidden reason for all this hype

I have none ..but my 'guess' is people see the banks using this for testing....see this as what the banks use to move their more 'private' tokens on this 'centralized' coin...ie comfort level...and main thing it is NOT the evil "bitcoin" so you can talk about blockchain and get investment dollars for your IPO ICO etc etc....

much like early miners......only now instead of 'home miners' being the cheerleaders they are using that idea to get 'big IPO' newbie money to go into this RAH RAH!

(remember the big IPO hype for 'cloud miners' took a lot of newbie big buck version $$$)

So I sit here and scratch my head (like most here almost bought in a btc or two at 95c sheesh)

will this have 'legs' as the anti-bitcoin...if so at 450 buck btc 10-20 bucks for ethereum is NOT out of the question

or will it go pop?

don't know...but damn it is looking like if they had a decent wallet and got their act together ...it could very well do so

remember PAYCOIN a lot of FOMO money flowed into that....and whatever you say about ethereum ..it is legit in the sense compared to paycoin imho

not sure ..still on the fence......(no balls)

edit: in my defense I shot 110 ltc last week to Carnth (one of 4 main administrators on litecointalk.org) and you guessed it 'hacked account' thus why the site is down
either a fix or the hacker with super powers of an admin...flushed the system

Also had a buddy put 12 btc into the lisk ico........so I put 1 btc into that ...tonto to his lone ranger if it all goes 'tulips' I can talk him off a ledge

was kinda a 'dumb week' probably.....so.....I'm NOT trying to drink the kool aid on ethereum.....(ah the heady days of kool aid drinking in 2013 )

er...shudder..anyway ...what I mean to say is I KNOW ZIP.....but in the 'morass' of my mind....at this point in time ..what is rattling around ...

[bitbitch]

It is still going up, without single bigger dump or big correction, just straight up. Don't know where the top will be, but damn, the dump will be spectacular...1 billion for currency which was until last week in alpha release and no single shop is accepting it? There has to be some hidden reason for all this hype

I have none ..but my 'guess' is people see the banks using this for testing....see this as what the banks use to move their more 'private' tokens on this 'centralized' coin...ie comfort level...and main thing it is NOT the evil "bitcoin" so you can talk about blockchain and get investment dollars for your IPO ICO etc etc....

much like early miners......only now instead of 'home miners' being th cheerleaders they are using that idea to get 'big IPO' newbie money to go into this

(remember the big IPO hype for 'cloud miners' took a lot of newbie big buck version $$$)

So I sit here and scratch my head (like most here almost bought in a btc or two at 95c sheesh)

will this have 'legs' as the anti-bitcoin...if so at 450 buck btc 10-20 bucks for ethereum is NOT out of the question

or will it go pop?

don't know...but damn it is looking like if they had a decent wallet and got their act together ...it could very well do so

remember PAYCOIN a lot of FOMO money flowed into that....and whatever you say about ethereum ..it is legit in the sense compared to paycoin imho

not sure ..still on the fence......(no balls)

edit: in my defense I shot 110 ltc last week to Carnth (one of 4 main adminstators on litecointalk.org) and you guessed it 'hacked account' thus why the site is down
either a fix or the hacker with super powers of an admin...flushed the system

Also had a buddy put 12 btc into the lisk ico........ao I put 1 btc into that ...

was kinda a 'dumb week' probably.....so.....I'm NOT trying to drink the kool aid on ethereum.....(ah the heady days of kool aid drinking in 2013 )

er...shudder..anyway ...what I mean to say is I KNOW ZIP.....but in the 'morass' of my mind....at this point in time ..what is rattling around ...

my 'analysis' (LOL) is that there has a been a rush to ETH before the week ended to catch the official release of Homestead. it's a self fulfilling prophesy.

will there be enough buyers when the sell starts? the price could crash down due to a lack of liquidity.

Oh look, the price is now stalling. i hope people have their exit timing worked out.