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Author Topic: when etherum POS starting?  (Read 1609 times)
FruitBucket
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June 05, 2016, 09:01:27 AM
 #21

I wish the PoW can run for 6 more years, so the premine will be reduced to 20% or less. that will support the price.

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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parmatiya
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June 07, 2016, 06:41:21 AM
 #22

I wish the PoW can run for 6 more years, so the premine will be reduced to 20% or less. that will support the price.

Pure PoW might not happen after next year. PoS was proposed. I think it will be implemented later next year.

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June 07, 2016, 07:00:56 AM
 #23

when etherum POS starting,GPU miners will cry . Grin Grin Grin

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June 07, 2016, 07:34:01 AM
 #24

when etherum POS starting,GPU miners will cry . Grin Grin Grin

Yes. But we will find another profitable coin to mine. If the Etheruem changes to pure PoS, its value will not rise as fast.
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June 07, 2016, 06:17:44 PM
 #25

when etherum POS starting,GPU miners will cry . Grin Grin Grin

Yes. But we will find another profitable coin to mine. If the Etheruem changes to pure PoS, its value will not rise as fast.

I also think the cost of the mining will help determining the floor price of the coin. That could be the reason for the high price in Etheruem now.

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June 07, 2016, 08:03:34 PM
 #26

when etherum POS starting,GPU miners will cry . Grin Grin Grin

Yes. But we will find another profitable coin to mine. If the Etheruem changes to pure PoS, its value will not rise as fast.

Miners won't cry because the coin will become unprofitable to mine before it goes POS.  ETH has a difficulty bomb to encourage the nodes switch over to new POS software, the network will not approve the switch until there is no more profit in mining.

I give it about a year, by next summer we can expect the switch to happen pending delays and such.
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June 08, 2016, 12:15:19 PM
 #27

when etherum POS starting,GPU miners will cry . Grin Grin Grin

Yes. But we will find another profitable coin to mine. If the Etheruem changes to pure PoS, its value will not rise as fast.

Miners won't cry because the coin will become unprofitable to mine before it goes POS.  ETH has a difficulty bomb to encourage the nodes switch over to new POS software, the network will not approve the switch until there is no more profit in mining.

I give it about a year, by next summer we can expect the switch to happen pending delays and such.

The difficulty bomb will be defused as the PoW mining will continue for some time before the PoS out.

Bokelka
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June 08, 2016, 02:34:09 PM
 #28

when etherum POS starting,GPU miners will cry . Grin Grin Grin

Yes. But we will find another profitable coin to mine. If the Etheruem changes to pure PoS, its value will not rise as fast.

Miners won't cry because the coin will become unprofitable to mine before it goes POS.  ETH has a difficulty bomb to encourage the nodes switch over to new POS software, the network will not approve the switch until there is no more profit in mining.

I give it about a year, by next summer we can expect the switch to happen pending delays and such.

The difficulty bomb will be defused as the PoW mining will continue for some time before the PoS out.

The PoS implementation will be later than expected. So the difficulty bomb will be defused in the futur.e
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