jk_14 (OP)
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Activity: 1292
Merit: 1000
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July 25, 2016, 09:14:37 AM |
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I suspect such long term scenario: ETH will jump into PoS in 2017, as planned ETC will stay at PoW ("ethereum core" miners will jump into it) that will be quite funny to observe this battle...  |
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adaseb
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Activity: 3752
Merit: 1710
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July 25, 2016, 09:43:04 AM |
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I suspect such long term scenario: ETH will jump into PoS in 2017, as planned ETC will stay at PoW ("ethereum core" miners will jump into it) that will be quite funny to observe this battle... You sure it will stay PoW? IT will need a fork to remove the Difficulty countdown. |
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PovertyByte
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July 25, 2016, 10:12:00 AM |
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PoW is proof of work, am I right?
What is PoS?
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zakariya
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Activity: 42
Merit: 0
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July 25, 2016, 01:28:42 PM |
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Proof-of-stake (PoS) is a method by which a cryptocurrency blockchain network aims to achieve distributed consensus. While the proof-of-work (PoW) method asks users to repeatedly run hashing algorithms or other client puzzles to validate electronic transactions,[1] proof-of-stake asks users to prove ownership of a certain amount of currency (their "stake" in the currency). Peercoin[2] was the first cryptocurrency to launch using proof-of-Stake. Other prominent implementations are found in BitShares, ShadowCash, Nxt, BlackCoin, NuShares/NuBits and Qora. Ethereum has planned a hard fork transition from PoW to PoS consensus. Both Peercoin and Decred[3] hybridize PoW with PoS and combine elements of both consensus approaches in an attempt to garner the benefits of the two systems and create a more robust notion of consensus.
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Tmdz
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July 25, 2016, 01:49:23 PM |
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In the short term ETC will absorb some of the ETH hash rates so profit will last a bit longer.
As a miner I don't see a negative.
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mehdiktflow
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Activity: 28
Merit: 0
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July 25, 2016, 02:19:22 PM |
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I suspect such long term scenario: ETH will jump into PoS in 2017, as planned ETC will stay at PoW ("ethereum core" miners will jump into it) that will be quite funny to observe this battle... eth is so solid i love it |
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Charloz24
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July 25, 2016, 04:57:01 PM |
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PoW is proof of work, am I right?
What is PoS?
Piece of Steak You know a miner is hungry, he need to eat after a long work  |
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jk_14 (OP)
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Activity: 1292
Merit: 1000
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July 27, 2016, 08:24:28 AM |
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I suspect such long term scenario: ETH will jump into PoS in 2017, as planned ETC will stay at PoW ("ethereum core" miners will jump into it) that will be quite funny to observe this battle... You sure it will stay PoW? IT will need a fork to remove the Difficulty countdown. I'm not sure, I suspect that (just to attract GPU miners in case of ETH PoS) |
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adly3000
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Activity: 55
Merit: 0
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July 27, 2016, 08:48:37 AM |
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jk_14 (OP)
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Activity: 1292
Merit: 1000
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July 27, 2016, 08:56:41 AM |
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you can mine with many rigs against single worker, maybe that's the answer |
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QuintLeo
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Activity: 1498
Merit: 1030
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July 27, 2016, 06:51:19 PM |
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Multiple rigs all set up to point to the same worker.
I could easily have a "250MH" worker if I reset my current mining setup that way.
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I'm no longer legendary just in my own mind!
Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin)
1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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Jackling
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July 27, 2016, 07:06:54 PM |
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He might use a proxy. All his miners point to that proxy. That proxy connect to the mining pool. That is it. |
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Thveit
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Activity: 72
Merit: 0
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July 27, 2016, 07:14:41 PM |
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are true mining ethereum with asic miner?
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Amph
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Activity: 3206
Merit: 1069
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July 27, 2016, 07:18:56 PM |
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you can mine with many rigs against single worker, maybe that's the answer also 1G is not that impressive, you can do 200MH with a single rig |
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JackJokasker
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Activity: 56
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July 28, 2016, 03:38:55 PM |
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i think Ethereum most this moon and next.
people say pow pos pow pos hahah... i dont care
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QuintLeo
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Activity: 1498
Merit: 1030
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July 28, 2016, 06:28:49 PM |
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are true mining ethereum with asic miner?
There has been NO sighting of a legit ASIC for Ethereum - and given how soon they plan to go to PoS, I doubt there will ever be one. |
I'm no longer legendary just in my own mind!
Like something I said? Donations gratefully accepted. LYLnTKvLefz9izJFUvEGQEZzSkz34b3N6U (Litecoin)
1GYbjMTPdCuV7dci3iCUiaRrcNuaiQrVYY (Bitcoin)
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crairezx20
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Activity: 1638
Merit: 1046
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July 28, 2016, 06:33:18 PM |
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What a great plan from ETH devs that they convert into POS instead of POW..
Well better to mine ETC if it will happen..
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Goms
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July 28, 2016, 08:37:04 PM |
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I do not see ETC taking over the game from ETH, the coin's popularity is due to the reputation ETH has built over time and ETH developers will definitely not allow their coin to slide to second place.
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Loganota
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July 29, 2016, 05:33:45 AM |
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Does anyone know what is going to happen with the "ETC" when the original PoW phase end?
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