ETH + ETC price

[dinofelis]

Let us, for the record, note the ETH + ETC price (in $) on regular intervals, to see a trend (I'm not aware of anything available like that).  Even if there is a swing between ETH and ETC, the sum should give an idea in the overall interest in ethereum in general.

Today: ETC 1.81 ; ETH 11.05, sum: 12.86

[dinofelis]

Today: ETH: $11.10, ETC: $1.84, ETH + ETC: $12.94

[bbc.reporter]

The price should not be the only one to check to see if there is interest. The hash power too must be checked regularly. I believe when true interest in ETC has taken place, the hash power will be the first one to go up in anticipation of the price going up. Miners will be there fighting for coins first before the traders realize that there is a gold rush on going.

[malmoghetto]

Maybe there can be a website displays the sum of ETH and ETC, to indicate more info about their sums.   

[dinofelis]

Maybe there can be a website displays the sum of ETH and ETC, to indicate more info about their sums.   

I'm doing something very rough here, but if there is a website doing so already, I'd be interested, but I didn't find one quickly with google...

[dinofelis]

The price should not be the only one to check to see if there is interest. The hash power too must be checked regularly. I believe when true interest in ETC has taken place, the hash power will be the first one to go up in anticipation of the price going up. Miners will be there fighting for coins first before the traders realize that there is a gold rush on going.

To me, both are linked.  Normally, the hash rate should be given by the price, because a miner with given equipment will mine when it is profitable to do so which will drive up the hash rate until the margin taken is not worth it any more.

Of course, mining is a way to "buy coins with electricity", but I don't think the mining can influence much the price, because the volumes traded are much larger than the amount of coins mined in the same period. (this is the same argument of why from a purely offer and demand perspective, the bitcoin halving didn't have much effect on the price: the traded volumes are much higher than the 1800 coins less mined a day).

So if mining cannot influence much the price (small compared to daily volume), but the price will determine the hash rate, I think that the important variable is the price.  The hash rate is an almost direct consequence of it.  I don't see miners suddenly increase mining to get more coins at lower market price, if they can buy them cheaper on the market, than the electricity they spend on it btw.

[yhlshabi]

Maybe there can be a website displays the sum of ETH and ETC, to indicate more info about their sums.   

I'm doing something very rough here, but if there is a website doing so already, I'd be interested, but I didn't find one quickly with google...

It can be a good business to set such site. Because you are no.1 do it, and eth+etc has the research value, speculation value and so on.

[30sectomarsfan]

Basic economics tells you they eventually will meet in the middle. No way over the long run you will double your money like that

[bbc.reporter]

The price should not be the only one to check to see if there is interest. The hash power too must be checked regularly. I believe when true interest in ETC has taken place, the hash power will be the first one to go up in anticipation of the price going up. Miners will be there fighting for coins first before the traders realize that there is a gold rush on going.

To me, both are linked.  Normally, the hash rate should be given by the price, because a miner with given equipment will mine when it is profitable to do so which will drive up the hash rate until the margin taken is not worth it any more.

Of course, mining is a way to "buy coins with electricity", but I don't think the mining can influence much the price, because the volumes traded are much larger than the amount of coins mined in the same period. (this is the same argument of why from a purely offer and demand perspective, the bitcoin halving didn't have much effect on the price: the traded volumes are much higher than the 1800 coins less mined a day).

So if mining cannot influence much the price (small compared to daily volume), but the price will determine the hash rate, I think that the important variable is the price.  The hash rate is an almost direct consequence of it.  I don't see miners suddenly increase mining to get more coins at lower market price, if they can buy them cheaper on the market, than the electricity they spend on it btw.

But to me there is speculation that ETH will be the dying chain. Seeing what is happening to the Ethereum foundation now there are signs that they will disband. Where will this take the platform? Slowly the people will shift to ETC and in anticipation to this the miners will transfer ahead of the price rise because they know that it will reach parity anyway. So they mine and accumulate the coins now in order to sell later at parity. That is the logic of my argument.

[dinofelis]

Today: ETC: $1.75 ; ETH: $10.97
total: $12.72

[Mastercon]

Today: ETC: $1.75 ; ETH: $10.97
total: $12.72

The ETH+ETC price is quite constant around the $12.7 level. It seems the amount of new money can keep pace with the mining rewards.

[dinofelis]

Today: ETC: $1.75 ; ETH: $10.97
total: $12.72

The ETH+ETC price is quite constant around the $12.7 level. It seems the amount of new money can keep pace with the mining rewards.

This is not yet precise enough.  The Ethereum inflation (monetary base inflation) is approximately 20% or so on year basis, which puts it to some 2% per month.  We don't have a stability good enough to come to any conclusion on the 2% level on a month, and even more so on a 0.1% level on a daily base.
The "market noise" is way higher than the inflation for the moment, on the time scale we're looking at.

[trickshot22]

Today: ETH: $11.10, ETC: $1.84, ETH + ETC: $12.94

etc price seems to be really low and it is dropping from time to time even more, i hope that this will change soon because i have some etc saved

[Ayers]

Today: ETC: $1.75 ; ETH: $10.97
total: $12.72

if you noticed their sum reflect in some way, the old ethereum price chart, when it was over 0.02, or maybe i'm wrong? because the money simple has been divided from the first etheruem and were reversed in the second one, so there are the same money there

[Realetim]

Today: ETC: $1.75 ; ETH: $10.97
total: $12.72

if you noticed their sum reflect in some way, the old ethereum price chart, when it was over 0.02, or maybe i'm wrong? because the money simple has been divided from the first etheruem and were reversed in the second one, so there are the same money there

You are right, the combined ETC+ETH price is over 0.02. But that is mainly because the bitcoin price dropped in the last few weeks.

[NorrisK]

Before ETC was launched on polo the ETH price was somewhere between 0.022 and 0.023.

It looks like (and is what was to be expected) that the sum of the two has remained around those numbers for most of the time both trading pairs were up. The total market cap of ethereum and ethereum classic have never been more than the orignigal ethereum market cap for a long time.

ETC is basically a parasite to eth, diminishing the value of the original coin without adding value on its own.

[malmoghetto]

ETH+ETC is a nice value, they are usually keeping the same value. Roughly ETH up, ETC down, ETH down, ETC up.   

[dinofelis]

Today: ETH: $10.74 ; ETC: $1.66
sum: $12.40

[dinofelis]

Today: ETH: $11.07 ; ETC: $1.72.

sum: $12.79

[bbc.reporter]

....

ETC is basically a parasite to eth, diminishing the value of the original coin without adding value on its own.

This is funny because I mentioned in another thread that ETH is like ETC's testnet. So yes it very much parasitic in coin value and also in development. If ETC lives then ETH will never have success. One of them must die.

I speculate the Ethereum foundation will be running out of funds next year without anyone investing more money in them. Who would trust in them after the display of dirt and stupidity they have shown the community?