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Bitcoin Forum > Alternate cryptocurrencies > Mining (Altcoins) > Will the ETH switch to POS happen this November 2017?
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Question: Will the ETH switch to POS happen this November 2017?  (Voting closed: October 03, 2017, 03:49:11 AM)
Yes - 1 (25%)
No - 3 (75%)
Total Voters: 4

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Author Topic: Will the ETH switch to POS happen this November 2017?  (Read 2433 times)
jmigdlc99 (OP)
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June 05, 2017, 03:49:11 AM
 #1
As a miner, the shift of ETH to POS directly affects the profitability of mining.

According to online research, ETH POS was already scheduled to happen by May, but then moved to November.

Ethereum to switch to Proof-of-Stake before May 1, 2017:
https://www.fairlay.com/predict/registered/new/ethereum-to-switch-to-proof-of-stake-before-may-1-2017/

Ethereum to switch to Proof-of-Stake before November 1, 2017:
https://www.fairlay.com/predict/registered/new/ethereum-to-switch-to-proof-of-stake-before-november-1-2017/

So, what is your opinion on this change to Proof-of-Stake, and do you think it will be made soon?
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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adaseb
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June 05, 2017, 05:33:03 AM
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POS won't happen in Nov 2017.

But what will happen by then is  difficulty being doubled/tripled from todays rate and price correcting and crashing back down to the $50-$100 ETH/USD

That is more worrying than POS.
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June 05, 2017, 06:16:26 AM
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Quote from: adaseb on June 05, 2017, 05:33:03 AM
POS won't happen in Nov 2017.

But what will happen by then is  difficulty being doubled/tripled from todays rate and price correcting and crashing back down to the $50-$100 ETH/USD

That is more worrying than POS.



I saw the hash rate increased over 300% in the last 3 months. So if it keeps on rising, then it might not be so profitable.
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