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Author Topic: ETC future after ETH goes to PoS  (Read 10002 times)
trooper093
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June 06, 2017, 10:11:01 AM
 #21

when is PoS activation?

I read they want to switch before November 2017. Before that, its an hybrid with every 100 blocks is "mined" with PoS.

The miners definetly will change to another Ethash Coin. Maybe it will push the trading of this coin but in general i would say it will dump the price as there is just more offers on the market with the same demand.
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wtfonly16
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June 06, 2017, 01:11:06 PM
 #22

when eth goes pos it will be truely a piece of shtt coin

then all gpu miners will flock to etc and then etc will turn into the next vertcoin
its a cascading failure that will knock out etc, zec and zcl all at once.

where then gpu mining will collapse all together.

ye i aint bares
Lipe490
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June 27, 2017, 12:19:03 PM
 #23

when eth goes pos it will be truely a piece of shtt coin

then all gpu miners will flock to etc and then etc will turn into the next vertcoin
its a cascading failure that will knock out etc, zec and zcl all at once.

where then gpu mining will collapse all together.
I really doubt this will happen. There are big things hidden on hardware mining. Nvidia and AMD are making GPU's Especifically to mine coins. This market is so profit, I believe more coins will rise to be mined, even if ETC, ZEC, ZCL get knocked down (What I do not believe).
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June 27, 2017, 04:03:28 PM
 #24

eth profit is now cut in half at current market crash vs my last post, and your telling me that the other coins will survive once eth is out of the picture???  its going to be the ltc/vtc days where you make $1 a day and your electricity cost is $5 a day.....

ye i aint bares
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June 27, 2017, 04:27:34 PM
 #25

eth profit is now cut in half at current market crash vs my last post, and your telling me that the other coins will survive once eth is out of the picture???  its going to be the ltc/vtc days where you make $1 a day and your electricity cost is $5 a day.....
Eth will be out of picture for miners. Remember that.
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June 27, 2017, 04:45:59 PM
 #26

ETH will be more in use becouse of low transaction fee,ithink POS will stabilise network.ETC i dont think it wil have any influance on etc,etc need to be in use,i dont see any etc use but maybe i am wrong

 
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lcharles123
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May 11, 2022, 10:43:15 PM
 #27

Why should miners make the price grow? They sell coins, never buy them.

Probably switch to POS will make ETH less inflationary so price may grow.
Miners can influence mining difficulty, like BTC miners do this now, and everybody realising that selling under price is idiotic. Yes they can artificially keep price over the price of mining with litle help of traders and this is how is formed minimal price.
With POS you don't have his, and if some big investor decide to exit, he can destroy coin if he dumps hard.

Yes, I think in long term the ETH price may stagnate if the mechanics of ETH continues like today. Because staking will generate a lot of ETH for few big and early players, they will just earn and sell their with at no extra cost.
The other negative thing is that you need to have a huge amount to participate.
I think solutions for waste of energy in mining can be implemented using memory hard algorithms, but it will break the ASIC investors.

You have limited power here. -"Bitcoin on Governments"
zonefloor
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May 11, 2022, 11:32:57 PM
 #28

this might be possible. But I think they will split in two. Some will stay on ETH, while the other will switch to ETC. But I think ETH will crush ETC anyway. I also think that miners will earn almost the same profits by staking their ETH. The founder of ETH will certainly improve his technology by calculating everything.
RussianEnglishTranslation
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May 12, 2022, 11:25:31 AM
 #29

ETH (Ethreum) has been anonced that 75% progress made toward the PoS.

When PoS on ETH will be activated what will be with the miners? Are they all go to ETC?
Can it push ETC to price grow?


How about ETH after PoS? Price will drop shortly after that?


What are your thought and why?
ETC has been 51% attacked too much and technically, it cannot compete with newer projects like ICP and HBAR. As to mining, most people will move to mining tokens on Ethereum like 0xMR or will switch to mining RVN, which will be used for tokenized real estate and stocks. Current art NFTs are just a testing ground and a hook to get people interested and using the technology. You will become an NFT, just as you are now a stock certificate (SS card and Birth Certificate).
barbara44
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May 15, 2022, 02:44:11 PM
 #30

ETC has been 51% attacked too much and technically, it cannot compete with newer projects like ICP and HBAR. As to mining, most people will move to mining tokens on Ethereum like 0xMR or will switch to mining RVN, which will be used for tokenized real estate and stocks. Current art NFTs are just a testing ground and a hook to get people interested and using the technology. You will become an NFT, just as you are now a stock certificate (SS card and Birth Certificate).
Yeah, ETC getting 51% attack was such a common thing that I have seen it multiple times within just one year back in the day. However, the difference here is that if ETH becomes POS then these miners will try to find another place to mine for, and if they pick ETC that means the hash rate will be so high that it would be near impossible to hit 51% there.

Right now, it was simpler because the hash rate was low at the time when 51% attack happened, and someone who had super powerful machines could just redirect it there and even rent plenty of places and they could just use that power to attack, with ETH gone, ETC will have too much hash rate to do that again.
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