How Ethereum’s Move to Proof-of-Stake affect the price?

[bozicso]

We all know story In August of Vitalik Buterin, creator of Ethereum, released the https://github.com/ethereum/research/wiki/Casper-Version-1-Implementation-Guide for the first version of Casper. As a hybrid proof-of-stake (PoS)/proof-of-work (PoW) algorithm, Casper v1 is going to decrease (and eventually end) the profitability for Ethereum miners.

The release date is estimated to be sometime in 2018

If we take it to stop mining because profitability and that the stake can be 1000 ETH, that mean less ''unlocked'' coins for trade. This is also important because these 5-6 million cards will pass to other altcoins and put their difficult to moon!? My opinion is that ETH mining will significantly affect the crypto world

How do you look at the future of mining and how this can be reflected in a coin price?

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[musta5a]

well the thing is that mining is becoming really against the environment so any efforts to save electricity are most welcome from my perspective. When it can be done differently, why would we support energies going down the drain? We should think in broader horizons than eth prices only. When it comes to price, it can cause short term shakes but nothing significant from long run

[ujinice]

I believe that the price will grow strongly, because the coin will become more promising when it goes to a more technological protocol.

[Mohamme]

I think ETH's conversion of POS mechanism and POW mechanism will further increase the price and reduce the loss of resources, which is conducive to environmental protection, and more and more projects based on ETH.

[asayoyaasa]

If ETH go full PoS i think the price will go up, cause there no more ethereum to mine. But i guess that mean rich person get more richer and poor people getting poorer. I mean the people who have the most ethereum will get the most stake right ?

[bozicso]

If ETH go full PoS i think the price will go up, cause there no more ethereum to mine. But i guess that mean rich person get more richer and poor people getting poorer. I mean the people who have the most ethereum will get the most stake right ?

yup, but what you mean about miner who will left ETH and come on other ALT. That is not small number (5-6 millions cards). How any alt can be profitable in that case?

[xiaoyum]

I think price won't increase after the event. There are so many ethereum miners that may leave chain to mine another coin. It won't be disastrous but I expect price drop at first couple of months.

[Snakerist]

I think the price of Ethereum after the POS adoption will only increase, because POS mining stimulates to hold coins.