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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1812159 times)
thevictimofuktyranny
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April 10, 2018, 05:15:33 AM
 #18461

Being a long term hodler of ETH, i think the recent asic debate should be ignored.
We always knew from day one, that ETH was going to pos.
My first posts here over 2year ago, was because i wanted into the ETH pos system.
Hopefully sometime this year the transition may start.
There is no point writing new code and HF to prevent new asics that wont last more than 12months.

If for any reason, pos/hybrid pos is a long way off and asics do become an issue, then the new code could be put into the next planned update on the roadmap.
Not a HF specifically for removing asics today.

Also check out whats happening to xmr now...
On April 6 the privacy-centric cryptocurrency monero (XMR) forked the protocol in order to make the digital asset’s mining ecosystem egalitarian. However, the hard fork has led to the birth of four monero-based blockchain branches all claiming to be the “original monero.”
https://news.bitcoin.com/privacy-coin-xmr-splits-into-four-different-monero-protocols/

After reading this and observing from the sidelines,
 i feel there should should be no fork for asics.

Keep up the excellent work team ETH  Kiss Kiss Kiss

You can't set up a fork unless you have a large amount of Monero coins already - it is just FUD!

Basic crypto-economics - you cannot finance the abandoned blockchain via selling off the bigger entity to buy dumped coins in the smaller entity.
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thevictimofuktyranny
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April 10, 2018, 05:27:01 AM
 #18462

Being a long term hodler of ETH, i think the recent asic debate should be ignored.
We always knew from day one, that ETH was going to pos.
My first posts here over 2year ago, was because i wanted into the ETH pos system.
Hopefully sometime this year the transition may start.
There is no point writing new code and HF to prevent new asics that wont last more than 12months.

If for any reason, pos/hybrid pos is a long way off and asics do become an issue, then the new code could be put into the next planned update on the roadmap.
Not a HF specifically for removing asics today.

Also check out whats happening to xmr now...
On April 6 the privacy-centric cryptocurrency monero (XMR) forked the protocol in order to make the digital asset’s mining ecosystem egalitarian. However, the hard fork has led to the birth of four monero-based blockchain branches all claiming to be the “original monero.”
https://news.bitcoin.com/privacy-coin-xmr-splits-into-four-different-monero-protocols/

After reading this and observing from the sidelines,
 i feel there should should be no fork for asics.

Keep up the excellent work team ETH  Kiss Kiss Kiss

Also, Mrpumperitis you accidentally included a proof, which justifies an immediate fork to introduce anti-ASIC measures onto the Ethereum Network's algorithm.

ASICs arrive in July 2018, an early fork in April or May 2018 eliminates the possibility of people using the abandoned blockchain to make a new coin, because waiting for 2/3 months for your ASICs to arrive would be an extremely expensive way to salvage a speculative ASIC equipment purchase.

And, you need to listen to one of the Core Developers meetings, Ethereum Network is doing soft forks and hard forks on a regular basis.
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April 10, 2018, 05:42:53 AM
 #18463

Being a long term hodler of ETH, i think the recent asic debate should be ignored.
We always knew from day one, that ETH was going to pos.
My first posts here over 2year ago, was because i wanted into the ETH pos system.
Hopefully sometime this year the transition may start.
There is no point writing new code and HF to prevent new asics that wont last more than 12months.

If for any reason, pos/hybrid pos is a long way off and asics do become an issue, then the new code could be put into the next planned update on the roadmap.
Not a HF specifically for removing asics today.

Also check out whats happening to xmr now...
On April 6 the privacy-centric cryptocurrency monero (XMR) forked the protocol in order to make the digital asset’s mining ecosystem egalitarian. However, the hard fork has led to the birth of four monero-based blockchain branches all claiming to be the “original monero.”
https://news.bitcoin.com/privacy-coin-xmr-splits-into-four-different-monero-protocols/

After reading this and observing from the sidelines,
 i feel there should should be no fork for asics.

Keep up the excellent work team ETH  Kiss Kiss Kiss

Also, Mrpumperitis you accidentally included a proof, which justifies an immediate fork to introduce anti-ASIC measures onto the Ethereum Network's algorithm.

ASICs arrive in July 2018, an early fork in April or May 2018 eliminates the possibility of people using the abandoned blockchain to make a new coin, because waiting for 2/3 months for your ASICs to arrive would be an extremely expensive way to salvage a speculative ASIC equipment purchase.

And, you need to listen to one of the Core Developers meetings, Ethereum Network is doing soft forks and hard forks on a regular basis.

Yeah i think eth need a fork similar xmr... But bitmain increase e3 price from 800 to 1800 dollar ... why? .. another way for eth is accelerate swicth to casper POS Smiley

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Sidera
Blockchain Technologies

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thevictimofuktyranny
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April 10, 2018, 05:55:20 AM
 #18464

Being a long term hodler of ETH, i think the recent asic debate should be ignored.
We always knew from day one, that ETH was going to pos.
My first posts here over 2year ago, was because i wanted into the ETH pos system.
Hopefully sometime this year the transition may start.
There is no point writing new code and HF to prevent new asics that wont last more than 12months.

If for any reason, pos/hybrid pos is a long way off and asics do become an issue, then the new code could be put into the next planned update on the roadmap.
Not a HF specifically for removing asics today.

Also check out whats happening to xmr now...
On April 6 the privacy-centric cryptocurrency monero (XMR) forked the protocol in order to make the digital asset’s mining ecosystem egalitarian. However, the hard fork has led to the birth of four monero-based blockchain branches all claiming to be the “original monero.”
https://news.bitcoin.com/privacy-coin-xmr-splits-into-four-different-monero-protocols/

After reading this and observing from the sidelines,
 i feel there should should be no fork for asics.

Keep up the excellent work team ETH  Kiss Kiss Kiss

Also, Mrpumperitis you accidentally included a proof, which justifies an immediate fork to introduce anti-ASIC measures onto the Ethereum Network's algorithm.

ASICs arrive in July 2018, an early fork in April or May 2018 eliminates the possibility of people using the abandoned blockchain to make a new coin, because waiting for 2/3 months for your ASICs to arrive would be an extremely expensive way to salvage a speculative ASIC equipment purchase.

And, you need to listen to one of the Core Developers meetings, Ethereum Network is doing soft forks and hard forks on a regular basis.

Yeah i think eth need a fork similar xmr... But bitmain increase e3 price from 800 to 1800 dollar ... why? .. another way for eth is accelerate swicth to casper POS Smiley

First Impressions:

It could be an error!

OR

The original batch was already sold out.

The units they had left, were limited to one per customers as a Public Relations Promotion. Grab some news feed reporting.

Now, unlimited orders have been opened up to customers - $1800 per unit.
------------------------------------------------------------------------------------------------------------------------------------------
5,000 units per batch or 900GHs total, 3.5% increase in mining difficult per batch shipment.

Looks like 2 batches per month, which is 7% reduction in mining earnings per month.
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April 10, 2018, 07:14:33 AM
 #18465

Pow to change the Pos consensus is the scheme, piecewise governance is the solution, but a software project, large enough, enough logic, it is better to redo one than one.
Mrpumperitis
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April 10, 2018, 08:44:55 AM
 #18466


You can't set up a fork unless you have a large amount of Monero coins already - it is just FUD!

Basic crypto-economics - you cannot finance the abandoned blockchain via selling off the bigger entity to buy dumped coins in the smaller entity.

Also, Mrpumperitis you accidentally included a proof, which justifies an immediate fork to introduce anti-ASIC measures onto the Ethereum Network's algorithm.

ASICs arrive in July 2018, an early fork in April or May 2018 eliminates the possibility of people using the abandoned blockchain to make a new coin, because waiting for 2/3 months for your ASICs to arrive would be an extremely expensive way to salvage a speculative ASIC equipment purchase.

And, you need to listen to one of the Core Developers meetings, Ethereum Network is doing soft forks and hard forks on a regular basis.

I dont see etc, BCH or many of the other coins forked recently (some with $bill caps) being fud...they are real. Basic crypto-economics .
They serve a community and a purpose....
There were asic miners,fpga miners and gpu miners on xmr afiak....3 dif groups of miners, now 1 is excluded.
yes so what if they need a large amount already, thats why they enjoy a fork to get even more for free.

Back to eth,
 Firstly i wouldn't advise anyone to buy asics for a coin that has had a pos switch planned from near day1 and we are very close to getting to that part of the roadmap this year.

 Another thing if eth forks to rid off asics, the new changes could also have asics in the future, but they wont say or sell them to the public.

 If people want to use the old chain ,they can, its happened before, it could happen again.
ETH roadmap continues.




I got red trust because i speak the truth....This thread shows why many long term users are being tagged red, ...https://bitcointalk.org/index.php?topic=2399315.msg24593043#msg24593043 , chk theymos comment.
Bitcoin cash is the real upgrade bitcoin needed, not segwit.btc is no longer what people think it was...https://www.segwetters.org/
How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost= Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
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April 10, 2018, 08:59:29 AM
 #18467

Hello Ethereum Community,

does somebody of you know the payment details that were used for the Ethereum ICO ?

All the details that were necessary for the bank transfer.

I need them in to be able to refind my payment to Ethereum, without it i cant sell Bitcoins to my Bitcoin Bank/Exchange.

Thank you so much for your help.
Myth888
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April 10, 2018, 09:12:15 AM
 #18468

the advantage of gpu and cpu mining is it is likely to be adopted by regular people more than asics. Asic encourage more centralization since most asic are located in asic farms built companies. How many regular Joe mines with CPU and GPU compared to asics? Only a few regular Joe will ever buy Asics.

Im not saying no to asics generally. But think of who you want to be mining. Large scale companies or regular people. If your answer is large scale companies then im not one of them and most likely majority of your supporters atm. And if a project is not intended for me then I better look to support a project that is intended for me.

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abonarea
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April 10, 2018, 09:14:11 AM
 #18469

Those news about big traditional markets investors coming into cryptomarkets tells that we are at bottom and from here reversal is imminent. These big players are very clever they press markets at some certain level from where it can be arisen up with minimal efforts. This involvement will make the whole market very interesting as Ethereum will be among big gainers being backbone of whole token economy.

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April 10, 2018, 09:20:19 AM
 #18470

Those news about big traditional markets investors coming into cryptomarkets tells that we are at bottom and from here reversal is imminent. These big players are very clever they press markets at some certain level from where it can be arisen up with minimal efforts. This involvement will make the whole market very interesting as Ethereum will be among big gainers being backbone of whole token economy.

This year ETH 5000USD, Mark my words
chacha4twenty
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April 10, 2018, 12:27:21 PM
 #18471

Those news about big traditional markets investors coming into cryptomarkets tells that we are at bottom and from here reversal is imminent. These big players are very clever they press markets at some certain level from where it can be arisen up with minimal efforts. This involvement will make the whole market very interesting as Ethereum will be among big gainers being backbone of whole token economy.

This year ETH 5000USD, Mark my words
this year (2k18) Huh ethereum will be at $5k ??  okay let's see, i just marked your words This year ETH 5000USD

▬▬▬   WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN   ▬▬▬
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April 10, 2018, 12:35:36 PM
 #18472

Those news about big traditional markets investors coming into cryptomarkets tells that we are at bottom and from here reversal is imminent. These big players are very clever they press markets at some certain level from where it can be arisen up with minimal efforts. This involvement will make the whole market very interesting as Ethereum will be among big gainers being backbone of whole token economy.

This year ETH 5000USD, Mark my words
this year (2k18) Huh ethereum will be at $5k ?? 

Easily
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April 10, 2018, 12:42:55 PM
 #18473

Even it looking really hard could it gain to achieve this milestone of $5k due to bear market. When FOMO will start and bull situation will come than it will easily move to above $2k if Bitcoin would get recover to $20k

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April 10, 2018, 12:45:22 PM
 #18474

DLS (CHBT) >>> ETH

www.dlsag.com ~ 1ex.trade
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April 10, 2018, 12:51:43 PM
 #18475

EOS team has extracted 410 thousand addresses from ETH, which is to beat ETH to the floor rhythm. We should always take precautions against this risk.

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April 10, 2018, 01:02:29 PM
 #18476

I think Ethereum hardfork will have more impact on mining difficulty, it will certainly dropped a lot


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April 10, 2018, 01:28:07 PM
 #18477

Now the road ahead of ETH is very simple, or Die, upgrade or upgrade waiting for the coming of large-scale Dapp era.

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April 10, 2018, 01:52:37 PM
 #18478

Chile Is using Ethereum's Blockchain to track energy data:

https://www.coindesk.com/chile-to-use-ethereums-blockchain-to-track-energy-data/

Quote
Chile will use ethereum's blockchain as a way to record energy sector statistics, its government announced Thursday.

The National Energy Commission, which is a part of the country's Energy Ministry, said it would commit data to the public ethereum ledger in order to "augment levels of security, integrity, traceability and confidence in the information available to the public," according to a statement.

The commission is particularly concerned that its databases can be hacked and manipulated. The ethereum-based approach represents an alternative method for data storage, given that distributing records among a large number of nodes helps to alleviate that concern.

The commission has already begun committing some data to the blockchain, including information about installed electricity-generating capacity, average market prices, marginal costs, hydrocarbon prices and compliance with laws requiring that renewables account for a certain share of electricity generation.

Following this first stage of the project, known as "Energia Abierta" or "Open Energy," the commission will study the results and share them with other companies and government bodies in the sector.

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April 10, 2018, 01:56:47 PM
 #18479

Chile Is using Ethereum's Blockchain to track energy data:

https://www.coindesk.com/chile-to-use-ethereums-blockchain-to-track-energy-data/

Quote
Chile will use ethereum's blockchain as a way to record energy sector statistics, its government announced Thursday.

The National Energy Commission, which is a part of the country's Energy Ministry, said it would commit data to the public ethereum ledger in order to "augment levels of security, integrity, traceability and confidence in the information available to the public," according to a statement.

The commission is particularly concerned that its databases can be hacked and manipulated. The ethereum-based approach represents an alternative method for data storage, given that distributing records among a large number of nodes helps to alleviate that concern.

The commission has already begun committing some data to the blockchain, including information about installed electricity-generating capacity, average market prices, marginal costs, hydrocarbon prices and compliance with laws requiring that renewables account for a certain share of electricity generation.

Following this first stage of the project, known as "Energia Abierta" or "Open Energy," the commission will study the results and share them with other companies and government bodies in the sector.

It means they develop a new contract on that platform as usual like any other token. What thing I understand from this article actually only ETH is providing the facility to develop a project on the top of this blockchain.

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April 10, 2018, 03:26:45 PM
 #18480

For ETH, the difficulty is visible, but V God is still strong in the circle, and the future can still be expected.

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