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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1056939 times)
Netnox
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January 27, 2014, 12:38:16 PM
 #481

Will this coin be cpu or gpu mined?
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lonsharim
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January 27, 2014, 12:40:00 PM
 #482

Will this coin be cpu or gpu mined?
Should be both.

From what I understand gpu mining is not going to give you that much of an advantage over cpu.

BTC: 1AjbC9dtUALixvUbMofPWxrW6XucEuYp7o
marcusnz
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January 27, 2014, 12:43:29 PM
 #483

I'm a bit of a newbie so forgive me if I am totally wrong.

But from the sounds of it 1X of the currency will be given to investors in correspondence to how much they put in. 0.5X will be given to the fiduciary members and other team members. There is also an increase of coins (0.4X) each year.

Assuming an investment of all 30'000 bitcoins, with a corresponding market cap of $24million. The immediate market cap has to be $36million just to break even? Given the 0.4X increase in supply, that would confer a $9.6million per year of added market value for neutral ROI. (And not the $12million, which the team initially posted). So in terms of investment returns, I have to consider a couple issues. Firstly, will Ethereum reach neutral market cap? How big of a dilution effect will the 0.4X yearly increase of supply have? Since the founders are only accepting Bitcoin, will Ethereum outperform Bitcoin? Personally, I'm expecting Bitcoin to become ~ 10 times its value this year. On the other hand, I'm not sure whether or not Ethereum will reach a $400-500million market cap.

This is just my 2 cents. I'm completely open to other opinions.

My other question is, where do the other 30'000 bitcoins go? Do the founders have to invest into the project too or are they simply awarded the 0.5X Ethereum.

Otherwise, the project looks promising but there I'm skeptical regarding ROI.

This basically sums up my feelings. I like the idea and i like the devs, but the i think the ipo/fundraiser is way off and more importantly, i just don't see it outperforming btc this year which i also estimate to increase x10. Futhermore, i certainly dont see it outperforming some of the alt coins improving up to 300% in a week which offer nice opportunities if clever. Imo, this will be the year of btc and the mass marketable alt coins (dogecoin/ coinye and such). Advanced products like ethereium will likely get attention very late in the year or early next year. This makes tying up btc in ethereium a bad investment at this stage, but a good investment  (potentially) in 8-12 months

Id like to hear opinions on this also.
Netnox
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January 27, 2014, 12:46:54 PM
 #484

Will this coin be cpu or gpu mined?
Should be both.

From what I understand gpu mining is not going to give you that much of an advantage over cpu.

So when will mining be possible? After feb 1st or after the fundraiser limit has been reached after 2 months?


I don't like this, they remind me to HSBC not allowing people to withdraw: "The fiduciary members will be vested over a 12 month period and cannot divest more than ⅓ of their position per year thereafter"
nesco1805
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January 27, 2014, 12:47:42 PM
 #485

@lonsharim
OK now I understand. /corners away Wink

How about



  • Early investors for taking a great risk due to the uncertainty of investment will be rewarded by a bonus of 2*initial investment for the first week and then this bonus decays by 2 percent per day for the remainder of the fundraiser until it reaches a floor of the base exchange rate of 0.001 BTC per 1 Ether
  • After the fundraiser closes, the total sum of ether produced will be denoted as X and we will instantiate a premine of 0.50*X for the fiduciary members, early stakeholders, strategic partners



Is this a classical premine? Where premine goes to coin publisher, OP, bounties whatever.
Or is this premine returned to investors?

Because if not, who the hell are these so called Early stakeholder, if not before mentioned Early investors themselves?
Alphi
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January 27, 2014, 12:56:10 PM
 #486


Is this a classical premine? Where premine goes to coin publisher, OP, bounties whatever.
Or is this premine returned to investors?

Because if not, who the hell are these so called Early stakeholder, if not before mentioned Early investors themselves?

from what I gather most of the premined coins go to the IPO investors depending on how many BTC are invested ofcourse.

I just read the white paper and im quite fascinated by these new developments..

especially multi way contracts and savings wallets where more than one key holder is required before x amount can be spent. That is a real game changer for those people who are not tech savvy enough to protect their funds properly.

KARMA: KSc9oGgGga1TS4PqZNFxNS9LSDjdSgpC1B      VERT: VgKaooA5ZuLLUXTUANJigH9wCPuzBUBv9H
DOGE:   DRN7pXid34o6wQgUuK8BoSjWJ5g8jiEs4e
lonsharim
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January 27, 2014, 12:56:42 PM
 #487

Will this coin be cpu or gpu mined?
Should be both.

From what I understand gpu mining is not going to give you that much of an advantage over cpu.

So when will mining be possible? After feb 1st or after the fundraiser limit has been reached after 2 months?


I don't like this, they remind me to HSBC not allowing people to withdraw: "The fiduciary members will be vested over a 12 month period and cannot divest more than ⅓ of their position per year thereafter"

1. Mining is slated to start after the completion of 2 months from 1st Feb, so the earliest date is 1st April
2. You and I are not fiduciary members. Fiduciary members in this case are the 4 founders, early stakeholders and partners, not even those that receive remuneration/bounties in ETH for being part of the project.

BTC: 1AjbC9dtUALixvUbMofPWxrW6XucEuYp7o
lonsharim
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January 27, 2014, 01:04:57 PM
 #488

@lonsharim
OK now I understand. /corners away Wink

How about



  • Early investors for taking a great risk due to the uncertainty of investment will be rewarded by a bonus of 2*initial investment for the first week and then this bonus decays by 2 percent per day for the remainder of the fundraiser until it reaches a floor of the base exchange rate of 0.001 BTC per 1 Ether
  • After the fundraiser closes, the total sum of ether produced will be denoted as X and we will instantiate a premine of 0.50*X for the fiduciary members, early stakeholders, strategic partners



Is this a classical premine? Where premine goes to coin publisher, OP, bounties whatever.
Or is this premine returned to investors?

Because if not, who the hell are these so called Early stakeholder, if not before mentioned Early investors themselves?

Investors are not early stakeholders. Investors own no part of 0.50 * X, we can potentially own a fraction of X as investors.

Early stakeholders could be any person or institution who contribute in any form useful to the project other than in BTC. We will know more when they disclose more information. They have already mentioned that they are partnering with Krypokit and Hive, it has not been made clear if Hive for instance will receive some ether in return but I am assuming they will. There is no free lunch after all.

BTC: 1AjbC9dtUALixvUbMofPWxrW6XucEuYp7o
turtoro
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January 27, 2014, 01:06:50 PM
 #489

Will this coin be cpu or gpu mined?
Should be both.

From what I understand gpu mining is not going to give you that much of an advantage over cpu.

So when will mining be possible? After feb 1st or after the fundraiser limit has been reached after 2 months?


I don't like this, they remind me to HSBC not allowing people to withdraw: "The fiduciary members will be vested over a 12 month period and cannot divest more than ⅓ of their position per year thereafter"

Google what "fiduciary member" is and youll see that you are not one and the restrictions dont apply to you. Jesus Christ people. I think some need to work on your reading comprehension. As I mentioned before im still looking at the merits of this project but the disninfo in this thread is staggering.
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January 27, 2014, 01:14:21 PM
 #490

As I mentioned before im still looking at the merits of this project but the disninfo in this thread is staggering.

+1

I am fast reaching the point where I see no need to correct this misinformation, some of which is clearly deliberate.

BTC: 1AjbC9dtUALixvUbMofPWxrW6XucEuYp7o
BitcoinForumator
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January 27, 2014, 01:21:18 PM
 #491

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

lonsharim
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January 27, 2014, 01:23:53 PM
 #492

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over.

BTC: 1AjbC9dtUALixvUbMofPWxrW6XucEuYp7o
nesco1805
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January 27, 2014, 01:23:55 PM
 #493

Sooooo...............


For every $2 we invest, there is 1$ of fixed onetime inflation + 40% yearly inflation

Right or wrong ^^
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January 27, 2014, 01:25:10 PM
 #494

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over.

"Kinda" important if you want to know what they're up to.

lonsharim
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January 27, 2014, 01:27:43 PM
 #495

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over.

"Kinda" important if you want to know what they're up to.

I agree

There is the much derided prospectus to be released on 1st Feb. I will look for any new information on there and also their official website.

BTC: 1AjbC9dtUALixvUbMofPWxrW6XucEuYp7o
turtoro
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January 27, 2014, 01:29:50 PM
 #496

What about the costs founders estimate to have after the launch?

You know, the good old spreadsheet...

Not yet disclosed to the public AFAIK We should hopefully know more now that the Miami conference is over.

"Kinda" important if you want to know what they're up to.

It is important. And thats why we will look at it and have more concrete facts to analyse this on afterwards. Thats why all the fearmongering is so silly, its not based on anything. In fairness to those guys its not like they just dropped by and said "send me 30000btc". They gave an overview and said more info will be on the way.
Chris001
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January 27, 2014, 01:30:27 PM
 #497

is there a minimum I can invest?

NEM
lonsharim
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January 27, 2014, 01:31:16 PM
 #498

is there a minimum I can invest?

I think the minimum is 0.01 BTC

BTC: 1AjbC9dtUALixvUbMofPWxrW6XucEuYp7o
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January 27, 2014, 01:44:18 PM
 #499


ZBBBB
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January 27, 2014, 01:45:31 PM
 #500



+1. 9 million questions asked, 0 answered. Speculations running wild.

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