Fatman3001
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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October 14, 2015, 12:09:08 PM |
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...
When the network hash rate increases, for the same amount of electricity cost (power), you get less Eth. So the break even price of your mined coin is going up. The electricity price per kWh is fixed.
Mining cost doesn't create the value. That's a popular myth. If you are pure for-profit-miner, you dump your coins for whatever the current market value is. If it's lower than your cost, you'll just stop mining. Market (buy/sell orders) is shaping the price and influencing hash-rate size, not the other way around. At very best, current cost/coin can only create psychological expectation of what the price should be. You are completely right. My last post unwittingly presupposed this and was more a sort of reflection on the psychology of having a PoW vs PoS. |
"I predict the Internet will soon go spectacularly supernova and in 1996 catastrophically collapse." - Robert Metcalfe, 1995
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Violincoin
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October 14, 2015, 01:03:19 PM |
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Do you think is possible to have poS on eth?
Real pos,not just variant of it, like normal altcoins.
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sangoku
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October 14, 2015, 04:30:45 PM |
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Ethereum Developer Conference DEVCON1November 9th – 13th, 2015 https://devcon.ethereum.org/
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DΛSH is digital cash. Transactions are obscured in the blockchain, making them private from the wallet. You can send Dash to family or friends, or pay for goods or services, anywhere in the world. DΛSH Anonymous and Untraceable. The Perfect Digital Cash And The Best Way To Protect Your Privacy https://www.dashpay.io DΛSH is 59.5 times faster with syncing and updating than Monero.My DΛSH Address: XgF6sNzGHU58dn36WsC16no9FHct6nPeZD
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fartbags
Legendary
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Activity: 1190
Merit: 1004
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October 14, 2015, 05:38:13 PM |
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Is this going to be broadcast live with Q/A from online viewers? It seems like an asshole/elitist move to try and make money off of conferences. They should do everything public. If they need more funds they should run a 2CO and dilute coins. We should also sign the devs to contracts with the 2CO funds so that we know how long we get them for. |
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Tobo
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October 14, 2015, 09:17:26 PM |
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is there a particular reason for today's price drop?
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Jacksp
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October 14, 2015, 10:34:36 PM |
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is there a particular reason for today's price drop?
BTC price raises, altcoins price drop |
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Oscilson
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October 15, 2015, 09:06:57 AM |
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It depends on how much money they raise to compete Ethereum. |
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wildduck
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Activity: 966
Merit: 1001
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October 15, 2015, 10:13:39 AM |
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Soon eth to the ico price.
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sangoku
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October 15, 2015, 04:00:44 PM |
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DΛSH is digital cash. Transactions are obscured in the blockchain, making them private from the wallet. You can send Dash to family or friends, or pay for goods or services, anywhere in the world. DΛSH Anonymous and Untraceable. The Perfect Digital Cash And The Best Way To Protect Your Privacy https://www.dashpay.io DΛSH is 59.5 times faster with syncing and updating than Monero.My DΛSH Address: XgF6sNzGHU58dn36WsC16no9FHct6nPeZD
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Eastwind
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October 15, 2015, 04:39:07 PM |
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Soon eth to the ico price.
The price might rise from there. |
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fartbags
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Activity: 1190
Merit: 1004
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October 16, 2015, 12:40:55 AM
Last edit: October 16, 2015, 12:59:30 AM by fartbags |
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is there a particular reason for today's price drop?
BTC price raises, altcoins price drop Strange... DGB and GEO are both up today. I think ETH is dropping because it was over priced. It's not much better than your average altcoin. You will probably see many altcoins integrating a Turing complete programming language on their block chains before ETH ever has a "killer app" Also AUGUR has over 1 million ETH to dump for $ |
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wildduck
Legendary
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Activity: 966
Merit: 1001
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October 16, 2015, 06:31:53 AM |
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is there a particular reason for today's price drop?
BTC price raises, altcoins price drop Strange... DGB and GEO are both up today. I think ETH is dropping because it was over priced. It's not much better than your average altcoin. You will probably see many altcoins integrating a Turing complete programming language on their block chains before ETH ever has a "killer app" Also AUGUR has over 1 million ETH to dump for $ I think they have 1.8 milion eth to dump that is the main problem. |
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BitmoreCoin
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October 16, 2015, 09:51:41 AM |
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is there a particular reason for today's price drop?
BTC price raises, altcoins price drop Strange... DGB and GEO are both up today. I think ETH is dropping because it was over priced. It's not much better than your average altcoin. You will probably see many altcoins integrating a Turing complete programming language on their block chains before ETH ever has a "killer app" Also AUGUR has over 1 million ETH to dump for $ I think they have 1.8 milion eth to dump that is the main problem. If they dump it slowly, over a month, that will be absorbed by the market. The market volume is 0.5 million per day recently. |
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ilikemandarin
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October 16, 2015, 09:54:11 AM |
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Wondering why price dropped so much.
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Oscilson
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October 16, 2015, 10:15:15 AM |
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Wondering why price dropped so much.
There are too many cheap Eth around. The 50 million ICO price is around $0.3 each. And there are around 12 million Eth allocated to developers. It will take 9-12 months to absorb those and newly mined coins. It is not profitable to mine for most miners now. |
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fartbags
Legendary
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Activity: 1190
Merit: 1004
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October 16, 2015, 07:37:03 PM |
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Wondering why price dropped so much.
There are too many cheap Eth around. The 50 million ICO price is around $0.3 each. And there are around 12 million Eth allocated to developers. It will take 9-12 months to absorb those and newly mined coins. It is not profitable to mine for most miners now. Yeah, devs premined 16% and are actually dumping it. You would think the devs want to hold onto it but nope. They sell it off. It's a really bad sign if the devs don't even want to keep the coins. |
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BitmoreCoin
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October 16, 2015, 07:45:31 PM |
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Wondering why price dropped so much.
There are too many cheap Eth around. The 50 million ICO price is around $0.3 each. And there are around 12 million Eth allocated to developers. It will take 9-12 months to absorb those and newly mined coins. It is not profitable to mine for most miners now. Yeah, devs premined 16% and are actually dumping it. You would think the devs want to hold onto it but nope. They sell it off. It's a really bad sign if the devs don't even want to keep the coins. There should be a lock in period for the developers coin. 12 million Eth is quite a lot of money even for $0.5/Eth. |
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