[ANN] Ethereum: Welcome to the Beginning

[hellar]

Dont waste your time on eth and put it back into bitcoin before you lose it all.Eth will be worth less than its IPO price eventually

[NanoPipe]

Dont waste your time on eth and put it back into bitcoin before you lose it all.Eth will be worth less than its IPO price eventually

Why do you say that?

[danandanderson]

Dont waste your time on eth and put it back into bitcoin before you lose it all.Eth will be worth less than its IPO price eventually

Nice try buddy. Eth is allready bigger than btc, we are just waiting for price adjustment. Eth is superior in every aspect, price/market cap will follow soon.

[notbatman]

Dont waste your time on eth and put it back into bitcoin before you lose it all.Eth will be worth less than its IPO price eventually

...but Butters has promised punch and pie with a $10k floor!

[Mrpumperitis]

https://blog.ethereum.org/2016/03/05/serenity-poc2/  more details here

technical
Serenity PoC2
Posted by Vitalik Buterin on March 5th, 2016.
More precise validator induction rules – maximum 250 validators, minimum ether amount starts off at 1250 ETH and goes up hyperbolically with the formula min = 1250 * 250 / (250 - v) where v is the current active number of validators (ie. if there are 125 validators active, the minimum becomes 2500 ETH, if there are 225 validators active it becomes 12500 ETH, if there are 248 validators active it becomes 156250 ETH). When you are inducted, you can make bets and earn profits for up to 30 million seconds (~1 year), and after that point a special penalty of 100 parts per billion per block starts getting tacked on, making further validation unprofitable; this forces validator churn

[MaGNeT]

https://blog.ethereum.org/2016/03/05/serenity-poc2/  more details here

technical
Serenity PoC2
Posted by Vitalik Buterin on March 5th, 2016.
More precise validator induction rules – maximum 250 validators, minimum ether amount starts off at 1250 ETH and goes up hyperbolically with the formula min = 1250 * 250 / (250 - v) where v is the current active number of validators (ie. if there are 125 validators active, the minimum becomes 2500 ETH, if there are 225 validators active it becomes 12500 ETH, if there are 248 validators active it becomes 156250 ETH). When you are inducted, you can make bets and earn profits for up to 30 million seconds (~1 year), and after that point a special penalty of 100 parts per billion per block starts getting tacked on, making further validation unprofitable; this forces validator churn

Now in English?

[ImI]

it was 1500 min, when i first heard.
it was changed to 1200 and validator churn was added, meaning you could only POS for 1yr with your 1200eth then someone else takes over....
we got 1200batches set aside for myself and a few friends.
in order to pos every yr we agreed to rotate our ETH stakes every yr giving us a share of the pos for at least 5years, as we think it will be as big as BTC mining currently is.

why not just open up another wallet and start staking anew?

You can transfer some to other wallet and start PoS again. I think the restriction will not work as intended.

I was just thinking about that a few days ago.

How could they stop you from sending your ETH to PoloniEx, sell them, buy other ETH, send them back to the wallet and stake?
Or won't they stake? So if you buy "second hand" ETH, they may not stake? Lol... Just showing some scenarios...

I just don't see how you could prevent someone from moving his ETH around and start staking again?

Or do your ETH need to be in a wallet for a long period of time before they can stake?

possible that the coins that staked get a timestamp that says when they will be allowed to stake again.

Imagine they do, why would anyone buy ETH to hold for staking?

Because when you buy them, you don't know the timestamps of the ETH you buy and they would all be different.

Unless someone can explain it, I don't see how this could work.

possible would be a exchange-system that gives you a ETH price + additional pricing based on the last staking-timestamp

[thedreamer]

Dont waste your time on eth and put it back into bitcoin before you lose it all.Eth will be worth less than its IPO price eventually

Why do you say that?

Because he wants to buy back in at a much cheaper price. Probably missed the boat and is now butt-hurt..

[LordCoder]

Love how I sold all my ETH for 0.002 BTC 

[dovaboy]

in the usual mining .conf or .bat files of coins we we're able to run 2 threads on 4GB cards, the dual-x 270x 4GB for example. Each thread usually needed 1.4GB or something close, so you could run 2 on the 4GB gpus. Is there an etherminer command i havent found that runs 2 threads per card not just -t 2 to have both 270x's mining in one instance. i tried -t 4 and i dont see a difference. Looked everywhere which should be a sign, but gotta ask before i give up on it.

[malekbaba]

Dear
buy and sell at your own risk and before you proceed read the market and do analysis. Do not hurry to take decision. Never listen to the troll box in exchanges

[Mrpumperitis]

suits up peeps...get ready for take off  

fun fact...
every BTC holder + vc investors, for past few years have been advised to hold ETH as a hedge....

[vapourminer]

ok heres the deal. im building a VR box. choice seems to be between nvidia 980ti or amd r9 290. but if there is a better card im listening

look the answer is in this thread but honestly im pulling the trigger tomorrow.. so..

edumacate me please i dont care if eth tanks as i get a VR card out of it heh

[Mrpumperitis]

r9 290

[vapourminer]

thanks for el fasto answer

i can have the 290 on its way and here by next weekend

any other want to chine in?

[kkraus69]

Here is another mining question. Does anyone have experience mining Ethereum with Radeon 6970 2Gb videocards? I am currently mostly mining with R9 280X and 7950 cards. I have plenty of the other hardware needed and only need video cards. If I can mine with 6950 and 6970 cards for the next few months before 2Gb is too small for the DAG then it should be profitable.

If anyone is mining with these cards, what is the hashrate?

Thanks.

[vapourminer]

thanks for el fasto answer

i can have the 290 on its way and here by next weekend

any other want to chine in?

heres another followup question

r9 390 is better yes?

[kkraus69]

@vopourminer, how many 290 cards are you able to get and what are they costing you? My 290 hashes at about 24.5 and my 280X's at 21.5. In my area the 280X costs about $200 and the 290 about $300 used making the 280X pay itself of faster. Canadian $

I haven't used any 390 cards but I think they are similar to the 290. Now the question for you is if you want new or used.

[Omega.SportSciencie]

I don't think it's on a bubble but just the correct price it should have...

[vapourminer]

@vopourminer, how many 290 cards are you able to get and what are they costing you? My 290 hashes at about 23.5 and my 289X's at 21.5. In my area the 280X costs about $200 and the 290 about $300 making the 280X pay itself of faster. Canadian $

dunno yet. newegg/amazon is my goto place

now looking at 380Xs

$235ish