[ANN] Ethereum: Welcome to the Beginning

[Luke2939]

So another fork gone bad?? Is that reason as to why ETH is crashing? any suggestions on what price level to add ETH?

[barabbas]

The end...

[szachta]

End of beginning.

[thevictimofuktyranny]

Please update Ethereum wallet after updating geth. We make serious project on Ethereum, it is not a kindergarten.

It might be possible. But the Ethereum has to have some good apps to revive the price. There are too many problems.

Not really, Bitcoin has no apps

[IncludeBeer]

how do i change my password for the ethereum wallet?

[Slydrule]

I would imagine the large numbers of new people to crypto who are involved with Ethereum has more to do with pre-christmas price drops.

Most of the cash purchases for ETH have dwindled in the run into Christmas - because these people have switched their spending to Xmas priorities (gifts and family expenditures).

This tends to effect most crypto's big in the Western spheres and Eastern spheres.

After Xmas ETH price will pick up again

Then, there is POS implementation at end of Feb or beginning of March.

It should be remembered: Proof-Of-Work System does need to raise a lot of fresh cash from new purchases.

When Ethereum goes to Proof-Of-Stake, it will no longer need to raise lots of fresh cash from purchases.

Its not effecting bitcoin and many other coins that are stable right now.  This is an ethash phenomenon.  Its not just ETH, but ETC and Expanse are also dropping comparably.

I still believe its the problems resulting from out of sync situation that has people either turned off or just unwilling to buy right now.

[thevictimofuktyranny]

Bitcoin is going to be in some difficulties in 2017, when Ethereum goes too Proof-of-Stake.

During 2016, Ethereum popularity with new peoples and a younger generation has brought millions of new dollars, euros, pounds, yuan, yen, roubles, etc into the crypto-sector.

A certain large minority of large GPU miners, store there mining profits in Bitcoins.

A lot of that new cash, has gone into double spiking the Bitcoin price this year - so Bitcoins real cash-floating price is around $550, but Ethereum has pushed it up to $700 per a coin.

When ETH goes to Proof-of-Stake, there will be no more extra cash support the Bitcoin price and it will move downwards to a more cash-realistic level.

[thevictimofuktyranny]

how do i change my password for the ethereum wallet?

"Updating an existing account

You can update an existing account on the command line with the update subcommand with the account address or index as parameter.

geth account update b0047c606f3af7392e073ed13253f8f4710b08b6
geth account update 2
The account is saved in the newest version in encrypted format, you are prompted for a passphrase to unlock the account and another to save the updated file.

This same command can therefore be used to migrate an account of a deprecated format to the newest format or change the password for an account.

For non-interactive use the passphrase can be specified with the --password flag:

geth --password <passwordfile> account new
Since only one password can be given, only format update can be performed, changing your password is only possible interactively.

Note: Account update has the a side effect that the order of your accounts changes.

After a successful update, all previous formats/versions of that same key will be removed!"

Quote Source:

https://github.com/ethereum/go-ethereum/wiki/Managing-your-accounts

[klarki]

Bitcoin is going to be in some difficulties in 2017, when Ethereum goes to Proof-of-Stake.

During 2016, Ethereum popularity with new peoples and a younger generation has brought millions of new dollars, euros, pounds, yuan, yen, roubles, etc into crypto-sector.

A certain minority of large GPU miners, store there mining profits in Bitcoins or cash out.

A lot of that new cash, has gone into double spiking the Bitcoin price this year - so Bitcoins real cash-floating price is around $550, but Ethereum has pushed it up to $700 per a coin.

When ETH goes to Proof-of-Stake, there will be no more extra cash support the Bitcoin price and it will move downwards to a more cash-realistic level.

Already a known date when the shift to POS?

[thevictimofuktyranny]

Bitcoin is going to be in some difficulties in 2017, when Ethereum goes to Proof-of-Stake.

During 2016, Ethereum popularity with new peoples and a younger generation has brought millions of new dollars, euros, pounds, yuan, yen, roubles, etc into crypto-sector.

A certain minority of large GPU miners, store there mining profits in Bitcoins or cash out.

A lot of that new cash, has gone into double spiking the Bitcoin price this year - so Bitcoins real cash-floating price is around $550, but Ethereum has pushed it up to $700 per a coin.

When ETH goes to Proof-of-Stake, there will be no more extra cash support the Bitcoin price and it will move downwards to a more cash-realistic level.

Already a known date when the shift to POS?

Nope, it is being kept under wraps.

Naturally, when the date is announced: there will be a big price spike if it's really soon or big price drop if it is really far away.

Lot's of short-term speculators will messing up Ethereum's loyal long-term investors' private investment schedules.

I'd guess, the date of Proof-of-Stake is too financially sensitive to be announced this year.

[jjiimm_64]

Bitcoin is going to be in some difficulties in 2017, when Ethereum goes to Proof-of-Stake.

During 2016, Ethereum popularity with new peoples and a younger generation has brought millions of new dollars, euros, pounds, yuan, yen, roubles, etc into crypto-sector.

A certain minority of large GPU miners, store there mining profits in Bitcoins or cash out.

A lot of that new cash, has gone into double spiking the Bitcoin price this year - so Bitcoins real cash-floating price is around $550, but Ethereum has pushed it up to $700 per a coin.

When ETH goes to Proof-of-Stake, there will be no more extra cash support the Bitcoin price and it will move downwards to a more cash-realistic level.

Already a known date when the shift to POS?

Nope, it is being kept under wraps.

Naturally, when the date is announced: there will be a big price spike if it's really soon or big price drop if it is really far away.

Lot's of short-term speculators will messing up Ethereum's loyal long-term investors' private investment schedules.

I'd guess, the the date of Proof-of-Stake is too financially sensitive to be announced this year.

If I cant mine it.. I wont use it.. POS is just getting the rich richer!

[thevictimofuktyranny]

Bitcoin is going to be in some difficulties in 2017, when Ethereum goes to Proof-of-Stake.

During 2016, Ethereum popularity with new peoples and a younger generation has brought millions of new dollars, euros, pounds, yuan, yen, roubles, etc into crypto-sector.

A certain minority of large GPU miners, store there mining profits in Bitcoins or cash out.

A lot of that new cash, has gone into double spiking the Bitcoin price this year - so Bitcoins real cash-floating price is around $550, but Ethereum has pushed it up to $700 per a coin.

When ETH goes to Proof-of-Stake, there will be no more extra cash support the Bitcoin price and it will move downwards to a more cash-realistic level.

Already a known date when the shift to POS?

Nope, it is being kept under wraps.

Naturally, when the date is announced: there will be a big price spike if it's really soon or big price drop if it is really far away.

Lot's of short-term speculators will messing up Ethereum's loyal long-term investors' private investment schedules.

I'd guess, the the date of Proof-of-Stake is too financially sensitive to be announced this year.

If I cant mine it.. I wont use it.. POS is just getting the rich richer!

That makes no sense!

You can't mine dollars, pounds, yuan, yen, roubles, euros etc - yet, people still use those currencies.

Then, on the other side of the equation people were able to mine ETH with GPU's for 1 year 6 months.

So, most people wouldn't make such a ridiculous statement, because they've had ample opportunity to mine and build up a decent amount of ETH to use in the long-term.

[jjiimm_64]

Bitcoin is going to be in some difficulties in 2017, when Ethereum goes to Proof-of-Stake.

During 2016, Ethereum popularity with new peoples and a younger generation has brought millions of new dollars, euros, pounds, yuan, yen, roubles, etc into crypto-sector.

A certain minority of large GPU miners, store there mining profits in Bitcoins or cash out.

A lot of that new cash, has gone into double spiking the Bitcoin price this year - so Bitcoins real cash-floating price is around $550, but Ethereum has pushed it up to $700 per a coin.

When ETH goes to Proof-of-Stake, there will be no more extra cash support the Bitcoin price and it will move downwards to a more cash-realistic level.

Already a known date when the shift to POS?

Nope, it is being kept under wraps.

Naturally, when the date is announced: there will be a big price spike if it's really soon or big price drop if it is really far away.

Lot's of short-term speculators will messing up Ethereum's loyal long-term investors' private investment schedules.

I'd guess, the the date of Proof-of-Stake is too financially sensitive to be announced this year.

If I cant mine it.. I wont use it.. POS is just getting the rich richer!

That makes no sense!

You can't mine dollars, pounds, yuan, yen, roubles, euros etc - yet, people still use those currencies.

Then, on the other side of the equation people were able to mine ETH with GPU's for 1 year 6 months.

So, most people wouldn't make such a ridiculous statement, because they've had ample opportunity to mine and build up a decent amount of ETH to use in the long-term.

So with that logic.. only people that have mined for X months will have some.. so new people are SOL......     

also, we have to sell the eth to pay for power!

[thevictimofuktyranny]

Bitcoin is going to be in some difficulties in 2017, when Ethereum goes to Proof-of-Stake.

During 2016, Ethereum popularity with new peoples and a younger generation has brought millions of new dollars, euros, pounds, yuan, yen, roubles, etc into crypto-sector.

A certain minority of large GPU miners, store there mining profits in Bitcoins or cash out.

A lot of that new cash, has gone into double spiking the Bitcoin price this year - so Bitcoins real cash-floating price is around $550, but Ethereum has pushed it up to $700 per a coin.

When ETH goes to Proof-of-Stake, there will be no more extra cash support the Bitcoin price and it will move downwards to a more cash-realistic level.

Already a known date when the shift to POS?

Nope, it is being kept under wraps.

Naturally, when the date is announced: there will be a big price spike if it's really soon or big price drop if it is really far away.

Lot's of short-term speculators will messing up Ethereum's loyal long-term investors' private investment schedules.

I'd guess, the the date of Proof-of-Stake is too financially sensitive to be announced this year.

If I cant mine it.. I wont use it.. POS is just getting the rich richer!

That makes no sense!

You can't mine dollars, pounds, yuan, yen, roubles, euros etc - yet, people still use those currencies.

Then, on the other side of the equation people were able to mine ETH with GPU's for 1 year 6 months.

So, most people wouldn't make such a ridiculous statement, because they've had ample opportunity to mine and build up a decent amount of ETH to use in the long-term.

So with that logic.. only people that have mined for X months will have some.. so new people are SOL......    

also, we have to sell the eth to pay for power!

Well, it is not Logic, but I'll assume you are referring to Maths logic, as opposed to the Logic related too philosophy.

In terms of electricity:

As the proportion paid in electricity as percentage of the coin value increases, there is corresponding decrease in profitability - eventually achieving 0 profitability. This is because over-investment in hardware versus affordability of running cost has been miscalculated by the owner of mining rigs. Consequently, they are forced into overselling their mining rewards in coins and this drives the price of the coin downwards towards 0 profitability.  

So, with mining with GPU's - over the long-run it will head towards 0 profitability.

The underlying basis of GPU mining, therefore, you approach it in the same fashion as what you can afford to buy comfortable each month with cash for that crypto.

Consequently, nearly all Proof-Of-Work coins can go through long periods of low profitability or 0 profitability in relation to age of the mining hardware and electricity.

Finally, Ethereum has the highest number of new people investing and mining it - it was a one-off investment opportunity.

For the 1st time, in a long time a large number of crypto businesses and entrepreneurs and developers and enthusiasts came together to build a new crypto-currency pre-funded with 28 million dollars, yuan, roubles, yen, euros, etc.

So, that is not going to happen, again, for a very long-time again.

[IncludeBeer]

how do i change my password for the ethereum wallet?

"Updating an existing account

You can update an existing account on the command line with the update subcommand with the account address or index as parameter.

geth account update b0047c606f3af7392e073ed13253f8f4710b08b6
geth account update 2
The account is saved in the newest version in encrypted format, you are prompted for a passphrase to unlock the account and another to save the updated file.

This same command can therefore be used to migrate an account of a deprecated format to the newest format or change the password for an account.

For non-interactive use the passphrase can be specified with the --password flag:

geth --password <passwordfile> account new
Since only one password can be given, only format update can be performed, changing your password is only possible interactively.

Note: Account update has the a side effect that the order of your accounts changes.

After a successful update, all previous formats/versions of that same key will be removed!"

Quote Source:

https://github.com/ethereum/go-ethereum/wiki/Managing-your-accounts

Mission accomplished, thanks!

[VanDeinsberg12]

Anyone in here can be confirming if this news was true?
http://www.newsbtc.com/2016/11/29/ethereum-undergoes-unintentional-hard-fork/

It already runs, or that was being a new fork.

[szafa]

Only price is dropping etherum working.

[Mrpumperitis]

https://twitter.com/VitalikButerin/status/803853464522620928
  State clearing 99% complete; just awaiting final checks to enumerate any empties we may have missed and poke them.


Previous story less than 24hours ago....http://www.ethnews.com/vitalik-buterin-on-empty-accounts-and-the-ethereum-state

[Mrpumperitis]

Next stop...Metropolis   



 

[bitpop]

Pos is the final nail in the coffin