[ANN] Ethereum: Welcome to the Beginning

[Masjiena]

All my mining rigs are fully utilized, I have an HP ENVY i7 laptop Not too much to write home about, but before PoS becomes fully integrated I want to use it for mining as I bought a MacBook pro which I am using now, Any comments would be appreciated...

[Killerpotleaf]

Don't look at so called analysts but use your own mind for decision taking on anything. Ethereum will be second most effective market after Bitcoin continuously and has no immediate danger from any market. Just see its usage level and projects depending solely on Ethereum before even thinking any project having few ICO's can replace it. It isn't going to happen in couple of  years at least.

Analysts like to panic. The facts show that most projects are launched on the Etherium platform. Many platforms are already making their smart contracts, but these projects still need to catch up with the popularity of Etherium. Etherium, too, will not stand on the spot, there is a constant development of the platform.

And even if analysts panic you don't know whether they do it because they think the market will dive or whether they do it to buy cheaper.

I know that Etherium is gaining momentum and is becoming more popular. The team is constantly improving Etherium in technical terms. Many projects will soon launch their product on this platform. I also know that Eth has grown very much in a year. The entire market also grew sharply. Now there is a correction of the market. A year ago the Eth token cost $ 20.

[onebtcforlife]

Don't look at so called analysts but use your own mind for decision taking on anything. Ethereum will be second most effective market after Bitcoin continuously and has no immediate danger from any market. Just see its usage level and projects depending solely on Ethereum before even thinking any project having few ICO's can replace it. It isn't going to happen in couple of  years at least.

Analysts like to panic. The facts show that most projects are launched on the Etherium platform. Many platforms are already making their smart contracts, but these projects still need to catch up with the popularity of Etherium. Etherium, too, will not stand on the spot, there is a constant development of the platform.

And even if analysts panic you don't know whether they do it because they think the market will dive or whether they do it to buy cheaper.

I know that Etherium is gaining momentum and is becoming more popular. The team is constantly improving Etherium in technical terms. Many projects will soon launch their product on this platform. I also know that Eth has grown very much in a year. The entire market also grew sharply. Now there is a correction of the market. A year ago the Eth token cost $ 20.

Agree! Ethereum gained large marketing sector through its smart contract and many coins launched under this Ethereum Blockchain. The price of ETH increased very fastly and now ETH is in correction mode and once it has done it will start again increasing its price.

[Nightz]

As for the ethereum, everyone is waiting for an update in the form of a Casper and the transition to PoS. But this process is not as fast as everyone expects. And the price grew only on these rumors and hopes. Even 6 months before the release of the update itself

I don't really think that everyone expects it to happen fast. It's just that most investors are not very patient although crypto has shown that it pays off to be patient so many times.

[thevictimofuktyranny]

ETH will change the consensus this year from POW to POS, and POS's performance promotion of POW is also a volume level. I believe ETH will have a good performance this year.

This conversion has been in talks for many days, but till now there is no specific update from the team. Whether it is a long process that's why are taking a long time, it needs a lot of coding to convert from POW to POS?

I guess this it not about coding, rather then it sticks to their plan. Atm VGA manufacturers tend to specialize to make mining cards, also Bitmain planning to release their ASIC for ETH etc. There is a nice industry behind it and a lot of people are involved of mining.

If ETH would switch from POW to POS it will loose a lot miners. They will start to mine other coins and sooner a later there would be a new no1. coin to mine.

ETH will switch to POS when its became number 1 crypto.

Not true, Vitalkik isnt a Supporter of Asic Miners. i red that if ASICS will be available for ETH, ETH will switch to POS and drop an POW Bomb to make it not possible to calculate the next Block with ASICS

When Ethereum does go to POS, it will gain a lot of value. As people have seen with Ripple.

Many more investors will find it more attractive to buy - due to a massive reduction in the underlying costs basis  - electricity and mining hardware outflows are significantly reduced.

Simple economic theory!

[kobo_eth]

News of the day, Ethereum's first production scaling project is ready:

https://www.coindesk.com/ethereums-first-production-scaling-project-catch/?utm_content=buffer4e203&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

So, say no more to crypto kitties congestion

A little-known company is today releasing a developer toolkit that makes it possible to deploy scalable ethereum apps, effectively leapfrogging ongoing efforts such as Raiden Network and Plasma.

[mandibleclaw]

ASICS are never good for distribution

Is there a proposal to change the PoW algorithm?

In my opinion, since ethereum will go PoS, ASICs will be used with other ethash coins like ethereum classic, expanse and ubiq. For sure if they produce them it's because there's demand

[thevictimofuktyranny]

ASICS are never good for distribution

Is there a proposal to change the PoW algorithm?

In my opinion, since ethereum will go PoS, ASICs will be used with other ethash coins like ethereum classic, expanse and ubiq. For sure if they produce them it's because there's demand

You have to remember: that a lot of these coins are part of the Anti-ASIC Movements.

It is these movements, that have propelled crypto-currencies to their recent valuation successes.

I don't think these people will have the mindset of allowing ASICs to contaminate their projects and community support.

I can see a lot forks and amendments to algorithms.

[naska21]

ASICS are never good for distribution

Is there a proposal to change the PoW algorithm?

In my opinion, since ethereum will go PoS, ASICs will be used with other ethash coins like ethereum classic, expanse and ubiq. For sure if they produce them it's because there's demand

AFAIK, Ethereum does not support the use of ASICs. Mining goes via GPUs that consume  ocean of electricity.  The last  sets a limit to network. PoS  eliminates this.

[abdulaziz07]

When can we expect switching from Proof of work to proof of stake.
really excited for this

[m3ndi3]

I am as yet holding up to perceive what occurs in the market in the following couple of hours. numerous things that can influence the improvement of the market of late.
most all best coins at coinmarketcap are dropping down including ethereum.

[thevictimofuktyranny]

ASICS are never good for distribution

Is there a proposal to change the PoW algorithm?

In my opinion, since ethereum will go PoS, ASICs will be used with other ethash coins like ethereum classic, expanse and ubiq. For sure if they produce them it's because there's demand

AFAIK, Ethereum does not support the use of ASICs. Mining goes via GPUs that consume  ocean of electricity.  The last  sets a limit to network. PoS  eliminates this.

If, you look at the top 20 crypto-currencies, 65% are not using POW.

The success with investors, of this many non-POW coins, does lead most people to conclude that Ethereum will see a good (new paradigm) valuation improvement after the POS.

[iBenGunArmor]

ASICS are never good for distribution

Is there a proposal to change the PoW algorithm?

In my opinion, since ethereum will go PoS, ASICs will be used with other ethash coins like ethereum classic, expanse and ubiq. For sure if they produce them it's because there's demand

AFAIK, Ethereum does not support the use of ASICs. Mining goes via GPUs that consume  ocean of electricity.  The last  sets a limit to network. PoS  eliminates this.

If, you look at the top 20 crypto-currencies, 65% are not using POW.

The success with investors, of this many non-POW coins, does lead most people to conclude that Ethereum will see a good (new paradigm) valuation improvement after the POS.

I agree that evolution will benefit. Tell me the topic was discussed by Casper and tests integration?

[thevictimofuktyranny]

ASICS are never good for distribution

Is there a proposal to change the PoW algorithm?

In my opinion, since ethereum will go PoS, ASICs will be used with other ethash coins like ethereum classic, expanse and ubiq. For sure if they produce them it's because there's demand

AFAIK, Ethereum does not support the use of ASICs. Mining goes via GPUs that consume  ocean of electricity.  The last  sets a limit to network. PoS  eliminates this.

If, you look at the top 20 crypto-currencies, 65% are not using POW.

The success with investors, of this many non-POW coins, does lead most people to conclude that Ethereum will see a good (new paradigm) valuation improvement after the POS.

I agree that evolution will benefit. Tell me the topic was discussed by Casper and tests integration?

It was debated for a long time, mainly when investors wanted an early POS during 2017 on this ANN, but the Ethereum Foundation has always stipulated 2018 for POS.

Now, the statistics from the Top 20 crypto-currencies indicates that Ethereum will gain 2 new investors for every 1 POW miner lost after the POS is implemented.

Naturally, doubling investors numbers will result in an unknown (hard to calculate) increase in valuation.

However, Ethereum will keep nearly all of its POW miners investors, because people did quit mining in 2017 and they kept their investments in Ethereum.

[Opekin]

When can we expect switching from Proof of work to proof of stake.
really excited for this

Still no further follow up informations of switching when it will began and still there are miners who mine Ethereum now i think it will take more time for them to release when it will happen. It makes the ethereum better than before.

[iBenGunArmor]

ASICS are never good for distribution

Is there a proposal to change the PoW algorithm?

In my opinion, since ethereum will go PoS, ASICs will be used with other ethash coins like ethereum classic, expanse and ubiq. For sure if they produce them it's because there's demand

AFAIK, Ethereum does not support the use of ASICs. Mining goes via GPUs that consume  ocean of electricity.  The last  sets a limit to network. PoS  eliminates this.

If, you look at the top 20 crypto-currencies, 65% are not using POW.
The success with investors, of this many non-POW coins, does lead most people to conclude that Ethereum will see a good (new paradigm) valuation improvement after the POS.

I agree that evolution will benefit. Tell me the topic was discussed by Casper and tests integration?

It was debated for a long time, mainly when investors wanted an early POS during 2017 on this ANN, but the Ethereum Foundation has always stipulated 2018 for POS.
Now, the statistics from the Top 20 crypto-currencies indicates that Ethereum will gain 2 new investors for every 1 POW miner lost after the POS is implemented.
Naturally, doubling investors numbers will result in an unknown (hard to calculate) increase in valuation.
However, Ethereum will keep nearly all of its POW miners investors, because people did quit mining in 2017 and they kept their investments in Ethereum.

Yes, it is definitely difficult to predict. The team and the network as a whole will have to prepare thoroughly for such a step.

[cchub]

I obviously agree that PoS increases demand for Ether as said several times, but it also diminishes daily supply of new Ethers.
Demand is increased because there is an economic incentive to hodl - you can gain new Ether.
Supply is decreased because PoS can pay less Ether every day (Vitalik has addressed this subject serveral times).

[lidonglan1012]

I believe that the 2018 Ethereum market value beyond bitcoin, although in the face of strong pressure from the June EOS main line, the pressure I believe ETH will progress more quickly.

[iBenGunArmor]

Hope that Vitalik will do what he is already testing this year.
I am a fan of Eth and I am ready to support the project with everything I can.
Eth could well be the #1 blockchain in the world with lots of useful features!

[rz20]

I believe that the 2018 Ethereum market value beyond bitcoin, although in the face of strong pressure from the June EOS main line, the pressure I believe ETH will progress more quickly.

This year I think we have a really good chance that ETH will cross the market cap of BTC.