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Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1844888 times)
whotheff
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October 08, 2018, 12:11:51 AM
 #20641


Allowing ASICs to exist was the first big mistake.
Monero team gained a huge trust bonus when they cut out the ASICs.

I don't know how many ETH users are mainers, but for sure every ETH miner is
a potential ETH user and HODLer/trader.


people
please

understand once that daggerhashimoto ASIC does not exist
if you are assuming that the bitmains product, the ANTMINER E3, is an ASIC machine you are wrong
there is no asic borad inside, is made combining similar GPU boards like INNO3D-P106-090
Cause, this machine does not give you more than 190 Mh/s, so likely a regular DIY rig
ASICS normally gives you more than 10 times more hashing power on the same algo compared to the GPU hashing speed

ETH & its DAG file and all daggerhashimoto coins, until now, are completely ASIC resistant

This was the first version and it was released at $800. And it is created by a single company. And even though I agree with you of dagger's natural resistance, 90% of the miners believe it is Bitmain who is stealing their income and ETH team doesn't care. Nobody explained how many % are the Bitmain miners.
And allowing an ASIC on the network, even created out of old GPUs, creates a precedent. This precedent shows that when there is external influence on the hashrate (by external i mean Bitmain), the ETH team does nothing.
To people that translates to: "ETH team doesn't really care what is happening" => less trust = loong dip.

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October 08, 2018, 03:39:23 AM
 #20642


Allowing ASICs to exist was the first big mistake.
Monero team gained a huge trust bonus when they cut out the ASICs.

I don't know how many ETH users are mainers, but for sure every ETH miner is
a potential ETH user and HODLer/trader.


people
please

understand once that daggerhashimoto ASIC does not exist
if you are assuming that the bitmains product, the ANTMINER E3, is an ASIC machine you are wrong
there is no asic borad inside, is made combining similar GPU boards like INNO3D-P106-090
Cause, this machine does not give you more than 190 Mh/s, so likely a regular DIY rig
ASICS normally gives you more than 10 times more hashing power on the same algo compared to the GPU hashing speed

ETH & its DAG file and all daggerhashimoto coins, until now, are completely ASIC resistant

This was the first version and it was released at $800. And it is created by a single company. And even though I agree with you of dagger's natural resistance, 90% of the miners believe it is Bitmain who is stealing their income and ETH team doesn't care. Nobody explained how many % are the Bitmain miners.
And allowing an ASIC on the network, even created out of old GPUs, creates a precedent. This precedent shows that when there is external influence on the hashrate (by external i mean Bitmain), the ETH team does nothing.
To people that translates to: "ETH team doesn't really care what is happening" => less trust = loong dip.

I hope people don't think this way...cuz that's retarded. The algo isn't broken like sha256: no hw implementation is drastically better than GPU's. Why in the world would the community push for doing "something"?

That scenario might account for some drops is price, but it's by far not the main reason.

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October 08, 2018, 04:11:04 AM
 #20643

It isn't clear when those releases will take place but implementations of Sharding,Plasma and privacy layer has been in advanced stages according  to Vitalik in recent tweet. That is development on technical side whereas Ethereum's physical etf also are on ten table to be prepared just like Bitcoin's at the start of next year. All these things if don't make someone bullish on Ethereum then what else can do.

Ethereums ETF is not happening anytime soon. I don't know where you read but BTC is not getting an ETF next year. All the proposals have been delayed or rejected and with the current regulation issues, it doesn't seem like they will ever be approved.

Yes the developement is great for ETH however the reason why the price is low is not due to lack of developement its due to the ICOs which are causing massive selling and other investors who bought ETH at $1000 because it "looked cheaper than BTC" and they are sitting on an 80% loss.

So even if ETH rallies to $500, it will be hit with massive ICO sellers and people who bought at $1000 who will be selling to get at least 50% of their money back.
we don't really need etfs to get crypto price moving up, bitcoin, eth and other coins have gone up a lot before without etf, they can go up a lot again without etf.
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October 08, 2018, 05:11:29 AM
 #20644






The main thing is that after the convergence of the big triangle, the project and the market were very good news, then possible explosive growth in the price of Eth.

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October 08, 2018, 07:06:12 AM
 #20645

It isn't clear when those releases will take place but implementations of Sharding,Plasma and privacy layer has been in advanced stages according  to Vitalik in recent tweet. That is development on technical side whereas Ethereum's physical etf also are on ten table to be prepared just like Bitcoin's at the start of next year. All these things if don't make someone bullish on Ethereum then what else can do.

Ethereums ETF is not happening anytime soon. I don't know where you read but BTC is not getting an ETF next year. All the proposals have been delayed or rejected and with the current regulation issues, it doesn't seem like they will ever be approved.

Yes the developement is great for ETH however the reason why the price is low is not due to lack of developement its due to the ICOs which are causing massive selling and other investors who bought ETH at $1000 because it "looked cheaper than BTC" and they are sitting on an 80% loss.

So even if ETH rallies to $500, it will be hit with massive ICO sellers and people who bought at $1000 who will be selling to get at least 50% of their money back.
we don't really need etfs to get crypto price moving up, bitcoin, eth and other coins have gone up a lot before without etf, they can go up a lot again without etf.
i agree with you without ETF, bitcoin and eth is still in power
and this is all from the people who believes in crypto currency
but one thing if bitcoin ETF approves then eth price could hit 2000$ in very short time and all other crypto currencies will cross their all time high prices



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October 08, 2018, 12:09:42 PM
 #20646

The block reward will be 2 eth oer block soon
So, we can expect a price pump, cause miners has to pay the elec
Similar scenario what we have seen on the btc halving

So, keep in mind that eth is still cheap to buy some more  Wink

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October 08, 2018, 12:51:13 PM
 #20647

x5 will soon  Wink




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bitcademyfootball
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October 08, 2018, 01:20:14 PM
 #20648

Good project

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October 08, 2018, 01:26:26 PM
 #20649

Good project

No shit  Grin  Cheesy

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October 08, 2018, 05:11:41 PM
 #20650

The block reward will be 2 eth oer block soon
So, we can expect a price pump, cause miners has to pay the elec
Similar scenario what we have seen on the btc halving

So, keep in mind that eth is still cheap to buy some more  Wink

That's a dangerous stance. It' certainly doesn't have to pump to maintain miners. Miners could always fall off due to unprofitability (which has been the trend for 2018, not price pumps).

Also, not even btc price charts correlate rewards halving with pumps.

Still: buy eth while it's cheap!

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October 09, 2018, 09:14:10 AM
 #20651

The block reward will be 2 eth oer block soon
So, we can expect a price pump, cause miners has to pay the elec
Similar scenario what we have seen on the btc halving

So, keep in mind that eth is still cheap to buy some more  Wink
A very likely scenario. Big players will not miss their advantage, now smart people accumulate Eth as much as they can. A reward of 2 Eth for finding a block will increase the price.

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October 09, 2018, 09:16:10 PM
 #20652

The block reward will be 2 eth oer block soon
So, we can expect a price pump, cause miners has to pay the elec
Similar scenario what we have seen on the btc halving

So, keep in mind that eth is still cheap to buy some more  Wink
A very likely scenario. Big players will not miss their advantage, now smart people accumulate Eth as much as they can. A reward of 2 Eth for finding a block will increase the price.
if that happens then obviously eth price will increase. because miner will get less reward for finding a block with same cost so they will sell them at high price or hold the reward.
many developments will be implement on eth in future. and scaling is the big thing.
right now eth price is cheap while market down. should have collect more

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October 09, 2018, 10:49:13 PM
 #20653

we are finalkly seeing a stability in prices
this is good for crypto, not to be volatile like it was last year this time

Lol, if crypto is going to be stable then what are you going to do with it? I don't like stability at all, I do like volatility. Why?
Because you can trade volatility and gain profits. Volume spiking not on the stable market, as you we all see now when the price of Bitcoin is chopping volume is dramatically decreasing so market becomes illiquid. Volatility is good for everyone and actually, that's why everyone loves crypto.



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October 09, 2018, 11:07:57 PM
 #20654

The block reward will be 2 eth oer block soon
So, we can expect a price pump, cause miners has to pay the elec
Similar scenario what we have seen on the btc halving

So, keep in mind that eth is still cheap to buy some more  Wink
A very likely scenario. Big players will not miss their advantage, now smart people accumulate Eth as much as they can. A reward of 2 Eth for finding a block will increase the price.
if that happens then obviously eth price will increase. because miner will get less reward for finding a block with same cost so they will sell them at high price or hold the reward.
many developments will be implement on eth in future. and scaling is the big thing.
right now eth price is cheap while market down. should have collect more

There is still a price upheaval to this day, now it may still be an expensive price for the ETH, but in the next few months it will definitely go down again if the bitcoin price is still flat until the next week.

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Ann
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alevlaslo
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October 10, 2018, 04:50:59 AM
 #20655



Dollar_Hunter
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October 10, 2018, 05:11:03 AM
 #20656




Wow ethereum is still ranked second as the favorite coin for investment,
indeed speaking ethereum I think there is no doubt,
I'm sure if we invest in ethereum it will be profitable

naska21
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October 10, 2018, 06:21:19 AM
 #20657

we are finalkly seeing a stability in prices
this is good for crypto, not to be volatile like it was last year this time

Lol, if crypto is going to be stable then what are you going to do with it? I don't like stability at all, I do like volatility. Why?
Because you can trade volatility and gain profits. Volume spiking not on the stable market, as you we all see now when the price of Bitcoin is chopping volume is dramatically decreasing so market becomes illiquid. Volatility is good for everyone and actually, that's why everyone loves crypto.

I am using ETH to buy at my local grocery (sure via Visa card  that is replenished by fiat coming from crypto exchange) so I would prefer to have low volatile Ethereum to project my living.
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October 10, 2018, 05:11:10 PM
 #20658




One week ago XRP was trying to overtake Ethereum but failed.  Cheesy
Ethereum still standing high at second position, as we are seeing crypto still stable i think something big is coming.
https://blockonomi.com/ethereum-price-prediction/

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October 10, 2018, 05:21:12 PM
 #20659



early months of 2018 XRP hit second rank for some days coinmarketcap but after some day maybe weeks ETH get back to second rank and I think it will still be in the future


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October 10, 2018, 06:20:25 PM
 #20660

WOW, thanks Etherscan team  Kiss

https://twitter.com/nexofinance/status/1049999983909449729?s=21

An awesome milestone for the #NexoEverywhere integration campaign: our dedicated “Crypto Loan” button is now also on @etherscan, the most used Ethereum explorer. Tens of millions will now see Nexo’s crypto loans, a unique proposition of instant cash and HODLing at the same time.

Bitcoin cash is the real upgrade bitcoin needed, not segwit.btc is no longer what people think it was...https://www.segwetters.org/
How The Banks Bought Bitcoin  The Lightning Network - https://www.youtube.com/watch?v=UYHFrf5ci_g&feature=youtu.be&repost= Bitcoin: A Peer-to-Peer Electronic Cash System https://bitcoin.org/bitcoin.pdf
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