[ANN] Ethereum: Welcome to the Beginning

[r_victory]

The fee on Ethereum network (average fee) is lower today. If you have intention to sell your Ethereum (I guess not because it is cheap now) or your ERC20 tokens with coming rallies, today is a good day for you to consider moving them.

Tx Calculator shows the average fee is 88 Gwei. 4 days ago, on 3 September 2020, it was 372 Gwei.

To make sure that the Gwei you use will satisfy your need on speed of transaction, you can check the % of transactions are accepted by network in last 200 blocks at Tx Pool Report. To get cheap and acceptable transaction waiting time, you need to plan your movements.

I always kept some ETH in the wallet that I use most, about $2 to $5, precisely for the relatively low transaction fees, now I need to have at least $12 to avoid the risk of not being able to pay for a transaction 

[Wapinter]

The fee on Ethereum network (average fee) is lower today. If you have intention to sell your Ethereum (I guess not because it is cheap now) or your ERC20 tokens with coming rallies, today is a good day for you to consider moving them.

Tx Calculator shows the average fee is 88 Gwei. 4 days ago, on 3 September 2020, it was 372 Gwei.

To make sure that the Gwei you use will satisfy your need on speed of transaction, you can check the % of transactions are accepted by network in last 200 blocks at Tx Pool Report. To get cheap and acceptable transaction waiting time, you need to plan your movements.

After almost a week I was finally able to move my tokens from wallet to exchange. But, BTC and ETH price crash ruined the price I was getting for those tokens lol.

Yes seems like gas price is proportional to eth price

[JollyGood]

Many people complaining about the gas but why not look at the bigger picture? It is a temporary issue, relax people....

[arielbit]

Eth is not meant to be a mode of payment. It is basically a smart contract platform currency.
High gas fee is not any hinderence in its growth

I completely agree, but which project now fits the payment criteria?

This maikelblogo piece of shit, has a malware link sig. Enticing miners to try to boost mining hashrate but the reality is, you get malware.

[jqprez]

The new fork will excludes the asics?

[Iamtutut]

The new fork will excludes the asics?

Talking about ETC or ETH ?

ETH going proof of stake means there won't be a need of huge computing power to process the Txs.

[jqprez]

The new fork will excludes the asics?

Talking about ETC or ETH ?

ETH going proof of stake means there won't be a need of huge computing power to process the Txs.

precisely eth. the asic, type innosilicon A10 etc, are they configured for pos or will they become useless?

[JollyGood]

Will you keep using ETH from time to time or will you move on to other crypto because of the tx fees?

I always kept some ETH in the wallet that I use most, about $2 to $5, precisely for the relatively low transaction fees, now I need to have at least $12 to avoid the risk of not being able to pay for a transaction 

[Iamtutut]

The new fork will excludes the asics?

Talking about ETC or ETH ?

ETH going proof of stake means there won't be a need of huge computing power to process the Txs.

precisely eth. the asic, type innosilicon A10 etc, are they configured for pos or will they become useless?

POS (proof of stake) is totally something else, there isn't any algo to mine through computing power (No GPU, no ASIC, nothing) anymore. You put your ETH "at risk" (and you get rewards) while validating Txs. By risk I mean that if you try to cheat, behave as a bad actor...While validating Txs, you'll lose your staked ETH as a punishment. You'll need 32 ETH bo be a "miner / validator".

[zasad@]

Ethereum 2.0 transition is approaching, Serenity Phase 0 proposal submitted
https://www.theblockcrypto.com/linked/77888/ethereum-2-0-transition-serenity-phase-0-proposal-submitted

"The long-awaited transition to Ethereum 2.0 is finally approaching.

Danny Ryan, a core developer at the Ethereum Foundation, has today officially submitted a proposal, for moving the Ethereum blockchain to a proof-of-stake (PoS) consensus mechanism from the current proof-of-work (PoW) algorithm."

https://github.com/ethereum/EIPs/pull/2982

[jqprez]

The new fork will excludes the asics?

Talking about ETC or ETH ?

ETH going proof of stake means there won't be a need of huge computing power to process the Txs.

precisely eth. the asic, type innosilicon A10 etc, are they configured for pos or will they become useless?

POS (proof of stake) is totally something else, there isn't any algo to mine through computing power (No GPU, no ASIC, nothing) anymore. You put your ETH "at risk" (and you get rewards) while validating Txs. By risk I mean that if you try to cheat, behave as a bad actor...While validating Txs, you'll lose your staked ETH as a punishment. You'll need 32 ETH bo be a "miner / validator".

yes but i think will be hybrid POS/POW.

[TeraBite]

The new fork will excludes the asics?

Talking about ETC or ETH ?

ETH going proof of stake means there won't be a need of huge computing power to process the Txs.

precisely eth. the asic, type innosilicon A10 etc, are they configured for pos or will they become useless?

POS (proof of stake) is totally something else, there isn't any algo to mine through computing power (No GPU, no ASIC, nothing) anymore. You put your ETH "at risk" (and you get rewards) while validating Txs. By risk I mean that if you try to cheat, behave as a bad actor...While validating Txs, you'll lose your staked ETH as a punishment. You'll need 32 ETH bo be a "miner / validator".

yes but i think will be hybrid POS/POW.

What is the source of this information? I would like to know about this from where you get this inside information or maybe I missed to read this important update. If you will share the source than it will be appreciated otherwise don't share your own opinion what you think?

[jqprez]

The new fork will excludes the asics?

Talking about ETC or ETH ?

ETH going proof of stake means there won't be a need of huge computing power to process the Txs.

precisely eth. the asic, type innosilicon A10 etc, are they configured for pos or will they become useless?

POS (proof of stake) is totally something else, there isn't any algo to mine through computing power (No GPU, no ASIC, nothing) anymore. You put your ETH "at risk" (and you get rewards) while validating Txs. By risk I mean that if you try to cheat, behave as a bad actor...While validating Txs, you'll lose your staked ETH as a punishment. You'll need 32 ETH bo be a "miner / validator".

yes but i think will be hybrid POS/POW.

What is the source of this information? I would like to know about this from where you get this inside information or maybe I missed to read this important update. If you will share the source than it will be appreciated otherwise don't share your own opinion what you think?

https://cointelegraph.com/news/eth-miners-will-have-little-choice-once-ethereum-20-launches-with-pos   according with the documentation of the casper upgrade the network will support an hybrid model pow pos

[JollyGood]

Why use the google URL instead of using the link directly?

https://cointelegraph.com/news/eth-miners-will-have-little-choice-once-ethereum-20-launches-with-pos
 

What is the source of this information? I would like to know about this from where you get this inside information or maybe I missed to read this important update. If you will share the source than it will be appreciated otherwise don't share your own opinion what you think?

https://www.google.com/amp/s/cointelegraph.com/news/eth-miners-will-have-little-choice-once-ethereum-20-launches-with-pos/amp   according with the documentation of the casper upgrade the network will support an hybrid model pow pos

[jqprez]

Why use the google URL instead of using the link directly?

https://cointelegraph.com/news/eth-miners-will-have-little-choice-once-ethereum-20-launches-with-pos
 

What is the source of this information? I would like to know about this from where you get this inside information or maybe I missed to read this important update. If you will share the source than it will be appreciated otherwise don't share your own opinion what you think?

https://www.google.com/amp/s/cointelegraph.com/news/eth-miners-will-have-little-choice-once-ethereum-20-launches-with-pos/amp   according with the documentation of the casper upgrade the network will support an hybrid model pow pos

changed. true

[ivomm]

Average gas price 700, 800 gwei!

[Ryu XBR Samurai]

Can someone explain how the POW component of Ethereum will work once it transfers to a POS?

[Mr.Scott]

~snip~

Uniswap giveaway FREE UNI coin to their users, right after launching dedicated UNI token. As we can assume that people are going crazy converting into ETH and ETH gas price demand high once again.

[ivomm]

Nvidia has just released new 50% more effective video cards series 3000. Amd is expected to answer with cheaper cards at the end of October.  Both companies are very interested in Ethereum mining profits, so may be a big pump is coming in the next months? POS is not needed now - Defi is working well and there are too many problems to be solved before the transition to full POS is done. It is at least 1.5 year away, if everything is going well and phase 0 (which is a hybrid POS and POW) starts in 2021. This is not highly probable, so we may expect more delays - 2-3 years may be.

[Sy]

Nvidia has just released new 50% more effective video cards series 3000. Amd is expected to answer with cheaper cards at the end of October.  Both companies are very interested in Ethereum mining profits, so may be a big pump is coming in the next months? POS is not needed now - Defi is working well and there are too many problems to be solved before the transition to full POS is done. It is at least 1.5 year away, if everything is going well and phase 0 (which is a hybrid POS and POW) starts in 2021. This is not highly probable, so we may expect more delays - 2-3 years may be.

From what I learn from the final testnet version is that there are still lots of bugs in the network which need to be fixed because if those bugs come to the mainnet it will be really bad. So I agree there is still a long way to go for a full PoS ETH network.