[ANN] Ethereum: Welcome to the Beginning

[zasad@]

Last news

Ethereum 2.0 Launch Gets Closer With Minor Code Release
https://decrypt.co/47156/ethereum-2-0-launch-gets-closer-with-minor-code-release

We have a go for Main engine start 🚀
https://github.com/ethereum/eth2.0-deposit-cli/releases/tag/v1.0.0

ETH 2.0 Deposit Contract is ‘Basically Good to Go,’ says ConsenSys Dev
https://decrypt.co/45658/eth-2-0-deposit-contract-is-basically-good-to-go-says-consensys-dev

[BoozyTalking]

Anybody know when PoW phase will end?

[asriloni]

Anybody know when PoW phase will end?

I thought that if it will never end. There's a lot of discussions about that and I remember some core ethereum developers have proposed to end the POW phase but they were seeking for an alternative way to create a hybrid chain.
There will be possibility for ethereum to keep the POW consensus and at the same time it will be running POS too.
There's not exact date about when POW will be end but I doubt if POW will be erased after the launch of ethereum 2.0

hybrid looks a very strong consensus that will be adopted by ethereum.

[zasad@]

Anybody know when PoW phase will end?

https://ethereum.org/en/eth2/

"Phase 1.5: mainnet becomes a shard
Expected: 2021

Up until Phase 1.5, the Ethereum we use today on mainnet will continue as a proof-of-work blockchain. Transactions will continue to be processed by miners. But in Phase 1.5, mainnet will officially become a shard and transition to proof-of-stake.

For end users and dapps, this change should be seamless."


https://launchpad.ethereum.org

"Network status
19,205 ETHalready staked and counting.
The eth2 network needs to reach at least 524,288 ETH,16,384 validators,to launch the mainnet."

[grabpopcorn536]

Anybody know when PoW phase will end?

I thought that if it will never end. There's a lot of discussions about that and I remember some core ethereum developers have proposed to end the POW phase but they were seeking for an alternative way to create a hybrid chain.
There will be possibility for ethereum to keep the POW consensus and at the same time it will be running POS too.
There's not exact date about when POW will be end but I doubt if POW will be erased after the launch of ethereum 2.0

hybrid looks a very strong consensus that will be adopted by ethereum.

If when they remove POW, will the transaction confirmation on Ethereum still be a GAS auction?
I find that to fully convert from POW to POS takes a lot of time, at least a few years. I am thinking about the fate of DAPPs on Ethereum, maybe they will convert their source code on some EThereum protocol to accommodate the complete ETH 2.0 update.

[fapar]

Anybody know when PoW phase will end?

I thought that if it will never end. There's a lot of discussions about that and I remember some core ethereum developers have proposed to end the POW phase but they were seeking for an alternative way to create a hybrid chain.
There will be possibility for ethereum to keep the POW consensus and at the same time it will be running POS too.
There's not exact date about when POW will be end but I doubt if POW will be erased after the launch of ethereum 2.0

hybrid looks a very strong consensus that will be adopted by ethereum.

If when they remove POW, will the transaction confirmation on Ethereum still be a GAS auction?
I find that to fully convert from POW to POS takes a lot of time, at least a few years. I am thinking about the fate of DAPPs on Ethereum, maybe they will convert their source code on some EThereum protocol to accommodate the complete ETH 2.0 update.

Why? ETH 2.0 is planned to be backward compatible for existing DAPPS. Validators (32 ETH on balance) or validator pools must confirm transactions in the network. The period of initial accumulation of ETH ends.

[JollyGood]

No you are not missing anything at all, the market works in ways way beyond our comprehension. Remember when ETH price dropped to below $100? We have moved on from there at least but until a fully functional 2.0 is launched volatility will be interlinked it. Give it time, the only way is up in the long term.

Just remember though whenever they announce it will be ready, it will probably get delayed again. People are getting tired of looking the tx fees and also at the delays in getting 2.0 launched. They could not even manage the testnet launch properly and have seriously damaged their own reputation and the confidence that people had in their project. Ethereum might be going down the gutter soon and be replaced with better alternatives unless the developers wake up and realise the damage to their brand their delays are causing.

hi,

when will ETH 2.0 release? is there any news about it?

Now ETH use POW, so every year nearly 5m new ETH mining.
with ETH 2.0 they will use POS , so every year just 100k new ETH will mining.
This will cause of decrease at sell pressure,  and the price will increase.

Looking at the facts ETH should rise... But it keeps going down.... Doesn't make sense, or I am missing something huge

[Wapinter]

Anybody know when PoW phase will end?

I thought that if it will never end. There's a lot of discussions about that and I remember some core ethereum developers have proposed to end the POW phase but they were seeking for an alternative way to create a hybrid chain.
There will be possibility for ethereum to keep the POW consensus and at the same time it will be running POS too.
There's not exact date about when POW will be end but I doubt if POW will be erased after the launch of ethereum 2.0

hybrid looks a very strong consensus that will be adopted by ethereum.

If when they remove POW, will the transaction confirmation on Ethereum still be a GAS auction?
I find that to fully convert from POW to POS takes a lot of time, at least a few years. I am thinking about the fate of DAPPs on Ethereum, maybe they will convert their source code on some EThereum protocol to accommodate the complete ETH 2.0 update.

Why? ETH 2.0 is planned to be backward compatible for existing DAPPS. Validators (32 ETH on balance) or validator pools must confirm transactions in the network. The period of initial accumulation of ETH ends.

This minimum 32 ETH requirement for staking is not good. One should be able to stake even if he has 1 ETH. That would have pushed the price far above.

[gembira]

Infura - leading service for Ethereum has some difficulty with their work. Seems someone wants dump ETH before launch 2.0 and buy cheacp ETH

https://status.infura.io/

[estenity]

Infura - leading service for Ethereum has some difficulty with their work. Seems someone wants dump ETH before launch 2.0 and buy cheacp ETH

https://status.infura.io/

some people say : hard fork of ETH, by mistake,starting from block 11234873 (07:08 UTC)
it is necessary to upgrade..

https://twitter.com/nikzh/status/1326465592841351168

[zasad@]

https://launchpad.ethereum.org/

https://etherscan.io/address/0x00000000219ab540356cbb839cbe05303d7705fa
I see that there are not so many people willing to staking their 32 Ethereum.

Vitalik Buterin contributes 3,200 ETH to Ethereum 2.0's deposit contract address
https://cryptocurrency.tech/adres-depozitnogo-kontrakta-ethereum-2-0-popolnilsya-3-200-eth-vitalika-buterina/
3,200 ETH out of 57,000 belongs to Vitalik

[JollyGood]

Though I share your sentiments about the way Ethereum has become a laughing stock to a degree it still needs time. Everybody believes at some point 2.0 will have a successful (some day) and without doubt it will start picking up but there will be many not so dull days ahead until the ETH development team get their act together.

Still laugh at your regular words of wisdom though Piston, thank you for brightening up the day   

lol what a shitshow for ETH (YET AGAIN!)....twitter is fun right now seeing the shit going down hahahahaha....

never a dull day for this shitcoin.

[onecall123]

Ethereum 2.0 will go live soon, Vitalik Buterin make proposition ETH 2.0 Staking will require 32 ETH on balance for those who are interested in staking. In the meantime, this already make controversial and will be reconsidered. However, I do believe upcoming Ethereum 2.0 will significantly impact on price.

[gembira]

Infura - leading service for Ethereum has some difficulty with their work. Seems someone wants dump ETH before launch 2.0 and buy cheacp ETH

https://status.infura.io/

some people say : hard fork of ETH, by mistake,starting from block 11234873 (07:08 UTC)
it is necessary to upgrade..

https://twitter.com/nikzh/status/1326465592841351168

So they had just upgrade before Ethereum 2.0 and this problem with Infura because of this upgrade?
Btw this shows as someone want dump price before 2.0 launc. Lets wait new Ethereum ATH 

[Texacha]

I guess there will be staking pools, similar as POW mining pools. You don't have to find new block in order to get reward, so similar will be with POS.

[Eddyc]

Analyzing a little bit about Eth2.0, it may be a delusion on my part or intuition but we can have the slight impression that this update of consensus can connect with projects of technology Web3.0 that is not commented much in the current times and that soon will be the feeling.

Does anyone agree?

[TheSkyTurk]

First Question: 15GH is enough for ETH solo mining ?

Second Question: What is the stake reward for 32 ETH ? Daily, montlhy ?

[dragonvslinux]

Second Question: What is the stake reward for 32 ETH ? Daily, montlhy ?

Month it's 0.1402 ETH from a 32 ETH stake: https://www.stakingrewards.com/earn/ethereum-2-0
Yearly looks better  https://ethereumprice.org/eth-2-calculator/

[Termie]

I wonder how serious/reliable are these ETH staking calculators at this still early phase? On which data they calculate their results?

[Texacha]

Reward per stake will be determined by number of stakers (similar to POW coins, since same reward is shared between "miners", which are in this case stakers). More stakers, less rewards per staker. There can't be any precise calculator now.