[ANN] Ethereum: Welcome to the Beginning

[fr4nkthetank]

No mention of the huge DEFI hack that just happened ? 

Also above poster you forget to mention base fees makes eth transfers always more expensive due to the adjusting mechanism, and block size is doubled - but I think you mean to say block size always tends to being 50% full, because thats the adjusting mechanism for the base fee. 

[Termie]

No mention of the huge DEFI hack that just happened ? 

the hacker wanna give back the funds
https://np.reddit.com/r/CryptoCurrency/comments/p25cex/the_polynetwork_hacker_is_returning_the_funds/

[epis11]

I thought EIP-1559 will help reduce the gas fees when transacting on eth network but its so disappointing can't even exchange my erc20 tokens bought at Dex because of too much fees $43.60 low fees now this is horrible network I hope this is just temporary and eventually price will stabilize to much lower compare to now below $1 is fine but $43 for token transfer fees hell no!

[hd49728]

I thought EIP-1559 will help reduce the gas fees when transacting on eth network but its so disappointing can't even exchange my erc20 tokens bought at Dex because of too much fees $43.60 low fees now this is horrible network I hope this is just temporary and eventually price will stabilize to much lower compare to now below $1 is fine but $43 for token transfer fees hell no!

It's myth. Gas now shows the gas price is not too high but I can not consider 40 Gwei is a cheap price. In 2020, before the DeFi season, gas price was cheaper, under 20 Gwei but price of ETH is about $200. Now ETH is trading at more than $3,100.

Transaction fees on ERC-20 chain is x30 more expensive than in May 2020.
 
https://www.gasnow.org/

[zasad@]

https://twitter.com/ethburnbot/status/1425230784164556803?
"945.1184 $ETH burned 🔥🔥🔥 last hour.

Issuance: 528.0000 ETH
Net Change: -417.1184 ETH
Annualized: -3.12% 📉

2021-08-10 22:00-23:00 UTC
Last Block: 13000300
Cumulative 🔥: 24,942.1282 ETH"

[Kumic]

I have 1070 cards, what is the best miner for Ethereum with these cards?

[JollyGood]

I read about that in the news too. He has already returned some of the funds and wants to return the rest. The amount of Binance Coin he stole was a shock. Here is the tweet: https://twitter.com/PolyNetwork2/status/1425509322126024708

$342 million (As of 12 Aug 08:18:29 AM +UTC) of assets had been returned:
Ethereum: $4.6M
BSC: $252M
Polygon: $85M

The remaining is $268M on Ethereum


Did he really carry out the hack just expose a vulnerability?

No mention of the huge DEFI hack that just happened ? 

the hacker wanna give back the funds
https://np.reddit.com/r/CryptoCurrency/comments/p25cex/the_polynetwork_hacker_is_returning_the_funds/

[hd49728]

I read about that in the news too. He has already returned some of the funds and wants to return the rest. The amount of Binance Coin he stole was a shock. Here is the tweet: https://twitter.com/PolyNetwork2/status/1425509322126024708

$342 million (As of 12 Aug 08:18:29 AM +UTC) of assets had been returned:
Ethereum: $4.6M
BSC: $252M
Polygon: $85M

The remaining is $268M on Ethereum


Did he really carry out the hack just expose a vulnerability?

It's weird.

Even it is his intention with the hack, he took risk by himself just to help the Poly Network or the crypto community. I don't think it is the intention because taking risk like that is very stupid.

What is really reason behind the hack and refund?

[safar1980]

I have 1070 cards, what is the best miner for Ethereum with these cards?

These video cards are no longer overclocked, the average hash rate is 27-29 megahash.
https://2miners.com/blog/best-ethereum-mining-software-for-nvidia-and-amd/
"The only open-source mining software Ethminer came third. It doesn’t charge a developer’s fee, so hashrates in the program and in the pool are almost identical with a 0.01% difference. As you can see, if mining software is free, it doesn’t mean that you get more profit. If you choose Gminer or T-rex, you gain more."

[Kumic]

I have 1070 cards, what is the best miner for Ethereum with these cards?

These video cards are no longer overclocked, the average hash rate is 27-29 megahash.
https://2miners.com/blog/best-ethereum-mining-software-for-nvidia-and-amd/
"The only open-source mining software Ethminer came third. It doesn’t charge a developer’s fee, so hashrates in the program and in the pool are almost identical with a 0.01% difference. As you can see, if mining software is free, it doesn’t mean that you get more profit. If you choose Gminer or T-rex, you gain more."

Thank you. I am using Gminer.

[Daltonik]

For those who use the Geth client, the developers have released a new version of Geth v1.10.8, which fixes a serious vulnerability in the code, according to the developers, all versions of Geth that support the London hard fork are vulnerable.

[tabas]

The fee is crazy right now. Ethgasstation suggest 102 for an instant transfer and lowest is in 67 gwei as the standard. A while ago I've seen it on 93 gwei and that already surprised me.
I thought that the fork will give significant decrease to the fees .

[fr4nkthetank]

If you mine ETH, just set the fee around 25-35 max max, and be patient.  theres no point in paying a higher fee.
edit: might have to wait a year or two

[Mrpumperitis]

Really interesting project and one to keep an eye on


https://twitter.com/Raptor2799/status/1430890724870922253
Do you know how
@sarcophagusio
 works? ⚒️🛠️

Take a look at the explanation below, it explains the problem and the solution quite easily.
#Ethereum #arweave #ETH $SARCO







https://medium.com/sarcophagus-community/sarcophagus-a-dead-mans-switch-92e70de66554

A dead man’s switch is a mechanism (digital or physical) that triggers when the user fails to perform an action.


The combination of Ethereum’s network and the permanent file storage network that Arweave provides is the perfect storm for creating the dead man’s switch that Sarcophagus offers.
From a technical perspective, it works because Ethereum allows for an immutable contract to be hosted for the duration of the contract and Arweave’s technology allows for files to be stored and retrieve upon execution.
The perfect storm of technology to protect assets from the unforeseen.

[Daltonik]

A failure of the Palantir software, thanks to which several FBI employees received unauthorized access to the personal data of the Ethereum Foundation developer Virgil Griffith. For Virgil Griffith, the alleged violation of his constitutional rights may be a potential remedy. Now lawyers are studying the available legal options.

Experts have not ruled out that the incident may indicate a broader problem with the use of Palantir by the FBI. https://nypost.com/2021/08/25/fbi-palantir-glitch-allowed-unauthorized-access-to-private-data/

[safar1980]

"A consensus bug hit #ethereum mainnet today, exploiting the consensus-bug that was fixed in geth v1.10.8. Fortunately, most miners were already updated, and the correct chain is also the longest (canon)

PSA: Update to v1.10.8!"

Link
https://twitter.com/mhswende/status/1431259601530458112

"Update on this: 3 pools seem to be have been mining on the wrong Geth version:
@flexpool_io
 (who reported the issue 🙏),
@btccom_official
 and
@binance. "

Link
https://twitter.com/TimBeiko/status/1431278258222338056

[r_victory]

The fee is crazy right now. Ethgasstation suggest 102 for an instant transfer and lowest is in 67 gwei as the standard. A while ago I've seen it on 93 gwei and that already surprised me.
I thought that the fork will give significant decrease to the fees .

Crazy? I say it's insane, yesterday I got scared when I saw that the gas fee for a few moments was around 250 Gwei or more. At other times it reached 400 Gwei. It is practically impossible to transfer small amounts, if you transfer $100, half is just to pay the fee...

[Termie]

ETH burn rate last night (CET) - "a bit more deflationary"
Looks really crass
https://i.imgur.com/rp8A9aB.jpg

[Kavelj22]

The fee is crazy right now. Ethgasstation suggest 102 for an instant transfer and lowest is in 67 gwei as the standard. A while ago I've seen it on 93 gwei and that already surprised me.
I thought that the fork will give significant decrease to the fees .

Crazy? I say it's insane, yesterday I got scared when I saw that the gas fee for a few moments was around 250 Gwei or more. At other times it reached 400 Gwei. It is practically impossible to transfer small amounts, if you transfer $100, half is just to pay the fee...

Yesterday, i have paid 26$ to send a token worth 60$.
At the time of writing this post, Eth-Gas-Station proposes 120 for fast transaction and 83 for standards and 165 in the trader option which is really insane. For those who think that Fork will help decrease the gas fee, i want to inform them that this won't happen for sure. Miners still have the authority to determine the gas limit, unless all users start migrating from Eth to other alternatives (BSC for instance).

[fr4nkthetank]

some blocks were 2000+ gwei base fee...