Ethereum block reward reduced

[neocry43]

Hi, Just saw youtube video from voskcoin stating that ethereum block reward is goin to be reduced by 2.

how do you think this will affect the market and what about the network hashrate which eth has do you think it will reduce

what will be the next best  coin which can  compete with ethereum

do you think ethereum will fall down after this update

[baranovskaeirina]

I don't think it will affect the drop rates as they are and there's nowhere below ! But the competition he has and I think it's EOS and NEO but I also think that they will not be able to beat him .

[bitmover]

If block reward is reduced, the Will theoretically raise, because there will be less coins from the miners to sell.

However, eth is dropping hard now. Let's see how it goes.....

[Defender_Of_The_Ancients]

I think Eth block reward decrease is scheduled to October. Current ETH price is kinda low atm, not the real value of the promising coin... fork should help a bit...

[butka]

Hi, Just saw youtube video from voskcoin stating that ethereum block reward is goin to be reduced by 2.

Not reduced by 2, reduced to 2. That's different. Currently it is 3 ETH, they propose to be 2 ETH.

This is just a proposal by some Ethereum developers, it's not a final decision. If it gets accepted, it won't be before the Constantinople fork is finished, which is scheduled for October.

Obviously, the main reason for this is to fight inflation, which is already too high in the Ethereum network.

[Danimore]

Hi, Just saw youtube video from voskcoin stating that ethereum block reward is goin to be reduced by 2.

how do you think this will affect the market and what about the network hashrate which eth has do you think it will reduce

what will be the next best  coin which can  compete with ethereum

do you think ethereum will fall down after this update

Yes, I think so . There are some big storms coming up next because of this update and many miners has no profits but maybe Asic hardwares will appear to make ETH deeply down . I can see some panics of selling ETH coins in this weekend due to bad rumors.

[zingspeed123]

I think people are very worried about Ethereum. They have achieved many achievements in 2018. The price of ETH has just decreased recently. Let's hope for the future and ignore the past

[bolshojkush]

As far as I know, this was discussed, but not accepted. So don't jump to conclusions. Ethereum has a lot of competitors, one of the most promising is Zilliqa

[dgross0818]

Hi, Just saw youtube video from voskcoin stating that ethereum block reward is goin to be reduced by 2.

how do you think this will affect the market and what about the network hashrate which eth has do you think it will reduce

what will be the next best  coin which can  compete with ethereum

do you think ethereum will fall down after this update

Friends, tell me, please, what it means in practice. I can't understand this technical question. Is it good or bad? Will it increase the cost of transactions? Will it bring down the miner's interest to ETH? Give me detailed answers, please, if you know

[Qiuyue201]

Hi, Just saw youtube video from voskcoin stating that ethereum block reward is goin to be reduced by 2.

how do you think this will affect the market and what about the network hashrate which eth has do you think it will reduce

what will be the next best  coin which can  compete with ethereum

do you think ethereum will fall down after this update

It will be affecting the market especially on its price but so significant. so many people expected the difficulty to be reduced from 3 to the 0.6
i thought that the price of ethereum will remain stable at this rate. Basically it's still a little update compared with EIP 1011 that has been issued by core developer of ethereum.

[Sifon]

I think Eth block reward decrease is scheduled to October. Current ETH price is kinda low atm, not the real value of the promising coin... fork should help a bit...

Do you think the EINC Fork will be of any help? Is it really a fork or just a plain copy of Ethereum?

[Sifon]

As far as I know, this was discussed, but not accepted. So don't jump to conclusions. Ethereum has a lot of competitors, one of the most promising is Zilliqa

NEO and EOS are also good competitors, but Dan Larimer and his team have to get their act together for EOS to compete with ETH.

[Kisahazumaki87]

Maybe if now the eth price is very low but it is likely that a few months the price will rise. If now the prize might be reduced to a few months

[Barrycuda007]

In recent time ethereum position is below standard because peoples are not showing any interest about this coin because of price falling. I believe ethereum will recover their current situation.

[sidneycrypto6]

I think this reduction can affect the market of the ethereum negatively as this will reduce the motivation of the miners to do mining here. This can make reduce their market share so utmost concern needs to be given by the team.

[PureDefender]

Actually such sudden reduction when the market of ethereum is low can negative affect the market. It will make the miners frustrated and their market can be collapsed. But as far as I know the proposal is under discussion and no declaration of such reduction has come to the market.

[bitcoindigger71]

Well the investors in the market are concerned about ETH, but this coin will get the rise in the market again. The only uncertainty is when that will happen. We just need to be a bit patient ad wit for it.

[Utyg]

I think the aether will regain its position. So as on live written millions of projects. And huge amounts of cash have been invested. The usual time bounce is waiting for us. There was a small market correction. A relatively short period of time. Around the time of 9-11 months. The price beat its records up and now gets to the lowest points. All systemically. We need to calculate the lowest price. And shopping.

[cryptoherr]

Yeah nearly all crypto coins do reduce their mining reward with the time going on. This leads to an rising Price if the demand stays the same

[ralle14]

Reducing the block reward to 2 is a good idea to curb the circulating supply. I'm not sure if it would be enough to maintain it's value because 100m in circulation is already a lot then again I could be wrong though.

This leads to an rising Price if the demand stays the same

With cryptocurrencies' volatility it doesn't.

Friends, tell me, please, what it means in practice. I can't understand this technical question. Is it good or bad? Will it increase the cost of transactions? Will it bring down the miner's interest to ETH? Give me detailed answers, please, if you know

Change is good. When asic resistance was introduced to monero its hash rate went down by 80%. It'll surely bring down a lot of miners after the fork then the remaining miners would just continue to mine as the difficulty adjust like nothing happened.