Death of Etheruem mining - Predicitions

[cudapop]

Have they decided upon the block numbers already?

Not yet.

In the discussion on drafting the EIP those devs who wanted to delay the bomb were advised to simply copy the last bomb delay EIP and adjust the block offset value to add 400,000 blocks. This value may change, so we'll have to wait for the EIP to be published.

[1715552395]

1715552395

[Henry_Kyle2018]

#ETH2 i guess will be sort of something very interesting.
Have you seen this certified Miner allready for the ETH2?
https://www.vminertechco.com

[edgycorner]

Have they decided upon the block numbers already?

Not yet.

In the discussion on drafting the EIP those devs who wanted to delay the bomb were advised to simply copy the last bomb delay EIP and adjust the block offset value to add 400,000 blocks. This value may change, so we'll have to wait for the EIP to be published.

wow, that's why odds on "By 1st September" dropped from like +105 to -150
Merge is indeed coming in Agusut 

[cudapop]

wow, that's why odds on "By 1st September" dropped from like +105 to -150
Merge is indeed coming in Agusut 

To be fair, the concern was they were not comfortable with 20+ sec block times by Aug, moving the bomb offset by 400,000 would make Aug block times stay in the 13-14 sec range and Sep block times could be in the 15-16 sec range, so if they wanted to slip the merge to Sep they'ld still be in the "comfortable" block times range. So merge could be in Aug, but could be in Sep.

[FP91G]

Have they decided upon the block numbers already?

Not yet.

In the discussion on drafting the EIP those devs who wanted to delay the bomb were advised to simply copy the last bomb delay EIP and adjust the block offset value to add 400,000 blocks. This value may change, so we'll have to wait for the EIP to be published.

haha
Ethereum developers are great pros at delay the difficulty bomb.

[philipma1957]

Have they decided upon the block numbers already?

Not yet.

In the discussion on drafting the EIP those devs who wanted to delay the bomb were advised to simply copy the last bomb delay EIP and adjust the block offset value to add 400,000 blocks. This value may change, so we'll have to wait for the EIP to be published.

wow, that's why odds on "By 1st September" dropped from like +105 to -150
Merge is indeed coming in Agusut 

Its simple they will push it out if coin is over 2k

They will let it happen if coin is under 1k

the gray zone is 1-2k

[0verseer]

Have they decided upon the block numbers already?

Not yet.

In the discussion on drafting the EIP those devs who wanted to delay the bomb were advised to simply copy the last bomb delay EIP and adjust the block offset value to add 400,000 blocks. This value may change, so we'll have to wait for the EIP to be published.

wow, that's why odds on "By 1st September" dropped from like +105 to -150
Merge is indeed coming in Agusut 

Its simple they will push it out if coin is over 2k

They will let it happen if coin is under 1k

the gray zone is 1-2k

If only the merge could be decided arbitrarily by the price of ETH, kek.
No, they will keep on pushing it and commit the merge between PoS testnet and mainnet. There're maybe some delays, fuds but they're hell bent on doing it, not by any price range but because the ETH has been stagnant for a while. If they keep on the delay like times before, they will hurt ETH furthermore, a self-sabotaging act.

[adaseb]

They are not going to hurt themselves if they delay it. They will say that there is some bug and they need more time and the market will give them another 6 months. It’s been 6 years delayed already. Another 6 months won’t hurt.

In a true bear market whether the fork is successful or not it won’t matter, it will go down anyways on even positive news. I remember with Bitcoin during 2014-2015 there was lots of positive developments but it kept going down anyways. News doesn’t matter in certain trending markets.

[sp_]

They should rename "Smart Contracts" to "Not so smart contracts"

[edgycorner]

There was a merge call today, like a Q&A and going over major topics before the merge
You can watch it here:
https://www.youtube.com/watch?v=qG-A5i6x6N8
Unfortunately couldn't catch it live

Major news is: They are set for a Ropsten merge, as planned in the previous call.


Odds are favouring for a merge in September now(instead of August)

[cudapop]

EIP for difficulty bomb delay has been published:

https://github.com/ethereum/EIPs/blob/master/EIPS/eip-5133.md

Delay has been adjusted by 500,000 blocks (approx. 2.5 months).

Targeting for The Merge to occur before mid August 2022. If it is not ready by then, the bomb can be delayed further.

[philipma1957]

Have they decided upon the block numbers already?

Not yet.

In the discussion on drafting the EIP those devs who wanted to delay the bomb were advised to simply copy the last bomb delay EIP and adjust the block offset value to add 400,000 blocks. This value may change, so we'll have to wait for the EIP to be published.

wow, that's why odds on "By 1st September" dropped from like +105 to -150
Merge is indeed coming in Agusut  

Its simple they will push it out if coin is over 2k

They will let it happen if coin is under 1k

the gray zone is 1-2k

If only the merge could be decided arbitrarily by the price of ETH, kek.
No, they will keep on pushing it and commit the merge between PoS testnet and mainnet. There're maybe some delays, fuds but they're hell bent on doing it, not by any price range but because the ETH has been stagnant for a while. If they keep on the delay like times before, they will hurt ETH furthermore, a self-sabotaging act.

It is because pos = piece of shit and death for eth.

So if they delay and eth crashes to 800 they push it forward to save eth ------ and eth dies in 1 or 2 years. their defense is at least we tried to save it.


If they  move in august with prices in the 1500-2500 range and eth craters - they crushed eth and have no defense.


If you don't agree it does not matter this is what is truth. "Or maybe it is what I believe is true."


Now the problem is Mr V.B. may actually  not give a fuck about rationality and truth. He may go contrary and follow your lead and logic. Hoping for a big pushup in price before the crash.

It will be fun to see if Mr V.B. decides to go your route as the crash of eth will truly be spectacular If he goes pos in August of 2022.




Edit:

Hmm so far he seems to be thinking delay as Sept now looks to be the month not August.

[swogerino]

They are not going to hurt themselves if they delay it. They will say that there is some bug and they need more time and the market will give them another 6 months. It’s been 6 years delayed already. Another 6 months won’t hurt.

In a true bear market whether the fork is successful or not it won’t matter, it will go down anyways on even positive news. I remember with Bitcoin during 2014-2015 there was lots of positive developments but it kept going down anyways. News doesn’t matter in certain trending markets.

I hope this is the case,everyone want to continue mining,and what would be the best case scenario is that they say in September we go PoS,only smart people will build cheap rigs like a near 400 Mhsh rig with just 2000-2200 EUR and then they say we will delay it for another 6 months,or for another year.For now the price of video cards are dropping like crazy so for the bold people who think like me it is a golden opportunity to get cheap video cards and continue mining.Hope they keep delaying it for at least summer 2023.

[edgycorner]

It is because pos = piece of shit and death for eth.

ETH was always shit. Remember when they literally deleted coins from the chain? lol
Fck Vitalik Buterin. That guy even considers child abuse less harmful than adults hooked on drugs(imagine even comparing them). I can post that tweet here, if someone's interested.

So if they delay and eth crashes to 800 they push it forward to save eth ------ and eth dies in 1 or 2 years. their defense is at least we tried to save it.


If they  move in august with prices in the 1500-2500 range and eth craters - they crushed eth and have no defense.

While I do agree with your opinion about ETH & VB, I find it hard to bargain with this one.
VB's focus has definitely shifted from the economic aspect of ETH to expanding on ETH's turning-completeness.
Now whether or not the rest of ETH devs follows the same philosophy and how much influence VB has on their position are two unknown entities.

ETH will crash if any client encounters a bug after the merge. That crash will be brutal and definitely the end of ETH.

I hope this is the case,everyone want to continue mining,and what would be the best case scenario is that they say in September we go PoS,only smart people will build cheap rigs like a near 400 Mhsh rig with just 2000-2200 EUR and then they say we will delay it for another 6 months,or for another year.For now the price of video cards are dropping like crazy so for the bold people who think like me it is a golden opportunity to get cheap video cards and continue mining.Hope they keep delaying it for at least summer 2023.

Summer 2023 is very optimistic bro
This isn't a good time to buy cards for sure. Be it for mining or gaming. We are soon getting 4000 series launch  

[Coinfarm ventures]

...

I agree with everything you said. They shouldn't have bailed out the DAO investors in 2016. ETH strayed from its original purpose of a decentralized world computer and is now just another Solana or XRP or maybe even a LUNA if the worst case happens.

With PoS it's now just a system where the rich get richer and make the rules, which is just like the legacy banking world.

I also wouldn't build any more mining rigs, especially not with video cards that aren't good at non-ETH coins, like the RTX 3090 or RX 5700. If I built rigs I would choose the RTX 3060 Ti, RTX 2070 super or RX 6800.

[sp_]

The biggest problem with Ethereum moving to POS is not the ethereum coin itself, but all the projects that use the technology of ethereum. Stablecoins are heavily depended up on security, but when you move from something 100% secure, to something uncertain it will cause an earthquake into the system.

[FP91G]

Ethereum's Ropsten test merge expected to initiate in next 48 hours
https://www.theblockcrypto.com/post/150450/ethereums-ropsten-test-merge-expected-to-initiate-in-next-48-hours
Today is the start of the first important test. Will you transfer some of your coins to other blockchains or are you not afraid of possible problems after the end of Ethereum mining?

[swogerino]

Ethereum's Ropsten test merge expected to initiate in next 48 hours
https://www.theblockcrypto.com/post/150450/ethereums-ropsten-test-merge-expected-to-initiate-in-next-48-hours
Today is the start of the first important test. Will you transfer some of your coins to other blockchains or are you not afraid of possible problems after the end of Ethereum mining?

Not afraid at all,ready to change my hash rate to Ethereum Classic for one or two months which I believe will be the time needed for new like Ethereum coin to take over the mining of video cards and also ASICS but I would prefer an ASIC resistant coin.If it doesn't happen I will still mine at a loss because by mining at a loss with Nicehash during all 2018 the amount of Bitcoin I mined was translated in great money in February 2021,I am ready to give it one more try this time to the same pattern,mining at a loss.

If Ethereum mining does not end,great news for all of us which will continue to get our daily share of cryptocurrencies by mining.

[ETHHash]

Ethereum mining will be dead forever!
Difficulty bomb will be detonated soon !

All miners who donated their hardware to the network are left with their hardware and their hardware investments.
The ETH mining will be dead forever.
There is no coin equivalent to ETH - Stop your mining soon - Sell your GPU as soon as possible.

--------

Roposten seems to be working..the last testnet..now we will follow the POS in 8/Q3:
https://twitter.com/TimBeiko?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

[FP91G]

Ethereum's Ropsten test merge expected to initiate in next 48 hours
https://www.theblockcrypto.com/post/150450/ethereums-ropsten-test-merge-expected-to-initiate-in-next-48-hours
Today is the start of the first important test. Will you transfer some of your coins to other blockchains or are you not afraid of possible problems after the end of Ethereum mining?

Not afraid at all,ready to change my hash rate to Ethereum Classic for one or two months which I believe will be the time needed for new like Ethereum coin to take over the mining of video cards and also ASICS but I would prefer an ASIC resistant coin.If it doesn't happen I will still mine at a loss because by mining at a loss with Nicehash during all 2018 the amount of Bitcoin I mined was translated in great money in February 2021,I am ready to give it one more try this time to the same pattern,mining at a loss.

If Ethereum mining does not end,great news for all of us which will continue to get our daily share of cryptocurrencies by mining.

Ethereum can be mined on asics, and after the end of mining, these asics will mine Ethereum Classic, so the profit will be very small. There are still a couple of coins on this algorithm, but even now mining is almost unprofitable.