Eth 2.0 can be delayed to 2024...

[Coinfarm ventures]

However the challenge will be if exchanges want to get involved in this, they probably don’t want to get in conflict with the ETH dev teams.

I don't see how Vitalik or the dev team could punish these exchanges.

[1715462347]

1715462347

[FP91G]

I am not against this fork, but the price of this coin is important for all miners.
Will all ethereum coin holders get rebel fork coins?
121 million coins is enough to drive the price of the coin very low.

At launch all Ethereum holders that haven't locked their funds for staking will receive the same amount of ethereum as they own. Currently this number is 89,2% of the supply but this it is expected to decrease if more users join the ethereum 2.0 staking pool.
Hard to guess the price, it's up to the market to decide.

Do you understand that this can be fatal for your coin?
Ethereum coin owners will immediately sell your coin and the price will be very low. Miners will not be interested in mining your coin, and you will have problems with 51% attacks, as was the case with Ethereum Classic

[sp_]

Do you understand that this can be fatal for your coin?
Ethereum coin owners will immediately sell your coin and the price will be very low. Miners will not be interested in mining your coin, and you will have problems with 51% attacks, as was the case with Ethereum Classic

It could be fatal for the price of Ethereum 2.0 if 25% of the supply is sold to support the Ethereum POW fork.
Guessing the price at launch is impossible, but there are more than 1 million users with a balance is more than 1 ETH. Some will buy, some will sell.

[a1 Hashrate LLC2022]

I am not against this fork, but the price of this coin is important for all miners.
Will all ethereum coin holders get rebel fork coins?
121 million coins is enough to drive the price of the coin very low.

At launch all Ethereum holders that haven't locked their funds for staking will receive the same amount of ethereum as they own. Currently this number is 89,2% of the supply but this it is expected to decrease if more users join the ethereum 2.0 staking pool.
Hard to guess the price, it's up to the market to decide.

Do you understand that this can be fatal for your coin?
Ethereum coin owners will immediately sell your coin and the price will be very low. Miners will not be interested in mining your coin, and you will have problems with 51% attacks, as was the case with Ethereum Classic

Why sell if his coin succeeds the upside is huge.


Here is some simple math .

Eth hash rate is 1.18ph according to coinwarz.

so     1   x 3080    = 100 mh
and 10   x 3080    =  1gh
and 100 x 3080    =  10gh
and 1000 x 3080   =  100gh
and 10000 x 3080 = 1th
100000 x 3080     = 10th
1,000,000 x 3080 = 100th
10,000,000 x 3080 = 1ph.


11,800,000  3080's would be the network

pretend 3,800,000 = asics

so 7,000,000  3080's are all the gpus mining

sp_ did not say if he would allow asics to mine

but if he did it is good for bitmain.

So AMD + NVIDIA and BITMAIN all benefit from his idea.

oh and intel is getting in the game.

What are those companies worth ? close to 1 trillion last I looked.

How about they buy from the fools looking to sell off the "new" eth coin.

12% of eth is by foolish pos piece of shit believers

and ⅓ of that is held by 1 company

so 12 x 121 mill = 14.52 mill coins
⅓ by 1 investor =  4.79 mill coins


value of the 12 % is 1,724,400,000
value of that 1/3 is   574,800,000


value of 7,000,000 3080's is 630,000,000
value of the asics is maybe 300,000,000

and I mine I have some eth I hold not to count the infrastructure I have the cpus the psus the mobos the cooling fans the building

I am only 10gh but why not fight eth and mr v by supporting mr sp_

the only ones at risk are stakers.

btw. 32 coins is now only 40k to risk.

I have far more at risk in my gear than a 32coin staker.

My main point is the stakes coins are not much value anymore 1.7 billion is not a lot.

[0verseer]

All of you guys talk about the new coin fork from ETH without the PoW diff bomb seem unlikely to be successful. Sure, you guys can implement that but the legitimate for it will be your main obstacle. Since if you can do it, many others will do the same. This leads to fracture and the PoW supporters will be split among those forks. While the real PoW of ETH stuck in the diff bomb, either forced to upgrade to 2.0 or suffer the unprofitable.

[sp_]

The same arguments have been used before. Look at Dogecoin. The market cap of Doge is now bigger than Litecoin (the forked coin) . We don't want to join the POS experiment, so we simply move to a more stable, secure and advanced technology POW. By forking, we can remove the whole management of the coin, the devs and the assets of their supporters.

Then we can push the coin in the right direction.  

At launch all Ethereum holders that haven't locked their funds for staking will receive the same amount of ethereum as they own. Currently this number is 89,2% of the supply but this it is expected to decrease if more users join the ethereum 2.0 staking pool.

So the 11.8% who have locked their funds in Ethereum 2.0, will loose their coins in the new Ethereum.

[bitquad]

Sounds like a miner's heaven, but the question is, who will actually use this coin or speculate on it? Don't we already have ETC? That is what actually drives the market cap of coins, which makes them profitable to mine at a large scale like ETH.

If miners go together and dump Ethereum 2.0 POS and buy Ethereum POW that's the only financing you need.. The dumping is already ongoing (to pay the exchanges listing fees etc).. 10.8% of the supply (supporting POS) vs 89% of the supply (supporting POW).

10.8% have already voted POS, and they will loose their funds in the new POW fork..

Didn't you bring out an Ethereum miner? Are you earning fees off other miners? If so you obviously have a biased outlook because those fees would be gone once the switch is made to POS. I am a pool miner myself and have been mining Ethereum for 4 years. But I am not as hysterical as you are with the looming merge and end of Ethereum mining. Get a grip on yourself!

[philipma1957]

Sounds like a miner's heaven, but the question is, who will actually use this coin or speculate on it? Don't we already have ETC? That is what actually drives the market cap of coins, which makes them profitable to mine at a large scale like ETH.

If miners go together and dump Ethereum 2.0 POS and buy Ethereum POW that's the only financing you need.. The dumping is already ongoing (to pay the exchanges listing fees etc).. 10.8% of the supply (supporting POS) vs 89% of the supply (supporting POW).

10.8% have already voted POS, and they will loose their funds in the new POW fork..

Didn't you bring out an Ethereum miner? Are you earning fees off other miners? If so you obviously have a biased outlook because those fees would be gone once the switch is made to POS. I am a pool miner myself and have been mining Ethereum for 4 years. But I am not as hysterical as you are with the looming merge and end of Ethereum mining. Get a grip on yourself!

dude pos is an unmitigated disaster about to happen.

you are advocating for 12% of the eth coins to rule over 100% of the coins and all the gear.

and ⅓ of that 12% is one company.

the best thing mr v could do is end pos experiment because too many coins are in one hand.

[senhorbitcoins]

Ethereum 2.0 will fork the network, and they have implemented a difficulty bomb which will end POW. With a small modification of the wallet code, ethereum will still be minable. Solominers, Pools and exchanges would need to update their wallets.
Another Ethereum Classic, another Team. I am a coin dev and a miner dev with 9 years of blockchain experience, and my team is strong. I have also previously announced that I will create a new coin here on bitcointalk.

We will end up with the POW fork "Ethereum", and the new POS fork "Ethereum 2.0"

and your currency? where is the link that describes about it?

[bitquad]

Sounds like a miner's heaven, but the question is, who will actually use this coin or speculate on it? Don't we already have ETC? That is what actually drives the market cap of coins, which makes them profitable to mine at a large scale like ETH.

If miners go together and dump Ethereum 2.0 POS and buy Ethereum POW that's the only financing you need.. The dumping is already ongoing (to pay the exchanges listing fees etc).. 10.8% of the supply (supporting POS) vs 89% of the supply (supporting POW).

10.8% have already voted POS, and they will loose their funds in the new POW fork..

Didn't you bring out an Ethereum miner? Are you earning fees off other miners? If so you obviously have a biased outlook because those fees would be gone once the switch is made to POS. I am a pool miner myself and have been mining Ethereum for 4 years. But I am not as hysterical as you are with the looming merge and end of Ethereum mining. Get a grip on yourself!

dude pos is an unmitigated disaster about to happen.

you are advocating for 12% of the eth coins to rule over 100% of the coins and all the gear.

and ⅓ of that 12% is one company.

the best thing mr v could do is end pos experiment because too many coins are in one hand.

I mentioned this before, with Bitcoin POW a small percentage of Bitcoin holders are securing the network. Most people have Bitcoin in a wallet and that's it. They are not participating in the network. So your example of 10-12% of ETH securing the network is no different that the current situation with POW Bitcoin or POW Ethereum. There are over 300,000 validators.

[sp_]

I mentioned this before, with Bitcoin POW a small percentage of Bitcoin holders are securing the network. Most people have Bitcoin in a wallet and that's it. They are not participating in the network. So your example of 10-12% of ETH securing the network is no different that the current situation with POW Bitcoin or POW Ethereum. There are over 300,000 validators.

But who is securing the price?
What if If 88% of the coin holders sell Ethereum 2.0 and buy Ethereum POW.

[arielbit]

well..

ETC emerged during a hacking issue, but this new ETH POW will emerge in ETH POS (100% transition).

I think there is enough reason to fork.

I'm a miner, there is also a bias but i'm a shitcoiner too so either way i'm fine  hehe 

[sp_]

I'm a miner, there is also a bias but i'm a shitcoiner too so either way i'm fine  hehe  

I remember back in the days when Ethereum was a shitcoin. We mined a shitload of Ethereum when the price was $1-2 on the exchanges.

Now Ethereum is converting to a Piece Of Shit coin (POS), I expect the price to crash. Let's wake up those old wallets and sell.. The dumping has already started...

[arielbit]

I'm a miner, there is also a bias but i'm a shitcoiner too so either way i'm fine  hehe  

I remember back in the days when Ethereum was a shitcoin. We mined a shitload of Ethereum when the price was $1-2 on the exchanges.

Now Ethereum is converting to a Piece Of Shit coin (POS), I expect the price to crash. Let's wake up those old wallets and sell.. The dumping has already started...

Ethereum foundation announced 100% shift to POS in 2021, when 100% POS platform blockchains like BNB, SOL, DOT, ADA, AVAX pumped (we can say they achieved some level of success), showed promise and functioned without POW.

Did Ethereum foundation felt threatened by something working without POW? or POS is just a soft exit from a failed experiment (you know..world computer and stuff hehe).

Here is another thing to consider, rebellion wants as many allies as possible like ASICs, is it a temptation to cozy up on them or kick them out? One of the original thing back then for ETH was ASIC resistance. Progpow?..

This is going to be a shitshow LOL.

[OgNasty]

ETH 2.0 has been delayed so long now, I don't think the new entrants to the space realize that empty promises over it's launch have been an ongoing joke for several years now. 

I am fascinated by such a large move taking place.  There's a good chance it will be a massive failure, as many in this thread have speculated.  There's also a chance it will be a huge success and major players in traditional finance take a huge stake in it's future.

I am more curious about what happens if it is a failure personally.  I wonder if it would cause a profitable to mine coin like Ravencoin to shoot up in value, or what would happen to the Polygon network. 

It does make me happy that some excitement is coming back to crypto.  It's super cringeworthy how all the news lately is about which big players got greedy and tried to overleverage their way to billions.

[5W-KILO]

I am fine with whatever ETH developers throws at miners face, I care less, what I want is a bigger crash than what we are seeing now, even the shit Luna rose up to 40% in few days after I thought people are going to abandon the Luna classic, anyway, I am here to make profit out of any project and that includes shitcoins as well.

[FP91G]

The difficulty bomb should be pushed back by 3 months today. Statistics has not been updated yet, this service is working with a delay.
https://etherscan.io/chart/blocktime
What else can prevent the end of ethereum mining?

[bitquad]

I mentioned this before, with Bitcoin POW a small percentage of Bitcoin holders are securing the network. Most people have Bitcoin in a wallet and that's it. They are not participating in the network. So your example of 10-12% of ETH securing the network is no different that the current situation with POW Bitcoin or POW Ethereum. There are over 300,000 validators.

But who is securing the price?
What if If 88% of the coin holders sell Ethereum 2.0 and buy Ethereum POW.

What if 88% sell Bitcoin or Cardano? You're just grabbing at hypotheticals, and have a clear anti-Ethereum agenda. Keep things positive and try to avoid negative talk. Remember people are invested in this. You enjoy seeing people get hurt financially?!

[philipma1957]

I mentioned this before, with Bitcoin POW a small percentage of Bitcoin holders are securing the network. Most people have Bitcoin in a wallet and that's it. They are not participating in the network. So your example of 10-12% of ETH securing the network is no different that the current situation with POW Bitcoin or POW Ethereum. There are over 300,000 validators.

But who is securing the price?
What if If 88% of the coin holders sell Ethereum 2.0 and buy Ethereum POW.

What if 88% sell Bitcoin or Cardano? You're just grabbing at hypotheticals, and have a clear anti-Ethereum agenda. Keep things positive and try to avoid negative talk. Remember people are invested in this. You enjoy seeing people get hurt financially?!

He is anti pos
you are not anti pos

everyone should be anti pos in the case of eth


pos is the same as a bond issued

or as a stock with dividends. with a single exception it is not subject to regular like companies that issue bonds or dividend paying stocks.

Fact 12% of eth is staked
fact ⅓ of that is by a single company
fact mr v himself said he does not like that.

⅓ of the staked coins is about 4% of 121million coins.

that is 4.8 say 5 million coins at 1100 or 5.5 billion in one group's hands.

what was the pre-mine of eth was it 5 million coins? no it was about 72 million coins (google it) see below

"When Ethereum launched, 12 million ETH were created for the developers, and 60 million ETH were premined for ICO participants to buy. Consider there are 102 million ETH in circulation today, that means 71% of the existing supply was premined during Ethereum’s launch."

So if the info above is true a lot of premised coins are not staked. maybe 60-72 million are not staked hell only 15 million of the 121 million made are staked. So someone has a lot of hand here over the small staked amount.

POS is not a good thing for eth if my numbers are correct far too many hands are holding eth outside of the staking group.

So where are all those premised coins. POS of 15 mill could be crushed   with ease if 30 million premiere coins that exist attack it.

ie no security for pos

mining can not be attacked that easliy .

 For all we know someone holds 50 million eth in multiple wallets and will strike at the smaller pos stake as soon as eth goes pos.

[bitquad]

I mentioned this before, with Bitcoin POW a small percentage of Bitcoin holders are securing the network. Most people have Bitcoin in a wallet and that's it. They are not participating in the network. So your example of 10-12% of ETH securing the network is no different that the current situation with POW Bitcoin or POW Ethereum. There are over 300,000 validators.

But who is securing the price?
What if If 88% of the coin holders sell Ethereum 2.0 and buy Ethereum POW.

What if 88% sell Bitcoin or Cardano? You're just grabbing at hypotheticals, and have a clear anti-Ethereum agenda. Keep things positive and try to avoid negative talk. Remember people are invested in this. You enjoy seeing people get hurt financially?!

He is anti pos
you are not anti pos

everyone should be anti pos in the case of eth


pos is the same as a bond issued

or as a stock with dividends. with a single exception it is not subject to regular like companies that issue bonds or dividend paying stocks.

Fact 12% of eth is staked
fact ⅓ of that is by a single company
fact mr v himself said he does not like that.

⅓ of the staked coins is about 4% of 121million coins.

that is 4.8 say 5 million coins at 1100 or 5.5 billion in one group's hands.

what was the pre-mine of eth was it 5 million coins? no it was about 72 million coins (google it) see below

"When Ethereum launched, 12 million ETH were created for the developers, and 60 million ETH were premined for ICO participants to buy. Consider there are 102 million ETH in circulation today, that means 71% of the existing supply was premined during Ethereum’s launch."

So if the info above is true a lot of premised coins are not staked. maybe 60-72 million are not staked hell only 15 million of the 121 million made are staked. So someone has a lot of hand here over the small staked amount.

POS is not a good thing for eth if my numbers are correct far too many hands are holding eth outside of the staking group.

So where are all those premised coins. POS of 15 mill could be crushed   with ease if 30 million premiere coins that exist attack it.

ie no security for pos

mining can not be attacked that easliy .

 For all we know someone holds 50 million eth in multiple wallets and will strike at the smaller pos stake as soon as eth goes pos.

What happens to Bitcoin once all BTC has been mined? Who will secure the network? Miners will have no incentive and no reason to "mine" because they won't have any BTC to mine. The mine will be empty. Will they be paid a fee to offset a huge electrical bill to process transactions for BTC. Who's going to pay the fees?

How will BTC security be post mining? These are all questions about the future of Bitcoin. Let's face it the long term outlook for Bitcoin has not been figured out. I don't see right now a game plan for Bitcoin post mining.

Regarding ETH staking, so what if 1/3 of ETH is staked by the ETH foundation? Why would they un-stake the majority of that ETH and crash and burn the project? That's like Elon Musk or Jeff Bezos selling all their shares, crashing the stock price and screwing their own companies.

There's a lot of people who are not miners that feel much more positive about the merge and Ethereum switching to POS. You guys are in the minority as miners. I am myself a miner but not so shortsighted and negative about POS.

Proof of Stake brings a much smaller carbon footprint which is positive politically and for institutions, especially with energy scarcity already starting whether it is manufactured or not.
POS will make Ethereum potentially deflationary.
POS will allow the addition of sharding to improve performance, transaction speed and scaling.

You can't attack 15 million coins of staked ETH with even 90 million un-staked ETH. You first have to stake the 90 million ETH. That's how the validators work. I am not sure you understand how it works. And if you attack the network you lose your ETH. Who's going to do that? George Soros?! lol!