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Author Topic: Eth 2.0 can be delayed to 2024...  (Read 2549 times)
U.Meimei
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July 04, 2022, 05:30:50 AM
 #81

There are already better non-collateralized mining projects than ETH2.0 mining.
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Coinfarm ventures
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July 05, 2022, 02:48:27 AM
Last edit: July 05, 2022, 03:23:02 AM by Coinfarm ventures
 #82

Good luck convincing the woke governments of the west that all the energy is wasted anyway. They will ignore whatever you say.
Look at the Iron Law of Energy Consumption. Government or not, they will end up burning more and more energy and the climate skeptics will win in the end because India+China will emit 80% of the carbon in a few years so the West can hardly make a dent anyway. Therefore I don't view PoW's energy use as a weakness. As long as Bitcoin is the majority of the market cap, PoW will dominate in the long run while the PoS coins will have boom-bust cycles forever.
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July 05, 2022, 02:54:30 AM
 #83

Good luck convincing the woke governments of the west that all the energy is wasted anyway. They will ignore whatever you say.
Look at the Iron Law of Energy Consumption. Government or not, they will end up burning more and more energy and the climate skeptics will win in the end because India+China will emit 80% of the carbon in a few years. Therefore I don't view PoW's energy use as a weakness. The question is what country will control most of the hashrate, which will become as important as what country has the most nuclear warheads.

Energy is liberating, if you have a lot of energy it becomes cheap.

cheap enough energy will make the people lives better, because everything you do, electricity leverages your work exponentially.

just look at us miners if you have a lot of cheap energy then you are happy guy hehe
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July 05, 2022, 03:26:03 AM
Last edit: July 05, 2022, 04:17:39 AM by Coinfarm ventures
 #84

Energy is liberating, if you have a lot of energy it becomes cheap.

cheap enough energy will make the people lives better, because everything you do, electricity leverages your work exponentially.

just look at us miners if you have a lot of cheap energy then you are happy guy hehe
I agree, I'm currently a really happy guy because I figured out how to get power for 5.3¢ RESIDENTIAL instead of 10 cents ehhehe. Most of it is zero-carbon nuclear energy so I can claim I'm saving the planet hehehe! I can have my cake and eat it too
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July 05, 2022, 07:47:52 PM
 #85

Cardano is a valid competitor of ethereum and perhaps will manage to take it second place on coinmarketcap, the announcements and proclamations of the imminent release of eth 2.0 and pos may have been obviously premature given the various tests of doubtful success so the delay until 2024 is plausible, possible to the delight of all miners

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Salamande
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July 05, 2022, 10:03:20 PM
 #86

Cardano is a valid competitor of ethereum and perhaps will manage to take it second place on coinmarketcap, the announcements and proclamations of the imminent release of eth 2.0 and pos may have been obviously premature given the various tests of doubtful success so the delay until 2024 is plausible, possible to the delight of all miners

Premature? They have been announcing POS since 2017  Cheesy
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July 05, 2022, 11:10:36 PM
 #87

Cardano is a valid competitor of ethereum and perhaps will manage to take it second place on coinmarketcap, the announcements and proclamations of the imminent release of eth 2.0 and pos may have been obviously premature given the various tests of doubtful success so the delay until 2024 is plausible, possible to the delight of all miners
If i recall well, Ripple was at one point number two in coinmarketcap surpassing Ethereum. Did that mean Ripple was better than Ethereum?
Where is Ripple right now?

I still think Ethereum is a very big player in the crypto space, whether we want it or not. Cardano can only try to rival Ethereum as much as it can, but won't succeed.

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sp_ (OP)
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July 06, 2022, 03:59:28 AM
Last edit: July 07, 2022, 02:46:37 PM by sp_
 #88

If i recall well, Ripple was at one point number two in coinmarketcap surpassing Ethereum. Did that mean Ripple was better than Ethereum?
Where is Ripple right now?

You cannot judge a project based on the marketcap alone. In ripple 90% of the supply is owned by the creators. You could easily create a minable coin with 99.999% of the supply pre mined and owned by the devteam. 0.001% minable pow. No exchange would list this coin, but perhaps if you create your own exchange.. 1000 times inflated marketcap..

A million dollar coin will look like a billion dollar coin.


Team Black Miner (Ethereum POW ETC Vertcoin Ravencoin Zilliqa + dual mining
https://github.com/sp-hash/TeamBlackMiner
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July 06, 2022, 10:49:02 AM
 #89

unrelated question: can someone explain the huge drop in ETH difficulty at the start of july? I know that profits are dwindling, but why such a sudden drop when it has been stable through may and june?
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July 06, 2022, 01:47:17 PM
 #90

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"
Will you change the size of the DAG file so that mining is available for video cards with 3 GB of memory ?
Then more miners will join you, or will you not make changes to the size of the dag file?
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July 06, 2022, 03:05:20 PM
 #91

unrelated question: can someone explain the huge drop in ETH difficulty at the start of july? I know that profits are dwindling, but why such a sudden drop when it has been stable through may and june?

Gray glacier hard fork
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July 06, 2022, 03:34:15 PM
 #92

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"
Will you change the size of the DAG file so that mining is available for video cards with 3 GB of memory ?
Then more miners will join you, or will you not make changes to the size of the dag file?
Maybe then it’s better to change the algorithm a little so that powerful ASICs can’t mine a new coin?
https://bitcointalk.org/index.php?topic=5405339.0
It is not yet known how many ASICs mine Ethereum, but at low prices per coin, GPU miners will not be able to compete with ASICs.

.BEST..CHANGE.███████████████
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ccplz
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July 07, 2022, 12:01:04 AM
 #93

unrelated question: can someone explain the huge drop in ETH difficulty at the start of july? I know that profits are dwindling, but why such a sudden drop when it has been stable through may and june?

Gray glacier hard fork
how does that affect difficulty? from what I read it just postponed the difficulty bomb
Coinfarm ventures
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July 07, 2022, 03:56:10 AM
Last edit: July 07, 2022, 04:16:25 AM by Coinfarm ventures
Merited by ccplz (1)
 #94

how does that affect difficulty? from what I read it just postponed the difficulty bomb
The difficulty bomb already started exploding, so defusing it made the difficulty plummet to what it should have been if there were no bomb
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July 07, 2022, 02:37:25 PM
Last edit: July 31, 2022, 06:43:07 PM by sp_
Merited by a1 Hashrate LLC2022 (1)
 #95

.

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July 07, 2022, 02:58:37 PM
 #96

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"
Will you change the size of the DAG file so that mining is available for video cards with 3 GB of memory ?
Then more miners will join you, or will you not make changes to the size of the dag file?

First version will have no change, but randomx variant for the gpu is been worked on. ETHASH+randomx(gpu). The coin is ready for launch, some hashpower has already been moved to the testnet. Premining... The shadow fork is done to protect the network from lame killn attacks.

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

So keep joining the 2.0 staking pool guys... More for us (The miners). An Ethereum without mr V, his supporters and other POS lovers.

Same same but different
Do you need a rig pointed to you for test mining.

I can do that if you want.

please note this is my alt account of philipma1957.

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July 07, 2022, 03:00:19 PM
 #97

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"
Will you change the size of the DAG file so that mining is available for video cards with 3 GB of memory ?
Then more miners will join you, or will you not make changes to the size of the dag file?

First version will have no change, but randomx variant for the gpu is been worked on. ETHASH+randomx(gpu). The coin is ready for launch, some hashpower has already been moved to the testnet. Premining... The shadow fork is done to protect the network from lame killn attacks.

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

So keep joining the 2.0 staking pool guys... More for us (The miners). An Ethereum without mr V, his supporters and other POS lovers.

Same same but different
Do you need a rig pointed to you for test mining.

I can do that if you want.

please note this is my alt account of philipma1957.



this is true.

a1 hashrate llc  was formed by me and buysolar this year.

We have about 10gh in eth hash I can point various rigs from multiple ip's to you if you need it.

I use windows and smos

3) Never invest more than you can afford to lose
2)Not your keys not your coins.
1) be like JJG just DCA
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July 07, 2022, 05:58:55 PM
Last edit: July 08, 2022, 03:50:19 PM by sp_
 #98

In the meltdown fork (rebel fork) we want to premine the same amount as the staked ether in the POS fork. We are ready to release,but waiting for the V team to fork... Mining support is not needed, the genesis block has already been mined and the difficulty is low.  The final net will probably have a different structure, but if the V team decide to fork early, we are ready...  The devteam will be supported by the 15 million locked staked POS coins that will be converted to premined coins that can be sold to support the development of the new network. This amount was acceptable by the exchanges we have talked to in order to get it listed...
 -----

our motivation:

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.

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!

Yes you can, In a Prof Of Wealth attack.

When 12% support POS and  88% support POW. You only need to hardfork, and replace the devs, the management and their supporters by freezing their assets...

This  is how democracy works. (Boris Johnson)
----

All ethereum holders that haven't locked their funds will receive the same amount ethereum in the rebel fork. 1:1. The Implementation is done by a team of old Bitcoin devs.

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July 08, 2022, 08:28:07 AM
 #99

I been mining ETH for some time and even back in the early days people said it didn't pay to invest in new GPUs to mine ETH as it will be moving to POS within the next 6 months.

Well let me say it has been *the next 6 months* for quite a number of years now. I don't doubt it will eventually switch over, but it doesn't pay to get too worked up about it until it actually happens.

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July 08, 2022, 02:28:11 PM
 #100

I been mining ETH for some time and even back in the early days people said it didn't pay to invest in new GPUs to mine ETH as it will be moving to POS within the next 6 months.

Well let me say it has been *the next 6 months* for quite a number of years now. I don't doubt it will eventually switch over, but it doesn't pay to get too worked up about it until it actually happens.

basically pos = piece of shit.


it should never switch over.

but maybe the op and this idea crushes the eth morons in charge at the moment.

and we have a new boss that is not the same as the old boss.

go sp_
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