NEW EthereumPoW

[WARMANGALAXY]

People want to make money, there is nothing wrong with that, but that's all.
The maximum that awaits him is the repetition of the fate of BTG, ZCL, XMC ...

I think that is what he is failing to realize or he thinks that just because Ethereum was better than these coins during the PoW time,the same will happen and continue to be even in the PoS era.I don't know why he,Butekin is doing what he is doing when we know that the road will only go south for him and Ethereum will be soon after the merge a much forgotten coin that no one will care about,even those who have staked it will soon realize their error and get out by selling it.

I wonder why the Ethereum developers fail to see this.

The ETN community doesn't see further advancement in the POW network...they believe that POS will improve and speed up the network many times over

[Drawesome]

There's only room for one PoW chain, BTC. PoS is safe enough for experiments as long as we have a really secured PoW net.

[Outhue]

Welcome to EthereumPoW
The original Proof of Work Ethereum initiated in July 2022, developed and run by community, the technology that powers the cryptocurrency ETHW and thousands of decentralized applications.
https://ethereumpow.org/

Chandler Guo
https://twitter.com/ChandlerGuo/status/1552382597086470146?

So its real? I just made a topic on this because its in IOU not the real thing, how come a fork existed before the merge actually happens or there is going to be a swap of this IOU for the real coins? Sigh, crypto space with too much drama.

[FP91G]

Welcome to EthereumPoW
The original Proof of Work Ethereum initiated in July 2022, developed and run by community, the technology that powers the cryptocurrency ETHW and thousands of decentralized applications.
https://ethereumpow.org/

Chandler Guo
https://twitter.com/ChandlerGuo/status/1552382597086470146?

So its real? I just made a topic on this because its in IOU not the real thing, how come a fork existed before the merge actually happens or there is going to be a swap of this IOU for the real coins? Sigh, crypto space with too much drama.

These futures are already traded on some exchanges. News about this coin is getting popular.
https://coinmarketcap.com/currencies/ethereum-pow/
I plan to only mine this coin and immediately sell if it is profitable. I am not involved in trading.

[adaseb]

Yes it seems that the large derivative exchange Bitmex has already launched ETHPOW futures and they are currently trading at $70. The spread between the Sept futures and spot price is around $40-50 currently so you have a general idea of how much it will be worth.

I think there will be a big dump at first, trade sideways, then maybe go lower , make people think it’s a dead project and then boom. This is exactly how the Bitcoin cash fork went. Went to like $200-300 and traded downward because people assumed it was dead and then a month later it exploded higher.

[VRExpress]

Hmm looks like a good investment than mining if there will be panic sell like that of Bitcoin Cash back I'm those days, I will rather buy then than mine right now, I will keep mining Ethereum for now.

[FP91G]

1/x [ a long long thread ]
The Manifesto of Proof-of-Work: An Open Letter to the Ethereum Community
https://twitter.com/EthereumPoW/status/1557273067725787137?

cancellation of EIP-1559

EIP-1559 was an attempt to create a bullish narrative at the expense of the miners. As one of the most important pillars of any Proof-of-Work (PoW) network, miners naturally are a political force and should wield some political power and influence,
https://twitter.com/EthereumPoW/status/1557273579850326016

[adaseb]

Finally we got a confirmed block number for the merge (can’t remember what it is) but it’s going to be on sept 15-16 most likely. So after being launched in 2015 and had a predicted POS of Sumner 2016, it is finally here only 6 years too late. Talk about not meeting deadlines.

Wonder how many people are going to try and offload their GPUs prior to that date. With a little over a month of mining left miners need to decide whether to sell at a decent price now or see how much profits they get on ETC and then decide whether to sell or not.

[FP91G]

Finally we got a confirmed block number for the merge (can’t remember what it is) but it’s going to be on sept 15-16 most likely. So after being launched in 2015 and had a predicted POS of Sumner 2016, it is finally here only 6 years too late. Talk about not meeting deadlines.

Wonder how many people are going to try and offload their GPUs prior to that date. With a little over a month of mining left miners need to decide whether to sell at a decent price now or see how much profits they get on ETC and then decide whether to sell or not.

Now it's too late to sell video cards. There is no demand and prices are minimal. When the miner paid off his video cards, then he is not so worried about it. I want to buy 5600 xt for $300, but so far the miners are offering me more. I like the consumption of this video card.

[adaseb]

I have a feeling that many miners are waiting and seeing how the profits are when merge happens. Many people probably have no idea what the merge is and others go on a profit calculator site and see that ETC currently makes almost as much as ETH and they think it will be the same after the merge.

Similar to what happened with people with Bitcoin ASICs when the halving happened. Most had no idea why their profits were cut in half.

[BitKongy]

I have a feeling that many miners are waiting and seeing how the profits are when merge happens. Many people probably have no idea what the merge is and others go on a profit calculator site and see that ETC currently makes almost as much as ETH and they think it will be the same after the merge.

Similar to what happened with people with Bitcoin ASICs when the halving happened. Most had no idea why their profits were cut in half.

At this point I will have to start mining Ravencoin even if it's not profitable, I've made over 60% of my rigs so I don't mind making back the rest on a long journey into the next bull run.

[adaseb]

Yes you will start mining Ravencoin and so will hundreds of thousands of other people. The daily miner reward will still be the same but 10x more hashrate, so in the end you get 10% of your previous profits.

Nobody seems to understand this. Everybody is saying “it’s ok if ETH goes POS there are so many other coins out there”. They don’t realize most aren’t mineable and those that are the profits are very little.

[sp_]

The daily miner reward will still be the same but 10x more hashrate, so in the end you get 10% of your previous profits.

But the price of the other alts can go 10x.. etc has already doubled.

[FP91G]

The daily miner reward will still be the same but 10x more hashrate, so in the end you get 10% of your previous profits.

But the price of the other alts can go 10x.. etc has already doubled.

I don't think you're considering proportions.
If the price of Ethereum Classic, Ergo and Raven Coin grows 10 times, then at least half of the miners will have to stop mining, because it will be unprofitable. But who will buy these coins?
https://bitproit.com/gpu-mining-profitability-after-ethereum-merge/

[FP91G]

Bitfinex Adds ETH Hard Fork - EthereumPOW ETHW: https://trading.bitfinex.com/t/ETHW:USD

Other exchanges "that already trade ETHW":
Poloniex: https://poloniex.com/spot/ETHW_USDT
Gate: https://www.gate.io/ru/trade/ethw_usdt
Mexc: https://www.mexc.com/exchange/ETHW_USDT
Phemex: https://phemex.com/spot/trade/ETHWUSDT
Bitrue: https://www.bitrue.com/trade/ethw_usdt
Digifinex: https://www.digifinex.com/en-ww/trade/USDT/ETHW
CoinW: https://www.coinw.com/front/fastTrading?symbol=1027

https://t.me/koliamainer/7735

[sp_]

If the price holds, ETHW looks to be the largest gpu minable coin in the world after the fork.

ETC  $36.82 ( 43.94 TH/s)
ETHW $50  ( 52.44 TH/s estimate)

If you sell 1 Ethereum POS you can buy 34 Ethereum.

[ANSEL_2.0]

If the price holds, ETHW looks to be the largest gpu minable coin in the world after the fork.

ETC  $36.82 ( 43.94 TH/s)
ETHW $50  ( 52.44 TH/s estimate)

If you sell 1 Ethereum POS you can buy 34 Ethereum.

Ethereum POS? Is that the new name? Or the ETH Pow will be called Ethereum? You are confusing me brother, if you sell one Ethereum you will be able to buy 34 ETH Pow, I believe that's what you meant to post? Correct me if I am wrong.

[sp_]

Ethereum POS? Is that the new name? Or the ETH Pow will be called Ethereum? You are confusing me brother, if you sell one Ethereum you will be able to buy 34 ETH Pow, I believe that's what you meant to post? Correct me if I am wrong.

Yes.

After the Merge the blockchain will split in two giving you bonus coins (Ethereum POW).

You will only receive bonus coins if you own Ethereum at the point of the merge. (15% of the supply is locked in the staking pool and will be deleted in the new POW fork). Make sure that your wallet support ETH POW or move your coins to a wallet where you have access to the private keys.

After 15 september:
POS (ethereum coin) ($1700 a coin) (Will be supported by those who believe in POS)
POW (ethereum coin) ($50 a coin)  (Will be supported by those who believe in POW)

Ethereum POW Coins can already be traded on 9 exchanges with a 1:34 difference in the price at 1 MUSD volume per day. (Futures)

[sp_]

Binance announced today that they will add support for Ethereum Pow. (Largest exchange in the world)

Binance announced today that they will support the ETH POW fork.

With the current price of $50 for the futures, we can expect the network to start at more than 50THASH of Ethash and become the largest gpu minable coin in the world. The price is volatile and is trading at $50-200. (50-200THASH estimated network hashrate).

An estimated 2.5%-10% of the total ethereum hashrate will move to Ethereum POW after ETH goes POS.  At 150-200THASH the Etherum POW hashrate will be the same as Ethereum had in in the summer of 2020. This hashrate is expected to increase as more investors, developers, traders and miners move away from the declining POS chain.
...

[devil2man]

I'm sorry but i don't understand is a fork of eth? Or a whole new altcoin? What exchange is it on anyway? Is it easier to mine than eth?