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Author Topic: Pardon is this sounds stupid  (Read 317 times)
Widdop37 (OP)
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August 21, 2022, 09:08:41 AM
 #1

Will the DAG file on those new ETH forks be reset? Sorry if this sound like a stupid question but I want to if 4GB cards will be able to work on the new ETHW and the other, please enlighten me if I'm wrong.

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August 21, 2022, 01:07:16 PM
 #2

It's not a stupid question
I tried to find some info, but nothing is 100% on ETHW

The new fork, in theory will keep exactly the same things from ETH right now, equals in the past but at the moment of the fork, chains will be different.
Devs have the power to reduce DAG size, like ETC did in the past to avoid 51% attacks.

If you want my opinion, they will not reduce DAG, if they reduce, we can see a huge number of old hardware mining again, and this is not the situation right now, with the end of ETH there's already tons of GPUs seeking for a new coin to mine.

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August 21, 2022, 01:30:36 PM
 #3

Will the DAG file on those new ETH forks be reset? Sorry if this sound like a stupid question but I want to if 4GB cards will be able to work on the new ETHW and the other, please enlighten me if I'm wrong.
The size of the DAG file will depend on the decision of the developers and the vote of the community, as it happens with the Conflux coin
https://bitcointalk.org/index.php?topic=5410204.0
It will probably be beneficial for the developer to have more video cards able to mine their forks, but it’s better to ask about it in the community of new coins.
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August 21, 2022, 06:07:27 PM
 #4

Nothing will be reset, this is not a brand new coin so do not expect anything of such, the journey will begin where Ethereum left off, the problem is how this project will survive, if all what ETHW have to offer is just the PoW algo its going to die.

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August 21, 2022, 07:10:13 PM
 #5

Nothing will be reset, this is not a brand new coin so do not expect anything of such, the journey will begin where Ethereum left off, the problem is how this project will survive, if all what ETHW have to offer is just the PoW algo its going to die.

I think that PoW is enough boost for the ETHW coin for developers to start building their apps like they did in Ethereum and this will keep ETHW in track to become why not the new coin which differently from ETH may be supported by the miners and apps thus making it the new number one coin to be mined,of course this is the most optimistic scenario of all,if they did reset the Dag file which I find it highly unlikely,a lot of this coin can be mined in the beginning and this would also be beneficial to many miners,again this is another optimistic scenario.

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August 22, 2022, 03:54:45 AM
 #6

The POW Ethereum that we mine today will stay with the current DAG. However if you want you can mine ETC right now which will work with your 4GB GPU. Unfortunately 3GB don’t work anymore on ETC since dag is exactly 3GB right now.

Nothing resets, it just like a fork in the road. On the left you get POS and no miners and on the right you continue the old chain like nothing happened.
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August 22, 2022, 06:22:52 AM
 #7

The POW Ethereum that we mine today will stay with the current DAG. However if you want you can mine ETC right now which will work with your 4GB GPU. Unfortunately 3GB don’t work anymore on ETC since dag is exactly 3GB right now.

Nothing resets, it just like a fork in the road. On the left you get POS and no miners and on the right you continue the old chain like nothing happened.
What about the value? I bet it won't be the same, I remember what happened to BTC and Bitcoin Cash.
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August 22, 2022, 12:24:36 PM
 #8

Nothing will be reset, this is not a brand new coin so do not expect anything of such, the journey will begin where Ethereum left off, the problem is how this project will survive, if all what ETHW have to offer is just the PoW algo its going

I think that PoW is enough boost for the ETHW coin for developers to start building their apps like they did in Ethereum and this will keep ETHW in track to become why not the new coin which differently from ETH may be supported by the miners and apps thus making it the new number one coin to be mined,of course this is the most optimistic scenario of all,if they did reset the Dag file which I find it highly unlikely,a lot of this coin can be mined in the beginning and this would also be beneficial to many miners,again this is another optimistic scenario.

Let's see
As a miner I always wish for POW coins to mine, but in the case of ETH, it's very dependant of Vitalik.
Most holders and community are happy with new POS and the future of ETH.

ETHW can flourish only if some good devs supports, and the strong  enemy here will be ETC and not ETH itself
Lot of miners are changing to ETC

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August 22, 2022, 02:34:36 PM
 #9

Nothing will be reset, this is not a brand new coin so do not expect anything of such, the journey will begin where Ethereum left off, the problem is how this project will survive, if all what ETHW have to offer is just the PoW algo its going

I think that PoW is enough boost for the ETHW coin for developers to start building their apps like they did in Ethereum and this will keep ETHW in track to become why not the new coin which differently from ETH may be supported by the miners and apps thus making it the new number one coin to be mined,of course this is the most optimistic scenario of all,if they did reset the Dag file which I find it highly unlikely,a lot of this coin can be mined in the beginning and this would also be beneficial to many miners,again this is another optimistic scenario.

Let's see
As a miner I always wish for POW coins to mine, but in the case of ETH, it's very dependant of Vitalik.
Most holders and community are happy with new POS and the future of ETH.

ETHW can flourish only if some good devs supports, and the strong  enemy here will be ETC and not ETH itself
Lot of miners are changing to ETC
Same thing I'm worried about, its good news that we miners will have our own ETH in PoW version but it won't get all the goodies that Ethereum will get since vitalik won't be in charge anymore, its why I keep smelling doomsday with this ETHW.

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August 22, 2022, 08:20:31 PM
 #10

Nothing will be reset, this is not a brand new coin so do not expect anything of such, the journey will begin where Ethereum left off, the problem is how this project will survive, if all what ETHW have to offer is just the PoW algo its going

I think that PoW is enough boost for the ETHW coin for developers to start building their apps like they did in Ethereum and this will keep ETHW in track to become why not the new coin which differently from ETH may be supported by the miners and apps thus making it the new number one coin to be mined,of course this is the most optimistic scenario of all,if they did reset the Dag file which I find it highly unlikely,a lot of this coin can be mined in the beginning and this would also be beneficial to many miners,again this is another optimistic scenario.

Let's see
As a miner I always wish for POW coins to mine, but in the case of ETH, it's very dependant of Vitalik.
Most holders and community are happy with new POS and the future of ETH.

ETHW can flourish only if some good devs supports, and the strong  enemy here will be ETC and not ETH itself
Lot of miners are changing to ETC
Same thing I'm worried about, its good news that we miners will have our own ETH in PoW version but it won't get all the goodies that Ethereum will get since vitalik won't be in charge anymore, its why I keep smelling doomsday with this ETHW.

That depends,if true great developers who are extremely passionate in the project they will take over and work on most probably we can see good days with ETHW although in the beginning only the miners with cards with more than 4 GB memory will be able to mine it,thus still leaving the 4 GB guys to mine ETC or other coins.In the end it all depends on who the developers of the new coin ETHW will be,it is all on them,the either make it the next best thing to mine or make it a failure since the beginning,for this we have to wait and see.

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August 22, 2022, 08:39:26 PM
 #11

Is this an indication that people would mine a forked ETH instead of choosing a different coin to mine?  That makes me wonder who is going to support this forked ETHpow coin?  Have any exchanges said they would be supporting it?  Will nicehash still be mining it?  I'm sure nicehash controls a large part of the GPU mining infrastructure, so their support could play a large role in what the next big GPU coin will be.

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August 22, 2022, 11:35:29 PM
 #12

I am thinking many will switch to ETC.

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August 23, 2022, 03:31:59 AM
Merited by FP91G (1)
 #13

Nobody knows what the value of ETH POW will be. Currently on the futures it’s predicted to have a value of $40 per coin. Most likely ETH value won’t change by much. Unless there is some huge bug.

The value of BTC didn’t change at first when it split to BCH but it did a few months after. Then BCH shortly hit a value of 0.10 BCHBTC so it was fairly valueable at one point. No idea what will happen to ETH POW because there I already ETC out there.
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August 24, 2022, 10:32:22 AM
 #14

Nothing will be reset, this is not a brand new coin so do not expect anything of such, the journey will begin where Ethereum left off, the problem is how this project will survive, if all what ETHW have to offer is just the PoW algo its going

I think that PoW is enough boost for the ETHW coin for developers to start building their apps like they did in Ethereum and this will keep ETHW in track to become why not the new coin which differently from ETH may be supported by the miners and apps thus making it the new number one coin to be mined,of course this is the most optimistic scenario of all,if they did reset the Dag file which I find it highly unlikely,a lot of this coin can be mined in the beginning and this would also be beneficial to many miners,again this is another optimistic scenario.

Let's see
As a miner I always wish for POW coins to mine, but in the case of ETH, it's very dependant of Vitalik.
Most holders and community are happy with new POS and the future of ETH.

ETHW can flourish only if some good devs supports, and the strong  enemy here will be ETC and not ETH itself
Lot of miners are changing to ETC
Ethereum classic hashrate is already full of asics with less than 5 gigabytes of memory. When other ASICs with more memory come here after the end of Ethereum mining, there will be no profit for video cards. The price of ETHW futures has already fallen over 50%, and when the exchanges open coin transfers, everything will end up with a big drop.
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August 24, 2022, 01:51:25 PM
 #15

Ethereum classic hashrate is already full of asics with less than 5 gigabytes of memory. When other ASICs with more memory come here after the end of Ethereum mining, there will be no profit for video cards. The price of ETHW futures has already fallen over 50%, and when the exchanges open coin transfers, everything will end up with a big drop.

I'm following the hashrate of both coins and it's clear about the 5gb Asics changing to ETC, and there are another miners changing to ETC to delay the bomb in ETH (I don't know how many)
About ETHW we can't say anything yet because it's only futures right now, once the fork happens, people will probably dump a lot, it will be free money for some, but in the long run, maybe will hold some value.

I'm anxious to have these answers about the future of mining, somehow I think we'll have a balance
People are not considering a strong POW coin arising, and the next bull run can bring again good profits for us home/small miners

Another thing I wish (just wish ok) ETC changes dag size to 5gb to kick out Asics  Cheesy



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FP91G
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August 25, 2022, 11:15:01 AM
 #16

Ethereum classic hashrate is already full of asics with less than 5 gigabytes of memory. When other ASICs with more memory come here after the end of Ethereum mining, there will be no profit for video cards. The price of ETHW futures has already fallen over 50%, and when the exchanges open coin transfers, everything will end up with a big drop.

I'm following the hashrate of both coins and it's clear about the 5gb Asics changing to ETC, and there are another miners changing to ETC to delay the bomb in ETH (I don't know how many)
About ETHW we can't say anything yet because it's only futures right now, once the fork happens, people will probably dump a lot, it will be free money for some, but in the long run, maybe will hold some value.

I'm anxious to have these answers about the future of mining, somehow I think we'll have a balance
People are not considering a strong POW coin arising, and the next bull run can bring again good profits for us home/small miners

Another thing I wish (just wish ok) ETC changes dag size to 5gb to kick out Asics  Cheesy

I don't see a big drop in hash rate since the beginning of July. And these small changes will not push the end date of mining much.
https://etherscan.io/chart/hashrate
And Ethereum Classic does not plan to change the size of the dag file so that this coin can be mined by more miners.
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August 25, 2022, 06:44:15 PM
 #17

Even 6gb vram won't be enough very soon, ETHpow will start where ETH left off so don't expect any lower DAG size, if you want to invest in any graphic cards its better to buy those with 8GB vram memory.
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August 25, 2022, 11:20:43 PM
 #18

And Ethereum Classic does not plan to change the size of the dag file so that this coin can be mined by more miners.

The contrary will happen though because this network will be overrun by the current ETH ASICs.
Since asic distribution is very centralized so will be the mining of ETC. So it will be mined by less miners.

For GPUs (better decentralization) you can hope for progpow algorithms.
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August 26, 2022, 03:19:20 AM
Merited by philipma1957 (1)
 #19

Even 6gb vram won't be enough very soon, ETHpow will start where ETH left off so don't expect any lower DAG size, if you want to invest in any graphic cards its better to buy those with 8GB vram memory.

Before you invest in any 8gb cards you should at least see what happens with ETHPOW. It could be a big flop and could be completely dead in 3 months. Even if it’s not dead then the profits will be horrible because at current valuations of $40 a coin. It will have a very small miner reward.

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August 26, 2022, 01:08:26 PM
 #20

Even 6gb vram won't be enough very soon, ETHpow will start where ETH left off so don't expect any lower DAG size, if you want to invest in any graphic cards its better to buy those with 8GB vram memory.

Before you invest in any 8gb cards you should at least see what happens with ETHPOW. It could be a big flop and could be completely dead in 3 months. Even if it’s not dead then the profits will be horrible because at current valuations of $40 a coin. It will have a very small miner reward.


I'll write some figures for reflection
Now Ethereum gives more than $10,000,000, Ethereum Classic about $600,000 in income for miners.
After the end of ethereum mining
ethereum classic will give $600,000 and new ETHPOW will give miners the same if prices don't fall. Profit falls very much, and this is a problem.
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