Ethereum POW - ETHW

[Baofeng]

I am aware even before the Merge that there will probably be an Ethereum hard fork that would continue with its Proof of Work system. But what I'm more interested about is whether this ETHW will grow big in the future or not. I am also aware that there are those who are saying that ETHW is unnecessary and redundant because Ethereum Classic (ETC) is already the PoW version of Ethereum. So why should there be another PoW Ethereum?

Well I guess there is also politics inside Ethereum, just like when Bitcoin has this kind of fork way back in 2017 and then we have a lot of forks that come after that. Nevertheless it's obvious that we don't need another one just like in Ethereum. But there could be some entity that are going to push with this ETHW for as long as they can. They are the minority so who knows how long they are going to survived and fight it out with ETC and ETH itself.

So will this ETHW that is currently valued at $6 grow big in the future?

It went as high as 140$, so there is a huge 90%++ decline already. Again, it's just a matter of time if the project will survived this bear market. If it did then maybe it will be hard pump again in the future and in the bull run. But for us, it's too risky, we've rather invest on ETH or any other solid coins for that matter.

[Blawpaw]

If BTC dumps more in this month I am positive that ETHW will cost 2$ per coin, what pissed me off about this coin is the lack of utility, vitalik walk away with everything, smart contracting and leave only PoW behind, who is going to build on ETHW? Lol this is going to end up a shit coin.

This may be probably true. Either way, the real Ethereum is the Ethereum classic. It is the real network that was never forked and kept all the real records, including the DAO event. Its POW as well and the community behind has no intentions of changing to POS. It also has a lot of projets growing on its ecosystem, so ETC may be the best option to counter ETh

[Abiky]

This may be probably true. Either way, the real Ethereum is the Ethereum classic. It is the real network that was never forked and kept all the real records, including the DAO event. Its POW as well and the community behind has no intentions of changing to POS. It also has a lot of projets growing on its ecosystem, so ETC may be the best option to counter ETh

You're right about that. But people don't care which is the real Ethereum or which one is the "copycat". What they care about is which chain has the most dApps, tokens, and services behind it for a great user experience. Despite ETC being 6 years old, there hasn't been any kind of innovation that would help bring the masses into it. What developers have only achieved is "diffusing" the difficulty bomb to make ETC a PoW blockchain forever. But that still hasn't attracted other developers to build dApps on its platform.

Without quality dApps and/or tokens, how would you expect ETC's price to go all the way to the moon? It's all about utility in order to keep demand at its highest. At least, we all know ETC won't go away that easily because of its established presence in the crypto/Blockchain space. ETHW, on the other hand, will die quickly because of the lack of a solid foundation behind it. The cryptocurrency was only created to enrich miners and developers without focusing on its utility. Why would you want another PoW ETH-based chain when you already have ETC? Ultimately, the market will decide which coins will stay and which coins will become history. As long as decentralization wins, there should be nothing to worry about. Just my opinion

[tbct_mt2]

You're right about that. But people don't care which is the real Ethereum or which one is the "copycat". What they care about is which chain has the most dApps, tokens, and services behind it for a great user experience. Despite ETC being 6 years old, there hasn't been any kind of innovation that would help bring the masses into it. What developers have only achieved is "diffusing" the difficulty bomb to make ETC a PoW blockchain forever. But that still hasn't attracted other developers to build dApps on its platform.

After Vitalik and the core team members left after the DAO fork, the initial coin, Ethereum Classic ETC is like a dead coin. Lack of developments and innovations are reasons ETC has very low price. At least it does not dead but it is not a good coin in eyes of investors who are seriously with their capital.

Without enough developments, we can not expect about innovations from ETC. Without innovations, it is hard to see price growth because the value of ETC does not rise without innovation from ETC team.

Without quality dApps and/or tokens, how would you expect ETC's price to go all the way to the moon? It's all about utility in order to keep demand at its highest. At least, we all know ETC won't go away that easily because of its established presence in the crypto/Blockchain space. ETHW, on the other hand, will die quickly because of the lack of a solid foundation behind it. The cryptocurrency was only created to enrich miners and developers without focusing on its utility. Why would you want another PoW ETH-based chain when you already have ETC?

People invested in ETC just because they hope ETC will move together with ETH. ETH is a leader and can lift ETC up after ETH has its bull run. ETC is like a parasite on ETH in the market and you are right too that miners left from ETH to ETC can be another reason people still believe that ETC will have other bull runs.

After ETH The Merge, ETC network becomes bigger and stronger. It has bigger communities and ETC enthusiasts believe that the game for ETC will be bigger as well.

[Abiky]

People invested in ETC just because they hope ETC will move together with ETH. ETH is a leader and can lift ETC up after ETH has its bull run. ETC is like a parasite on ETH in the market and you are right too that miners left from ETH to ETC can be another reason people still believe that ETC will have other bull runs.

After ETH The Merge, ETC network becomes bigger and stronger. It has bigger communities and ETC enthusiasts believe that the game for ETC will be bigger as well.

People believed ETC to remain a viable alternative to the ETH blockchain with its focus on decentralization and censorship-resistance. While the chain hasn't died yet, it lacks many of the dApps, tokens, and services which makes ETH so good. Without this, we can't expect mainstream adoption for ETC to rise anytime soon. ETC is only useful as a sort of speculative investment, that could either rise up or go down in price depending on crypto market conditions.

If there's a lot of hype, you can bet ETC will soar like crazy even though it lacks utility compared to other coins. Otherwise, prices will stall or go lower than what they are right now. Bitcoin is the main mover of the market, so a bullish BTC would surely drive ETC all the way to the moon. Who knows how long will ETC last? Just my thoughts

[evichi]

Considering the cost of the former Ethereum mining which is estimated at about $19 billion, it will be a huge waste of resources,as a result some miners and prominent personalities are in support of continuing ETHW (https://coinmarketcap.com/currencies/ethereum-pow/). Further, Ethereum is mined with dedicated GPUs, miners cannot just switch to Bitcoin, which is mined with ASICs. While ETHW will continue to be mined, the question is, will it have enough use cases to make it grow like ETH? However, I think we  have to observe as things unfold - currently, ETHW is backed by Poloniex, Justin Sun, founder of Tron, and Chandler Guo, a notable ETH miner and already listed in numerous exchanges (https://coinmarketcap.com/currencies/ethereum-pow/markets/).

[zeuner]

I am aware even before the Merge that there will probably be an Ethereum hard fork that would continue with its Proof of Work system. But what I'm more interested about is whether this ETHW will grow big in the future or not. I am also aware that there are those who are saying that ETHW is unnecessary and redundant because Ethereum Classic (ETC) is already the PoW version of Ethereum. So why should there be another PoW Ethereum?

So will this ETHW that is currently valued at $6 grow big in the future?

Exactly. We didn't need another PoW fork of Ethereum since we've already had both ETC and Expanse. In fact, Expanse was the first ETH fork that started it all. Ethereum Classic was created at a later time when most community members were dissatisfied with ETH's decision to roll back the Blockchain because of the DAO hack. As I've said many times already, ETHW was only created as a means to enrich both the developers and miners. It has no future simply because it has no substance to it.

Why would developers want to build on a PoW version of Ethereum that's redundant? There are far better options on the market with innovative features and a solid foundation built upon them. No one knows what the future holds for crypto, so either ETHW dies or keeps "pumping" for a little while. Just my thoughts

Is it because ETHW proponents want to move forward with the balances on the ETH blockchain just before ETH moved to PoS?