Topic: [ANN] Ethereum: Welcome to the Beginning - page 1126. (Read 2007090 times)
Soon eth to the ico price.
is there a particular reason for today's price drop?
BTC price raises, altcoins price dropno, thats the reason most likely: http://bravenewcoin.com/news/rootstock-is-coming-are-ethereums-days-numbered-or-will-the-18-million-dollar-idea-survive/
It depends on how much money they raise to compete Ethereum.
is there a particular reason for today's price drop?
BTC price raises, altcoins price dropno, thats the reason most likely: http://bravenewcoin.com/news/rootstock-is-coming-are-ethereums-days-numbered-or-will-the-18-million-dollar-idea-survive/
is there a particular reason for today's price drop?
BTC price raises, altcoins price drop
is there a particular reason for today's price drop?
Is this going to be broadcast live with Q/A from online viewers? It seems like an asshole/elitist move to try and make money off of conferences. They should do everything public. If they need more funds they should run a 2CO and dilute coins. We should also sign the devs to contracts with the 2CO funds so that we know how long we get them for.
Do you think is possible to have poS on eth?
Real pos,not just variant of it, like normal altcoins.
Real pos,not just variant of it, like normal altcoins.
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When the network hash rate increases, for the same amount of electricity cost (power), you get less Eth. So the break even price of your mined coin is going up. The electricity price per kWh is fixed.
When the network hash rate increases, for the same amount of electricity cost (power), you get less Eth. So the break even price of your mined coin is going up. The electricity price per kWh is fixed.
Mining cost doesn't create the value. That's a popular myth.
If you are pure for-profit-miner, you dump your coins for whatever the current market value is. If it's lower than your cost, you'll just stop mining.
Market (buy/sell orders) is shaping the price and influencing hash-rate size, not the other way around.
At very best, current cost/coin can only create psychological expectation of what the price should be.
You are completely right. My last post unwittingly presupposed this and was more a sort of reflection on the psychology of having a PoW vs PoS.
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When the network hash rate increases, for the same amount of electricity cost (power), you get less Eth. So the break even price of your mined coin is going up. The electricity price per kWh is fixed.
When the network hash rate increases, for the same amount of electricity cost (power), you get less Eth. So the break even price of your mined coin is going up. The electricity price per kWh is fixed.
Mining cost doesn't create the value. That's a popular myth.
If you are pure for-profit-miner, you dump your coins for whatever the current market value is. If it's lower than your cost, you'll just stop mining.
Market (buy/sell orders) is shaping the price and influencing hash-rate size, not the other way around.
At very best, current cost/coin can only create psychological expectation of what the price should be.
The cost of PoW mining of Eth gives its value.
Interesting. Has the hashrate declined since launch?
The price decline is mainly because of the large amount of ICO and extra issued coin since the launch.
The electricity cost of 1 Eth is around $0.6 if the electricity price is around $0.2 when the network hash rate is around 400GH/s.
Can you explain how the electricity price goes down when the hase rate increase?
Sorry for the confusion. It should be:
The electricity cost of 1 Eth is around $0.6 if the electricity price is around $0.2 and when the network hash rate is around 400GH/s.
When the network hash rate increases, for the same amount of electricity cost (power), you get less Eth. So the break even price of your mined coin is going up. The electricity price per kWh is fixed.
The cost of PoW mining of Eth gives its value.
Interesting. Has the hashrate declined since launch?
The price decline is mainly because of the large amount of ICO and extra issued coin since the launch.
The electricity cost of 1 Eth is around $0.6 if the electricity price is around $0.2 when the network hash rate is around 400GH/s.
Can you explain how the electricity price goes down when the hase rate increase?
The cost of PoW mining of Eth gives its value.
Interesting. Has the hashrate declined since launch?
The price decline is mainly because of the large amount of ICO and extra issued coin since the launch.
The electricity cost of 1 Eth is around $0.6 if the electricity price is around $0.2 when the network hash rate is around 400GH/s.
Why, was this not expected, was it not announced before?
Does the price of electricity really go down when the hash rate increases?
The cost of PoW mining of Eth gives its value.
Interesting. Has the hashrate declined since launch?
The price decline is mainly because of the large amount of ICO and extra issued coin since the launch.
The electricity cost of 1 Eth is around $0.6 if the electricity price is around $0.2 when the network hash rate is around 400GH/s.
The cost of PoW mining of Eth gives its value.
I don't think it's as simple as that even with BTC. A mature PoW network gives you stability. It shows that there is trust in the network. That adds to BTCs utility.
But Ethereum is 100% useful the second you can launch your ethereum-based application. It doesn't matter as much if the token fluctuates in price as long as what you're running on the network is valuable to you and costs are 90%-99% cheaper than a conventional service.
The cost of PoW mining of Eth gives its value.
Interesting. Has the hashrate declined since launch?
The cost of PoW mining of Eth gives its value.
Staking has been disprroved many times by many calculations, it leads to holding, centralizing and in my own views has litttle to do with crypto, since spending is out of the question 
The only benefit of staking is the saving of electricity.
There's little doubt that that is a significant saving. As a miner myself, I wouldn't mind if they stuck to PoW, but there's no denying the positive value of a power efficient network. I have severe doubts about PoS for BTC, but I think the social, economic and technological dynamics are different for Ethereum. I just don't know if they're different enough.
Staking has been disprroved many times by many calculations, it leads to holding, centralizing and in my own views has litttle to do with crypto, since spending is out of the question
The only benefit of staking is the saving of electricity.
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In theory. I'd like to see a crypto with some proper exposure run PoS for a while before I trust it completely.
Why, what's your issue with PoS ??
I just see it as unproven technology. Until it's seen off attacks by motivated attackers and the wims of a diverse community I fear there's something that's been missed or underestimated. I sort of feel the same way about PoW to a certain degree, but it's been put through hell and survived.
I think the first real exposure of PoS (where there will be sufficient incentive to concentrate resources to attack) will be with ethereum, so it's probably best to get it in place as early as possible so problems can be ironed out before too many businesses rely on it. At the moment, everyone involved in ethereum accepts that there's risk involved in being early. That won't last forever.
Staking has been disprroved many times by many calculations, it leads to holding, centralizing and in my own views has litttle to do with crypto, since spending is out of the question
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