Wondering why price dropped so much.
Topic: [ANN] Ethereum: Welcome to the Beginning - page 1127. (Read 2006101 times)
is there a particular reason for today's price drop?
BTC price raises, altcoins price dropStrange... DGB and GEO are both up today. I think ETH is dropping because it was over priced. It's not much better than your average altcoin. You will probably see many altcoins integrating a Turing complete programming language on their block chains before ETH ever has a "killer app"
Also AUGUR has over 1 million ETH to dump for $
I think they have 1.8 milion eth to dump that is the main problem.
If they dump it slowly, over a month, that will be absorbed by the market. The market volume is 0.5 million per day recently.
is there a particular reason for today's price drop?
BTC price raises, altcoins price dropStrange... DGB and GEO are both up today. I think ETH is dropping because it was over priced. It's not much better than your average altcoin. You will probably see many altcoins integrating a Turing complete programming language on their block chains before ETH ever has a "killer app"
Also AUGUR has over 1 million ETH to dump for $
I think they have 1.8 milion eth to dump that is the main problem.
is there a particular reason for today's price drop?
BTC price raises, altcoins price dropStrange... DGB and GEO are both up today. I think ETH is dropping because it was over priced. It's not much better than your average altcoin. You will probably see many altcoins integrating a Turing complete programming language on their block chains before ETH ever has a "killer app"
Also AUGUR has over 1 million ETH to dump for $
Soon eth to the ico price.
The price might rise from there.
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is there a particular reason for today's price drop?
BTC price raises, altcoins price dropThis has been discussed on Reddit in length - https://www.reddit.com/r/ethereum/comments/3okg01/rootstock_is_coming_are_ethereums_days_numbered/
They need 2-way peg to make it work. But they don't have it now. They only can do a federated peg which is not competitive. If the 2-way peg is available, Ether also can use it to peg with Bitcoin, which will make Ether have the first move advantage.
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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.
...
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.
...
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?
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