[ANN] Ethereum: Welcome to the Beginning - page 12.

theskillzdatklls

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Quote from: elmo40 on September 19, 2022, 03:30:54 PM

ETHw ftw.

Where else are 2M miners supposed to go? ERGO? RVN? Those don't have legs. Have you seen the 500% in diff for almost all other GPU mined coins? Now wait for the income dumping to pay for mining. No one holds ERGO or Vertcoin for the long term.

Luckily for them it's just GPUs. They can repurpose them a number of ways, like gaming. And selling them off even.

elmo40

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ETHw ftw.

Where else are 2M miners supposed to go? ERGO? RVN? Those don't have legs. Have you seen the 500% in diff for almost all other GPU mined coins? Now wait for the income dumping to pay for mining. No one holds ERGO or Vertcoin for the long term.

Unbunplease

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Quote from: Samthehero on September 18, 2022, 08:16:22 PM

Are you guys prepared for the dumpening??

The merge was the last straw. Now it will be only sell pressure in the next 12-24 months.

How low do you think it will go before all is said and done??

I think it will be different. ethereum is now becoming almost a deflationary asset. and I see no reason why eth will be dumped heavily. it is possible that there will soon be more motivation for stackers

theskillzdatklls

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Quote from: Samthehero on September 18, 2022, 08:16:22 PM

Are you guys prepared for the dumpening??

The merge was the last straw. Now it will be only sell pressure in the next 12-24 months.

How low do you think it will go before all is said and done??

Seems like the opposite to me. 90% less issuance, and the exodus of miners that are forced to sell to recoup electrical / hardware costs? Pretty sure that's less sell pressure to me by the very nature of the game.

How low can things go though? I guess fairly likely is another 10-20%. I would say more unlikely is a 30-40% drop. I have a hard time seeing more than that personally. So the high hundreds I would see as a hard floor for ETH.

estenity

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finally the goal of the whole ETH merge-move is unclear...

waiting for manageable explanations, this was at least dangerous.

Samthehero

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Are you guys prepared for the dumpening??

The merge was the last straw. Now it will be only sell pressure in the next 12-24 months.

How low do you think it will go before all is said and done??

Unbunplease

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In my opinion, we will soon see a battle between btc and eth. one cannot ignore the fact that ethereum is now more in line with the principles of green mining than bitcoin

theskillzdatklls

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Quote from: ayiphelmy on September 17, 2022, 07:49:09 PM

i bet eth will be a shitcoin

Sounds like the easy solution is to place your bets with shorts or futures contracts rather than whatever it is you're doing here.

Would have made you some money had you acted when you posted.

bitcampaign

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Quote from: fr4nkthetank on September 18, 2022, 11:00:10 AM

Quote from: ayiphelmy on September 17, 2022, 07:49:09 PM

i bet eth will be a shitcoin

well that gave me a chuckle, thanks Grin

unfortunately even if we laugh at anything at ETH right now, it won't be a shit coin, basically ETH will be interesting in the future looking at the results after yesterday's merger, I believe it needs a process to become more powerful

fr4nkthetank

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Now the money is free, and so the people will be

Quote from: ayiphelmy on September 17, 2022, 07:49:09 PM

i bet eth will be a shitcoin

well that gave me a chuckle, thanks Grin

ayiphelmy

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i bet eth will be a shitcoin

bitcampaign

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Quote from: theskillzdatklls on September 16, 2022, 11:35:02 AM

Quote from: bitcampaign on September 15, 2022, 11:39:21 AM

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

Sharding is what gets us there, which is the next major phase. Many people mixed that up. All the merge did was change the rewarding mechanism from POW to POS.

Sharding is what helps the standard user a lot. Because, as I recall, the ETH network can handle about 17 tx/second as it stands. Once sharding gets developed, which is probably I'd guess 2 years away, the tx/sec would increase from 17 to 100,000. And if you pair that with L2s, you can start to achieve a network that can handle institutional stuff / nation state stuff. Assuming the network is built out correctly. Because there is the mega fail of Solana which has their blockchain go "offline" whenever there's an issue. ETH can't have that happen or else it's a failed project, imo.

yes I know it has a process that may be a bit long and maybe go through a sharding process, at least I have also really seen cheap transaction fees every weekend so it makes it easier for me to transact, it seems the miners are throwing ETH so the price keeps going down every time

theskillzdatklls

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Quote from: bitcampaign on September 15, 2022, 11:39:21 AM

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

Sharding is what gets us there, which is the next major phase. Many people mixed that up. All the merge did was change the rewarding mechanism from POW to POS.

Sharding is what helps the standard user a lot. Because, as I recall, the ETH network can handle about 17 tx/second as it stands. Once sharding gets developed, which is probably I'd guess 2 years away, the tx/sec would increase from 17 to 100,000. And if you pair that with L2s, you can start to achieve a network that can handle institutional stuff / nation state stuff. Assuming the network is built out correctly. Because there is the mega fail of Solana which has their blockchain go "offline" whenever there's an issue. ETH can't have that happen or else it's a failed project, imo.

bitcampaign

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Quote from: percy_tc on September 16, 2022, 01:07:32 AM

Quote from: bitcampaign on September 15, 2022, 11:39:21 AM

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

Who cares? More fee, more burn.

yes it's true the more fees the more burned, but it makes it difficult for me a small trader to transact on the ETH network

Quote from: onecall123 on September 16, 2022, 03:05:07 AM

Quote from: bitcampaign on September 15, 2022, 11:39:21 AM

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

There's always going to be something that doesn't sit well with us. A number of updates will take place, including Vitalik, more coders, sharding, as we've now first mover advantage.

I believe the fees go to validators. Ethereum has a lot of built-in users and projects. The Ethereum network is now on the verge of lowering their fees and making transactions faster. This development required the merge. For its own sake, I hope so. It is impossible for them to maintain this charade by charging such high fees.

yes yesterday saw gas costs reach 200 Gwei and it surprised me why the fees got so high again even though it didn't take long and finally it went back to low below 10 Gwei, I thought the merger made transaction fees much cheaper but I was wrong and they are working on that best way to make ETH transactions much cheaper and still in progress

onecall123

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Quote from: bitcampaign on September 15, 2022, 11:39:21 AM

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

There's always going to be something that doesn't sit well with us. A number of updates will take place, including Vitalik, more coders, sharding, as we've now first mover advantage.

I believe the fees go to validators. Ethereum has a lot of built-in users and projects. The Ethereum network is now on the verge of lowering their fees and making transactions faster. This development required the merge. For its own sake, I hope so. It is impossible for them to maintain this charade by charging such high fees.

percy_tc

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Quote from: bitcampaign on September 15, 2022, 11:39:21 AM

maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

Who cares? More fee, more burn.

bitcampaign

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maybe many people think that this ETH merger will make the gwei gas on transactions much lower as is the case with BNB which always stays at 5 gwei for transactions, this is what I expected and it didn't happen until the merger was successful a few hours ago, I was wrong the only one who believes that by merging transactions is much cheaper even though the gwei gas is not really lower than expected after the merger, but I congratulate ETH for successfully moving to the POS network, hope it can be cheaper in the future https://etherscan.io/gastracker

theskillzdatklls

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Peak ETH supply may have already come and gone. 200 ETH down from the top.

passwordnow

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An era has ended but has opened a new era. From PoW to PoS and sure a lot of moments, experiences and memories will be remembered with the end of PoW.

Quote from: MegaAkker on September 12, 2022, 04:00:03 AM

Hello people,

I have some ETH on Ledger Nano and some ETH on Kraken, and now I wonder what is the best place to park them before the merge. As I understand, there is a chance that there will be a new coin after the merge and all ETH holders (apart from exchanges who do not support it) will get this new coin also at the 1:1 ratio compared to how many ETH they hold.
But will I get this on Ledger automatically? Or what do I need to do for this?

What is the best place to park my ETH ahead of the merge?

And.....how big is the chance in % that there really will be formed a new coin after the merge?

I have kept my ETH on Ledger Live and just waiting for their announcement if there really is a new coin. But for now, there's no need to worry as the merge is successful and ETH is now a Proof-of-stake.

zasad@

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https://decrypt.co/109724/what-ethereum-merge-means-and-doesnt-users
What the Ethereum Merge Means for Ordinary Users—And What It Doesn’t

Topic: [ANN] Ethereum: Welcome to the Beginning - page 12. (Read 2004007 times)