[ANN] Ethereum: Welcome to the Beginning - page 40.

safar1980

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Digiconomist estimates that Ethereum miners currently consume 44.49 TWh per year which works out to 5.13 gigawatt on a continuing basis. This means that PoS is ~2000x more energy efficient based on the conservative estimates above, which reflects a reduction of at least 99.95% in total energy use.
https://digiconomist.net/ethereum-energy-consumption/
If energy consumption per-transaction is more your speed, that’s ~35Wh/tx (avg ~60K gas/tx) or about 20 minutes of TV. By contrast, Ethereum PoW uses the equivalent energy of a house for 2.8 days per transaction and Bitcoin consumes 38 house-days worth.

https://blog.ethereum.org/2021/05/18/country-power-no-more/

jqprez

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coincidentally, the collapse of ethereum came immediately after Vitali Buterin burned 40% of shiba inu. The market did not like it.

budlo

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The Ethereum is a fundamental project with good development prospects and a very strong community. The fall of the market did not pass by the ether, but I hope this is just overclocking to update new levels. Good time to buy.

onecall123

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Quote from: redwine49 on May 19, 2021, 01:49:49 PM

Quote from: Lunar Crank on May 19, 2021, 12:08:48 PM

Quote from: Dron Pelya on May 19, 2021, 06:04:08 AM

Well, a few days ago I was looking at price 2800 per ETH, and I thought that we wouldn't see it soon. But today EHT price is 2800. Now I'm looking at price 2300, and I hope ETH will not fall below it.

So, I wonder what you reaction was when ETH price has fallen till 1880. Now its price is about 2800 again. But now it's a good price unlike the moment when you wrote your message.

i think the price is not good enough.... no matter you look at the ETH price and try to read the price chart. actually it's because bitcoin makes everything fall.

That's what I put my money on Ethereum. Currently EIP1559 is in the last call that is BEFORE accepted, we have seen huge development as of now yet because of Bitcoin market ETH follows down. Ethereum is setup to run, so there bunches of room for everybody to win at this moment.

zasad@

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The work is already moving towards completion
https://www.coindesk.com/eth-2-0-validators-can-expect-after-altair-upgrade
"As Ethereum developers prepare for their 11th backward-incompatible, system-wide upgrade, or “hard fork,” Ethereum 2.0 developers are getting ready to release their first one ever.
Named after the brightest star in the northern constellation of Aquila, the “Altair” upgrade is tentatively scheduled for activation this summer, either in July or August.
Around this time is also when Ethereum’s 11th hard fork, dubbed “London,” is expected for release. One of the goals will be to line up Altair and London for around the same time so that validators can upgrade their Ethereum and Eth 2.0 software in one go, rather than on two different occasions. "

redwine49

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Quote from: zasad@ on May 20, 2021, 09:48:59 AM

https://etherscan.io/block/12462759
Block Reward: 93.56386316731045366 Ether (2 + 91.56386316731045366)
Mined by: 0xea674fdde714fd979de3edf0f56aa9716b898ec8 (Ethermine) in 24 secs
These are not hackers' mistakes or tricks. Excellent fees on the Ethereum network. I used to collect such blocks, but in the last few days, blocks with commissions of 30-90 Ethereum is the norm.

Very profitable which makes new miners enter and compete for maximum income.
this is why we need to scale Ethereum blockchain, i hope ETH 2.0 will lauch before 2022

zasad@

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https://etherscan.io/block/12462759
Block Reward: 93.56386316731045366 Ether (2 + 91.56386316731045366)
Mined by: 0xea674fdde714fd979de3edf0f56aa9716b898ec8 (Ethermine) in 24 secs
These are not hackers' mistakes or tricks. Excellent fees on the Ethereum network. I used to collect such blocks, but in the last few days, blocks with commissions of 30-90 Ethereum is the norm.

redwine49

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Quote from: becoin on May 16, 2021, 09:58:38 AM

Quote from: redwine49 on May 16, 2021, 08:32:53 AM

Quote from: becoin on May 16, 2021, 04:07:45 AM

Quote from: blacksmithtm on May 16, 2021, 02:39:02 AM

have developers given up on trying to scale ETH? It seems sharding has been postponed and all efforts are instead direction toward fee burning and proof of stake which doesent help users and developers much.

Most important thing is eth price. Don't worry about scaling! Infura will take care of eth blockchain.

i disagree with you. The issue of ETH scalability is the most important aspect to look at where ETH price is headed.
If ETH 2.0 fails it will be catastrophic for the price too because most people buy more ETH because of ETH 2.0 upgrade

Of course, my friend. I was sarcastic.

no problem my friend

Quote from: Lunar Crank on May 19, 2021, 12:08:48 PM

Quote from: Dron Pelya on May 19, 2021, 06:04:08 AM

Well, a few days ago I was looking at price 2800 per ETH, and I thought that we wouldn't see it soon. But today EHT price is 2800. Now I'm looking at price 2300, and I hope ETH will not fall below it.

So, I wonder what you reaction was when ETH price has fallen till 1880. Now its price is about 2800 again. But now it's a good price unlike the moment when you wrote your message.

i think the price is not good enough.... no matter you look at the ETH price and try to read the price chart. actually it's because bitcoin makes everything fall.

Lunar Crank

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www.cd3d.app

Quote from: Dron Pelya on May 19, 2021, 06:04:08 AM

Well, a few days ago I was looking at price 2800 per ETH, and I thought that we wouldn't see it soon. But today EHT price is 2800. Now I'm looking at price 2300, and I hope ETH will not fall below it.

So, I wonder what you reaction was when ETH price has fallen till 1880. Now its price is about 2800 again. But now it's a good price unlike the moment when you wrote your message.

Dron Pelya

sr. member

Activity: 1302

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Well, a few days ago I was looking at price 2800 per ETH, and I thought that we wouldn't see it soon. But today EHT price is 2800. Now I'm looking at price 2300, and I hope ETH will not fall below it.

Daltonik

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The developers of the Ethereum Foundation have disclosed information about a vulnerability that allows a DoS attack on the blockchain of the second-largest cryptocurrency. The vulnerability was discovered in March 2019, but it was only possible to close it with the activation of the Berlin hard fork in April 2021.
According to the developers, the vulnerability was a "well known secret" previously it was publicly disclosed by mistake. After the April update, the threat level has decreased enough to tell about it in detail. https://blog.ethereum.org/2021/05/18/eth_state_problems/

Quote from: https://twitter.com/mhswende/status/1394649519393058822

zasad@

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Quote from: blacksmithtm on May 16, 2021, 02:39:02 AM

have developers given up on trying to scale ETH? It seems sharding has been postponed and all efforts are instead direction toward fee burning and proof of stake which doesent help users and developers much.

Where did you get this information?

https://github.com/ethereum/eth1.0-specs/blob/master/network-upgrades/mainnet-upgrades/london.md#included-eips

"Select Fork Blocks
Ropsten: 10399301 (June 9, 2021)
Goerli: 4979794 (June 16, 2021)
Rinkeby: 8813188 (June 23, 2021)"

POS:

https://twitter.com/protolambda/status/1392503445714767883
Nocturne testnet successfully launched:

"Nocturne update: we have finality, reached slot 1000, processed some transactions, and in-consensus with 7 different clients.

It's all a prototype, and there is still a lot to do for the Merge, but it works ☀️

https://nocturne.rayonism.io
https://fork.nocturne.rayonism.io"

becoin

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Quote from: redwine49 on May 16, 2021, 08:32:53 AM

Quote from: becoin on May 16, 2021, 04:07:45 AM

Quote from: blacksmithtm on May 16, 2021, 02:39:02 AM

have developers given up on trying to scale ETH? It seems sharding has been postponed and all efforts are instead direction toward fee burning and proof of stake which doesent help users and developers much.

Most important thing is eth price. Don't worry about scaling! Infura will take care of eth blockchain.

i disagree with you. The issue of ETH scalability is the most important aspect to look at where ETH price is headed.
If ETH 2.0 fails it will be catastrophic for the price too because most people buy more ETH because of ETH 2.0 upgrade

Of course, my friend. I was sarcastic.

redwine49

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Activity: 1078

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Quote from: becoin on May 16, 2021, 04:07:45 AM

Quote from: blacksmithtm on May 16, 2021, 02:39:02 AM

have developers given up on trying to scale ETH? It seems sharding has been postponed and all efforts are instead direction toward fee burning and proof of stake which doesent help users and developers much.

Most important thing is eth price. Don't worry about scaling! Infura will take care of eth blockchain.

i disagree with you. The issue of ETH scalability is the most important aspect to look at where ETH price is headed.
If ETH 2.0 fails it will be catastrophic for the price too because most people buy more ETH because of ETH 2.0 upgrade

budlo

sr. member

Activity: 854

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Quote from: Lunar Crank on May 13, 2021, 01:42:47 PM

Quote from: redwine49 on May 11, 2021, 02:59:07 AM

Quote from: Peer-Sil on May 10, 2021, 06:57:37 AM

What do you think is the price till end of the week? Grin

Is there a date when the proof of stake alt. will be released?

We are waiting for it. I love to see when ETH gas fee back to 6-16 GWEI.
I do not know when they ready to lauch ETH 2.0 . I still can wait until the end of this year Cheesy

I can't even remember when Gwei was so low. And I'm not sure that we will see it again.

Anyway, I expect futher increasing of ETH price. And current decreasing I used for buying ETH cheaper then it was.

Before the last fall of the market, commissions both in the ETH network and in the BTC network were at an extremely high level, practically at a historical maximum. I don’t know how it is connected, but after this there is often a drawdown in the market. And then the commissions return to the average values.

becoin

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Quote from: blacksmithtm on May 16, 2021, 02:39:02 AM

have developers given up on trying to scale ETH? It seems sharding has been postponed and all efforts are instead direction toward fee burning and proof of stake which doesent help users and developers much.

Most important thing is eth price. Don't worry about scaling! Infura will take care of eth blockchain.

blacksmithtm

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have developers given up on trying to scale ETH? It seems sharding has been postponed and all efforts are instead direction toward fee burning and proof of stake which doesent help users and developers much.

zasad@

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EIP3554: difficulty bomb delay
https://github.com/ethereum/EIPs/blob/909863b2938b5f8ae38d42c8b6442e599d7605a4/EIPS/eip-3554.md
"Difficulty Bomb Delay to December 1st 2021

Motivation
Targeting for the Shanghai upgrde and/or the Merge to occur before Decemember 2021. Either the bomb can be readjusted at that time, or removed all together."

Ethereum is in a hurry to change the algorithm

onecall123

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Quote from: Lunar Crank on May 13, 2021, 01:42:47 PM

I can't even remember when Gwei was so low. And I'm not sure that we will see it again.

ETH has very high gas fees and I wondering how long it will take to come down. The time line for the official EIP1559 rollout next July 2021. Though EIP1559 is not even forecast to have a lot of an impact on fees.

Quote from: Lunar Crank on May 13, 2021, 01:42:47 PM

Anyway, I expect futher increasing of ETH price. And current decreasing I used for buying ETH cheaper then it was.

Ether is already on a ride and ETH will be more and more expensive. First ETH will test $4200, passes that then we in for a takeoff. So, $4500 ETH by tomorrow?

redwine49

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Quote from: Lunar Crank on May 13, 2021, 01:42:47 PM

Quote from: redwine49 on May 11, 2021, 02:59:07 AM

Quote from: Peer-Sil on May 10, 2021, 06:57:37 AM

What do you think is the price till end of the week? Grin

Is there a date when the proof of stake alt. will be released?

We are waiting for it. I love to see when ETH gas fee back to 6-16 GWEI.
I do not know when they ready to lauch ETH 2.0 . I still can wait until the end of this year Cheesy

I can't even remember when Gwei was so low. And I'm not sure that we will see it again.

Anyway, I expect futher increasing of ETH price. And current decreasing I used for buying ETH cheaper then it was.

Last year we still at 10-20 GWEI as gas transaction fee.
We need them to decrease if we expect ETH smart contract to grow a bit more.
Atleast 10M to 30M transaction per day

Quote from: Termie on May 12, 2021, 01:27:18 PM

after switch to PoS, ETH miners are history, or maybe they can switch to ETH Classic :p

Yeah, i am sorry for them Undecided

Topic: [ANN] Ethereum: Welcome to the Beginning - page 40. (Read 2006106 times)