[ANN] Ethereum: Welcome to the Beginning - page 54.

zasad@

legendary

Activity: 2002

Merit: 4743

Quote from: outbreak198x on January 25, 2021, 05:56:09 PM

Hello,

I just want to ask whats the easiest way to come back to historical hashrate data.

I know how much ETH we earned, but actual profit calculators want match.

What paramaters do i need to convert back our earnings to hashrate (round about)

Because i have some beef with a lawyer - so i have to declare how much devices (or hashrate) we had.

Would be nice, if someone can explain :-)

I study a lot of information about cryptocurrency taxes, but I have never come across someone requesting hash rate data. The entire history of your hashrate can be stored in the mining pool, if the pool has committed itself to store this information.
The calculator can give errors, because the pools have different reward systems.
Even the equipment could not work for some time due to failures, power outages or disconnections from the Internet.
The mining reward is highly dependent on network fees.

Although there is chart data on the profitability of mining
https://bitinfocharts.com/en/comparison/ethereum-mining_profitability.html

Mistafreeze

sr. member

Activity: 897

Merit: 284

Quote from: livingfree on January 24, 2021, 11:02:51 PM

Quote from: ?? on ??

Quote from: livingfree on January 20, 2021, 06:48:00 PM

No one talks here that Ethereum just got $1,400+ a day or two ago.

Quote from: fat buddah on January 12, 2021, 12:17:12 AM

Quote from: Dron Pelya on January 10, 2021, 04:45:34 AM

Well, now I have almost all my funds in ETH. And today for me is more important rising price in sat, not usd. So, I think it is still possible. Even if btc price will be down.

They say buy dip but was it a real dip or crypto just went down for a long time

Not that really a dip though. Why people still say that the dip has come? if in fact that ETH's price keeps on pushing towards $1,500.

Eth price is not yet the ATH, We might witness its run a week from now.

Eth is not actually following bitcoins dip atm.

Well, just today Ethereum got hit the new ATH @ $1,450. That was unexpected when it fact yesterday the price of it was just playing $1200-$300.

Those who predicted that it could trigger the next ATH last time, well you guys are perfect and right!

Next target for eth is $2000. It will hit $5000 by year end. Eth is next big thing after BTC and one eth 2.0 is out, there will be no stopping for eth.

outbreak198x

newbie

Activity: 10

Merit: 0

Hello,

I just want to ask whats the easiest way to come back to historical hashrate data.

I know how much ETH we earned, but actual profit calculators want match.

What paramaters do i need to convert back our earnings to hashrate (round about)

Because i have some beef with a lawyer - so i have to declare how much devices (or hashrate) we had.

Would be nice, if someone can explain :-)

zasad@

legendary

Activity: 2002

Merit: 4743

https://decrypt.co/55213/analyst-gives-three-reasons-why-1-6-billion-in-eth-just-left-exchanges
Analyst Gives Three Reasons Why $1.6 Billion in ETH Just Left Exchanges
Tim Hakki(C)
Jan 25, 2021

"The exodus started on Tuesday, when there was 16.6 million ETH held in exchanges, meaning that $1.6 billion has left exchanges.

Pedro Febrero, an analyst at Quantum Economics, told Decrypt that there could be three reasons that explain why so much ETH was drained from exchanges.

1. Ethereum has returned to being locked in DeFi,” said Febrero, in reference to crypto staked in decentralized finance smart contracts.

2. The number of ETH locked in the beacon chain (PoS) grew by more than 320% since December 2020.” Febrero, here, is talking about ETH locked up in the smart contracts for ETH2.0, the next generation upgrade to the Ethereum blockchain

3. Institutional investors and smart money, like Grayscale investors, are accumulating Ethereum "

livingfree

hero member

Activity: 3024

Merit: 580

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: ?? on ??

Quote from: livingfree on January 20, 2021, 06:48:00 PM

No one talks here that Ethereum just got $1,400+ a day or two ago.

Quote from: fat buddah on January 12, 2021, 12:17:12 AM

Quote from: Dron Pelya on January 10, 2021, 04:45:34 AM

Well, now I have almost all my funds in ETH. And today for me is more important rising price in sat, not usd. So, I think it is still possible. Even if btc price will be down.

They say buy dip but was it a real dip or crypto just went down for a long time

Not that really a dip though. Why people still say that the dip has come? if in fact that ETH's price keeps on pushing towards $1,500.

Eth price is not yet the ATH, We might witness its run a week from now.

Eth is not actually following bitcoins dip atm.

Well, just today Ethereum got hit the new ATH @ $1,450. That was unexpected when it fact yesterday the price of it was just playing $1200-$300.

Those who predicted that it could trigger the next ATH last time, well you guys are perfect and right!

SiNeReiNZzz

legendary

Activity: 1022

Merit: 1043

αLPʜα αɴd ΩMeGa

Always on the lookout...
The next price rocket could already be on the starting blocks! Cheesy

wavessurfing

member

Activity: 402

Merit: 45

Quote from: zasad@ on January 23, 2021, 08:18:16 AM

Quote from: wavessurfing on January 22, 2021, 08:07:32 PM

Quote from: zasad@ on January 22, 2021, 10:06:02 AM

International thoughts about EIP-1559

https://twitter.com/preston_vanloon/status/1351616415065751552?s=20

"Has anyone modeled the actual miner reward reduction of EIP-1559, recently?

Earlier this week, miners raked in nearly 20k ETH in gas fees on top of block rewards.

I saw some quote that EIP-1559 would burn $1MM per day... That's only 700ETH, remainder still going to miners."

https://cryptofees.info/
The amount of commissions in the Ethereum ecosystem per day $ 8-9 MM. EIP-1559 will burn less than 10%. Why are miners so worried? They will lose 7-8% of their profits.

can you explain EIP-1559 ? thank you.

The Ethereum network works similarly to the Bitcoin network. The higher the transaction fee, more priority it has to be processed first.

This is relevant for arbitrage traders who find profitable opportunities on various decentralized exchanges. They don't care what they pay for a transaction 500-1000 or more dollars, they only care about the profit. Such actions make it impossible to send cheap transactions to other users.

EIP-1559 will adjust the commission automatically, depending on the network congestion. This commission will be called "BASEFEE". And part of the commissions will be burned, which will reduce the amount of Ethereum coins.

Ethereum 2.0 introduces a similar system. The more transactions, the more shards the network will process them.
Every validator on the Ethereum 2.0 network will lose coins from their deposit for breaking the rules.

thank you so much.

zasad@

legendary

Activity: 2002

Merit: 4743

Quote from: wavessurfing on January 22, 2021, 08:07:32 PM

Quote from: zasad@ on January 22, 2021, 10:06:02 AM

International thoughts about EIP-1559

https://twitter.com/preston_vanloon/status/1351616415065751552?s=20

"Has anyone modeled the actual miner reward reduction of EIP-1559, recently?

Earlier this week, miners raked in nearly 20k ETH in gas fees on top of block rewards.

I saw some quote that EIP-1559 would burn $1MM per day... That's only 700ETH, remainder still going to miners."

https://cryptofees.info/
The amount of commissions in the Ethereum ecosystem per day $ 8-9 MM. EIP-1559 will burn less than 10%. Why are miners so worried? They will lose 7-8% of their profits.

can you explain EIP-1559 ? thank you.

The Ethereum network works similarly to the Bitcoin network. The higher the transaction fee, more priority it has to be processed first.

This is relevant for arbitrage traders who find profitable opportunities on various decentralized exchanges. They don't care what they pay for a transaction 500-1000 or more dollars, they only care about the profit. Such actions make it impossible to send cheap transactions to other users.

EIP-1559 will adjust the commission automatically, depending on the network congestion. This commission will be called "BASEFEE". And part of the commissions will be burned, which will reduce the amount of Ethereum coins.

Ethereum 2.0 introduces a similar system. The more transactions, the more shards the network will process them.
Every validator on the Ethereum 2.0 network will lose coins from their deposit for breaking the rules.

wavessurfing

member

Activity: 402

Merit: 45

Quote from: zasad@ on January 22, 2021, 10:06:02 AM

International thoughts about EIP-1559

https://twitter.com/preston_vanloon/status/1351616415065751552?s=20

"Has anyone modeled the actual miner reward reduction of EIP-1559, recently?

Earlier this week, miners raked in nearly 20k ETH in gas fees on top of block rewards.

I saw some quote that EIP-1559 would burn $1MM per day... That's only 700ETH, remainder still going to miners."

https://cryptofees.info/
The amount of commissions in the Ethereum ecosystem per day $ 8-9 MM. EIP-1559 will burn less than 10%. Why are miners so worried? They will lose 7-8% of their profits.

can you explain EIP-1559 ? thank you.

zasad@

legendary

Activity: 2002

Merit: 4743

International thoughts about EIP-1559

https://twitter.com/preston_vanloon/status/1351616415065751552?s=20

"Has anyone modeled the actual miner reward reduction of EIP-1559, recently?

Earlier this week, miners raked in nearly 20k ETH in gas fees on top of block rewards.

I saw some quote that EIP-1559 would burn $1MM per day... That's only 700ETH, remainder still going to miners."

https://cryptofees.info/
The amount of commissions in the Ethereum ecosystem per day $ 8-9 MM. EIP-1559 will burn less than 10%. Why are miners so worried? They will lose 7-8% of their profits.

podpod

jr. member

Activity: 442

Merit: 3

Quote from: ?? on ??

Quote from: livingfree on January 20, 2021, 06:48:00 PM

No one talks here that Ethereum just got $1,400+ a day or two ago.

Quote from: fat buddah on January 12, 2021, 12:17:12 AM

Quote from: Dron Pelya on January 10, 2021, 04:45:34 AM

Well, now I have almost all my funds in ETH. And today for me is more important rising price in sat, not usd. So, I think it is still possible. Even if btc price will be down.

They say buy dip but was it a real dip or crypto just went down for a long time

Not that really a dip though. Why people still say that the dip has come? if in fact that ETH's price keeps on pushing towards $1,500.

Eth price is not yet the ATH, We might witness its run a week from now.

Eth is not actually following bitcoins dip atm.

Seems we going down down down

livingfree

hero member

Activity: 3024

Merit: 580

Hire Bitcointalk Camp. Manager @ r7promotions.com

No one talks here that Ethereum just got $1,400+ a day or two ago.

Quote from: fat buddah on January 12, 2021, 12:17:12 AM

Quote from: Dron Pelya on January 10, 2021, 04:45:34 AM

Well, now I have almost all my funds in ETH. And today for me is more important rising price in sat, not usd. So, I think it is still possible. Even if btc price will be down.

They say buy dip but was it a real dip or crypto just went down for a long time

Not that really a dip though. Why people still say that the dip has come? if in fact that ETH's price keeps on pushing towards $1,500.

zasad@

legendary

Activity: 2002

Merit: 4743

Ethereum Developers Publish Draft Spec for Berlin Hard Fork
Specifications for the upcoming Ethereum upgrade are now available on GitHub—bringing the upgrade one step closer.
https://decrypt.co/54636/ethereum-developers-publish-draft-spec-for-berlin-hard-fork

https://twitter.com/JHancock/status/1351519606590955522

"There are five of them in the draft published today: EIP-2565 (ModExp Gas Cost), EIP-2315 (Simple Subroutines for the EVM), EIP-2929 (Gas cost increases for state access opcodes), EIP-2718 (Typed Transaction Envelope), and EIP-2930 (Optional access lists).

With all participating clients having the code for those EIPs merged (the only exclusion is EIP-2930 for Geth), the Berlin upgrade could now be close to activation."

zasad@

legendary

Activity: 2002

Merit: 4743

Quote from: theskillzdatklls on January 17, 2021, 05:12:06 AM

With the 32-ETH staking pods, as they appreciate in value, can you consolidate them to create new pods as the newly printed ETH becomes available? Either now or in the future?

https://beaconscan.com/validator/0xa2d24f4c55b648036b785419397d24f08b6346490d75585b4f00bd524c218ee4eebbf243515eca5ea18b1caad8a0cfa0
If you use an official staking contract, then staking rewards will be credited to your address. But you can also get losses if your node is inactive.
Withdrawals are not available. We are waiting for phase 1 and news.

You can also take advantage of the staking options on exchanges, such as Binance. But you will have to study from the condition. Withdrawals are available there.

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

With the 32-ETH staking pods, as they appreciate in value, can you consolidate them to create new pods as the newly printed ETH becomes available? Either now or in the future?

whyyyyy

newbie

Activity: 10

Merit: 0

.

zasad@

legendary

Activity: 2002

Merit: 4743

https://twitter.com/i/web/status/1350005105811197952

Bitfly(C)
@etherchain_org
What is your opinion on the controversial EIP-1559 which is supposed to improve UX & burn a majority of the transaction fee instead of giving it to miners for securing the network ⛏️?

#Ethermine is an open pool and will, as always, represent the opinion of its individual miners!

The first moves towards decreasing inflation

Piston Honda

legendary

Activity: 2730

Merit: 1068

Juicin' crypto

Quote from: WastedLTC on January 13, 2021, 02:11:33 PM

Quote from: TeraBite on January 13, 2021, 01:29:54 PM

Quote from: Piston Honda on January 13, 2021, 09:32:25 AM

sooooooooooooooooooo what will happen to ETH price and development when the S.E.C comes down on eth with enforcement?

(serious question, not FUD) - this shit is real/no joke when Gov gets involved. we see what happened to XRP.

Maybe you are not following this deeply BTC and ETH are clear from SEC both are not securities so you must do your own research before raise that kind of questions. It seems you are here to ask something funny. ETH is most coin after BTC and it is safe to invest in it.

Correct -- ETH would have been considered a security at the time of the ICO but by the time SEC got involved the ICO was complete and the coin was distributed enough to be considered not a security.... never been the case with XRP.

do you think that will stop them?? lol...no. IF they wanna fuck ETH or any coin, they can/will.
hopefully they do not.

logictense

hero member

Activity: 2147

Merit: 518

Quote from: TeraBite on January 13, 2021, 01:29:54 PM

Quote from: Piston Honda on January 13, 2021, 09:32:25 AM

sooooooooooooooooooo what will happen to ETH price and development when the S.E.C comes down on eth with enforcement?

(serious question, not FUD) - this shit is real/no joke when Gov gets involved. we see what happened to XRP.

Maybe you are not following this deeply BTC and ETH are clear from SEC both are not securities so you must do your own research before raise that kind of questions. It seems you are here to ask something funny. ETH is most coin after BTC and it is safe to invest in it.

Here is the thing.

Orange gorilla lost the campaign, another incumbent has the office now. And this guy has a record of backing two anti-encryption bills, SB-266 and SB-218. Google it. He is a 78 yo fartbag biased against crypto.

Trump is gone and took everyone with him, every appointee of his has since either resigned (Jay Clayton case) or got fired. Bidens people took their seats

https://www.brookings.edu/research/tracking-turnover-in-the-trump-administration/

https://www.bitcoinkeyfinder.com/new-threats-to-self-custody-take-shape-in-the-us/

Now this woman, Valerie Szeczepanik, remember her? She was the reason monero got kicked outta bittrex.

If she gets a nudge in the back, from her superiors above, like, someone drops a case on her desk and says, look, these guys here make too much money and these coins get most traction in the cross-border transaction sector, we are gonna need to slow down these bastards, then she will go batshit on clamping down everything she gets her paws on.

If they want it really bad, they can do it. They can smother big cryptos too. They will ban the shit out of it, US part of the market will be siloed, billionaires spotted in buying huge chunks of crypto will be jailed. Chinese will reign in their monopoly.

The question is, whether US officials are gonna find themselves in a situation that would force them to continue anti-crypto narrative.

WastedLTC

hero member

Activity: 778

Merit: 563

Quote from: TeraBite on January 13, 2021, 01:29:54 PM

Quote from: Piston Honda on January 13, 2021, 09:32:25 AM

sooooooooooooooooooo what will happen to ETH price and development when the S.E.C comes down on eth with enforcement?

(serious question, not FUD) - this shit is real/no joke when Gov gets involved. we see what happened to XRP.

Maybe you are not following this deeply BTC and ETH are clear from SEC both are not securities so you must do your own research before raise that kind of questions. It seems you are here to ask something funny. ETH is most coin after BTC and it is safe to invest in it.

Correct -- ETH would have been considered a security at the time of the ICO but by the time SEC got involved the ICO was complete and the coin was distributed enough to be considered not a security.... never been the case with XRP.

Topic: [ANN] Ethereum: Welcome to the Beginning - page 54. (Read 2007008 times)