[ANN] Ethereum: Welcome to the Beginning - page 769.

Sm00kew

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Quote from: IncludeBeer on August 26, 2016, 11:31:14 PM

Quote from: NanoPipe on August 26, 2016, 02:24:32 AM

Quote from: IncludeBeer on August 25, 2016, 09:03:47 PM

I mean....I know that the difficulty going up means more ppl are mining, means better decentralization, etc. But FUCK! Mining profits keep getting smaller and smaller! Angry

It just mean the mining will be concentrated into cheap electricity places like China. It happened to the btc mining.

No, I doubt that's the main cause. POS is coming soon, at least, too soon to invest a giant mining operation into Eth. More likely, it's a combination of difficulty bomb (by design), and more rigs being brought online/switched to Eth mining.

Difficulty bomb won't affect difficulty for at least 5 months.

Quidat

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DGbet.fun - Crypto Sportsbook

Quote from: IncludeBeer on August 26, 2016, 11:31:14 PM

Quote from: NanoPipe on August 26, 2016, 02:24:32 AM

Quote from: IncludeBeer on August 25, 2016, 09:03:47 PM

I mean....I know that the difficulty going up means more ppl are mining, means better decentralization, etc. But FUCK! Mining profits keep getting smaller and smaller! Angry

It just mean the mining will be concentrated into cheap electricity places like China. It happened to the btc mining.

No, I doubt that's the main cause. POS is coming soon, at least, too soon to invest a giant mining operation into Eth. More likely, it's a combination of difficulty bomb (by design), and more rigs being brought online/switched to Eth mining.

The difficulty is still rise very fast at the moment. It is rising 25% every months on average. So the miners think the PoW will continue.

IncludeBeer

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Quote from: NanoPipe on August 26, 2016, 02:24:32 AM

Quote from: IncludeBeer on August 25, 2016, 09:03:47 PM

I mean....I know that the difficulty going up means more ppl are mining, means better decentralization, etc. But FUCK! Mining profits keep getting smaller and smaller! Angry

It just mean the mining will be concentrated into cheap electricity places like China. It happened to the btc mining.

No, I doubt that's the main cause. POS is coming soon, at least, too soon to invest a giant mining operation into Eth. More likely, it's a combination of difficulty bomb (by design), and more rigs being brought online/switched to Eth mining.

oneyesoneno

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Quote from: IncludeBeer on August 26, 2016, 06:17:41 PM

Epic TED talk, with Ethereum callout Cheesy

https://www.ted.com/talks/don_tapscott_how_the_blockchain_is_changing_money_and_business?utm_campaign=ios-share&utm_medium=social&source=email&utm_source=email

how interesting Cheesy

IncludeBeer

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Epic TED talk, with Ethereum callout Cheesy

https://www.ted.com/talks/don_tapscott_how_the_blockchain_is_changing_money_and_business?utm_campaign=ios-share&utm_medium=social&source=email&utm_source=email

thevictimofuktyranny

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Quote from: Momimaus on August 26, 2016, 04:33:27 PM

Quote from: thevictimofuktyranny on August 26, 2016, 02:27:55 PM

The blockchain is about 69.2GBs.

Get a faster internet provider - products will be released in the future for people living in very slow internet areas, I would guess.

And, use Ubuntu 16.04LTS.

Assuming you got a fast internet provider (surfing 100mbs per second speed and 17mbs download speeds) on Ubuntu 16.04LTS: the entire blockchain can be downloaded in 40 minutes.

The blockchain is 15GB

My mistake, the article says it was 29GB on the 26th of July 2016 - I misread the original article - the article was talking about people running dual blockchains for ETH and ETC needing over 60GB of storage space.

Here is the original article - for reference purposes.

http://cryptomining-blog.com/8162-ethereums-blockchain-data-getting-close-to-30gb/

However, the size of blockchain for storage actual depends on the client you are running.

For technical details look at this:

http://ethereum.stackexchange.com/questions/143/what-are-the-ethereum-disk-space-needs

And, whether you are storing the archive or the basic or fast or light versions of the blockchain.

Momimaus

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Never back down !!!

Quote from: thevictimofuktyranny on August 26, 2016, 02:27:55 PM

The blockchain is about 69.2GBs.

Get a faster internet provider - products will be released in the future for people living in very slow internet areas, I would guess.

And, use Ubuntu 16.04LTS.

Assuming you got a fast internet provider (surfing 100mbs per second speed and 17mbs download speeds) on Ubuntu 16.04LTS: the entire blockchain can be downloaded in 40 minutes.

The blockchain is 15GB

thevictimofuktyranny

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Activity: 1092

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Get a faster internet provider - products will be released in the future for people living in very slow internet areas, I would guess.

And, use Ubuntu 16.04LTS.

Assuming you got a fast internet provider (surfing 100mbs per second speed and 17mbs download speeds) on Ubuntu 16.04LTS: the entire blockchain can be downloaded in 40 minutes.

doktor1897

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is there any way to speed up the download blockhain for eth wallet ? Grin

roselee

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https://www.reddit.com/r/ethereum/comments/4zp2e0/whitehat_withdrawal_contract_update_and_next_steps/

its unbelievable
a complicated contract to keep ETC if the owner dont colect them in 6 month ?
are they kidding ?
do those lawyers really think thats there decition to make ?

wow if i am not picking up my money from a bank safe i lose it ?
are they kidding ?

gosh this sounds like theft again
wow
unbelievable

thevictimofuktyranny

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Quote from: Muhtaixa on August 26, 2016, 12:15:33 PM

Quote from: thevictimofuktyranny on August 26, 2016, 09:05:06 AM

A lot of strange posts on the ANN today, strange even by normal standards for bitcointalk ETC trolls:

The duration of POW period is: 18 million ETH, which finishes in Feb 2017!

This was in the crowdfunding prospectus, written out in internet articles and even appeared in journalistic articles by David Seaman at the Huffington Post.

How can anybody, unless they are a newbie, not have known this?

Vitalik discussed about phased process of introducing the PoS. So the Pow will last longer than expected.

Seems, strange for a Newbie account, to be making up stuff and posting it on this ANN!

What you are referring to - was the discussion about an early POS.

There was an active campaign, by some investors to bring in an early POS this Autumn and they argued the Ethereum Foundation could use the shortfall in the max supply to instigate higher POS rewards for a couple of years.

Therefore, you are confused by campaign groups lobbying for an early POS and the developers reticence (unwillingness) to bring the GPU POW too an end earlier, without upsetting these investors.

As you can see from this article on this blog:

http://cryptomining-blog.com/7401-ethereum-hardforking-to-homestead-at-block-1150000/

Even those guys were expecting GPU POW to finish early - even in February 2016 that group was promoting an ending too GPU POW as soon as possible.

And, from what I was reading, I did think GPU POW was going to be ending in September!

Yes, you are not alone, in being confused by it Cheesy

Mrpumperitis

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https://blog.bity.com/2016/08/26/whitehat-withdrawal-contract-update-and-next-steps/
https://www.reddit.com/r/ethereum/comments/4zp2e0/whitehat_withdrawal_contract_update_and_next_steps/?st=isc0tqu4&sh=07ac7465

Muhtaixa

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Quote from: thevictimofuktyranny on August 26, 2016, 09:05:06 AM

A lot of strange posts on the ANN today, strange even by normal standards for bitcointalk ETC trolls:

The duration of POW period is: 18 million ETH, which finishes in Feb 2017!

This was in the crowdfunding prospectus, written out in internet articles and even appeared in journalistic articles by David Seaman at the Huffington Post.

How can anybody, unless they are a newbie, not have known this?

Vitalik discussed about phased process of introducing the PoS. So the Pow will last longer than expected.

thevictimofuktyranny

legendary

Activity: 1092

Merit: 1004

A lot of strange posts on the ANN today, strange even by normal standards for bitcointalk ETC trolls:

The duration of POW period is: 18 million ETH, which finishes in Feb 2017!

This was in the crowdfunding prospectus, written out in internet articles and even appeared in journalistic articles by David Seaman at the Huffington Post.

How can anybody, unless they are a newbie, not have known this?

roselee

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Quote from: NanoPipe on August 26, 2016, 02:24:32 AM

Quote from: IncludeBeer on August 25, 2016, 09:03:47 PM

I mean....I know that the difficulty going up means more ppl are mining, means better decentralization, etc. But FUCK! Mining profits keep getting smaller and smaller! Angry

It just mean the mining will be concentrated into cheap electricity places like China. It happened to the btc mining.

ETH goes to POS miners wont be needed anymore. the diff bomb was implimented so devs are forced to code faster and acomplish POS? to get rid of miners ?

NanoPipe

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Quote from: IncludeBeer on August 25, 2016, 09:03:47 PM

I mean....I know that the difficulty going up means more ppl are mining, means better decentralization, etc. But FUCK! Mining profits keep getting smaller and smaller! Angry

It just mean the mining will be concentrated into cheap electricity places like China. It happened to the btc mining.

estenity

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Activity: 1928

Merit: 538

Quote from: malekbaba on August 25, 2016, 12:24:33 AM

Quote from: Mrpumperitis on August 24, 2016, 09:51:01 PM

In the past we didnt know whats going on and let the elders lead the way...
now after 7 years we have become wiser and we are becoming the new elders...
who wouldve thought that all of us would be leading the next finanacial revolution Shocked

welldone satnak Wink

not even once in a lifetime people have had an opportunity like this, Wink

many many generations pass before the next worldwide financial change.
in under 7days, we could show the world that we are ready for the next big step up and lead us to the next stage of financial evolution, where internet is everywhere, on everything......

WELCOME TO THE NEW WORLD...
OUR WORLD....
WELCOME TO ETHEREUM

share the news you have. please. People are tired of ETH/ ETC/ DAO debate. people wants peace. With the time being, people are losing faith on ETHEREUM and its foundation

it seems that japanese banks as well as other international banks are now ready to use cryptocurrencies (ripple and others) for themselves at a large scale ...

https://www.sovereignman.com/trends/four-more-mega-banks-join-the-anti-dollar-alliance-20120/
https://www.sovereignman.com/trends/barack-obama-may-have-finally-destroyed-americas-1-advantage-20115/

IncludeBeer

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I mean....I know that the difficulty going up means more ppl are mining, means better decentralization, etc. But FUCK! Mining profits keep getting smaller and smaller! Angry

Mrpumperitis

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https://www.cryptocoinsnews.com/santander-backs-ethereum-gold-sponsorship-devcon2/

thevictimofuktyranny

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Quote from: Mrpumperitis on August 25, 2016, 03:39:00 AM

Quote from: thevictimofuktyranny on August 25, 2016, 03:32:37 AM

Quote from: Mrpumperitis on August 25, 2016, 03:22:59 AM

http://www.newsbtc.com/2016/08/25/ethereum-receives-new-wallet-release-integration-coinbase-buy-widget/
The Ethereum Foundation, the main entity behind the development of the Ethereum protocol, made available a new version of the cryptocurrency's wallet and Distributed application's browser, Mist.
The main new feature of this Ethereum Wallet release is the inclusion of the Coinbase Buy Widget (a quick FIAT gateway that allows the instant purchasing of up to $5 worth in cryptocurrency ). The Coinbase buy widget has been making its way into several services and apps, like Decentral’s multi-wallet Jaxx.

For now, the offer is limited to United States residents, and the widget requires the creation of a Coinbase account for first-time clients, Alex Van de Sande, lead designer for the Ethereum foundation, said:
As Coinbase adds more markets, they will be added to the wallet, and we are looking into how we can use their bank transfers integration to allow unlimited daily amounts. We are not getting any fees or compensation for this (unlike our ShapeShift affiliate program which sends about 0.25-0.4% to the Ethereum Tip Jar) but we are very excited to see another adoption barrier being taken down. We thank the Coinbase team for their help making this a reality.

Tongue

Yelp,

You can buy Ethereum with your Coinbase account, in the UK with debit card currently - quite handy really!

Though it works out to be 3% above the market price.

Fluctuations in BTC cash price are the key component to watch out for

true and i agree its very handy

But this means its actually built into the ETH wallet, making this much more simpler for new users....

hope your wearing your spaceboots Wink

That's, not really the interesting aspect.

The real noteworthy aspect of the Coinbase listing is:

Will it produce a larger consolidation of Ethereum holdings towards the European and the American regions in the long run.

Topic: [ANN] Ethereum: Welcome to the Beginning - page 769. (Read 2007101 times)