Topic: [ANN] Ethereum: Welcome to the Beginning - page 777. (Read 2007101 times)

Honestly bitpop...at first I thought you just another die-hard ETC supporter who likes to run his mouth because *shrug*.  Then I realized you actually created the ETC ANN OP.  How in the world can someone who is supposed to represent (and advocate for) a coin consistently talk shit about the competition?  Surely you realize how bad this makes not only you look, but ETC look, in the eyes of others.  If I were an ETC supporter and advocate, I'd be quite embarrassed knowing you're out there typing away....

I've been doing some more research for benefits of GPU miners and investors in ETH and Ethereum Network.

Many people have been citing misleading data, from past events in crypto-currency history.

There favourite citation is: Litecoin - it was $15 in the 1st quarter of 2014, but then hit a low of $1.50 in the quarter of 2015.

This researched post is too disprove the citation of Litecoin having any relevance to ETH.

At the beginning of the 1st quarter of 2014, Litecoin was being mined with GPUs and miners had invested over $50 million in GPUs to mine Litecoin with their Cash savings.

At the beginning of the 2nd quarter of 2014: new ASIC mining hardware appeared for the Scrypt algorithm.

GPU owners, having spent their Cash savings on GPUs, had no choice, but to spend their LTC on new ASIC mining hardware. At the time, Litecoin was producing $150 million of LTC per annum at a coin price of $15.

1st ASIC miner was Gridseed Orb - many batches sold at $50-$40 per a unit for many months - total estimated value unknown?

2nd ASIC miner was Gridseed Blade - many batches sold at $1600 per a unit for many months - total estimated value unknown?

3rd ASIC miner was Zeus Blizzard - many batches sold at $179 per a unit for many months - total estimated value unknown?

4th ASIC miner was Innosilicon A2 Terminator $2499 - A2 Mini $789 many batches sold - total estimated value unknown?

5th ASIC miner was KnCMiner, many batches sold at $10,000 - a couple of batches sold - total estimated value unknown?

Not to mention various other Scrypt ASIC mining hardware, that did not make it into the mainstream retail.

Consequently, in the space of 12 months, the people mining Litecoin spent in the region of $100 million on new ASIC hardware, which they financed by selling their Litecoins!

And, the very same people had previously spent over $50 million on GPUs.

Therefore, approximately they spent $150 million on mining equipment in one single year.

Yelp, people were bat s**t crazy for ASIC Scrypt mining hardware in 2015  

Naturally, it is mathematically impossible for this to happen on Ethereum Network - ETH is going to POS in Feb 2017

There is less than 7 million ETH left in the POW period!

Litecoin history will not be applicable or repeatable for ETH and Ethereum Network

We look forward to Pampa.

Still helping ETH price and hurting ETC i see.
You still dont get this?
And i guess you are surprised to see the ETC volume has gone from 150k volume to 4K.......
New ETC price roof is now at .003.

You are making ETC become the biggest failure in modern coin times.

no it doesn't:

http://nakamotoinstitute.org/mempool/ethereum-is-doomed/

have you gone crazy...as the weeks have passed your messages are showing something is not right with you...are you ok bro?
are you sure someone hasnt spiked your shwarma lol

Ethereum will be a laughing stock when they release the Radeon network with 200 billion transactions per second and realize there are no transactions because no one uses the shitcoin.

Developers will want to work with ETH because it works for the real world.
Forks will happen a few more times until the tech is fully developed.
Copyrights and trademarks is what gd developers need.

if it were upto you crypto would still be at its infancy and never be allowed to mature because you would scare away anyone that wants to protect their ideas and hard work.
You would expect them to innovate for free and let you steal their ideas forever...

Does it mean that the Ethereum classic cannot use the name Ethereum in the future? It might change to something else?

Developers cannot develop on ethereum because eth will enforce forks, copyrights and trademarks.

Here is first daily timber report generated by BVRio! 
http://etherscan.io/address/0xc723d744dd32780c6f5cef4705e99919e77879d7

The time is near to get in or be left behind forever....Ethereum(ETH) is about to set a new standard for ALL cryptocoins inc BTC.

We are under 2weeks away from Raiden and trust me there is alooooooooot of fuel stored ready to take this beyond $25 overnight....

I've been doing some, for the fun of it, benchmarking of Ethereum Network's Hardware and Implementation.

Done on old PC, running an old Phenom 920 triple core processor.

Operating System: Ubuntu 16.04 LTS.

London's Cable Network provider with surfing speeds of 100mbs per second and download speeds up to 17mbs per second.

The entire 60GB plus blockchain for Ethereum Network can be downloaded in just 40 minutes.

As a comparison with the ETC Network.

There entire 60GB plus blockchain for ETC has taken 420 minutes (7 hours) to download.

Yelp, the Hardware and Implementation on Ethereum Network is 10 times faster than the ETC Network!

https://etheres.com

Just a reminder that our 0% fees promotion is still running till the end of October! We have found over 75 blocks so far, and over 500 payments have been sent.

So what are you all waiting for? Come and join us and mine some Ethereum!

I remember when this came out. I read almost 80 pages, I was ready to invest, join the email thing for ICO update, then left bitcointalk because work was taking so much time. Never got an email and never got to invest in Ethereum. 

https://www.youtube.com/watch?v=r1VK8BLf5Ls
Rouleth : How to play on Chrome with MetaMask
Published on 14 Aug 2016
The Next Step in The Ðapp RΞvolution is HERE : Leave Your Wallets Behind !
Rouleth is now fully web3 compatible, you can now play with Metamask plugin for Chrome.
No more copy pasting of transaction data, no more alt tabing.
Just a real gaming experience, fully integrated with the blockchain !

https://www.reddit.com/r/ethtrader/comments/4xu94r/rouleth_how_to_play_on_chrome_with_metamask/?st=irzfpo3t&sh=731e35d8

http://www.rouleth.com/

ive actually made a few ETH from this...so far im impressed, welldone Team Rouleth 

ETHF is a dead coin now. There is no external inflow of fiat or bitcoin and it will continue to bleed until the collapse. Only chance for ethereum to succeed if Foundation recognize mistake they made and revert to original classic chain.

I would like to welcome myself to the ANN thread for the Central Bank of Cryptocurrency.

Keep doing you ETHf. The mightiest bubble in all of cryptography.

Looking at the ETH BTC price chart and ETH Dollar conversions  - since February 2016, you can see the has not been persistently below 0.015; any prediction about this BTC price appears to be very unrealistic.

http://coinmarketcap.com/currencies/ethereum/

Since February 2016, Ethereum has only traded at BTC price of (persistently) 0.015 on 2 occasions.

1) July: About $10.60 = BTC was trading around $746 per coin
2) August: About 8.38 = BTC was trading around $583 per coin

However, looking at the chart again:

http://coinmarketcap.com/currencies/ethereum/

It is good guide of persistent prices, e.g. a price that lasted for many hour of trading, not micro movements that for 1-2 hour, which people can get fixated by.

However, as counter balance, since Feb 2016.

Ethereum has hit a peak BTC price above 0.033 on 2 occasions as well!

1) March, $15.15 = BTC trading around $415 per coin
2) May, $14.56 = BTC trading around $440 per coin

And, the record high dollar price for Ethereum:

1) June, $21.40, when BTC was trading around $774 per coin

Consequently, you wouldn't want to be making BTC price predictions on Ethereum, unless you'd want your reputation to be trash on this ANN

Yes, I also believe more in naivety. Nobody can deny that VB is very smart and I believe he is truly a visionary. But he is also young and unexperienced. Three years ago he just was 19.

The problem I believe to see is: Maybe he is somebody who is so convinced about his abilities, so self-confident when he thinks about his visions as theoretical possibilities that he can't distinguish between "theoretically possible" and "doesn't match to reality now". I'm not sure how to explain it in english but it can be a problem. And of course it's pure speculation. But I personally always was very uncertain about Ethereum because for me it all seems like a laboratory, like a playground for nerds. And many are very skilled regarding the tech but there must be something like megalomania (in general) and they rush things out. Again and again, just to do it. That's not just a guess because theDAO made that obvious. And the problem in Crypto is: It's never just about the tech. It's a very psychological space because it's about the combination of tech and economy. In fact it's about solving collective social problems, human-psychological-problems, with technology. And that's a reason why it's overwhelming for a lot of very skilled coders, because they focus too much on the technology while they miss the psychological part. Or more precise: They believe to consider it, but it's not deep enough.

And that's a reason why I personally believe more in people with a lot of experience who act with more patience and more cautiousness, like Maid or Factom or also Bitcoin-Core - even if I'm not convinced that Bitcoin-Core is right.

And I believe VB will be a very big name in some years and also very successful. I also believe he is a good guy without bad intentions. But I don't believe that it will be about Ethereum. Maybe they've made too many steps into a direction that won't work in reality but can't be solved.