Avoid getting scammed miners | Bitcointalksearch.org

FP91G

legendary

Activity: 1834

Merit: 1131

Quote from: Outhue on August 09, 2022, 04:24:58 AM

Be careful out there miners, I went to coinmarketcap this morning and I noticed that ETHPoW ( IOU ) is already listed and trading on MXC and Poloniex and this coin has 10 million dollars volume available..

https://coinmarketcap.com/currencies/ethereum-pow/

I believe this is nothing but a shit ethereum because the merge is still far away, forks don't happen before the countdown

ETHPoW ( IOU ) are futures. When Ethereum owners can get their coins and send them to exchanges, the price of this coin will fall.
The price was around 125 dollars and has already dropped to 73. If the price does not fall much, then we can still mine this coin
https://www.mexc.com/exchange/ETHW_USDT

Widdop37

member

Activity: 130

Merit: 11

The project looks half-baked as of right now so do not point your miners to the coin to avoid sorry stories later, if that's the next Ethereum to start mining it will be worthless in no time, I think we are good with Ethereum Classic instead of this.

sxemini

member

Activity: 1558

Merit: 69

But it is true. Poloniex started trading this new ETHPow this month, and ETHPow get support from justin sun for example:

https://cryptonews.com/news/justin-sun-poloniex-back-plan-create-pow-ethereum-hard-fork.htm

But year no whitepaper, no real informations on their homepage, so many redflags in my opinion but many people think this is good or real.

No one need this shit coin - mine ETC after the merge if you want, this makes more sense - ETC is the original ETH so no need for ETHPoW or how this shit is called.

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

no white paper available, no information on their website... https://ethereumpow.org/
Plus they have a bunch of icons from exchanges like binance or huobi despite this coin is not listed there.

Ok there is a disclaimer "DYOR", but I am very surprised that exchanges and CoinMarketCap are listing such kinds of coin Roll Eyes

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Vvang

jr. member

Activity: 38

Merit: 18

IOU stands for "I owe u", its like a debt that one party owes the another, there is already ETHPoS as well on CMC ranked #2797 with seven million plus trading volume and its listed on gate io, at this point I believe the forks are real since they are in IOU form, those exchanges listed are going to support the fork but I advice against buying any one of these IOU.

Outhue

sr. member

Activity: 686

Merit: 403

Be careful out there miners, I went to coinmarketcap this morning and I noticed that ETHPoW ( IOU ) is already listed and trading on MXC and Poloniex and this coin has 10 million dollars volume available..

https://coinmarketcap.com/currencies/ethereum-pow/

I believe this is nothing but a shit ethereum because the merge is still far away, forks don't happen before the countdown

Topic: Avoid getting scammed miners (Read 113 times)