Changes in Ethereum Fork | Bitcointalksearch.org

Nole32

newbie

Activity: 21

Merit: 0

Quote from: Red-Apple on September 26, 2017, 10:29:11 AM

this new fork of ethereum changes the whole system. it will no longer be Proof of Work (PoW) but instead it will be Proof of Stake (PoS). and this means you can no longer mine ethereum and all those who have already invested in some mining equipment are screwed because they either have to sell or mine something else.

and what happens is that those who have more ETH will earn more now because they will be rewarded more. like the Ethereum foundation who is holding the premined 72 million ETH tokens.

That is totaly wrong. Eth will be mineble for at least a year

mmo4me.2016

sr. member

Activity: 812

Merit: 256

When will it happen? Ethereum Fork
Where i can see more info about Ethereum Fork
Thanks

coinhill224

newbie

Activity: 4

Merit: 0

Quote from: Red-Apple on September 26, 2017, 10:29:11 AM

this new fork of ethereum changes the whole system. it will no longer be Proof of Work (PoW) but instead it will be Proof of Stake (PoS). and this means you can no longer mine ethereum and all those who have already invested in some mining equipment are screwed because they either have to sell or mine something else.

and what happens is that those who have more ETH will earn more now because they will be rewarded more. like the Ethereum foundation who is holding the premined 72 million ETH tokens.

Well, there might be some controversy about the transition to PoS, but in my opinion it is for the good in long term. PoW is unsustainable. There are already gigawatts of electricity wasted to mine Bitcoin and other cryptos, which is, frankly speaking, stupid, if it can be done in another way (such as PoS).

Red-Apple

hero member

Activity: 1470

Merit: 655

this new fork of ethereum changes the whole system. it will no longer be Proof of Work (PoW) but instead it will be Proof of Stake (PoS). and this means you can no longer mine ethereum and all those who have already invested in some mining equipment are screwed because they either have to sell or mine something else.

and what happens is that those who have more ETH will earn more now because they will be rewarded more. like the Ethereum foundation who is holding the premined 72 million ETH tokens.

000JC88

full member

Activity: 159

Merit: 100

Can someone write in short the problems will solve the new fork of Eth and what new will have?

Topic: Changes in Ethereum Fork (Read 299 times)