Could unlucky ETH miners loose all your wealth runnign new Caspar betting PoS?

Tacalt

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Quote from: Kalder on February 21, 2016, 05:18:57 AM

Quote from: hv_ on February 20, 2016, 02:09:53 PM

If I understand it right, new Casper design is based on betting and unlucky miners might end up in loosing money, not earning as usually expected. So without a proper risk management your wealth (coins) is really exposed?

And if so, who really wants to do that?

Yes. We have to think about the future of our graphics card after the mining stage. The hashing rate is 760GH, that is equal to 34,000 280x cards.

The network hash rate is 1260GH/s now. That is just 21 days from the last post. That is 65% in 21 days, or 105% in 30 days.

Kalder

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The Decred is quite profitable to mine at the present. The profitability is similar to that of the Ethereum. I hope that mining will last longer.

Batmain

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Quote from: Kalder on February 21, 2016, 05:18:57 AM

Quote from: hv_ on February 20, 2016, 02:09:53 PM

If I understand it right, new Casper design is based on betting and unlucky miners might end up in loosing money, not earning as usually expected. So without a proper risk management your wealth (coins) is really exposed?

And if so, who really wants to do that?

Yes. We have to think about the future of our graphics card after the mining stage. The hashing rate is 760GH, that is equal to 34,000 280x cards.

If these graphics cards are used for other mining, it will raise the difficulty of those coins dramatically. There will not be profitable mining left.

hv_

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Clean Code and Scale

Quote from: adaseb on February 20, 2016, 06:55:45 PM

Quote from: hv_ on February 20, 2016, 04:11:45 PM

Quote from: Panadacoin on February 20, 2016, 03:21:19 PM

Where can I read the information about all of this?

https://www.youtube.com/watch?v=StMBdBfwn8c

Too long to watch. Can somebody just sum it up for me?

Point 4 ..... Negative Return ...

https://blog.ethereum.org/2016/03/05/serenity-poc2/

So you have to be a realistc validator (?) to be profitable.
Anyone volunteer to calc the risks out rigorously?

Huh

Kalder

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Activity: 168

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Quote from: hv_ on February 20, 2016, 02:09:53 PM

If I understand it right, new Casper design is based on betting and unlucky miners might end up in loosing money, not earning as usually expected. So without a proper risk management your wealth (coins) is really exposed?

And if so, who really wants to do that?

Yes. We have to think about the future of our graphics card after the mining stage. The hashing rate is 760GH, that is equal to 34,000 280x cards.

adaseb

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Activity: 3808

Merit: 1723

Quote from: hv_ on February 20, 2016, 04:11:45 PM

Quote from: Panadacoin on February 20, 2016, 03:21:19 PM

Where can I read the information about all of this?

https://www.youtube.com/watch?v=StMBdBfwn8c

Too long to watch. Can somebody just sum it up for me?

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: Panadacoin on February 20, 2016, 03:21:19 PM

Where can I read the information about all of this?

https://www.youtube.com/watch?v=StMBdBfwn8c

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

I CBA to find the source but I read that while it's possible it's very unlikely. You basically have to bet against the whole network for it to happen.

Panadacoin

sr. member

Activity: 296

Merit: 251

Where can I read the information about all of this?

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

Quote from: bathrobehero on February 20, 2016, 02:13:35 PM

Staking and mining are both minting methods but staking is not mining.

So then the risk is in staking. Still, could that reduce your stake to 0?

bathrobehero

legendary

Activity: 2002

Merit: 1051

ICO? Not even once.

Staking and mining are both minting methods but staking is not mining.

hv_

legendary

Activity: 2534

Merit: 1055

Clean Code and Scale

If I understand it right, new Casper design is based on betting and unlucky miners might end up in loosing money, not earning as usually expected. So without a proper risk management your wealth (coins) is really exposed?

And if so, who really wants to do that?

Topic: Could unlucky ETH miners loose all your wealth runnign new Caspar betting PoS? (Read 923 times)