When the mining ethereum is not profitable anymore, the miners will move to mine something more profitable like Blockchain AI.
https://www.youtube.com/watch?v=SVcsDDABEkM
Happy mining,
Topic: Eth 2.0 can be delayed to 2024... (Read 2626 times)
If I understand correctly you aren't really saying there's a bigger chance they dump but if they do hodlers can't jump on the selling
bandwagon and will be left hodling the bag. Dumping the premined would be a disater POS or not.
For full disclosure I've never mined or owned any Eth.
bandwagon and will be left hodling the bag. Dumping the premined would be a disater POS or not.
For full disclosure I've never mined or owned any Eth.
think of the leverage that at least 57 million premined dirt cheap coins have over 15 million expensive frozen coins.
Pos simply is so underfunded here it is a joke.
at best the ratio of cheap premined coins to pos coins is 57 to 15
and that would mean not a single mined coin was staked.
so the 'cheap' premined coin mix and pos and mined ratio could be
57-15-50 every pos coin came from the premined coins not likely
some ratio in between most likely
72-15-35. every premined coin was held which is not likely
none of the above offer much strength for the frozen pos coins. they are simply out numbered by a huge amount.
well we are tick tock a little bit closer to the next step.
If I understand correctly you aren't really saying there's a bigger chance they dump but if they do hodlers can't jump on the selling
bandwagon and will be left hodling the bag. Dumping the premined would be a disater POS or not.
For full disclosure I've never mined or owned any Eth.
bandwagon and will be left hodling the bag. Dumping the premined would be a disater POS or not.
For full disclosure I've never mined or owned any Eth.
Exactly.I don't know who will be the stupid ones staking Eth coins when we all know that PoS has never worked for any other coin compared to PoW coin which has a group of people mining it every day.What will PoS offer,that staking which I highly doubt it will bring benefits to the people who stake their coins.I think only developers of Eth and people who do not know what they are doing can go ahead and stake their coins.
I have always mined Eth yet I have 0 as I always have opted to receive the payout in Bitcoin which for me remains the best crypto to keep as a store of value or exchange it when you need.
If I understand correctly you aren't really saying there's a bigger chance they dump but if they do hodlers can't jump on the selling
bandwagon and will be left hodling the bag. Dumping the premined would be a disater POS or not.
For full disclosure I've never mined or owned any Eth.
bandwagon and will be left hodling the bag. Dumping the premined would be a disater POS or not.
For full disclosure I've never mined or owned any Eth.
there were almost 72 million premined coins.
their original cost was only 14 million.
did you ever go back and look at the premined coins.
who holds them? 60 million were purchased for i believe 13.8 million
and 12 million were issued to developers.
at least 72-15= 57 million are fully liquid.
they can be sold at anytime. it really means the owners of those cheap coins if they held them are the actual controllers of eth.
not the staked 15 million coins. the staked coins are in a very vulnerable spot. as compared to the at least 57 million premined coins not staked and held by ‘i don’t know do you’
I feel sorry for those that fully staked at 3 or 4 k a coin. they are down over 35-65k as i type with no way to cash out for a real long time.
while those 57 million premined coins are nice and liquid.
oh well.
full disclosure i have a small amount stake.
and over 10gh in eth mining gear.
so I bet on mining.. with a small hedge
What about POS could trigger dumping the premined? Most of them are probably held by the principals who govern Eth.
I see them probably going into lockup to earn rewards.
I don't see the risk any greater than large amounts of currency held in reserves.
Okay you staked 32 coins you mined them and when you staked them they were worth 2 grand each for a 64k total.
OG eth guy got in premined and is stillholding 1000 coins
he paid about 23 cents a coin. he got 3000 coins for 690 usd back in 2015
he did 2 sales prior 1000 coins at 1000 = 1 million
1000 coins at 4000 = 5 million
he is down to his last 1000 coins
they are liquid repeat
they are liquid repeat
they are liquid and so on and so forth
He already scored twice and is primed to score again.
Please remember what those 1000 coins cost him only $230
BUT you are in with your 32 x 2000 = 64000 cost investment which is down about 7000
and you are not liquid
he is liquid and can hodl or not hodl
you must hodl for more than a year.
SO he says I will wait til 1 month before the stupid pos suckers are liquid and sell off.
and the stupid pos suckers get crushed as the frozen pos eth gets released after it has crashed and burned.
People that staked at 2000 or 3000 or 4000 will be crushed.
It is pretty much written in the plan. I am spelling the plan out to you.
Now if the pos coins staked were more like 35 or 45 million maybe it works.
Just think of it like this. why not stake your cheap premined coins. We all can see it is obvious they are not being staked
60+12 = 72 million is huge compared to 15 million staked.
so the in the know guys are keeping them liquid are they not?
Man will this be fun to watch it burn.
BTW I am philipma1957 alt account.
and I do have far more bet on gear than staking.
over $10,000 in gpus vs $300 staked at coinbase.
Or maybe they blink
august 11th
is a chance to see a blink correct?
there were almost 72 million premined coins.
their original cost was only 14 million.
did you ever go back and look at the premined coins.
who holds them? 60 million were purchased for i believe 13.8 million
and 12 million were issued to developers.
at least 72-15= 57 million are fully liquid.
they can be sold at anytime. it really means the owners of those cheap coins if they held them are the actual controllers of eth.
not the staked 15 million coins. the staked coins are in a very vulnerable spot. as compared to the at least 57 million premined coins not staked and held by ‘i don’t know do you’
I feel sorry for those that fully staked at 3 or 4 k a coin. they are down over 35-65k as i type with no way to cash out for a real long time.
while those 57 million premined coins are nice and liquid.
oh well.
full disclosure i have a small amount stake.
and over 10gh in eth mining gear.
so I bet on mining.. with a small hedge
What about POS could trigger dumping the premined? Most of them are probably held by the principals who govern Eth.
I see them probably going into lockup to earn rewards.
I don't see the risk any greater than large amounts of currency held in reserves.
I remember all the PoW miners fud with their talk about how when ETH comes close to the PoS merge, ETH price will drop, lol.
Miners certainly have a different "perspective" than investors. It's the investers that matter, we're just the unskilled labour
in the equation.
From an investment point of view the issue seems to be the reduced circulation caused by the POS lockup. Comparing it to the fixed income
market, capital raised by bonds stays in circulation.
now there is a second angle to it.
only 15 million coins are locked.
there were almost 72 million premined coins.
their original cost was only 14 million.
did you ever go back and look at the premined coins.
who holds them? 60 million were purchased for i believe 13.8 million
and 12 million were issued to developers.
at least 72-15= 57 million are fully liquid.
they can be sold at anytime. it really means the owners of those cheap coins if they held them are the actual controllers of eth.
not the staked 15 million coins. the staked coins are in a very vulnerable spot. as compared to the at least 57 million premined coins not staked and held by ‘i don’t know do you’
I feel sorry for those that fully staked at 3 or 4 k a coin. they are down over 35-65k as i type with no way to cash out for a real long time.
while those 57 million premined coins are nice and liquid.
oh well.
full disclosure i have a small amount stake.
and over 10gh in eth mining gear.
so I bet on mining.. with a small hedge
I remember all the PoW miners fud with their talk about how when ETH comes close to the PoS merge, ETH price will drop, lol.
Miners certainly have a different "perspective" than investors. It's the investers that matter, we're just the unskilled labour
in the equation.
From an investment point of view the issue seems to be the reduced circulation caused by the POS lockup. Comparing it to the fixed income
market, capital raised by bonds stays in circulation.
I have a feeling that if we get some arbirtage opportunies in Sept with people longing ETH (before fork) and shorting Sept futures, it can give us a hint of a possible value for ETH-POW fork pretty much.
Similar to what happened with that OMG last year. We had people longing OMG on spot markets and they shorted the perps/futures just to get the free airdrop. I am thinking we see something with ETH as we get closer and closer to the date.
Similar to what happened with that OMG last year. We had people longing OMG on spot markets and they shorted the perps/futures just to get the free airdrop. I am thinking we see something with ETH as we get closer and closer to the date.
Maybe this spark will happen and bold people will take profit from such opportunity,personally though I am extremely confident that after the difficulty bomb is dropped the way for Ethereum price will only be south.
Sure it may not be this way in the first weeks after the difficulty bomb is dropped but soon after that time,until the market absorbs fully this news,Ethereum will have a lot of difficulty in keeping the price at the levels we see it right now.As I said I find it really difficult for PoS coin to do better than a PoW one.
here is what kills them.
today there is about 1 ph of hash which is 1000 th which is 1,000,000 gh which is 1,000,000,000 mh
1,000,000,000 x 0.023 usd = 23,000,000 a day income generated minus costs to make it about 6,000,000 so 17 million a day which goes poof for miners
and 6 million a day which goes poof for power companies all vanishes.
Not to mention mobos
psus.
gpus.
ssds.
usb sticks.
all goes poof. so the 23 million a day churning day after day acts like 40 million a day or more all burnt.
what comes back
lets see. 15 million coins at 1700 = 25,500,000,000 earns 4.5% in a year = 1,147,500,000 in earnings /365 = 3,143,835
so you drop the unchurned number from 23 million a day to 3 million a day
andddd the 23 million now is working and churning as I type.
the staked 3 million a day stays frozen with no access for over a year.
I smell a huge fucking disaster the best ever in the world of crypto it should be wonderful to see. it happen.
Or maybe just maybe ETH blinks and delays to Jan or Feb 2023
The game will soon be over the ETH PoW miners and they keep crying about 'my loss in all of my investment at GPUs, Mobo,...' Want to play a safe game in cryptos? 100% guaranteed of ROI and profit after that? The line keeps going up forever just by buying this GPU and mining, taking profit and repeat?
Why it was so hard to get the ETH PoW miners to understand ETH isn't just existed for your guys, the miners? That your guys goal ain't align with the majority of ETH holders anymore.
Do you really think mining won't end this year?
An important testnet on the Goerli blockchain is coming soon. If everything goes well, then in September the promise of the developers to complete the mining may take place.But you correctly said that the supply of new coins will be stopped.
An important testnet on the Goerli blockchain is coming soon. If everything goes well, then in September the promise of the developers to complete the mining may take place.But you correctly said that the supply of new coins will be stopped.
I have a feeling that if we get some arbirtage opportunies in Sept with people longing ETH (before fork) and shorting Sept futures, it can give us a hint of a possible value for ETH-POW fork pretty much.
Similar to what happened with that OMG last year. We had people longing OMG on spot markets and they shorted the perps/futures just to get the free airdrop. I am thinking we see something with ETH as we get closer and closer to the date.
Similar to what happened with that OMG last year. We had people longing OMG on spot markets and they shorted the perps/futures just to get the free airdrop. I am thinking we see something with ETH as we get closer and closer to the date.
Maybe this spark will happen and bold people will take profit from such opportunity,personally though I am extremely confident that after the difficulty bomb is dropped the way for Ethereum price will only be south.
Sure it may not be this way in the first weeks after the difficulty bomb is dropped but soon after that time,until the market absorbs fully this news,Ethereum will have a lot of difficulty in keeping the price at the levels we see it right now.As I said I find it really difficult for PoS coin to do better than a PoW one.
here is what kills them.
today there is about 1 ph of hash which is 1000 th which is 1,000,000 gh which is 1,000,000,000 mh
1,000,000,000 x 0.023 usd = 23,000,000 a day income generated minus costs to make it about 6,000,000 so 17 million a day which goes poof for miners
and 6 million a day which goes poof for power companies all vanishes.
Not to mention mobos
psus.
gpus.
ssds.
usb sticks.
all goes poof. so the 23 million a day churning day after day acts like 40 million a day or more all burnt.
what comes back
lets see. 15 million coins at 1700 = 25,500,000,000 earns 4.5% in a year = 1,147,500,000 in earnings /365 = 3,143,835
so you drop the unchurned number from 23 million a day to 3 million a day
andddd the 23 million now is working and churning as I type.
the staked 3 million a day stays frozen with no access for over a year.
I smell a huge fucking disaster the best ever in the world of crypto it should be wonderful to see. it happen.
Or maybe just maybe ETH blinks and delays to Jan or Feb 2023
I have a feeling that if we get some arbirtage opportunies in Sept with people longing ETH (before fork) and shorting Sept futures, it can give us a hint of a possible value for ETH-POW fork pretty much.
Similar to what happened with that OMG last year. We had people longing OMG on spot markets and they shorted the perps/futures just to get the free airdrop. I am thinking we see something with ETH as we get closer and closer to the date.
Similar to what happened with that OMG last year. We had people longing OMG on spot markets and they shorted the perps/futures just to get the free airdrop. I am thinking we see something with ETH as we get closer and closer to the date.
Maybe this spark will happen and bold people will take profit from such opportunity,personally though I am extremely confident that after the difficulty bomb is dropped the way for Ethereum price will only be south.
Sure it may not be this way in the first weeks after the difficulty bomb is dropped but soon after that time,until the market absorbs fully this news,Ethereum will have a lot of difficulty in keeping the price at the levels we see it right now.As I said I find it really difficult for PoS coin to do better than a PoW one.
I have a feeling that if we get some arbirtage opportunies in Sept with people longing ETH (before fork) and shorting Sept futures, it can give us a hint of a possible value for ETH-POW fork pretty much.
Similar to what happened with that OMG last year. We had people longing OMG on spot markets and they shorted the perps/futures just to get the free airdrop. I am thinking we see something with ETH as we get closer and closer to the date.
Similar to what happened with that OMG last year. We had people longing OMG on spot markets and they shorted the perps/futures just to get the free airdrop. I am thinking we see something with ETH as we get closer and closer to the date.
Eth 2.0 and the merge are two different things
The difficulty bomb is set to explode in september, but it could be extended.. The POS founds are not released until 2024..
for noobs; The difficulty bomb will end the POW mining of ethereum, and not the Merge
Yes but once this difficulty bomb is dropped basically all of us miners are out and it is the end of Ethereum mining,we don't really care much what will happen to Ethereum after that,that is why I always have opted to receive my mining payouts in Bitcoin or other crypto as I know if the difficulty bomb is dropped then the life and price of Ethereum can only be miserable.I don't know any PoS coin who has had a huge success like for example Ethereum is having in PoW from 2016 when it first came out.Stupid move by Butekin and co.
Eth 2.0 and the merge are two different things
The difficulty bomb is set to explode in september, but it could be extended.. The POS founds are not released until 2024..
for noobs; The difficulty bomb will end the POW mining of ethereum, and not the Merge
Eth 2.0 and the merge are two different things
I don't know if this is a true news but I saw at investing.com that were listing an article at cointelegraph if I am not mistaken that the Eth 2.0 is just one test merge away but the final implementation will only be made in late 2023,meaning that mining Ethereum will continue for at least 1.5 more years approximately.
I think people that bought cards during these last couple of months at a discount compared to the really expensive prices before made relatively a good deal.I was waiting for the prices to go down further but unfortunately it seems like this is not the right choice based on the above news.
I think people that bought cards during these last couple of months at a discount compared to the really expensive prices before made relatively a good deal.I was waiting for the prices to go down further but unfortunately it seems like this is not the right choice based on the above news.
LOL
The problem with todays POW is that the work performed is not used to anything. What you need is a coin that can combine machine learning / AI POW into a blockchain. The 19 september will be the end of Ethereum mining, but a new beginning with the intelligent POW.
Then Ethereum should be ready to lose its 2nd rank on coinmarketcap because its getting way too long and the more delays the more better ETH killer will be made, maybe, just maybe an ETH killer will become a reality this time around.
After Ethereum's planned brutal attack on POW it will lose it's 2nd rank anyway.
Ethermine.org POS Staking https://ethpool.org/
Also His Team Black Miner is just a miner for Ethereum and Ethereum Classic so maybe he is supporting mining ETC AFTER The Merge
DYOR
all the info fron your f2 pool link dates to 2021
so if they are in favor why did they not do a single article in 2022.
the link from ethpool.org does say they are taking in staking and paying 4.25%
so it means they are hedging just in case it does go pos.
so your research is at least suspect.
Simple math
1 mh earns 0.0228 usd
ethpool.org
has 259.5 th that is 5,926,600 usd earned each day
and the pool only has 23 million staked or 4 days of
mining.
so 4/60 = 1/15 if we turn in 2 months
4/365 = 1/90 if we turn in a year.
support looks very very very slim to me,
not I am philipma1957 alt I quoted then deleted my philipma1957 post.
So once again the amounts staked are tiny compared to mining earnings
If you have 23 dollars STAKED and it earn 4% in a year it is only 23.92 assuming eth does not crash in price
AND CAN EARN 23 IN 4 days you would rather be earning the 23 in 4 days
vs 92 cents in a year.
btw us I bond are paying 9% from now til october
only a madman would dump 32 eth need to stake when they can buy 20k in an i bond and get 9% for the next 3 months and I am sure the bonds will pay at least 5 % from oct to may as inflation is not going to drop much in the next few months.
the miners on ethpool will desert eth in droves once moron mr vb turns it into pos
Then Ethereum should be ready to lose its 2nd rank on coinmarketcap because its getting way too long and the more delays the more better ETH killer will be made, maybe, just maybe an ETH killer will become a reality this time around.
After Ethereum's planned brutal attack on POW it will lose it's 2nd rank anyway.
Ethermine.org POS Staking https://ethpool.org/
Also His Team Black Miner is just a miner for Ethereum and Ethereum Classic so maybe he is supporting mining ETC AFTER The Merge
DYOR
Jump to: