Eth 2.0 can be delayed to 2024... - page 4.

Bitcoin_Arena

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Quote from: devil2man on July 05, 2022, 02:47:52 PM

Cardano is a valid competitor of ethereum and perhaps will manage to take it second place on coinmarketcap, the announcements and proclamations of the imminent release of eth 2.0 and pos may have been obviously premature given the various tests of doubtful success so the delay until 2024 is plausible, possible to the delight of all miners

If i recall well, Ripple was at one point number two in coinmarketcap surpassing Ethereum. Did that mean Ripple was better than Ethereum?
Where is Ripple right now?

I still think Ethereum is a very big player in the crypto space, whether we want it or not. Cardano can only try to rival Ethereum as much as it can, but won't succeed.

Salamande

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Quote from: devil2man on July 05, 2022, 02:47:52 PM

Cardano is a valid competitor of ethereum and perhaps will manage to take it second place on coinmarketcap, the announcements and proclamations of the imminent release of eth 2.0 and pos may have been obviously premature given the various tests of doubtful success so the delay until 2024 is plausible, possible to the delight of all miners

Premature? They have been announcing POS since 2017 Cheesy

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Cardano is a valid competitor of ethereum and perhaps will manage to take it second place on coinmarketcap, the announcements and proclamations of the imminent release of eth 2.0 and pos may have been obviously premature given the various tests of doubtful success so the delay until 2024 is plausible, possible to the delight of all miners

Coinfarm ventures

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Quote from: arielbit on July 04, 2022, 09:54:30 PM

Energy is liberating, if you have a lot of energy it becomes cheap.

cheap enough energy will make the people lives better, because everything you do, electricity leverages your work exponentially.

just look at us miners if you have a lot of cheap energy then you are happy guy hehe

I agree, I'm currently a really happy guy because I figured out how to get power for 5.3¢ RESIDENTIAL instead of 10 cents ehhehe. Most of it is zero-carbon nuclear energy so I can claim I'm saving the planet hehehe! I can have my cake and eat it too

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Quote from: Coinfarm ventures on July 04, 2022, 09:48:27 PM

Quote from: bitquad on June 30, 2022, 12:00:44 AM

Good luck convincing the woke governments of the west that all the energy is wasted anyway. They will ignore whatever you say.

Look at the Iron Law of Energy Consumption. Government or not, they will end up burning more and more energy and the climate skeptics will win in the end because India+China will emit 80% of the carbon in a few years. Therefore I don't view PoW's energy use as a weakness. The question is what country will control most of the hashrate, which will become as important as what country has the most nuclear warheads.

Energy is liberating, if you have a lot of energy it becomes cheap.

cheap enough energy will make the people lives better, because everything you do, electricity leverages your work exponentially.

just look at us miners if you have a lot of cheap energy then you are happy guy hehe

Coinfarm ventures

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Quote from: bitquad on June 30, 2022, 12:00:44 AM

Good luck convincing the woke governments of the west that all the energy is wasted anyway. They will ignore whatever you say.

Look at the Iron Law of Energy Consumption. Government or not, they will end up burning more and more energy and the climate skeptics will win in the end because India+China will emit 80% of the carbon in a few years so the West can hardly make a dent anyway. Therefore I don't view PoW's energy use as a weakness. As long as Bitcoin is the majority of the market cap, PoW will dominate in the long run while the PoS coins will have boom-bust cycles forever.

U.Meimei

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There are already better non-collateralized mining projects than ETH2.0 mining.

arielbit

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Quote from: adaseb on July 03, 2022, 09:50:21 PM

ETH was asic resistant for many years however. Most of the other coins quickly got an ASIC made.

The dark coin / dash coin algo was called x11 because it had 11 different hashing algos and it was to make ASIC resistant. However it was quickly overcome unlike ETH.

When ETH asic went public, there was word of an emergency fork however when it was revealed how little advantage it had to GPUs they just let it slide.

dash coin x11 ASICs were quite profitable in the previous bullrun and the masternodes operators (validators/centralized entity) voted to reduce mining profits due to the selling pressure of miners. that is something keep an eye for in this upcoming ETH fiasco, already happened with the difficulty bombs BTW, at least miners are GPUs and ASICs unlike those in x11 which are all ASICs.

note: difficulty bombs did not give profit to validators, it just gave the foundation a higher price to dump at the top of the bull market LOL

i'm gonna give it to ETH devs, at least they are upfront in saying 100% POS than pretending that there is still POW for the argument of "there is POW/ we are POW" if POW is again the hero "narrative"

adaseb

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ETH was asic resistant for many years however. Most of the other coins quickly got an ASIC made.

The dark coin / dash coin algo was called x11 because it had 11 different hashing algos and it was to make ASIC resistant. However it was quickly overcome unlike ETH.

When ETH asic went public, there was word of an emergency fork however when it was revealed how little advantage it had to GPUs they just let it slide.

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Quote from: 0verseer on July 03, 2022, 02:22:25 PM

Quote from: swogerino on July 03, 2022, 07:53:47 AM

Quote from: Boriss on July 02, 2022, 02:01:06 PM

Eth will stabilize and go up in price after POS, simply because there will be smaller amount of coins produced daily, burn process will still cause deflation, staked eth will remove some coins from daily usage etc....
POS will displace small people from the system, game has become to big for small guys if you don't count in staking pools.

Price correction will come eventually, how long will it take? probably few years.

You should know that most of the PoS coins have failed miserably before and what does Ethereum have beside these others that it will continue to be successful after moving to PoS,nothing.Therefore if Ethereum moves to PoS I give it a few months only before it is completely forgotten from the map of crypto,the fact that Ethereum is so successful beside the problems it solves it is a PoW coin which a lot and I mean a lot of people are mining daily making it as famous as it is.One move away from such system is destined to go bankrupt and fail.

Most of PoS coins you saw already shit from the beginning. Some transit from PoW to PoS because they are already from their last leg. It's all thanks to the 2017 bull run that PoW coins or every coins got boosted so people think they were great and PoS was the problem. Big nope.
Can anyone here show me a great GPU PoW coin that is at the top10 in CMC other than ETH? How about top20? Even top30? See how GPU PoW was now at the last leg except ETH which is also soon to ditch it?

when a GPU POW reach reaches a profitable enough marketcap for ASIC makers, ASIC will take over that GPU POW. that take over happens at the top in CMC.

ETH innovation was the mining algo with the DAG on vram (memory mining), it restricts ASICs wide margin advantage over GPUs, basically ETH was the first successful coin (that reached the top part of CMC in two market cycles) that resisted ASICs.

GPU POW is always has been the "the early bird mining gear of choice"

GPU POW is the the real shitcoiner secret weapon, an invaluable tool ---> this is an "alpha leak" hehehe

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Quote from: swogerino on July 03, 2022, 03:15:51 PM

Before Ethereum there was Litecoin which was a GPU mineable coin at that time,precisely in 2015.This is to show that always in history there has been a top PoW coin leading and then every other type of coins followed,at least this is how I read it.

Anyway so far PoW coins have always been the better ones with a much larger market share as long as I know it is still Bitcoin and Ethereum the two big ones which have the greatest market share compared to almost all other coins,I doubt this will change any time soon,let alone if it happens because of a PoS coin.

I started in 2014. At that time Litecoin ASICs were becoming reality, Darkcoin was moving from CPU to GPU, and Eth didn't exist yet.
Nothing really compares to ETH, every other major GPU coin prior was taken over by ASICs. Eth has been going strong with GPUs
for much longer than anything else.

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Quote from: 0verseer on July 03, 2022, 02:22:25 PM

Quote from: swogerino on July 03, 2022, 07:53:47 AM

Quote from: Boriss on July 02, 2022, 02:01:06 PM

Eth will stabilize and go up in price after POS, simply because there will be smaller amount of coins produced daily, burn process will still cause deflation, staked eth will remove some coins from daily usage etc....
POS will displace small people from the system, game has become to big for small guys if you don't count in staking pools.

Price correction will come eventually, how long will it take? probably few years.

You should know that most of the PoS coins have failed miserably before and what does Ethereum have beside these others that it will continue to be successful after moving to PoS,nothing.Therefore if Ethereum moves to PoS I give it a few months only before it is completely forgotten from the map of crypto,the fact that Ethereum is so successful beside the problems it solves it is a PoW coin which a lot and I mean a lot of people are mining daily making it as famous as it is.One move away from such system is destined to go bankrupt and fail.

Most of PoS coins you saw already shit from the beginning. Some transit from PoW to PoS because they are already from their last leg. It's all thanks to the 2017 bull run that PoW coins or every coins got boosted so people think they were great and PoS was the problem. Big nope.
Can anyone here show me a great GPU PoW coin that is at the top10 in CMC other than ETH? How about top20? Even top30? See how GPU PoW was now at the last leg except ETH which is also soon to ditch it?

Before Ethereum there was Litecoin which was a GPU mineable coin at that time,precisely in 2015.This is to show that always in history there has been a top PoW coin leading and then every other type of coins followed,at least this is how I read it.

Anyway so far PoW coins have always been the better ones with a much larger market share as long as I know it is still Bitcoin and Ethereum the two big ones which have the greatest market share compared to almost all other coins,I doubt this will change any time soon,let alone if it happens because of a PoS coin.

0verseer

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Quote from: swogerino on July 03, 2022, 07:53:47 AM

Quote from: Boriss on July 02, 2022, 02:01:06 PM

Eth will stabilize and go up in price after POS, simply because there will be smaller amount of coins produced daily, burn process will still cause deflation, staked eth will remove some coins from daily usage etc....
POS will displace small people from the system, game has become to big for small guys if you don't count in staking pools.

Price correction will come eventually, how long will it take? probably few years.

You should know that most of the PoS coins have failed miserably before and what does Ethereum have beside these others that it will continue to be successful after moving to PoS,nothing.Therefore if Ethereum moves to PoS I give it a few months only before it is completely forgotten from the map of crypto,the fact that Ethereum is so successful beside the problems it solves it is a PoW coin which a lot and I mean a lot of people are mining daily making it as famous as it is.One move away from such system is destined to go bankrupt and fail.

Most of PoS coins you saw already shit from the beginning. Some transit from PoW to PoS because they are already from their last leg. It's all thanks to the 2017 bull run that PoW coins or every coins got boosted so people think they were great and PoS was the problem. Big nope.
Can anyone here show me a great GPU PoW coin that is at the top10 in CMC other than ETH? How about top20? Even top30? See how GPU PoW was now at the last leg except ETH which is also soon to ditch it?

swogerino

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Quote from: Boriss on July 02, 2022, 02:01:06 PM

Eth will stabilize and go up in price after POS, simply because there will be smaller amount of coins produced daily, burn process will still cause deflation, staked eth will remove some coins from daily usage etc....
POS will displace small people from the system, game has become to big for small guys if you don't count in staking pools.

Price correction will come eventually, how long will it take? probably few years.

You should know that most of the PoS coins have failed miserably before and what does Ethereum have beside these others that it will continue to be successful after moving to PoS,nothing.Therefore if Ethereum moves to PoS I give it a few months only before it is completely forgotten from the map of crypto,the fact that Ethereum is so successful beside the problems it solves it is a PoW coin which a lot and I mean a lot of people are mining daily making it as famous as it is.One move away from such system is destined to go bankrupt and fail.

arielbit

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Quote from: adaseb on July 02, 2022, 10:34:45 PM

Yeah I remember mining Dash when it was called Darkcoin, never knew it was rebranded from xcoin however. Either way the profitability was low from the get go. It was never actually profitable to mine. But my 280x were sitting collecting dust and just did it for fun.

Held the coins and when it pumped I sold them. However I left crazy amounts of profit on the table when it went over $1000 momentarily.

Also some other guy hates that coin because he had a low leverage short on it from $50 and got liquidated at $1400 in the tune of 100 BTC on Poloniex. Some OG should know who I am talking about.

xcoin was the first brand, successfully salvaged darkcoin from a dying/dead shitcoin and finally stole dashcoin name..

yup it made people rich, but it is just as good as other shitcoins that pumped in 2017 bullrun, so the people that are complaining there that they didn't invest there were the fiat holders LOL Grin

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Yeah I remember mining Dash when it was called Darkcoin, never knew it was rebranded from xcoin however. Either way the profitability was low from the get go. It was never actually profitable to mine. But my 280x were sitting collecting dust and just did it for fun.

Held the coins and when it pumped I sold them. However I left crazy amounts of profit on the table when it went over $1000 momentarily.

Also some other guy hates that coin because he had a low leverage short on it from $50 and got liquidated at $1400 in the tune of 100 BTC on Poloniex. Some OG should know who I am talking about.

Boriss

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Eth will stabilize and go up in price after POS, simply because there will be smaller amount of coins produced daily, burn process will still cause deflation, staked eth will remove some coins from daily usage etc....
POS will displace small people from the system, game has become to big for small guys if you don't count in staking pools.

Price correction will come eventually, how long will it take? probably few years.

arielbit

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Quote from: bitquad on June 30, 2022, 12:05:26 AM

Quote from: Coinfarm ventures on June 29, 2022, 11:00:28 PM

Quote from: adaseb on June 29, 2022, 10:56:01 PM

Yes we all know Bitcoin uses lots of energy and is bad for environment. Especially now during an energy crisis. But the fact to switch to POS will come at a cost and that is basically less decentralization.

Now you got millions of people mining keeping ETH decentralized around the world, it’s very secure. Same with Bitcoin. Hence why people feel safe keeping their funds in these cryptos. Take that away and you got pretty much only the rich staking, not too far off from traditional banking.

ETH and the other PoS coins are going to end up no different to fiat cash (controlled by a central group of elites), while Bitcoin will become the true 'digital gold' and perhaps Kadena or ETC will become silver.

That's you opinion as a biased miner.

you can take a peek at DASH aka darkcoin aka xcoin ..seen the same shit on shitcoin history

it is a genius to call them validators..masternodes same shit.

watch the validators/masternode operators stole profit at peak bull market from miners LOL, and miners just left, some masternode operators are the ones profitable enough to run their miner to secure the network.

it is a shitshow.

i theorized it is a soft exit for ethereum foundation because it will turn into shit eventually and they will get out clean and unscathed ("if").

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Quote from: bitquad on June 30, 2022, 12:04:17 AM

Quote from: arielbit on June 29, 2022, 11:21:09 PM

for the retards that needs to grow a little bit of brain..

there is no post mine BTC. transaction fees will be "the mining" after all of the BTC is mined.

XMR have tail emission for "post mining".

carbon foot print scam tax, will be like this: you buy something food(beef) carbon tax = 10, you buy "soy insect cardboard box sausage" carbon tax = 2 , all this is viable with central bank digital currencies and digital vaxx pass surveillance (to be embedded to your body). so are you rich enough to eat beef or garbage? so if you are rich enough to eat beef you could be limited to buy only a few, why? buying 10 beef will reach the limit of (10x10) 100 carbon tax limit (bad person destroying the environment says the government).

green energy and non-green energy needs infrastructure, labor, fuel to burn, etc. etc. just to produce energy for POW, this statement alone will inform you there is value to it (with the exceptions of scams and failure/idiot blockchains LOL)

How will Bitcoin's security be guaranteed in such an arrangement where the transaction fees are "the mining"? The fees would have to be outrageous to motivate a decentralized participation. And those fees would come out off the pockets of people trying to transact with Bitcoin. I don't think that has been figured out at all.

it could go to 2013 levels and still you can't kill it Wink

bitquad

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Quote from: adaseb on June 29, 2022, 10:56:01 PM

Yes we all know Bitcoin uses lots of energy and is bad for environment. Especially now during an energy crisis. But the fact to switch to POS will come at a cost and that is basically less decentralization.

Now you got millions of people mining keeping ETH decentralized around the world, it’s very secure. Same with Bitcoin. Hence why people feel safe keeping their funds in these cryptos. Take that away and you got pretty much only the rich staking, not too far off from traditional banking.

3-4 mining pools dominate the Bitcoin hash rate. If only these pools all worked together they could execute a 51% attack. There is no such thing a true decentralization. Everything on earth has multiple points of failure.

Topic: Eth 2.0 can be delayed to 2024... - page 4. (Read 2626 times)