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Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 80. (Read 198956 times)

sr. member
Activity: 434
Merit: 250
this could be a good thing for the bitcoin ecosystem.

most of ETH'S cap is from BTC, and the squabbling BTC aristocracy might finally understand that they need to cooperate with each other to protect their investment.
hero member
Activity: 748
Merit: 500
It is still going up, without single bigger dump or big correction, just straight up. Don't know where the top will be, but damn, the dump will be spectacular...1 billion for currency which was until last week in alpha release and no single shop is accepting it? There has to be some hidden reason for all this hype
sr. member
Activity: 294
Merit: 250
You beat me to it! Just saw: it passed one billion.

It is amazing. I thought the price would stop at $10, but it jumped to $13. The market capitalization is also over $1 billion.
legendary
Activity: 924
Merit: 1000
You beat me to it! Just saw: it passed one billion.
legendary
Activity: 2842
Merit: 1511
legendary
Activity: 2842
Merit: 1511
Looks like it's going to 0.04 - 0.05. Wow...
legendary
Activity: 1568
Merit: 1000
Lol, are you still mad bros??? the crazy thing is that you still have time to jump on the wagon, even weeks and months after you guys said it was all a bubble that was gonna pop in the next hour.

https://www.bitfinex.com/pages/announcements/?id=93

Maybe when ETH passes BTC in market cap you will listen.
sr. member
Activity: 1610
Merit: 372
For those who've missed the train, console yourself with an Ethereum faucet that's works:

http://www.etherfaucet.net/?r=0x0b39bb5985710ae56f793979ee8e052e0233f2db

If you don't have an Ethereum wallet yet, visit https://jaxx.io

Enjoy  Wink
neato
full member
Activity: 201
Merit: 100
Yes I think ETH is a good bet as of now. Thought I am not moving my BTC to ETH, but I have started moving my Litecoin and other altcoins funds like, doge, BLK and REDD to ETH.

Still I am trying to buy ETH at $8 - $9.5 level and selling it for DASH as it is also looks promising.


I am a miner, so I will mine the Ethereum and keep most of the Ethereum. I will sell some Ethereum to change into bitcoin.
newbie
Activity: 54
Merit: 0
For those who've missed the train, console yourself with an Ethereum faucet that's works:

http://www.etherfaucet.net/?r=0x0b39bb5985710ae56f793979ee8e052e0233f2db

If you don't have an Ethereum wallet yet, visit https://jaxx.io

Enjoy  Wink
legendary
Activity: 3080
Merit: 1500
Yes I think ETH is a good bet as of now. Thought I am not moving my BTC to ETH, but I have started moving my Litecoin and other altcoins funds like, doge, BLK and REDD to ETH.

Still I am trying to buy ETH at $8 - $9.5 level and selling it for DASH as it is also looks promising.
sr. member
Activity: 252
Merit: 250

If the Ethereum rises a lot in value to say $100 each, can we use less Ethereum to fuel the transaction, or the gas required in Ethereum is fixed?

Yes, transaction cost is the product of [gas amount * gasPrice], with gasPrice being measured in ETH. Miners can accept lower gasPrice, so in the end, it doesn't matter what is the price of ETH.

Vitalik explains here:
https://www.reddit.com/r/ethereum/comments/499a7w/gas_prices_are_already_kinda_down_to_20_shannon/

That is quite good. So the Ethereum price does not affect the transaction cost at all if there is market for the smart contracts.

But it will take some time for the miners to adjust the gas price they will accept. So there could still be some risk the trade will not go through.
sr. member
Activity: 616
Merit: 300
 Grin Grin Grin Grin Grin Grin Grin






i have to laugh at all these posts from people who see themselfs as experts on Ethereum but still do not actually understand the Ethereum core...

Laugh mate Grin laugh...
sr. member
Activity: 616
Merit: 300

As someone above already posted. All the info is in this link.


https://www.reddit.com/r/ethereum/comments/499a7w/gas_prices_are_already_kinda_down_to_20_shannon/


Miners set the gas price that they will pay. So they can set it to whatever they like. It will adjust to reflect to the real world costs of running the mining equipment (so if ETH goes up, the gas price will decrease).

If I am a miner, where do I set the gas price in the geth software? If I mine a block, can I reject the contract with low gas?
sr. member
Activity: 332
Merit: 250
Miners set the gas price that they will pay. So they can set it to whatever they like. It will adjust to reflect to the real world costs of running the mining equipment (so if ETH goes up, the gas price will decrease).

If I am a miner, where do I set the gas price in the geth software? If I mine a block, can I reject the contract with low gas?
full member
Activity: 140
Merit: 100
Miners set the gas price that they will pay. So they can set it to whatever they like. It will adjust to reflect to the real world costs of running the mining equipment (so if ETH goes up, the gas price will decrease).
newbie
Activity: 54
Merit: 0
i have to laugh at all these posts from people who see themselfs as experts on Ethereum but still do not actually understand the Ethereum core...

Laugh mate Grin laugh...
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
bankster pump altcoin ... much surprise.
sr. member
Activity: 294
Merit: 250

If the Ethereum rises a lot in value to say $100 each, can we use less Ethereum to fuel the transaction, or the gas required in Ethereum is fixed?

Yes, transaction cost is the product of [gas amount * gasPrice], with gasPrice being measured in ETH. Miners can accept lower gasPrice, so in the end, it doesn't matter what is the price of ETH.

Vitalik explains here:
https://www.reddit.com/r/ethereum/comments/499a7w/gas_prices_are_already_kinda_down_to_20_shannon/

That is quite good. So the Ethereum price does not affect the transaction cost at all if there is market for the smart contracts.
sr. member
Activity: 427
Merit: 250

If the Ethereum rises a lot in value to say $100 each, can we use less Ethereum to fuel the transaction, or the gas required in Ethereum is fixed?

Yes, transaction cost is the product of [gas amount * gasPrice], with gasPrice being measured in ETH. Miners can accept lower gasPrice, so in the end, it doesn't matter what is the price of ETH.

Vitalik explains here:
https://www.reddit.com/r/ethereum/comments/499a7w/gas_prices_are_already_kinda_down_to_20_shannon/
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