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Topic: Ethereum Casper - End of Ethereum era? - page 2. (Read 255 times)

sr. member
Activity: 1498
Merit: 326
SecureShift.io | Crypto-Exchange
September 13, 2020, 10:05:45 PM
#8
With the pos these will become useless with the consequence that ethereum will also become useless for them. It will be a much more centralized cryptocurrency for the rich few. Just my opinion.
Yes it will become useless but they can sell it right? Also less expenses people will like it. How can you say that it will be useless if they can shift to other coins to mine. What lucky is the next coin that ethereum will be replace with. For example eth miners gear up towards bitcoin instead. Price will sky rocket, and eth will focus on staking which will probably increase scalability. Not so sure where you get the idea it would be useless once eth become PoS.
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
September 13, 2020, 08:14:30 PM
#7
ah, ok. Is a POS/Pow system. This is a iittle bit different. Possibility of do pos using pos pools?

Yes, you can use pools in Ethereum Casper.

The minimum amount to stake is 32 Eth (quite a lot of money). So, you can join some pool to receive stakes of small quantities of eth. You can read more about it here.

https://www.coindesk.com/3-ways-staking-will-upend-the-economics-of-ethereum
member
Activity: 813
Merit: 65
September 13, 2020, 01:55:11 PM
#6
What will happen after the transition of eth from Pow to Pos? According to my scenario this would mean the demise of ethereum. Because? well, let's start with the fact that pow is based on millions of mining rigs around the world validating blocks. These resell the earned and when they have paid off the machines and the electricity, they set aside a little ethereum to buy more performing machines or optimize consumption. With the pos these will become useless with the consequence that ethereum will also become useless for them. It will be a much more centralized cryptocurrency for the rich few. Just my opinion.
Edit1 The effect of the miners (and therefore of the economic empires of Nvidia and Amd which have an interest in increasing the values ​​of some crypto to sell more cards) will be felt just as it was felt on the various litecoin then dash etc?

Basically all of yourquestions are answered here in the official github is ethereum pos (casper)
Pow will be slowly and gradually replaced by pos. One pos block after many pow blocks.

https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ
ah, ok. Is a POS/Pow system. This is a iittle bit different. Possibility of do pos using pos pools?
legendary
Activity: 2352
Merit: 6089
bitcoindata.science
September 13, 2020, 12:19:43 PM
#5
What will happen after the transition of eth from Pow to Pos? According to my scenario this would mean the demise of ethereum. Because? well, let's start with the fact that pow is based on millions of mining rigs around the world validating blocks. These resell the earned and when they have paid off the machines and the electricity, they set aside a little ethereum to buy more performing machines or optimize consumption. With the pos these will become useless with the consequence that ethereum will also become useless for them. It will be a much more centralized cryptocurrency for the rich few. Just my opinion.
Edit1 The effect of the miners (and therefore of the economic empires of Nvidia and Amd which have an interest in increasing the values ​​of some crypto to sell more cards) will be felt just as it was felt on the various litecoin then dash etc?

Basically all of yourquestions are answered here in the official github is ethereum pos (casper)
Pow will be slowly and gradually replaced by pos. One pos block after many pow blocks.

https://github.com/ethereum/wiki/wiki/Proof-of-Stake-FAQ
sr. member
Activity: 1414
Merit: 271
bitonator.tangled.com/join
September 13, 2020, 11:52:04 AM
#4
I don't think that the transition to POS means the end of ethereum. Ethereum already has a very strong infrastructure and many projects are running on the etereum blockchain, it is clear that alternatives already exist today, but etherium still has the highest priority
member
Activity: 813
Merit: 65
September 12, 2020, 11:58:34 AM
#3

The power that owned by the miners will be distributed to the stakers.
 who are the stakers?
it will not be centralized.
it will be another ripple.
hero member
Activity: 3010
Merit: 524
Leading Crypto Sports Betting & Casino Platform
September 12, 2020, 11:47:52 AM
#2
Miners will disappear from the ethereum network and that's also about making ethereum to be a conservative chain because mining consumes a lot of energy. Since ethereum was major coin and even if that was going for the POS system and that will not have a lot of differences when ethereum was still in the POS system.

The power that owned by the miners will be distributed to the stakers. You must know if this is major coins and there so many holders that are interesting to get passive income from helping the network.
it will not be centralized.
member
Activity: 813
Merit: 65
September 12, 2020, 11:28:16 AM
#1
What will happen after the transition of eth from Pow to Pos? According to my scenario this would mean the demise of ethereum. Because? well, let's start with the fact that pow is based on millions of mining rigs around the world validating blocks. These resell the earned and when they have paid off the machines and the electricity, they set aside a little ethereum to buy more performing machines or optimize consumption. With the pos these will become useless with the consequence that ethereum will also become useless for them. It will be a much more centralized cryptocurrency for the rich few. Just my opinion.
Edit1 The effect of the miners (and therefore of the economic empires of Nvidia and Amd which have an interest in increasing the values ​​of some crypto to sell more cards) will be felt just as it was felt on the various litecoin then dash etc?
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