Ethereum POW - ETHW | Bitcointalksearch.org

zeuner

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Quote from: Abiky on October 23, 2022, 07:53:34 PM

Quote from: Fundamentals Of on October 18, 2022, 08:51:25 PM

I am aware even before the Merge that there will probably be an Ethereum hard fork that would continue with its Proof of Work system. But what I'm more interested about is whether this ETHW will grow big in the future or not. I am also aware that there are those who are saying that ETHW is unnecessary and redundant because Ethereum Classic (ETC) is already the PoW version of Ethereum. So why should there be another PoW Ethereum?

So will this ETHW that is currently valued at $6 grow big in the future?

Exactly. We didn't need another PoW fork of Ethereum since we've already had both ETC and Expanse. In fact, Expanse was the first ETH fork that started it all. Ethereum Classic was created at a later time when most community members were dissatisfied with ETH's decision to roll back the Blockchain because of the DAO hack. As I've said many times already, ETHW was only created as a means to enrich both the developers and miners. It has no future simply because it has no substance to it.

Why would developers want to build on a PoW version of Ethereum that's redundant? There are far better options on the market with innovative features and a solid foundation built upon them. No one knows what the future holds for crypto, so either ETHW dies or keeps "pumping" for a little while. Just my thoughts Grin

Is it because ETHW proponents want to move forward with the balances on the ETH blockchain just before ETH moved to PoS?

evichi

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Considering the cost of the former Ethereum mining which is estimated at about $19 billion, it will be a huge waste of resources,as a result some miners and prominent personalities are in support of continuing ETHW (https://coinmarketcap.com/currencies/ethereum-pow/). Further, Ethereum is mined with dedicated GPUs, miners cannot just switch to Bitcoin, which is mined with ASICs. While ETHW will continue to be mined, the question is, will it have enough use cases to make it grow like ETH? However, I think we have to observe as things unfold - currently, ETHW is backed by Poloniex, Justin Sun, founder of Tron, and Chandler Guo, a notable ETH miner and already listed in numerous exchanges (https://coinmarketcap.com/currencies/ethereum-pow/markets/).

Abiky

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Quote from: tbct_mt2 on October 27, 2022, 04:11:49 AM

People invested in ETC just because they hope ETC will move together with ETH. ETH is a leader and can lift ETC up after ETH has its bull run. ETC is like a parasite on ETH in the market and you are right too that miners left from ETH to ETC can be another reason people still believe that ETC will have other bull runs.

After ETH The Merge, ETC network becomes bigger and stronger. It has bigger communities and ETC enthusiasts believe that the game for ETC will be bigger as well.

People believed ETC to remain a viable alternative to the ETH blockchain with its focus on decentralization and censorship-resistance. While the chain hasn't died yet, it lacks many of the dApps, tokens, and services which makes ETH so good. Without this, we can't expect mainstream adoption for ETC to rise anytime soon. ETC is only useful as a sort of speculative investment, that could either rise up or go down in price depending on crypto market conditions.

If there's a lot of hype, you can bet ETC will soar like crazy even though it lacks utility compared to other coins. Otherwise, prices will stall or go lower than what they are right now. Bitcoin is the main mover of the market, so a bullish BTC would surely drive ETC all the way to the moon. Who knows how long will ETC last? Just my thoughts Grin

tbct_mt2

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Quote from: Abiky on October 26, 2022, 08:20:08 PM

You're right about that. But people don't care which is the real Ethereum or which one is the "copycat". What they care about is which chain has the most dApps, tokens, and services behind it for a great user experience. Despite ETC being 6 years old, there hasn't been any kind of innovation that would help bring the masses into it. What developers have only achieved is "diffusing" the difficulty bomb to make ETC a PoW blockchain forever. But that still hasn't attracted other developers to build dApps on its platform.

After Vitalik and the core team members left after the DAO fork, the initial coin, Ethereum Classic ETC is like a dead coin. Lack of developments and innovations are reasons ETC has very low price. At least it does not dead but it is not a good coin in eyes of investors who are seriously with their capital.

Without enough developments, we can not expect about innovations from ETC. Without innovations, it is hard to see price growth because the value of ETC does not rise without innovation from ETC team.

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Without quality dApps and/or tokens, how would you expect ETC's price to go all the way to the moon? It's all about utility in order to keep demand at its highest. At least, we all know ETC won't go away that easily because of its established presence in the crypto/Blockchain space. ETHW, on the other hand, will die quickly because of the lack of a solid foundation behind it. The cryptocurrency was only created to enrich miners and developers without focusing on its utility. Why would you want another PoW ETH-based chain when you already have ETC?

People invested in ETC just because they hope ETC will move together with ETH. ETH is a leader and can lift ETC up after ETH has its bull run. ETC is like a parasite on ETH in the market and you are right too that miners left from ETH to ETC can be another reason people still believe that ETC will have other bull runs.

After ETH The Merge, ETC network becomes bigger and stronger. It has bigger communities and ETC enthusiasts believe that the game for ETC will be bigger as well.

Abiky

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Quote from: Blawpaw on October 24, 2022, 06:52:55 PM

This may be probably true. Either way, the real Ethereum is the Ethereum classic. It is the real network that was never forked and kept all the real records, including the DAO event. Its POW as well and the community behind has no intentions of changing to POS. It also has a lot of projets growing on its ecosystem, so ETC may be the best option to counter ETh

You're right about that. But people don't care which is the real Ethereum or which one is the "copycat". What they care about is which chain has the most dApps, tokens, and services behind it for a great user experience. Despite ETC being 6 years old, there hasn't been any kind of innovation that would help bring the masses into it. What developers have only achieved is "diffusing" the difficulty bomb to make ETC a PoW blockchain forever. But that still hasn't attracted other developers to build dApps on its platform.

Without quality dApps and/or tokens, how would you expect ETC's price to go all the way to the moon? It's all about utility in order to keep demand at its highest. At least, we all know ETC won't go away that easily because of its established presence in the crypto/Blockchain space. ETHW, on the other hand, will die quickly because of the lack of a solid foundation behind it. The cryptocurrency was only created to enrich miners and developers without focusing on its utility. Why would you want another PoW ETH-based chain when you already have ETC? Ultimately, the market will decide which coins will stay and which coins will become history. As long as decentralization wins, there should be nothing to worry about. Just my opinion

Blawpaw

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Quote from: Cuda911 on September 21, 2022, 06:23:18 AM

If BTC dumps more in this month I am positive that ETHW will cost 2$ per coin, what pissed me off about this coin is the lack of utility, vitalik walk away with everything, smart contracting and leave only PoW behind, who is going to build on ETHW? Lol this is going to end up a shit coin.

This may be probably true. Either way, the real Ethereum is the Ethereum classic. It is the real network that was never forked and kept all the real records, including the DAO event. Its POW as well and the community behind has no intentions of changing to POS. It also has a lot of projets growing on its ecosystem, so ETC may be the best option to counter ETh

Baofeng

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Quote from: Fundamentals Of on October 18, 2022, 08:51:25 PM

I am aware even before the Merge that there will probably be an Ethereum hard fork that would continue with its Proof of Work system. But what I'm more interested about is whether this ETHW will grow big in the future or not. I am also aware that there are those who are saying that ETHW is unnecessary and redundant because Ethereum Classic (ETC) is already the PoW version of Ethereum. So why should there be another PoW Ethereum?

Well I guess there is also politics inside Ethereum, just like when Bitcoin has this kind of fork way back in 2017 and then we have a lot of forks that come after that. Nevertheless it's obvious that we don't need another one just like in Ethereum. But there could be some entity that are going to push with this ETHW for as long as they can. They are the minority so who knows how long they are going to survived and fight it out with ETC and ETH itself.

Quote from: Fundamentals Of on October 18, 2022, 08:51:25 PM

So will this ETHW that is currently valued at $6 grow big in the future?

It went as high as 140$, so there is a huge 90%++ decline already. Again, it's just a matter of time if the project will survived this bear market. If it did then maybe it will be hard pump again in the future and in the bull run. But for us, it's too risky, we've rather invest on ETH or any other solid coins for that matter.

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After the merger, the decentralization of Ethereum is under a very big question. You don’t have to worry about the future of the Ethereum ecosystem, but the community needs other ecosystems to safely store their assets.

tbct_mt2

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Quote from: Abiky on October 23, 2022, 07:53:34 PM

Exactly. We didn't need another PoW fork of Ethereum since we've already had both ETC and Expanse. In fact, Expanse was the first ETH fork that started it all. Ethereum Classic was created at a later time when most community members were dissatisfied with ETH's decision to roll back the Blockchain because of the DAO hack.

These forks have solid reasons behind how it were forked but we can not prevent other forks when there are big upgrades and community did not reach to a consensus. Or even a consensus is reached, there are still people want to fork it and exploit the fork in order to get richer.

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As I've said many times already, ETHW was only created as a means to enrich both the developers and miners. It has no future simply because it has no substance to it.

Time will prove these forks are useless and very little developments for those forks. However, at beginning and early months after a fork, there will be hype and manipulation to make the wise, the whales richer.

Abiky

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Quote from: Fundamentals Of on October 18, 2022, 08:51:25 PM

I am aware even before the Merge that there will probably be an Ethereum hard fork that would continue with its Proof of Work system. But what I'm more interested about is whether this ETHW will grow big in the future or not. I am also aware that there are those who are saying that ETHW is unnecessary and redundant because Ethereum Classic (ETC) is already the PoW version of Ethereum. So why should there be another PoW Ethereum?

So will this ETHW that is currently valued at $6 grow big in the future?

Exactly. We didn't need another PoW fork of Ethereum since we've already had both ETC and Expanse. In fact, Expanse was the first ETH fork that started it all. Ethereum Classic was created at a later time when most community members were dissatisfied with ETH's decision to roll back the Blockchain because of the DAO hack. As I've said many times already, ETHW was only created as a means to enrich both the developers and miners. It has no future simply because it has no substance to it.

Why would developers want to build on a PoW version of Ethereum that's redundant? There are far better options on the market with innovative features and a solid foundation built upon them. No one knows what the future holds for crypto, so either ETHW dies or keeps "pumping" for a little while. Just my thoughts Grin

Fundamentals Of

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I am aware even before the Merge that there will probably be an Ethereum hard fork that would continue with its Proof of Work system. But what I'm more interested about is whether this ETHW will grow big in the future or not. I am also aware that there are those who are saying that ETHW is unnecessary and redundant because Ethereum Classic (ETC) is already the PoW version of Ethereum. So why should there be another PoW Ethereum?

So will this ETHW that is currently valued at $6 grow big in the future?

tbct_mt2

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Quote from: Abiky on October 18, 2022, 07:55:09 PM

I don't think developers will join ETHW simply because they have no reason to. The PoS ETH chain has the biggest userbase in the crypto/Blockchain space, so developers will "stick" onto it for a little while. PoW-based forks of ETH are just created as a means to enrich miners and their "hodlers". But they really have no substance behind them. Just like Bitcoin Cash, Bitcoin SV, and eCash (formerly known as Bitcoin Cash ABC) turned out to be a failure, the same will happen with ETHW within the not-so-distant future.

We can not expect too many developers join ETHW and I know many Proof of Work altcoins even don't have active developments from developers. Especially altcoins from years ago like Cryptonight algorithm coins. Their networks still run by miners but it is super hard to see any updates from their developers about anything new. Many of them even don't have any tweet after many months. They are like walking deads and only wait for each altcoin season to join the wave and rise then dump again.

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There are better options out there on the market with active development and innovative features. Instead of choosing ETW, you can choose ETC which is the original ETH chain going strong since 2016. It hasn't attracted developers into its platform yet, but it's a tried-and-tested blockchain network that's built to last. Ultimately, the market will decide which coin will stay and which will fade away into oblivion. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about.

I totally agree with you that Ethereum Classic ETC is better than ETHW because it has been tested by market and at least we know they actually have some sort of developments after many years. We don't know what will happen with ETHW in development and on market.

You are also right about don't invest if you don't afford to lose it. It is more than right with new coin like ETHW.

Abiky

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Quote from: bittraffic on October 12, 2022, 08:00:01 PM

ETHW does need some developers who will start looking into the codes and bridge the ERC tokens to ETHW. If this isn't happening, the fork will just end just like ETC.

Most forks ended the same way with fewer people in the community. At the end of the day, the winning force still is ETH for on top of it are thousands of projects.

I don't think developers will join ETHW simply because they have no reason to. The PoS ETH chain has the biggest userbase in the crypto/Blockchain space, so developers will "stick" onto it for a little while. PoW-based forks of ETH are just created as a means to enrich miners and their "hodlers". But they really have no substance behind them. Just like Bitcoin Cash, Bitcoin SV, and eCash (formerly known as Bitcoin Cash ABC) turned out to be a failure, the same will happen with ETHW within the not-so-distant future.

There are better options out there on the market with active development and innovative features. Instead of choosing ETW, you can choose ETC which is the original ETH chain going strong since 2016. It hasn't attracted developers into its platform yet, but it's a tried-and-tested blockchain network that's built to last. Ultimately, the market will decide which coin will stay and which will fade away into oblivion. As long as you don't invest more than what you can't afford to lose, there should be nothing to worry about. Just my thoughts Grin

Tony116

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Quote from: bittraffic on October 12, 2022, 08:00:01 PM

Quote from: Abiky on October 12, 2022, 07:47:24 PM

Quote from: zasad@ on October 12, 2022, 09:28:07 AM

ETC and ETHW now look like dead blockchains. ETC hasn't made much progress since the hard fork
https://defillama.com/chain/EthereumClassic
Do you believe in the success of ETHW without a development team? Or do you need a team of copywriters who will copy defi projects from the Ethereum ecosystem?

Sadly, that seems to be the case with forked coins. The original projects are the ones that are kept afloat, while the "copycats" (in this case, the forks) are left behind in the dust. Consider how Bitcoin Cash, Bitcoin SV, and several other Bitcoin forks have turned out to be a huge failure due to lack of interest among investors and traders alike. Both ETC and ETHW are not exempt from having the same fate as the coins mentioned earlier.

I think forks are only created to enrich miners and holders of the cryptocurrency. No one is going to take forked projects seriously unless developers start building dApps and services on them. At least, everything is open sourced these days. If both ETC and ETHW fail, there's nothing stopping you from creating a new fork to keep alive PoW consensus on ETH. Who knows if ETHW won't last for long? Just my thoughts Grin

ETHW does need some developers who will start looking into the codes and bridge the ERC tokens to ETHW. If this isn't happening, the fork will just end just like ETC.

Most forks ended the same way with fewer people in the community. At the end of the day, the winning force still is ETH for on top of it are thousands of projects.

It can be said that most of the previous forks of bitcoin ended the same and failed but here is the difference with ETHW, ETH has completely moved to POS and we know that miners won't have too many options, unlike bitcoin. So, at the moment, it is difficult to say whether the future of ETHW will be like the other forks or there will be massive growth. We are still in the bearish season so it is safe to say that we cannot confirm anything ETHW or ETC but the risk when investing in fork is always high so still only invest with the amount you can lose.

Lagduf

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Quote from: Crypt0Gore on October 12, 2022, 12:43:25 PM

I will not be buying ETHW, it is possible that the coin will pump in future but that will depends on how Ethereum will perform in future, now this will play out like ETC and BTC forks but as time goes on ETHW can die a painful death, if you must invest make sure you invest only what you can afford to lose.

that's a good decision maye. Buying ethw is just wasting your money. There are so many forks exist in the market. That will make so hard to pick which was the legit coin. ETHW will become the same like so many bitcoin fork coins that will die at the end of journey. People will not buy that coin for the future holding. this coin was actually bs

Paul Pogba

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ETHW is always interesting, I'm sure one day ETHW can be ranked in the top 25, the best thing right now is to focus on buying, I'm sure this year ETHW will be available on other top exchanges like Binance, Coinbase, etc.

tbct_mt2

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Quote from: bittraffic on October 12, 2022, 08:00:01 PM

ETHW does need some developers who will start looking into the codes and bridge the ERC tokens to ETHW. If this isn't happening, the fork will just end just like ETC.

Most forks ended the same way with fewer people in the community. At the end of the day, the winning force still is ETH for on top of it are thousands of projects.

If ETC is lively and has good trading price on market, it's good for ETHW if it is moving onward similar to ETC.

However, I agree that fork project must have more developments in order to be lively and catch more attention and capital from investors. Bridge is risky at least with current bridging technologies. If ETHW team are not careful, bridging can cause so many risk and attacks on ETHW that would be death call for the newborn fork.

bittraffic

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Quote from: Abiky on October 12, 2022, 07:47:24 PM

Quote from: zasad@ on October 12, 2022, 09:28:07 AM

ETC and ETHW now look like dead blockchains. ETC hasn't made much progress since the hard fork
https://defillama.com/chain/EthereumClassic
Do you believe in the success of ETHW without a development team? Or do you need a team of copywriters who will copy defi projects from the Ethereum ecosystem?

Sadly, that seems to be the case with forked coins. The original projects are the ones that are kept afloat, while the "copycats" (in this case, the forks) are left behind in the dust. Consider how Bitcoin Cash, Bitcoin SV, and several other Bitcoin forks have turned out to be a huge failure due to lack of interest among investors and traders alike. Both ETC and ETHW are not exempt from having the same fate as the coins mentioned earlier.

I think forks are only created to enrich miners and holders of the cryptocurrency. No one is going to take forked projects seriously unless developers start building dApps and services on them. At least, everything is open sourced these days. If both ETC and ETHW fail, there's nothing stopping you from creating a new fork to keep alive PoW consensus on ETH. Who knows if ETHW won't last for long? Just my thoughts Grin

ETHW does need some developers who will start looking into the codes and bridge the ERC tokens to ETHW. If this isn't happening, the fork will just end just like ETC.

Most forks ended the same way with fewer people in the community. At the end of the day, the winning force still is ETH for on top of it are thousands of projects.

Abiky

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Quote from: zasad@ on October 12, 2022, 09:28:07 AM

ETC and ETHW now look like dead blockchains. ETC hasn't made much progress since the hard fork
https://defillama.com/chain/EthereumClassic
Do you believe in the success of ETHW without a development team? Or do you need a team of copywriters who will copy defi projects from the Ethereum ecosystem?

Sadly, that seems to be the case with forked coins. The original projects are the ones that are kept afloat, while the "copycats" (in this case, the forks) are left behind in the dust. Consider how Bitcoin Cash, Bitcoin SV, and several other Bitcoin forks have turned out to be a huge failure due to lack of interest among investors and traders alike. Both ETC and ETHW are not exempt from having the same fate as the coins mentioned earlier.

I think forks are only created to enrich miners and holders of the cryptocurrency. No one is going to take forked projects seriously unless developers start building dApps and services on them. At least, everything is open sourced these days. If both ETC and ETHW fail, there's nothing stopping you from creating a new fork to keep alive PoW consensus on ETH. Who knows if ETHW won't last for long? Just my thoughts Grin

Crypt0Gore

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I will not be buying ETHW, it is possible that the coin will pump in future but that will depends on how Ethereum will perform in future, now this will play out like ETC and BTC forks but as time goes on ETHW can die a painful death, if you must invest make sure you invest only what you can afford to lose.

Topic: Ethereum POW - ETHW (Read 657 times)