Topic: Ethereum Value Drops as Bitcoin Price Goes Past $670 (Read 1296 times)

Quote from: Techmind on August 11, 2016, 06:14:26 AM

What if ETC does not die in a month, what if it just keeps tagging along stubbornly?

As long as the big whales own the ETC and keep the price high, it will survive and miners will mine it.

Yes. The miners will just mine the more profitable coins and sell the coins for bitcoin. They do not like the particular coin.

Miners are in there for the money. I found that the mining hash of ETC is closely correlated with the ETC price.

It seems the ETC hashing has reduced over the last week from 1000 GH/s to 500 GH/s now. That is similar to the price drop.

The ETC hashing rate is still around 600 GH/s. The overall Ethereum hashing rate is at all time high at present.

The hashing rate of the ETH is at all time high at the moment. The hashing rate of ETC dropped from 1000GH/s a few weeks ago.

Rustin

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Activity: 13

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Quote from: miayama on August 10, 2016, 11:53:32 AM

Quote from: miayama on August 10, 2016, 11:53:32 AM

What if ETC does not die in a month, what if it just keeps tagging along stubbornly?

As long as the big whales own the ETC and keep the price high, it will survive and miners will mine it.

Yes. The miners will just mine the more profitable coins and sell the coins for bitcoin. They do not like the particular coin.

Miners are in there for the money. I found that the mining hash of ETC is closely correlated with the ETC price.

It seems the ETC hashing has reduced over the last week from 1000 GH/s to 500 GH/s now. That is similar to the price drop.

The ETC hashing rate is still around 600 GH/s. The overall Ethereum hashing rate is at all time high at present.

Techmind

newbie

Activity: 18

Merit: 0

What if ETC does not die in a month, what if it just keeps tagging along stubbornly?

As long as the big whales own the ETC and keep the price high, it will survive and miners will mine it.

Yes. The miners will just mine the more profitable coins and sell the coins for bitcoin. They do not like the particular coin.

Miners are in there for the money. I found that the mining hash of ETC is closely correlated with the ETC price.

It seems the ETC hashing has reduced over the last week from 1000 GH/s to 500 GH/s now. That is similar to the price drop.

miayama

sr. member

Activity: 358

Merit: 250

What if ETC does not die in a month, what if it just keeps tagging along stubbornly?

As long as the big whales own the ETC and keep the price high, it will survive and miners will mine it.

Yes. The miners will just mine the more profitable coins and sell the coins for bitcoin. They do not like the particular coin.

Miners are in there for the money. I found that the mining hash of ETC is closely correlated with the ETC price.

Rustin

newbie

Activity: 13

Merit: 0

What if ETC does not die in a month, what if it just keeps tagging along stubbornly?

As long as the big whales own the ETC and keep the price high, it will survive and miners will mine it.

Yes. The miners will just mine the more profitable coins and sell the coins for bitcoin. They do not like the particular coin.

miayama

sr. member

Activity: 358

Merit: 250

Quote from: miayama on July 28, 2016, 03:24:36 PM

What if ETC does not die in a month, what if it just keeps tagging along stubbornly?

As long as the big whales own the ETC and keep the price high, it will survive and miners will mine it.

Goms

sr. member

Activity: 350

Merit: 250

What if ETC does not die in a month, what if it just keeps tagging along stubbornly?

Minecache

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Quote from: Rustin on July 28, 2016, 03:59:19 AM

Quote from: miayama on July 18, 2016, 06:50:03 AM

Quote from: Rustin on July 28, 2016, 03:59:19 AM

If 70% of the miners support the longest fork, and the main chain is established properly, the price will jump.

We shall know the results of the hard fork in a few days. If the price drops a lot, the miners will lose a lot of money.

We already know the results of the hard fork. There are two version of the Ethereum now, the ETH and ETC.

There are two versions of the Ethereum competing with each other, one of them might die within a month.

If you hold ETC I would sell immediately.

miayama

sr. member

Activity: 358

Merit: 250

Quote from: miayama on July 18, 2016, 06:50:03 AM

Quote from: miayama on July 18, 2016, 06:50:03 AM

If 70% of the miners support the longest fork, and the main chain is established properly, the price will jump.

We shall know the results of the hard fork in a few days. If the price drops a lot, the miners will lose a lot of money.

We already know the results of the hard fork. There are two version of the Ethereum now, the ETH and ETC.

There are two versions of the Ethereum competing with each other, one of them might die within a month.

Rustin

newbie

Activity: 13

Merit: 0

If 70% of the miners support the longest fork, and the main chain is established properly, the price will jump.

We shall know the results of the hard fork in a few days. If the price drops a lot, the miners will lose a lot of money.

We already know the results of the hard fork. There are two version of the Ethereum now, the ETH and ETC.

miayama

sr. member

Activity: 358

Merit: 250