Anybody using ETH REWARD App? (android)
Anybody get paid from this App?
I am using this app and collecting Ethereum.
I hope this is not scam.
Any Help?
Topic: Ethereum's Block Reward might be reduced from 5 ETH to 1.5 ETH (Read 12276 times)
January 24, 2017, 06:30:24 AM
Market must also respond, increase prices, because there are many people mining for producing Ethereum as an investment. Of course the mining power market will react and level profit on all other coins (ETC,XMR,ZEC).
January 20, 2017, 09:37:28 PM
And this is final right? Not a proposal but a final decision by eth devs, correct?
Yes its been coded when Homestead was released last year, maybe in Metropolis they will extend it a little. Who knows.
Miners are in it for one purpose: Money. Eth value goes down? Oh let me go to whattomine and see what's worth my time.
You do realize there is something called Difficulty. So people stop mining one coin and move on to the next and the difficulty can skyrocket on that coin unless the daily miners reward is equal. Currently that other coin is ZEC. XMR has a miners reward of maybe 25% of ETH.
Your only hope is people stop mining because their electricity costs more than their profits.
January 20, 2017, 03:06:49 PM
They have proposed another EIP.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
At the beginning i was very excited about ETH, but considering massive ICO, extremely selfish developers, the DAO-fork and now this try to increase price reducing block reward..
I've lost al my interest in this coin.
I will eventually mine it when it's the most profitable, but only for a speculative interest
bye bye!! Where will you go now , ha ha haaa
This guys acts like miners won't have another coin! LMFAO Eth is purely a coin you mine and dump. DApps have no purpose in the real world, and those that are creating dApps for Eth are wasting their time.
Miners are in it for one purpose: Money. Eth value goes down? Oh let me go to whattomine and see what's worth my time.
January 20, 2017, 02:40:36 PM
Yeah but 30 second block times are still faster than Bitcoins so the network will still run. It just won't be profitable anymore especially since the difficulty can double by next August, and add the doubling of the block times, means profits going down by 4 times.
So $100 daily profit will become $25 daily profit sometime in the next 7 months.
So $100 daily profit will become $25 daily profit sometime in the next 7 months.
And this is final right? Not a proposal but a final decision by eth devs, correct?
January 20, 2017, 06:56:04 AM
Yeah but 30 second block times are still faster than Bitcoins so the network will still run. It just won't be profitable anymore especially since the difficulty can double by next August, and add the doubling of the block times, means profits going down by 4 times.
So $100 daily profit will become $25 daily profit sometime in the next 7 months.
So $100 daily profit will become $25 daily profit sometime in the next 7 months.
January 20, 2017, 05:50:21 AM
So, from August 15th block time will be 30 sec correct? If I understand it correctly.
Block time is not deterministic, so it can vary a bit. But yeah, it will happen around the middle of august
30 seconds ? It will be disaster, if you look at the popularity of ether you can see that it is growing. Many projects use ethereum blockchain for their tokens. The popularity will continue to grow and the network is congested, the blocks will be overflowing like Bitcoin.
January 20, 2017, 05:38:03 AM
So, from August 15th block time will be 30 sec correct? If I understand it correctly.
Block time is not deterministic, so it can vary a bit. But yeah, it will happen around the middle of august
January 19, 2017, 12:18:47 PM
So, from August 15th block time will be 30 sec correct? If I understand it correctly.
January 19, 2017, 09:56:18 AM
Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19
So looks like the difficulty bomb has officially started, so far not having much of an impact.
Ethereum classic already forked to get rid of it.
Any idea if Metropolis might alter the difficulty bomb dates?
Do you think that price will increase so that mining remains profitable?
There is no correlation with price and mining profitability.
I know that, I was just asking for your guess.
It seems that in the next 90dayish we can still mine without any major difference
Yes next 90 days, as long as ZEC doesn't crash as well there should be little difference. But in the late Spring/Summer then it will get really difficult.
January 19, 2017, 09:23:15 AM
Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19
So looks like the difficulty bomb has officially started, so far not having much of an impact.
Ethereum classic already forked to get rid of it.
Any idea if Metropolis might alter the difficulty bomb dates?
Do you think that price will increase so that mining remains profitable?
There is no correlation with price and mining profitability.
I know that, I was just asking for your guess.
It seems that in the next 90dayish we can still mine without any major difference
January 19, 2017, 09:06:27 AM
Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19
So looks like the difficulty bomb has officially started, so far not having much of an impact.
Ethereum classic already forked to get rid of it.
Any idea if Metropolis might alter the difficulty bomb dates?
Do you think that price will increase so that mining remains profitable?
There is no correlation with price and mining profitability.
January 19, 2017, 08:40:22 AM
Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19
So looks like the difficulty bomb has officially started, so far not having much of an impact.
Ethereum classic already forked to get rid of it.
Any idea if Metropolis might alter the difficulty bomb dates?
Do you think that price will increase so that mining remains profitable?
January 19, 2017, 04:55:55 AM
Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19
So looks like the difficulty bomb has officially started, so far not having much of an impact.
Ethereum classic already forked to get rid of it.
Any idea if Metropolis might alter the difficulty bomb dates?
January 04, 2017, 09:39:23 AM
They have proposed another EIP.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
At the beginning i was very excited about ETH, but considering massive ICO, extremely selfish developers, the DAO-fork and now this try to increase price reducing block reward..
I've lost al my interest in this coin.
I will eventually mine it when it's the most profitable, but only for a speculative interest
bye bye!! Where will you go now , ha ha haaa
January 04, 2017, 08:00:42 AM
They have proposed another EIP.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
At the beginning i was very excited about ETH, but considering massive ICO, extremely selfish developers, the DAO-fork and now this try to increase price reducing block reward..
I've lost al my interest in this coin.
I will eventually mine it when it's the most profitable, but only for a speculative interest
January 04, 2017, 07:33:47 AM
They have proposed another EIP.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
but apparently they were fine when vitalik dumped is 1M in etheruem, good grief the etheruem comunity is retarded, any coin without pow will die eventually
pow work good Bitcoin is the best example you have...although the block reward/time was kinda off on ethereum form the start, there is indeed too much daily production
January 04, 2017, 07:24:05 AM
They have proposed another EIP.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
Mine now, get paid later?
BUWAHAHAHA!!!!
Do they propose to pay their developers salaries in non-vested Ether as well?
I've got a proposal for them..
work hard now, get paid in 2020.
January 03, 2017, 09:45:55 PM
They have proposed another EIP.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
https://github.com/ethereum/EIPs/issues/189
Basically we will get the 5 ETH block reward however we won't be able to sell it until after ETH goes POS. Seems nobody likes miners anymore. And will do anything to promote a price pump.
Mine now, get paid later?
BUWAHAHAHA!!!!
Do they propose to pay their developers salaries in non-vested Ether as well?
January 03, 2017, 05:02:35 PM
Lots of controversary in this subject. There are many that disagree which is good news and things might be left the way they are. Especially since ETH is finally starting to rally.
However keep in mind the original ICE AGE still stands, here is the projections
Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19
So keep in mind that we will most likely only be able to mine until mid 2017 and then, the block times will increase so its no longer worth mining.
So most of your new RX GPUs should be ROI'd by then.
However keep in mind the original ICE AGE still stands, here is the projections
Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19
So keep in mind that we will most likely only be able to mine until mid 2017 and then, the block times will increase so its no longer worth mining.
So most of your new RX GPUs should be ROI'd by then.
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