Etherium hard fork possibly today???

cellard

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Quote from: Poink on September 09, 2017, 10:48:22 AM

Quote from: cellard on September 09, 2017, 10:30:55 AM

I hope the gear that is used to be mined for ETH can be used somewhere else, otherwise it is a disaster, all the miners mining ETH will be forced to sell their gear.

While there are video cards that are "specialized" I believe most can be easily re-directed to mine other coins. Most don't want change since the current set-up payment is good.

I know a little about this because we also mine a little with 2 rigs.

Im not talking about videocards, these are casual miners. I mean ASICs, or any machines that are specialized in mining whatever algorithm a coin uses.

Does ETHhash have ASIC or any specialized gear to mine, or is the hashrate of ethereum all mined on farms of GPU's?

If it's specialized hardware, then can this specialized hardware be reused onto other algorithms, if so what are these?

bitcoinvestor

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Quote from: Ewox on September 09, 2017, 07:00:07 PM

Never heard anything about a possibility of hardfork from Ethereum but if it is to happen today then a lot would be waiting for the dumping of Ethereum and investors even traders will be waiting to buy them too. But I highly doubt it is happening though, no big news about this event happening.

No big news , yes, when there is hardfork , there will be debat before that. I see no anything urgent, so relax and I think everything is OK. NEO is Chinese ETH, Eth no need hardfork Chinese has made by themselves.

Ewox

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Never heard anything about a possibility of hardfork from Ethereum but if it is to happen today then a lot would be waiting for the dumping of Ethereum and investors even traders will be waiting to buy them too. But I highly doubt it is happening though, no big news about this event happening.

mvillar

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The reddit post says the fork would happen not now, but at the Metropolis Byzantium go live. So both forks are expected at the same time.

itsonlikedonkeykong

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Quote from: cellard on September 09, 2017, 10:30:55 AM

Quote from: Red-Apple on September 09, 2017, 07:50:55 AM

Quote from: Poink on September 09, 2017, 06:31:08 AM

So Metropolis Byzantium update might go live next month and as a prep, some Chinese miners/investors are forcing a possible sudden ETH hard fork, possibly as early as today.

no miner wants this fork!

do you know what this fork does? it puts an end to mining by changing ETH! that means all the investment these miners have made in their mining rigs is down the toilet because they can no longer mine it.

do you still think miners are pushing for this fork?

Quote

Is this a good thing or a bad thing?

the fork in general is a very bad thing in my opinion. first of all it is changing ETH fundamentally and that is always bringing unexpected things which are not good.
on top of it, this fork will make the rich super rich. meaning the devs who hold 72 million premined coins will become super rich by staking their coins and doing absolutely nothing.

in other words ethereum will become less and less fair every day.

Well this is an obvious realization that I didn't mention and a lot of people is not realizing as well: Once the PoW to PoS change happens, all of the current hashrate invested in Ethereum (ETH) is going to be going somewhere else... this is an interesting speculation: where the hashrate will go at? It's obvious they aren't going to sell all that gear so it's an allocation of hashrate that's comming and pretty big.

According to this, ETH uses "Ethash", what the hell is that?

I hope the gear that is used to be mined for ETH can be used somewhere else, otherwise it is a disaster, all the miners mining ETH will be forced to sell their gear.

Amazing how far off the BTC/ETH numbers are today!

BTC

$70B+

ETH

$27B+

Mr. Net

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Quote from: maeusi on September 09, 2017, 03:15:26 PM

Should we then quickly buy Ethereum, to gain the new ETH or is it to late? Thaught, hard fork will come in October.

Lmao, its a bit late at this point.

Short term technical analysis tends to be more reliable than fundamentals.

Fundamentals are applicable long term.

maeusi

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Should we then quickly buy Ethereum, to gain the new ETH or is it to late? Thaught, hard fork will come in October.

Mr. Net

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Quote from: Samarkand on September 09, 2017, 12:37:01 PM

Quote from: Mr. Net on September 09, 2017, 11:22:48 AM

The fork with the best development support is the most likely one to succeed long term.

This is also why ETC is inferior to ETH. ETH has the better dev team.

What makes you so sure that all the development teams that currently work on Ethereum-based
projects will continue working on them? Many of them were originally developing Bitcoin-based applications
and switched to Ethereum, because of several reasons (e.g. the stalling of BTC development due to issues
like the scaling debate).

I see a highly likely scenario that a promising new coin/network that is much more advanced than Ethereum
will be developed in 1-2 years that will attract a lot of the development talent that currently
works on Ethereum-based projects.
Most developers go to the coin/protocol that offers the biggest possibilities and the biggest hype (and probably
also the most money).

My argument was framed only within ETH forks.
But I absolutely agree that a more scalable platform is most likely going to replace current ones.
One of them for example is the one I am working on.

Samarkand

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Quote from: Mr. Net on September 09, 2017, 11:22:48 AM

The fork with the best development support is the most likely one to succeed long term.

This is also why ETC is inferior to ETH. ETH has the better dev team.

What makes you so sure that all the development teams that currently work on Ethereum-based
projects will continue working on them? Many of them were originally developing Bitcoin-based applications
and switched to Ethereum, because of several reasons (e.g. the stalling of BTC development due to issues
like the scaling debate).

I see a highly likely scenario that a promising new coin/network that is much more advanced than Ethereum
will be developed in 1-2 years that will attract a lot of the development talent that currently
works on Ethereum-based projects.
Most developers go to the coin/protocol that offers the biggest possibilities and the biggest hype (and probably
also the most money).

thejaytiesto

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Activity: 1358

Merit: 1014

Quote from: Gecko8 on September 09, 2017, 11:23:38 AM

What does this actually mean, when Ethereum get forked? Does Ethereum holders than have another Ethereum classic kind of coin in parallel to the Ethereum they are already holding. So similar to BTC and BCC? And how would this one be called?

Ethereum has to fork sometime in order to get rid of PoW and just function under PoS.. this means that the early adopters (basically the devs...) will have even more deciding power no the system because as far as I know the Ethereum distribution sucked, so PoS will make it worse.

Ironically, it may actually pump pre-hardfork because some people like to buy whatever token is about to hardfork in order to receive the token on the other chain after the split.
Of course all hardforks tend to cause disruption and a followed crash so im not saying it's a good idea for you to go buy ETH before the crash unless you like risk and manage to time things right.

Gecko8

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What does this actually mean, when Ethereum get forked? Does Ethereum holders than have another Ethereum classic kind of coin in parallel to the Ethereum they are already holding. So similar to BTC and BCC? And how would this one be called?

Mr. Net

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Merit: 502

The fork with the best development support is the most likely one to succeed long term.

This is also why ETC is inferior to ETH. ETH has the better dev team.

Poink

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Quote from: energycom on September 09, 2017, 11:11:21 AM

Quote from: Poink on September 09, 2017, 06:31:08 AM

So Metropolis Byzantium update might go live next month and as a prep, some Chinese miners/investors are forcing a possible sudden ETH hard fork, possibly as early as today.

Chinese again...why am I not surprised?

Is this a good thing or a bad thing?

EDIT: Add source.

https://www.reddit.com/r/EtherMining/comments/6ywlxg/update_from_todays_ethereum_core_dev_call_for/

If this is true, it's good news. China likes manipulative actions so that they think they can manage the market. They won't be doing something dangerous for ether. They're also holding great amount of it.

China makes the most out of mining so it is their bread and butter and understandably protecting it. They are doing this because ETH is about to exhaust supply. Same with BTC and payout is getting less because of increased difficulty.

This is the part I dislike about mineable coins, they just keep forking to keep "work".

energycom

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Quote from: Poink on September 09, 2017, 06:31:08 AM

So Metropolis Byzantium update might go live next month and as a prep, some Chinese miners/investors are forcing a possible sudden ETH hard fork, possibly as early as today.

Chinese again...why am I not surprised?

Is this a good thing or a bad thing?

EDIT: Add source.

https://www.reddit.com/r/EtherMining/comments/6ywlxg/update_from_todays_ethereum_core_dev_call_for/

If this is true, it's good news. China likes manipulative actions so that they think they can manage the market. They won't be doing something dangerous for ether. They're also holding great amount of it.

senin

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Merit: 137

If the etherium stops producing because of holding a rigid fork, this, in my opinion, will lead to an increase in its price due to the fact that it, as well as bitcoin, will gain more function as a way of accumulating value instead of a payment function. Let's see what happens with the etherium after that.

MV7

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Activity: 322

Merit: 107

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Today? I'm pretty doubtful anything will happen soon, or it would have been huge news here.

Kaffo

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Activity: 39

Merit: 0

Probably after October 9

Poink

full member

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Quote from: cellard on September 09, 2017, 10:30:55 AM

I hope the gear that is used to be mined for ETH can be used somewhere else, otherwise it is a disaster, all the miners mining ETH will be forced to sell their gear.

While there are video cards that are "specialized" I believe most can be easily re-directed to mine other coins. Most don't want change since the current set-up payment is good.

I know a little about this because we also mine a little with 2 rigs.

cellard

legendary

Activity: 1372

Merit: 1252

Quote from: Red-Apple on September 09, 2017, 07:50:55 AM

Quote from: Poink on September 09, 2017, 06:31:08 AM

So Metropolis Byzantium update might go live next month and as a prep, some Chinese miners/investors are forcing a possible sudden ETH hard fork, possibly as early as today.

no miner wants this fork!

do you know what this fork does? it puts an end to mining by changing ETH! that means all the investment these miners have made in their mining rigs is down the toilet because they can no longer mine it.

do you still think miners are pushing for this fork?

Quote

Is this a good thing or a bad thing?

the fork in general is a very bad thing in my opinion. first of all it is changing ETH fundamentally and that is always bringing unexpected things which are not good.
on top of it, this fork will make the rich super rich. meaning the devs who hold 72 million premined coins will become super rich by staking their coins and doing absolutely nothing.

in other words ethereum will become less and less fair every day.

Well this is an obvious realization that I didn't mention and a lot of people is not realizing as well: Once the PoW to PoS change happens, all of the current hashrate invested in Ethereum (ETH) is going to be going somewhere else... this is an interesting speculation: where the hashrate will go at? It's obvious they aren't going to sell all that gear so it's an allocation of hashrate that's comming and pretty big.

According to this, ETH uses "Ethash", what the hell is that?

I hope the gear that is used to be mined for ETH can be used somewhere else, otherwise it is a disaster, all the miners mining ETH will be forced to sell their gear.

Pasutinmeur

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Activity: 302

Merit: 100

Quote from: Red-Apple on September 09, 2017, 07:50:55 AM

Quote from: Poink on September 09, 2017, 06:31:08 AM

So Metropolis Byzantium update might go live next month and as a prep, some Chinese miners/investors are forcing a possible sudden ETH hard fork, possibly as early as today.

no miner wants this fork!

do you know what this fork does? it puts an end to mining by changing ETH! that means all the investment these miners have made in their mining rigs is down the toilet because they can no longer mine it.

do you still think miners are pushing for this fork?

Quote

Is this a good thing or a bad thing?

the fork in general is a very bad thing in my opinion. first of all it is changing ETH fundamentally and that is always bringing unexpected things which are not good.
on top of it, this fork will make the rich super rich. meaning the devs who hold 72 million premined coins will become super rich by staking their coins and doing absolutely nothing.

in other words ethereum will become less and less fair every day.

Just like what already happened with the bitcoin, Your word is also related to the bitcoin too, but why are you not trying to prevent the bitcoin fork? Rome wasn't built just in a day.
But i thanks for the bitcoin fork to make my self become more rich caused by the free bucks from bitcoin cash. Roll Eyes

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