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Topic: Etherium hard fork possibly today??? - page 2. (Read 1273 times)

hero member
Activity: 770
Merit: 500
Bazinga!
September 09, 2017, 08:23:56 AM
#12
I think you got it backwards on miners.  They are the one who are pushing for it because ETH is about to run out and the reason why it is being converted to POS (vs POW).  There is hardly any left to mine so what do they do?  Create a fork that have enough supply they can mine for the next several decades.

unlike most other altcoins, ethereum never had any cap. any decent way of distribution like halving and other stuff. the block rewards is still as high as ever. it will never run out. as long as PoW is alive and the difficulty bomb has not gone off, the blocks will give the same amount of reward as before.

one of the criticisms to ETH is exactly this fact that there has never been any cap. or any clear plans! it just keeps being created.
full member
Activity: 350
Merit: 122
September 09, 2017, 08:13:47 AM
#11
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.

I think you got it backwards on miners.  They are the one who are pushing for it because ETH is about to run out and the reason why it is being converted to POS (vs POW).  There is hardly any left to mine so what do they do?  Create a fork that have enough supply they can mine for the next several decades.

The pre-mined portion stinks like shit to me...and I agree with you.
hero member
Activity: 1470
Merit: 655
September 09, 2017, 07:50:55 AM
#10
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.
hero member
Activity: 728
Merit: 500
September 09, 2017, 07:46:53 AM
#9
I suppose replay protection is included this time. Since they have had well over a year to prepare for it.
legendary
Activity: 1372
Merit: 1252
September 09, 2017, 07:34:30 AM
#8
Give us your source... Never heard of that elsewhere. Hard fork of Ethereum would be HUGE news and everybody would be talking about it

But that would be great for me as I have Etherum in my wallet Cheesy



This has been in the know for months for anyone that has been paying attention to the Ethereum development.

The explaination is rather simple: Ethereum will undergo a big change, particularly it will go from PoW to PoS amongst other things in the hardfork.

As always, some people is against these hardforks, which means, we can end up effectively (if there is enough hashrate and enough liquidity and I predict it will) with up to 4, yes, four Ethereums! Imagine the clusterfuck.

Hopefully Segwit2x camps learns something from what's coming to Ethereum so we can avoid ending up with 3 Bitcoins by November.
newbie
Activity: 21
Merit: 0
September 09, 2017, 07:28:52 AM
#7
I seriously doubt a hardfork will happen out of the blue.
full member
Activity: 868
Merit: 100
September 09, 2017, 07:27:25 AM
#6
Wow!!

Really, ETH will undergo hard fork today? I mean I knew they were suppose to hop over to POS but that wasn't suppose to take place anytime soon.

To be honest, I would like to wait till the end of the day and see what happens next.

Will keep an eye on this thread for sure.
full member
Activity: 270
Merit: 100
September 09, 2017, 07:00:44 AM
#5
How mining at etherium? Huh
newbie
Activity: 57
Merit: 0
September 09, 2017, 06:59:01 AM
#4
I guess later today we'll discover if this rumour has any base.
member
Activity: 98
Merit: 10
September 09, 2017, 06:42:41 AM
#3
never hear about this.
it is a huge NEWS in Etherium.
full member
Activity: 403
Merit: 101
September 09, 2017, 06:36:30 AM
#2
Give us your source... Never heard of that elsewhere. Hard fork of Ethereum would be HUGE news and everybody would be talking about it

But that would be great for me as I have Etherum in my wallet Cheesy

full member
Activity: 350
Merit: 122
September 09, 2017, 06:31:08 AM
#1
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/
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