**** Official Ethereum QA thread **** - page 4.

Ursium

full member

Activity: 149

Merit: 100

Ethereum

Quote from: koby on March 05, 2014, 05:57:43 PM

How much Can I earn if I will buy 2,000 Ethereum? I want to make at least 2 million

I wouldn't recommend investing anything anywhere for speculative purposes. Please reconsider as speculation is incredibly dangerous, and unwise. I would rather if you read a little bit more as to what we are trying to achieve, and if you still think it's a good idea, purchase only what you can afford to lose. This is true for any investment.

Ursium

full member

Activity: 149

Merit: 100

Ethereum

Quote from: ciscokid on March 04, 2014, 10:23:12 AM

Thanks for the reply.

So what will be the " fixed percentage of what was raised in the ether sale." ? An estimate is fine.

I guess what I am trying to figure out is what would be the better way to go, build a mining rig, or invest in the IPO the same amount that I would spend on the rig.

Fair questions, the previous number we used was 0.4x of what was raised going to miners. Say that represents 100,000 ether (making numbers up for the sake of example here), then 100,000 ether will be mine the first year. 100,000 (the same number) will be mined the second year. The 3rd, 4th, 5th... etc same thing. Hence, decreasing inflation.

As for 'what is the better way to go', well, I don't think anyone can tell, including us, because Ether is subject the same market forces as anything else, and what mining resources you have are unique to you.

koby

full member

Activity: 168

Merit: 100

How much Can I earn if I will buy 2,000 Ethereum? I want to make at least 2 million

poornamelessme

hero member

Activity: 1204

Merit: 509

Whenever they do this, I hope they give enough time beforehand in case we need to get btc from coinbase (or wherever). I am not sure if I'll invest or not, but it'll be annoying if I decide to take part, then coinbase holds up my coins for a week+, and then the 1st week bonus is over. They really should announce the sale a month in advance, with a set date ... that way, everyone can make an informed decision and get any funds moved over in time. So in other words, it's better to start this in April than a week or so from now.

scotjam

sr. member

Activity: 269

Merit: 250

Quote from: ciscokid on March 04, 2014, 10:23:12 AM

Thanks for the reply.

So what will be the " fixed percentage of what was raised in the ether sale." ? An estimate is fine.

I guess what I am trying to figure out is what would be the better way to go, build a mining rig, or invest in the IPO the same amount that I would spend on the rig.

I'm guessing the algorithm used is very important to inform that decision, and IIRC they're hosting an AES-style competition to select it

ciscokid

newbie

Activity: 39

Merit: 0

Thanks for the reply.

So what will be the " fixed percentage of what was raised in the ether sale." ? An estimate is fine.

I guess what I am trying to figure out is what would be the better way to go, build a mining rig, or invest in the IPO the same amount that I would spend on the rig.

Ursium

full member

Activity: 149

Merit: 100

Ethereum

Quote from: ciscokid on March 04, 2014, 05:09:47 AM

Can we please get a reply to this prior to the IPO.

"So if I invest 1 BTC and get my 2,000 or so Ether, what happens when people start mining? Is some dude with a jacked up rig going to be able to mine 10,000,000 Ether in the first couple hours? How is this being handled so that my investment is actually worth something?"

#1 - we haven't announced the structure of the Ether sale yet
#2 - that's not how mining works, thankfully

Just like Bitcoin, inflation comes from mining. The amount that can be mined is controlled by the network, and corresponds to a fixed percentage of what was raised in the ether sale. This is mean inflation is rapidly decreasing year on year, eventually tending to 0.

ciscokid

newbie

Activity: 39

Merit: 0

Can we please get a reply to this prior to the IPO.

"So if I invest 1 BTC and get my 2,000 or so Ether, what happens when people start mining? Is some dude with a jacked up rig going to be able to mine 10,000,000 Ether in the first couple hours? How is this being handled so that my investment is actually worth something?"

Ursium

full member

Activity: 149

Merit: 100

Ethereum

Quote from: BittBurger on March 02, 2014, 11:37:51 PM

What is Ethereum?

just kidding

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

If you want some REAL investors, I have the Glangarry leads. But first you must outsell Mastercoin.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: Come-from-Beyond on February 28, 2014, 02:23:20 AM

HFT is impossible.

Sounds like a positive

BittBurger

hero member

Activity: 924

Merit: 1001

What is Ethereum?

just kidding

Ursium

full member

Activity: 149

Merit: 100

Ethereum

Quote from: ALBORCA on March 02, 2014, 06:06:12 PM

Is this a coin and can we buy it !?

It's both a programing language and a decentralized distribution platform that borrows from the bitcoin concept of distributed consensus, and applies to contracts.

It has an internal 'fuel' called ether which can be traded (that would be your 'coin'), in order to prevent people from running infinite loops and so on.

As to when you can buy it, we haven't announced anything yet, but likely during the course of March.

Cheers!

ALBORCA

member

Activity: 63

Merit: 10

Is this a coin and can we buy it !?

Ursium

full member

Activity: 149

Merit: 100

Ethereum

Quote from: CLains on March 02, 2014, 07:57:42 AM

How many days/weeks of notice will you give for the pre-sale?

Good question, for which I do not have an answer unfortunately Sad

I know however that whatever reward level exists for 'early birds' will last for at least 7 days.

CLains

sr. member

Activity: 256

Merit: 250

Quote from: Ursium on March 01, 2014, 10:27:12 PM

Quote from: koby on March 01, 2014, 01:32:36 PM

When Do you think will We be able to buy Ether coin?

We haven't announced anything yet, but we are looking an Ether pre-sale likely to take place during March.

How many days/weeks of notice will you give for the pre-sale?

Ursium

full member

Activity: 149

Merit: 100

Ethereum

Quote from: koby on March 01, 2014, 01:32:36 PM

When Do you think will We be able to buy Ether coin?

We haven't announced anything yet, but we are looking an Ether pre-sale likely to take place during March.

Ursium

full member

Activity: 149

Merit: 100

Ethereum

Quote from: wktian on March 01, 2014, 12:54:19 PM

When will the mining start?

If you mean the mainnet mining, it will start when the project is launched live, Q4 of this year.

benjyz

full member

Activity: 140

Merit: 107

Quote from: majik on March 01, 2014, 11:19:13 AM

where can I learn more about all this? Reference sites would be appreciated.

it's a bit like hacking - a lot of is private knowledge and public information is usually inaccurate / unimportant. best bet is http://www.nuclearphynance.com . the boom in the HFT world is mostly over though. the social utility of HFT is remarkably similar to miners. it is conceivable that cryptoexchanges can outpace other exchanges, but not over the internet.

koby

full member

Activity: 168

Merit: 100

Quote from: Ursium on March 01, 2014, 12:45:34 PM

Quote from: koby on March 01, 2014, 12:26:43 PM

How do I make money with Ethereum?

Same way you make money with say, Java or C++.
Build a startup, write a program, write a book, etc.
You can also purchase Ether at Exchanges when it comes out, or mine etc.

When Do you think will We be able to buy Ether coin?

Topic: **** Official Ethereum QA thread **** - page 4. (Read 34551 times)

Topic: Official Ethereum QA thread - page 4. (Read 34551 times)