As far as I know it's not yet finalised, the whole ETH devs and miners are totally in the opposite about this implementation, so there are no consensus yet. We don't know, we might see some group who are opposing this might form some kind of "minority block".
So we don't know if it will grow suddenly if ever this will be implemented. It might take some time just like any other coins that has recently upgraded their system, it won't happen overnight.
Topic: there's only 4 months left to mine ETH / imagine 4 months left to mine BTC 2140? (Read 208 times)
March 20, 2021, 06:01:40 PM
March 20, 2021, 05:52:51 PM
You can't expect that to happen soon. You must see this https://eips.ethereum.org/EIPS/eip-3368
The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.
Actually that's right. However, if the ethereum network is reallyy tend to shift from PoS then the mining concept will inevitably will be gone sooner as they transfer right? The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.
You can't expect that to happen soon. You must see this https://eips.ethereum.org/EIPS/eip-3368
The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.
The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.
So that new EIP is created for testing purpose?
If Ethereum wouldn’t be mineable then how would there be new rewards for eth network supporters.
It's not for testing purpose but that's for the implementation for the what kind of improvement that will be bringing to the ethereum network. If ethereum would not be mineable and the reward was coming from the fees and staking. It's too early for me to get a conclusion about that while the battle is just in the beginning.
Ethereum is still POW and miners will be determining which EIP that should be implemented.
March 20, 2021, 05:42:05 PM
The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
For those who do currently mining ETH at the moment will already have those kind of back-up plans in mind on how they would really be switching up after this situation.So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
Im not really minding much about its price though because everything will really be depending on the demand no matter what but for sure it would really be giving
out some significant impact but lets see on what would happen on that specific time.
Im aint a miner so not that much of an idea.
March 20, 2021, 05:31:36 PM
The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
Why did you decide that EIP1559 would turn ETH into a deflationary asset? At the moment, about 5 million new coins are minted in the ETH1 and ETH2 blockchains every year. So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
Do you really think that EIP1559 will burn over 5 million coins in 1 year?
Have you read about these offers from mining pools?
https://twitter.com/etherchain_org/status/1372269004115566594
March 20, 2021, 03:51:40 PM
The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
How did bitcoin became inflationary? first time to hear from someone that it is inflationary but the reality of it having a limited supply and making its mining more difficult from time to time makes it scarce and deflationary. So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
ETH turning to POS has already been anticipated by many and that's going to change its ecosystem and many would want to hold it as it turns into a staking coin.
March 20, 2021, 01:55:15 PM
The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
Are you the one who turns of the lights at Eth? Times will tell what junk you write.So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
For now we stick to known facts.
Special addention to Peercoin staking at 1% reward since 2012, what it translates to the yearly inflation
Bitcoin never has or will have infaltion as it has fixed supply. It has emmision rate, halving every 4 years.
March 20, 2021, 01:45:07 PM
It will be very interesting to see how Ethereum will evolve, I have read really interesting things and I think that such a huge project can really grow in its value, but there are also many competitors.
The advice is not to put all the eggs in one basket.
The advice is not to put all the eggs in one basket.
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March 20, 2021, 01:26:43 PM
The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
If that happens ETh's price will be skyrocketed and because the transaction fees become more stable again many users will back in the game. that was my personal view about it. But I think the real picture was worse because the miners are stood their ground and even threatened to defy the EIP 1559 version update sounds more interesting but it will create uncertainty on the Network side.
A too good to be true proposal. I’m sure that the majority miner will oppose this proposal because it will hurt those miners that heavily invested on mining ETH. Why not devs ETH just accept there defeat embrace the technology of new blockchain project that showing an impressive result on TPS rather than implement the EIP1559.
March 20, 2021, 01:14:02 PM
The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Just the words change, there wont be ETH mining but there are staking rewards which means more coins are created, i am certainly curious to see how the staking will affect ETH in the long term as the majority who invest heavily have the final say in the entire network while the rest of the users should follow them and it is a heavily premined coin, so figure out what happens and i am expecting more issues in the future than a positive change.So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
March 20, 2021, 12:13:41 PM
The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
If that happens ETh's price will be skyrocketed and because the transaction fees become more stable again many users will back in the game. that was my personal view about it. But I think the real picture was worse because the miners are stood their ground and even threatened to defy the EIP 1559 version update sounds more interesting but it will create uncertainty on the Network side.
March 20, 2021, 12:13:25 PM
So after July there will be no more ETH mining
That's not real, maybe OP get the wrong idea about the fee machanism of EIP1559. In fact, they'll get ethereum as a reward if any users use the "Miner Tip" option to do any transection faster than others and only "Base Fee" will be burned forever. Not only this, miners will get the block reward as for mining which means , it's not over yet. 
March 20, 2021, 11:28:00 AM
I think after the launch of Ethereum 2.0 miners will switch to mining other coins primarily Ethereum Classic. So I think ETC is trading at a very sweet price right now. Ethereum network users will be interested in accumulating ETH in their wallet so that will lead to an increase in the exchange rate price over time.
In future, if every ethereum miners turn out to Mine ETC then the price of Ethereum classic will shoot up for sure because miners will hold until they reach certain profits. However, I heard that ethereum miners will still continue to mine the native coin as long as the system allows them to do. March 20, 2021, 11:06:41 AM
I think after the launch of Ethereum 2.0 miners will switch to mining other coins primarily Ethereum Classic. So I think ETC is trading at a very sweet price right now. Ethereum network users will be interested in accumulating ETH in their wallet so that will lead to an increase in the exchange rate price over time.
March 20, 2021, 09:18:14 AM
The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
I think that ethereum will definitely grow in price after July, because now the price of this coin is being held back due to the high price of gas. Usually the price of ethereum was about a tenth of the price of bitcoin, and in this case, its price should be more than five thousand dollars. The ratio is now about the same in terms of capitalization.So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
However, I think that a good price growth for ethereum will be in the fall. Therefore, this coin needs to be kept, it has a lot still ahead.
March 20, 2021, 02:55:38 AM
So that new EIP is created for testing purpose?
If Ethereum wouldn’t be mineable then how would there be new rewards for eth network supporters.
I think it's on beta and some improvement will be added later so not really sure if EIP was on testing state later on July.If Ethereum wouldn’t be mineable then how would there be new rewards for eth network supporters.
For "Rewards" basically i also still learn and reading some refrence and so far i know the miners will still get their rewards from mining Block but with lower reward but also they get extra reward from MEV (Maximal Extractable Value), it was Arbitrage Opportunities on chain proposed by Ethermine, Here the details https://www.coindesk.com/ethermine-adds-front-running-software-to-help-miners-offset-eip-1559-revenue-losses.
Well, at this time we can only learn the concepts that will be implemented later. For more details we need to wait until it's implemented later on July.
March 20, 2021, 01:40:05 AM
You can't expect that to happen soon. You must see this https://eips.ethereum.org/EIPS/eip-3368
The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.
The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.
So that new EIP is created for testing purpose?
If Ethereum wouldn’t be mineable then how would there be new rewards for eth network supporters.
March 20, 2021, 01:07:52 AM
EIP1559 was proposed to be included on London Hard Fork in July but controversial because Ethereum Miner is certainly at a disadvantage and in the hardware market there will be too much supply which makes a new crisis in my opinion. Miners are not very pleased with this proposal and so far i heard some rumour they will be do 51% attack on Ethereum chain. There will be some effect if this was implemented, On Month there will be some high price movement and maybe some bugs (?). Well we just can wait now and personally i just hope it can be implemented sooner.
March 20, 2021, 01:05:01 AM
The upgrade is not implemented yet so there might still be sudden changes, pools are against this eip1559 and some are talking about 51% attack, July isn't very far away but anything can still happen
March 20, 2021, 12:59:23 AM
You can't expect that to happen soon. You must see this https://eips.ethereum.org/EIPS/eip-3368
The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.
Actually that's right. However, if the ethereum network is reallyy tend to shift from PoS then the mining concept will inevitably will be gone sooner as they transfer right? In my opinion I don't know if the price would be beneficial to eth cause we all knew how eth big was the eth miners group and think of it as part of a king term ecosystem on eth then suddenly will be gone. There are pros and cons but predicting eth would explode still questionable just because of that reason alone. The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.
March 20, 2021, 12:49:07 AM
You can't expect that to happen soon. You must see this https://eips.ethereum.org/EIPS/eip-3368
The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.
The ethereum miners already created a new EIP to replace EIP 1559. which means there will be a long term battle to implement which EIP that will be used as a network upgrade. It's too early to say that miners will not able to mine ethereum again.
March 19, 2021, 11:46:45 PM
The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
I think that ethereum will definitely grow in price after July, because now the price of this coin is being held back due to the high price of gas. Usually the price of ethereum was about a tenth of the price of bitcoin, and in this case, its price should be more than five thousand dollars. The ratio is now about the same in terms of capitalization.So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
However, I think that a good price growth for ethereum will be in the fall. Therefore, this coin needs to be kept, it has a lot still ahead.
March 16, 2021, 11:33:22 PM
The EIP1559 upgrade in July will turn ETH into a deflationary asset while bitcoin will continue to become inflationary.
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
So after July there will be no more ETH mining, which would be the equivalent of the last 4 months left to mine bitcoin in roughly the year 2140.
Is this correct and what effects do you guys think this will have on ETH price and the entire crypto ecosystem?
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