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Topic: What will happen after ETH goes POS? (Read 612 times)

hero member
Activity: 2898
Merit: 529
Leading Crypto Sports Betting & Casino Platform
January 13, 2019, 09:16:17 AM
#55
If you focus on the goals of the project that they set for themselves, then we can say that the ETH project is switching to POS and was trying to reduce the price per transaction, just trying to increase the speed of transactions, so now it's still better to use it.
It will not be moving toward full POS system, it has stated in the Serenity whitepaper if ethereum will try to use hybrid POS combined with POW system which still allow the miners to mine ethereum in the Network to keep it decentralized.
member
Activity: 546
Merit: 10
January 13, 2019, 08:50:18 AM
#54
If you focus on the goals of the project that they set for themselves, then we can say that the ETH project is switching to POS and was trying to reduce the price per transaction, just trying to increase the speed of transactions, so now it's still better to use it.
full member
Activity: 924
Merit: 220
January 07, 2019, 10:33:57 AM
#53
You should have not worry because ethereum has already a good system. If they will going to.have an upgrade with their system then you can be notice it with the users here in the forum that will be most likely to talk about crypto news and update that may going to.affect crypto market price movement. Relatively if ETH will going to have a hard fork then definitely market price for the crypto will be affected and users or investors will keep whinning until you will going to.notice it.
hero member
Activity: 1190
Merit: 541
January 07, 2019, 10:30:08 AM
#52
I think ethereums biggest problem was the owners of ICO and Dapp and so forth selling the ethereums they have to get profits and so forth.

After you do an ICO and people give you millions of dollars in ethereum to make the coin bigger what would be your next logical step? You would sell ethereum to fund the project and make the things you promised a reality. After that? You keep on selling to pay for expenses, salaries, advertisements and marketing. Hence ethereum had that problem.

However, thanks to this new staking system all these cryptokitties like dapps and all the new ICO and STO things will be getting ethereum and keeping it in their wallet as much as possible to stake as much as they can and make money without selling them. Even if they do they will try to just sell the interest.
full member
Activity: 672
Merit: 100
January 07, 2019, 10:10:23 AM
#51
I think that the price will have to go down, because now the price contains the price, which is also formed from mining, this is just my assumption, everything could be different. As they say, wait and see.
member
Activity: 420
Merit: 10
January 07, 2019, 10:00:06 AM
#50
All ETH miners will no longer have jobs. And maybe they will give up all and the ETH price might drop after the hard fork is completed. that's my fear for ETH when it moves to POS
Why won't they have a job ? there are other coins on the market that also have a perspective , I do not think that the transition to pos will affect the price in a negative moment, I think there will be growth
hero member
Activity: 1148
Merit: 528
January 07, 2019, 04:33:32 AM
#49
After Ethereum POS, there would be no new coin created. The upgrade will improve the ethereum blockchain and will make it more efficient and faster.
As far as I am concerned, POS algorithm has nothing to do with efficiency and faster from POW. I mean to say both POS and POW are equally efficient and faster. But, after POS will be implemented into etehreum network, I am expecting more people start mining by holding large number of ethereum which will be leading to huge price increase in coming months. I'm eagerly waiting for ethereum to adopt POS.

All ETH miners will no longer have jobs. And maybe they will give up all and the ETH price might drop after the hard fork is completed. that's my fear for ETH when it moves to POS
I do not think that miners will be holding large number of their own mined ethereums. Usually miners will go for selling their mining rewards time to time so that they are able to cover their mining costs. There will be very less possibility for dumping once ethereum will be entering into POS mode of mining.
full member
Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
January 07, 2019, 04:31:24 AM
#48
All ETH miners will no longer have jobs. And maybe they will give up all and the ETH price might drop after the hard fork is completed. that's my fear for ETH when it moves to POS
copper member
Activity: 140
Merit: 0
WWW.BLOCKCHAIN021.COM
January 07, 2019, 04:30:01 AM
#47
From what I see, Ethereum will have to Hard Fork to switch to Proof of Stake. This means your Ethereum should be duplicated between the PoW Eth and PoS Eth, as long as your Ethereum is in a personal wallet and  not on an exchange. Though I'd imagine the PoW Eth isn't going to be worth as much after the fork.


Yes, the update might change the value of Eth basically, the mining will be transaformed from Proof of Work to proof of stake. I guess it will benefit the miners too much and I am just curious about why Binance is supporting the upcoming Ethereum constantinople hardfork when you say the Ethereum should be on personal wallet and not on exchange wallets?
full member
Activity: 280
Merit: 100
January 07, 2019, 03:51:22 AM
#46
        If ETH POW and ETH POS exist, this will be beneficial to ethereum. Many investors will choose Ethereum and will certainly positively affect the price of Ethereum. Ethereum will remain the same currency, we do not have to worry, only the algorithm will change.
member
Activity: 168
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False Moon
January 07, 2019, 03:21:35 AM
#45
POS can effectively suppress people's dumping tendency and reduce mining costs, but POS still can't avoid centralization. It may lead to the birth of another new type of whale. In fact, it is even more prone than POW whales.
And in the process of POW to POS conversion, there will probably be many boycotts from miners, their mining machines will be invalid, which is a big loss.
jr. member
Activity: 280
Merit: 2
January 07, 2019, 03:14:30 AM
#44
From what I see, Ethereum will have to Hard Fork to switch to Proof of Stake. This means your Ethereum should be duplicated between the PoW Eth and PoS Eth, as long as your Ethereum is in a personal wallet and  not on an exchange. Though I'd imagine the PoW Eth isn't going to be worth as much after the fork.
Proof of stake ( pos)  is the future of all cryptocurrency and we should all Be glad it is here because for a while Now Proof of work (pow)  hasn't been work as we except,  Pos is faster,  energy saving and miners would make more profit and as long has you have your ETH in your private Wallet and not exchange wallet after the Snapshot you would get some percentage of the new Eth in your wallet
hero member
Activity: 2912
Merit: 613
Winding down.
January 05, 2019, 09:29:18 PM
#43
I dont know about ethereum become POS because i think its good for ethereum keep to be POW coin. But i dont understand about this hard fork. I am just hoping with this constantinopel, ethereum price can recover again at least back to above $300  Grin
That's why we need a change or an upgrade, with this things, we hope it will turn to the positive side.
Now, ETH is one of the most profitable coin if you invested last month, it has slowly rise and we will surely be back above $300 in time which is this year.
member
Activity: 700
Merit: 10
January 05, 2019, 09:09:47 PM
#42
I dont know about ethereum become POS because i think its good for ethereum keep to be POW coin. But i dont understand about this hard fork. I am just hoping with this constantinopel, ethereum price can recover again at least back to above $300  Grin
full member
Activity: 630
Merit: 101
January 05, 2019, 07:50:51 PM
#41
I think that Ethereum will not soon switch to PoS. It is difficult for me to predict what the market will be like and how it will affect the Ethereum. If the update is successful, it should benefit the Ethereum, but I’m not sure that this will lead to an increase in prices.
member
Activity: 425
Merit: 10
January 05, 2019, 07:37:58 PM
#40
After Ethereum POS, there would be no new coin created. The upgrade will improve the ethereum blockchain and will make it more efficient and faster.
hero member
Activity: 2898
Merit: 529
Leading Crypto Sports Betting & Casino Platform
January 05, 2019, 07:12:08 PM
#39
Hi guyz, happy new year.
Do you know how many Eth would be necessary to run a "node" in order to stake, 5% return inv. per year as?
Tia.
According to some discussions and you will need at least 32 ethereum to stake it in the ethereum network. How much return depends on the how much ethereum that you have staked it to the network, as far as i know you will get a stake wallet and then there will be a lock-up period for your ethereum

32, thank you Jeff, I have seen info about it since, do you know when this could occur, any estimation, tia.

Pretty cool article not mentioning eth staking tho : "https://coinswitch.co/news/ethereum-hard-fork-jan-19-know-everything-about-3-upcoming-eth-hard-forks" 05 January, 2019.

It's not but if you are reading lauve whitepaper and it has mentioned the number of how much needed to become a validator in the POS casper ethereum.
It has stated in serenity article created by vitalik if 1250 ether is needed to become a validator in the POS casper but i don't know if the increases price of ethereum will affect how much needed to become a casper validator.  and 1500 if you are reading EIP1011. But about which will use still not yet determined.
full member
Activity: 510
Merit: 100
BBOD fast, non-custodial & transparent Exchange
January 05, 2019, 06:16:01 PM
#38
As far as I know the miners will be drastically affect on the upcoming Ethereum hard fork due to the decreasing of block rewards but the network will run much smoother and faster compare to its current system.
legendary
Activity: 2590
Merit: 1089
January 05, 2019, 06:01:00 PM
#37
Hi guyz, happy new year.
Do you know how many Eth would be necessary to run a "node" in order to stake, 5% return inv. per year as?
Tia.
According to some discussions and you will need at least 32 ethereum to stake it in the ethereum network. How much return depends on the how much ethereum that you have staked it to the network, as far as i know you will get a stake wallet and then there will be a lock-up period for your ethereum

32, thank you Jeff, I have seen info about it since, do you know when this could occur, any estimation, tia.

Pretty cool article not mentioning eth staking tho : "https://coinswitch.co/news/ethereum-hard-fork-jan-19-know-everything-about-3-upcoming-eth-hard-forks" 05 January, 2019.
hero member
Activity: 2912
Merit: 613
Winding down.
January 05, 2019, 07:19:16 AM
#36
To be honest, it seems to me that this, on the contrary, will improve the ETH project, because it will speed up the process of transporting coins, as well as it will obviously reduce the commission, I hope that this will happen.
Well, hopefully our expectation will be realize with the upcoming upgrade.
What I only want for ETH is a faster transaction and cheaper fee, so far, with the current system, the speed is acceptable but the fee is high.
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