Will miners ever rally behind ETHW? - page 2.

Grim

sr. member

Activity: 506

Merit: 252

Quote from: FP91G on February 05, 2023, 04:16:53 AM

I don't see many ASICs
https://2miners.com/ethw-network-hashrate

This chart has other data, but we will see the arrival of ASICs.
https://minerstat.com/coin/ETHW/network-hashrate

Once again you are naive and you are being played. Wink

FP91G

legendary

Activity: 1834

Merit: 1136

I don't see many ASICs
https://2miners.com/ethw-network-hashrate

This chart has other data, but we will see the arrival of ASICs.
https://minerstat.com/coin/ETHW/network-hashrate

Grim

sr. member

Activity: 506

Merit: 252

ETHW like DCRN or RVC is forked/created by the asic companies themself just so their machines can keep on hashing aka free money machines.

You guys fall for this over and over again since 2012.

I like PoW but the ASIC companies treat the community like shit, the only answer for a fair Pow algo is:

ProgPoW or RandomX

or

Precomputed hashes saved on HDDs (PoW with HDD space).

The only ASIC distribution that works half assed is for Bitcoin itself (sha256d),
for everything else you get gamed.

So let me ask you a question: How can miners (plural) gather behind eg. ETHW when ETHW is 99% mined by a single entity aka the ASIC manufacturer.
Sounds like an oxymoron.

FP91G

legendary

Activity: 1834

Merit: 1136

Quote from: swogerino on February 04, 2023, 04:38:40 AM

Quote from: CryptoSperm on February 02, 2023, 12:19:16 PM

It seems like they went against their interests and abandoned any support for it immediately.

I was seeing the large transactions in Ezil.me pool and many other pools and I was seeing transactions well over 20.000 ETHW coins,this to me looks like the big miners which I assume are big farms that have resumed their mining activity so far supporting it,we saw the spike in price for this coin from under 3 dollars to well over 5 dollars in the past couple of days.It looks like this coin is well alive and supported by miners,I am also one of the small miners that mine it for a hobby but if it happens to reach 300-500 dollars this coin those guys that mine over 20.000 coins in a month will be billionaires,so yes miners so far have this as the best choice to follow.

I did not notice a big increase in profit when the price increased to $5. Even at a price of $10, mining will be unprofitable, because the number of mines will probably increase. Miners still have a lot of unsold video cards, and until these video cards are distributed on the market, there will be no coin price pump.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: CryptoSperm on February 02, 2023, 12:19:16 PM

It seems like they went against their interests and abandoned any support for it immediately.

I was seeing the large transactions in Ezil.me pool and many other pools and I was seeing transactions well over 20.000 ETHW coins,this to me looks like the big miners which I assume are big farms that have resumed their mining activity so far supporting it,we saw the spike in price for this coin from under 3 dollars to well over 5 dollars in the past couple of days.It looks like this coin is well alive and supported by miners,I am also one of the small miners that mine it for a hobby but if it happens to reach 300-500 dollars this coin those guys that mine over 20.000 coins in a month will be billionaires,so yes miners so far have this as the best choice to follow.

adaseb

legendary

Activity: 3808

Merit: 1723

Quote from: theskillzdatklls on February 03, 2023, 05:54:46 AM

I think the only way ETHW ever has a chance at anything is if the POS fork for whatever reason completely fails beyond repair. But at that point, it might be a toss up as to whether or not ETHW or an "ETH Killer" become the successor.

I view any of these cases as extremely unlikely.

The entire point of the initial ETHW was just a cash grab though. The miners didn't care about POW. They just wanted to keep making money, obviously.

This wouldn’t happen. The reason why is because before ETH forked to POS it forked first on all their test net chains. They did it to test stability and if any issues would arise. If there was an issue they delayed it. Hence why the fork to POS was smooth.

I am very surprised that Binance never listed the coin. Probably pressured by ETH devs. They didn’t want an ETC event again I guess. And that is the main reason why it’s struggling right now. Eventually most will abandon it for ETC.

rdluffy

legendary

Activity: 2366

Merit: 1408

In my opinion it is difficult to have a rally now with the current scenario.

1 - ETHW needs to show that it has developers, that it has projects running and that it will be of real use.
2 - If the above happens, the tendency is for the price to rise.
3 - If it is profitable the miners will go for the coin.

Expecting a rally, without any of these above happening, is almost impossible.

Another possibility is a bull run of all cryptos and a pump of ETHW, then miners will turn on their rigs again and point to most profitable ones.

FP91G

legendary

Activity: 1834

Merit: 1136

The fork of the 7 year old coin reduces the value of the coins miners receive. More than 100 million coins in circulation appeared after the fork. Who will believe that the capitalization of this coin will exceed 5 billion if we expect a price of $50?

theskillzdatklls

hero member

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MintDice.com | TG: t.me/MintDice

I think the only way ETHW ever has a chance at anything is if the POS fork for whatever reason completely fails beyond repair. But at that point, it might be a toss up as to whether or not ETHW or an "ETH Killer" become the successor.

I view any of these cases as extremely unlikely.

The entire point of the initial ETHW was just a cash grab though. The miners didn't care about POW. They just wanted to keep making money, obviously.

FP91G

legendary

Activity: 1834

Merit: 1136

Miners will support the coin that will give a guaranteed profit. Not many miners will be mining at a loss, expecting $50 in the next bull run. This coin is perfectly mined on old video cards, but the high cost of electricity prevents many miners from using old video cards.

adaseb

legendary

Activity: 3808

Merit: 1723

I think the two biggest issues and why it never took off was due to bad timing and never gaining a Binance listing. When it launched it dumped to like $5 and a few days later it rallied up to $15 but it stalled when trading didn’t get a Binance listing.

Then it did nothing for a few weeks and the FTX scandal made it even worst. So far it pumped a little to almost $5 but who knows if it will ever be a big hit. What it needs is a Binance listing and I can see it going to $50.

CryptoSperm

newbie

Activity: 79

Merit: 0

It seems like they went against their interests and abandoned any support for it immediately.

Topic: Will miners ever rally behind ETHW? - page 2. (Read 475 times)