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Ethereum Halving Clock

Ethereum May Reduce Mining Reward And Inflation By 40%

Ethereum May Reduce Mining Reward And Inflation By 40%

Ethereum May Reduce Mining Reward and Inflation by 40% Ethereum developers are considering splitting the next big upgrade, Metropolis, into two hardforks, with the first hardfork expected sometime in September. That hardfork may reduce mining reward, and thus inflation, by around 40%, from 5 eth per block to 3 eth per block, while at the same time delaying what is called a difficulty bomb as Casper is not yet quite ready. The difficulty bomb is an automatic increase of ethereums mining difficult which has the effect of increasing block times withHudson Jameson, an ethereum developer, estimating they would rise to 45 second per block by November from what used to be around 15 seconds. That difficulty/time bomb was place in there to give miners no choice during the Proof of Stake upgrade known as Casper, but that has apparently been delayed. As such, the developers are proposing that the difficult bomb is delayed too, but to keep mining reward somewhat in line with what it would have been had the difficulty bomb proceeded, they are proposing to reduce block rewards from 5 to 3. The proposal appears popular, not least because if demand remains the same then a reduced supply may lead to a price increase, but some are concerned about the interference with fundamental parameters. Moreover, miners will need to upgrade and if they fail to do so it may lead to another chain-split. But if the proposal is indeed popular, then most eth users will probably value the reduced block reward chain higher. In any event, as a price rise to compensate for the reduced supply should be expected, it may be the case that miners are not actually affected by the change. Which raises the question of why do it at all, with the main reason appearing to be concerns over an increased miners power due Continue reading >>

Ltc Halving Countdown - Crypto Mining Blog

Ltc Halving Countdown - Crypto Mining Blog

All About BTC, LTC, ETH mining as well as other alternative crypto currencies There are just about two more days left before the first Litecoin (LTC) block reward halving occurs, this should happen sometime on Tuesday, August 25th. Litecoins block mining reward halves every 840000 blocks or roughly in 4 years, and we are going to see the first halving that will bring the coin reward down to 25 coins from the current reward of 50 coins. The total Litecoins mined when the first block reward halving occurs will be 42 million and for the next 4 years before the next halving occurs there will be 21 millions more LTC mined. The question how will the halving affect Litecoin (LTC) and especially the price of the alternative crypto currency is the one that miners are continuing to be asking as the day approaches. If you want to keep a track of when exactly the Litecoin block reward halving will occur, then you should know that there is a countdown on a dedicated website just for that available. Continue reading >>

What Is The Ethereum Ice Age?

What Is The Ethereum Ice Age?

Ethereum is currently a Proof of Work cryptocurrency, meaning that computational power is needed, not only to produce new coinsbut to process transactions and to keep the entire ecosystem moving. In order to ensure the system is scalable and decentralized, Ethereum plans to move to a Proof of Stake protocol where a lot lesscomputational power is required and miners can earn rewards according to their balance. The Ethereum Foundation is still working on the Proof of Stake protocol, Casper. Since Casper is not finished and it's not contained in the release version of Ethereum a hard-fork might be required to implement this change. An hard-fork creates an incompatibility between the previous version and the latest, there is always the possibility to create a "split" that result in two blockchains, like Ethereum Classic , did on the 1920000th block, after the hard-fork to refund The DAO token holders took place . In order to ensure such event doesn't take place (although it did already) and to give themselves a time-frame to finish Casper (making the community aware of the introduction of a hard fork within that time-frame), a Difficulty Time Bomb, is also known as Ice Age was implemented in Ethereum. The Ethereum Ice Age is a difficulty adjustment scheme that was put in place to ensure that everyone has an incentive to move to the new blockchain once the hard-fork is implemented. It was introduced on the 7th of September (2015-09-07), about 11 months ago and it's programmed to raise difficulty exponentially. It's impossible for miners to keep up with the increase of difficulty which would raise block time and it would make the blockchain freeze, hencethe name Ice Age. The key part is the calculation for the increase in difficulty is Math.pow(2,Math.floor(block.number / 10 Continue reading >>

Ethereum Javascript Client - Bitcoin Block Reward Halving Countdown, Bitcoin Price Update Today, The Best Bitcoin Mining Pool

Ethereum Javascript Client - Bitcoin Block Reward Halving Countdown, Bitcoin Price Update Today, The Best Bitcoin Mining Pool

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The Byzantium Countdown: What's Left Before Ethereum's Next Fork? - Coindesk

The Byzantium Countdown: What's Left Before Ethereum's Next Fork? - Coindesk

The Byzantium Countdown: What's Left Before Ethereum's Next Fork? The next major update to ethereum, the world's second largest blockchain by total value, is set to go live in less than a week. Part of a larger, multi-component upgrade called Metropolis , the so-called"Byzantium" code will be enforced at block 4,370,000 or in about four days according to current metrics as a hard fork . A common (yet controversial ) strategy for upgrading blockchains, this means the changes are required to be accepted broadly by all stakeholders on the ethereum blockchain. In this light, however, it's notable that the use of this mechanism in the past has had mixed results for ethereum. To date, the platform has conducted four hard forks , with only one resulting in the creation of an alternative blockchain, ethereum classic . Given the changes in Byzantium have been outlined in the ethereum roadmap as far back as 2015, it's unlikely it will prove problematic.With two major upgrades from Metropolis postponed, Byzantium is perhaps best seen as a conservative upgrade that will introduce nine key ethereum improvement protocols (EIPs) to the platform. In total, the changes are designed to make the platform lighter and faster to run, improving transaction speed, smart contract security and eventually perhaps, privacy . However, that said, there's still work to be done on the upgrade, with various stakeholders now entering the final stages of their preparations. As the shift toward Byzantium is dependant on the network nodes updating, the main focus in the days ahead will be ensuring the clients that offer software to nodes are ready for the upgrade. This means that startups responsible for overseeing clients need to ensure their software actuallycontains the EIPs that enforce the Byzantium Continue reading >>

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Schedule any contract function to be called a specified block number in the future. Fully implemented as an ethereum contract with no external services. Call execution can be done by anyone operating an ethereum node. No single point of failure. Contract code can be verified against the published source. Service implements no administrative functionality or special access to any address. The Alarm service does not implement suicide. You can count on it remaining available forever. The Alarm service is thoroughly documented with plenty of examples to help get you started. The Alarm service supports designation of certain addresses as authorized schedulers. Contracts can trust authorized calls were scheduled by an address that they authorized, allowing you to schedule calls to functions that would normally not be publicly callable. Anyone can execute scheduled calls, earning ether by doing so. Continue reading >>

Bitcoin's 2016 Halving: What Is It And Why Should You Care?

Bitcoin's 2016 Halving: What Is It And Why Should You Care?

Last updated on July 8th, 2016 at 11:55 pm Soona major event is going to happen in the Bitcoin ecosystem The Block Halving. Although it may sound like a pagan ritual which includes the sacrificing of virgins and opening gateways to parallel worlds, the block halving event is real and its important. Whenever a miner solves a Bitcoin block he gets Bitcoins as a reward, thats how Bitcoins come into this world. If youre unfamiliar with Bitcoin mining this short video will get you up to speed: When Satoshi Nakamoto set up the rules for the Bitcoin protocol he stated that the number of bitcoins generated per block is set to decrease geometrically (by 50%) every 210,000 blocks. Since 6 blocks are found on average within an hour and halving happens once every 210,000 blocks,this means that every 4 years (give or take) there will be a halving event. This basically means that the reward the miners will bereduced to 50% of what it used to be. So if today each miner receives 25 Bitcoins for solving a block, after the halving event he will receive only 12.5BTC. Following this math, the final number of Bitcoins will beroughly 21 million(20999999.9769 to be exact) in the year 2140. Of course the fact that 21 million Bitcoins have been generated doesnt mean that there are actually 21 million Bitcoins that can be spent. You need to take into account that there are many lost Bitcoins which will never be recovered (its assumed that 1/3 of the Bitcoins mined until today were lost). Why should you even have a halving event? The main reason why this isdone is to keep inflation under control. One of the major faults of traditional, fiat, currencies controlled by central banks is that the banks can print as much of the currency as they want, and if they print too much,the laws of supply and d Continue reading >>

Ethereum Block Halving Clock -binary Trading Hardwarezone -discover What Business Professionals Are Drooling Over - Unity Ingot

Ethereum Block Halving Clock -binary Trading Hardwarezone -discover What Business Professionals Are Drooling Over - Unity Ingot

"Best Information On Cryptocurrency Trading Terminal" Home >> Ethereum >> Ethereum Block Halving Clock Taking "Ethereum Block Halving Clock" away from exactly what equates to the amount of? The Bitcoin took the globe of finance by shock when its value raised by 15,000% within 4 years, as the price each Bitcoin rose from $0.08 to $1,200! The underlying need for an independent digital currency, not regulated by a central government which is subjected to their quantitative easing and also inflation, made Bitcoin an imminent risk to conventional fiat moneys. You can safeguard a bitcoin budget from a bitcoin representative, for instance, Coinbase. When you open up a pocketbook via a guaranteed representative, you are offered a bitcoin address which is a progression of numbers and also letters, equally to a record number for a bank account as well as a personal trick which is a development of numbers and also letters additionally, which fill in as your secret word. An ever before raising number of suppliers have actually been tolerating bitcoins as a kind of installment. A similar thing opts for sending cash, in light of the method that you do not have to present a stack of installment with the end goal for you to establish a bitcoin namelessly, essentially you could send out cash to an additional person privately. When it pertains to investing you must never ever make breakout choices yet instead weigh the dangers as well as possible reward then keep in mind that there is no certain things when it concerns digital moneys like Bitcoins so approach at your personal threat. In spite of the buzz concerning how tough and also dangerous it could be, obtaining bitcoins is a lot simpler and safer than you could assume. To send your Bitcoins in a secured way: run Tails again (do not Continue reading >>

Ethereum's Block Reward Might Be Reduced From 5 Eth To 1.5 Eth

Ethereum's Block Reward Might Be Reduced From 5 Eth To 1.5 Eth

Ethereum's Block Reward might be reduced from 5 ETH to 1.5 ETH EIP186 proposes to decrease ETH mining rewards. FREE 1,000 mBTC daily for LuckyJack winners 12+ exclusive games The Bitcoin Casino by Primedice Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Seems to me this would be an incentive to buy ETH now, and hoard them. If there is a coin vote, one could use the coins to vote for the reduction in block reward, thereby increasing the chance of supply constraint and an increase in the price. So developers and speculators will like this idea, but miners will get shafted. FREE 1,000 mBTC daily for LuckyJack winners Yeah basically the eth foundation is probably pissed off their ETH is worth less from the Summer and they are blaming it on the miners since probably 50% of all the eth mined daily is dumped daily. 1 Bitcoin$15,487,372,567$963.3816,076,162---- BTC$76,229,3001.02% 2Ethereum$720,712,570---$8.2487,474,566---- ETH$10,170,0003.68% 18 Zcash$16,729,309----$48.42345,506-------- ZEC$503,671-0.08% 87 million eth coins that = common 345 thousand Zcash coins that = rare so a block size reduction will not make eth rare Please support sidehack with his new miner project Send to : 1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr I mine alt coins with I see BTC as the super highway and alt coins as taxis and trucks needed to move transactions. Looks like they changed EIP 186 again and made the Block reward 2 ETH instead of 5 ETH. Now it all boils down to a vote whether it gets accepted or not. Majority of ETH holders are NOT miners so there is a good chance this might pass since it will at least temporarily create a price pump. FREE 1,000 mBTC daily for LuckyJack winners Quote from: adaseb on Janu Continue reading >>

Welcome To Ethereum Alarm Clocks Documentation!

Welcome To Ethereum Alarm Clocks Documentation!

Welcome to Ethereum Alarm Clocks documentation! The Ethereum Alarm Clock is a service that allows scheduling transactions to beexecuted at a later time on the ethereum blockchain. This is accomplished byspecifying all of the details for the transaction you wish to send, as well asproviding up-front payment for gas costs, allowing your transaction to beexecuted for you at a later time. The service is completely trustless, meaning that the entire service operatesas smart contracts on the Ethereum blockchain, with no priviledged access givento any party. The code for this service is open source under the MIT license and can beviewed on the github repository . Each release of the alarm service includesdetails on verifying the contract source code. For a more complete explanation of what this service does check out the Introduction . If you are a smart contract developer and would like to start schedulingtransactions now then check out the Quickstart . If you are looking to build a lower level integration with the service then our Continue reading >>

How Bitcoin's Second Halving Came And Went, And Not Much Happened

How Bitcoin's Second Halving Came And Went, And Not Much Happened

Bitcoin's block reward halved for the second time last week, from 25 to 12.5 bitcoins. The event, commonly referred to as the halving (or sometimes: the halvening), was a key moment in Bitcoin's history. Such halvings are scheduled to occur once in about every four years, and they ensure that no more than 21 million bitcoins will ever be in circulation. Unsurprisingly, the halving was highly anticipated, and predictions on how the event would impact the Bitcoin ecosystem abounded. One week since the second halving, this is the aftermath. Perhaps the most debated issue leading up to the halving concerned Bitcoins exchange rate. As Bitcoin's price is based on supply and demand, some thought a cut in supply would naturally lead to an increase in price. But since the halving did not come as a surprise, others expected the market to have anticipated the supply cut, and would have already priced it in. Others believed that an anticipation of a price increase could actually have resulted in a bit of a bubble, and therefore expected a fall in price. Now, one week after the halving, it's clear the price has not moved substantially at least not by such an extent that it is obvious the halving is the cause of it. Hovering around $675, compared to about $650 at the time of halving, the exchange rate did increase by a couple percentage points. But thats not unusual for Bitcoin. It can, however, be argued that the price increase as a result of the halving did occur in anticipation of the event that the halving was indeed anticipated and calculated in. Bitcoin's exchange rate rose about 50 percent (from $430) in the three months ahead of the halving, and even more than doubled (from $300) compared to a year ago. And, of course, how the halving will affect Bitcoin's price in the near Continue reading >>

What Is The Bitcoin Halving And Why Is It Important?

What Is The Bitcoin Halving And Why Is It Important?

What is the Bitcoin Halving and Why is It Important? July 08, 2016, 04:37:59 PM EDT By Bitcoin Magazine An event is about to take place on the Bitcoin network that only happens roughly every four years. The amount of new bitcoin created and earned by miners with each new block of transactions is about to be cut in half. This is part of bitcoins predictable, transparent monetary policy , which can be verified in the source code available on the Bitcoin Core GitHub repository . When these sorts of changes in bitcoins inflation rate take place, it's known as a halving event . This upcoming halving is expected to take place this Saturday when block 420,000 is mined. Before getting into the effects of the bitcoin halving, its important to understand some of the basics of bitcoin mining . When someone creates a new Bitcoin transaction, it is sent around to all of the other nodes on the network, including those who are also contributing to the mining process. These transactions are collected and stored locally while the miners are also working on a puzzle of sorts, which requires a lot of computing power to solve. If a miner solves the puzzle before anyone else, they earn the ability to publish the new block of transactions to the public blockchain and collect a reward of 25 bitcoins (soon to be 12.5 bitcoins) plus any transaction fees. The mining process is the genius of Satoshi Nakamoto s creation. Miners essentially prove that they have skin in the game by trying to solve the puzzle that goes along with each new block of transactions. The ability to solve that puzzle proves to the rest of the network that the miner spent money on various resources (hardware, electricity, etc.) and has earned the right to mine a block. The miner is willing to spend money on those resources Continue reading >>

What Are Mining Rewards In Ethereum?

What Are Mining Rewards In Ethereum?

Mining Ether will start with the release of the Frontier platform. The Olympics test beforehand had no value attributed to the Ether which was mined and all balances at the Ether launch were set back to the close of the Fundraising so even if you had transferred our Ether on the testnet after contributing to your fundraise you will keep the Ether on the launch of the Frontier platform. The proof of work in Ethereum is run through Ethash . The successful PoW miner will receive a static block reward that is equal to 5 Ether. The successful miner will also receive all the gas in fees that it generates from the transactions in the block that it verifies. As time goes on and the amount of Ether created grows it is expected that gas rewards will take the lions share of mining rewards. The miner will also receive an award of 1/32 per Uncle block included. Uncles are stale blocks with parents that are a maximum of six blocks back from the present block. Valid Uncle blocks are rewarded to halt network lag (time to propagate a valid block to the whole network). Uncles included in a block receive 7/8 of the static block reward or 4.375 Ether- with a maximum of 2 Uncles allowed per block. After you have mined some ether you will need somewhere to store it and you can choose the best place here with our ethereum wallet comparison page. Continue reading >>

Ethereum Classic Community

Ethereum Classic Community

Vitalik Buterin and The Ethereum Foundation create the first blockchain-based turing-complete smart contract platform Slock.it construct TheDAO Ethereum Contract; a security audit is completed by Dejavu TheDAO smart contract is deployed; members of the public send it value in return for DAO tokens Slock.it announce a $1.5 Million USD proposal, paid in Ether by the crowdfund, 'to guarantee the integrity of The DAO' On the last day of the crowdsale, DAO curator Vlad Zamfir calls for a moratorium on TheDAO, citing many game-theoretical security issues The crowdsale completes to become the world's largest and raising an incredible $150 Million USD Peter Vessenes publicly discloses the existence of a critical security vulnerability overlooked in many Solidiy contracts Stephan Tual publicly claims that TheDAO funds are safe despite the newly-discovered critical security flaw Ether is slowly and silently drained from TheDAO as the re-entry bug is applied The price of Ether is slashed in half as Griff Green announces that TheDAO has been hacked TheDAO's splitting mechanism gives around a month for a solution to be found that recovers the funds; Foundation and community developers race to implement a soft fork A group of 'white-hat' hackers secure 70% of TheDAO funds but protocol-level action is required to save the remaining 30% split by the hacker The Ethereum Foundation releases a 'Soft Fork' client to censor transactions coming from the hacker; mining pools vote to enable it by lowering gas limit Critical Denial of Service flaws are found in the Soft Fork implementation, miners quickly decide not to use it Many days of intense arguing goes on in the Ethereum community about the pros and cons of implementing a Hard Fork The only remaining option is a controversial Hard Fork. Continue reading >>

Countdown Ethereum

Countdown Ethereum

The countdown is on for the upcoming Blockport ICO The upcoming ICO pre On Jul-30-2015 03:26:13 PM +UTC, a network of decentralized computers, all running the Ethereum client peer-to-peer software, arrived at consensus on what would be Learn much more around "Ethereum Block Reward Halving Countdown" review currently. If you are trying to find Ethereum Block Reward Halving Countdown, look no additionally than The Unity Ingot. Sep 25, 2017 Ethereum's biggest upgrade so far may be ready as early as 2018, Vitalik Buterin, ethereum's inventor, said in an interview with one of South Korea's biggest daily. We have a proof of concept for proof of stake. Going from proof of concept to actual adoption would take may be one year, he said. Using Ethereum smart contracts to support its Shping Coins where Shping Coins will be put on sale directly for one The Ethereum Foundation has proposed a hard fork in response to the DAO exploit, and the community has given this decision the green light. The hard fork will occur at block 1,920,000 on or around Wednesday, July 20th. since the selection of the winning blockchain is ultimately up to the miners, we will follow the path Aug 1, 2017 At 12:20 p.m. UTC which initiated the six block countdown to the fork the bitcoin price had dipped to $2,800, and it continued to decline after the split occurred. At present, the bitcoin price is $2,735 a 24-hour decline of 2.5%. The bitcoin market cap is approximately $45 billion. Bitcoin Price Chart from Oct 21, 2017 Countdown clock till Bitcoin Gold hard fork on block 491407. uncles (current / last 50){{ bestStats.block.uncles.length }}/{{ uncleCount }}. last block{{ lastBlock | blockTimeFilter }}. avg block time{{ avgBlockTime | avgTimeFilter }}. avg network hashrate. difficulty{{ lastDifficulty | tot Continue reading >>

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