Is Ethereum And Bitcoin Mining Finally Dying?
Is Ethereum and Bitcoin mining finally dying? Please review the Stickies pinned at the top. For BADGES please READ the FAQ for DETAILS. Follow @LTTCompute 30 Jan 2016 Please review the various posts pinned at the top of the forum section for lots of good information on basic installs, setup and questions. For BADGES please READ the FAQ for the DETAILS.Also, don't forget to follow @LTTCompute on twitter for random tweets, posts and updates... ya, random! Are the prices actually going down and the difficulty going up? Because I want to get a 1070, but with the current prices, it's essentially better to get a 1080 TI than a 1070, which is wrong. I'm hearing that it's dying, but I want to be sure. Pretty much addicted to Gaming and Youtube. I think I have a problem. HDD: Ripped from old Laptop. Desktop:Motherboard:Gigabyte - GA-78LMT-USB3 Micro ATX AM3+ GPU: Gigabyte GTX 950 Windforce 2GB RAM: Crucial Ballistix DDR3 1x8GB Keyboard:Logitech G413 Carbon Mechanical Keyboard for the near future I think: yes, it's dead, but it will take some time for the market adjust Thanks. I'm actually extremely happy that it might be dying, and it's also kinds sad since MSI and other GPU manufacturers were going to make Mining GPU's, but they are a bit too late. Pretty much addicted to Gaming and Youtube. I think I have a problem. HDD: Ripped from old Laptop. Desktop:Motherboard:Gigabyte - GA-78LMT-USB3 Micro ATX AM3+ GPU: Gigabyte GTX 950 Windforce 2GB RAM: Crucial Ballistix DDR3 1x8GB Keyboard:Logitech G413 Carbon Mechanical Keyboard when the mining GPUs are 4 times as fast as the current mining GPUs it will hype up again rather sooner than later. no its not dying with markets thiers what know as bubbles etheruems price spiked drastically so after the spike it will crash then normalize so Continue reading >>
People's Bank Of China Deputy Governor: 'bitcoin Is Dying' - Bitcoinist.com
Once upon a time, China was the leader in bitcoin mining, accounting for an estimated 71% of the bitcoin mining market. But that bubble burst in September 2017 when the Chinese Central Bank completely banned all ICOs . In spite of the ban, Bitcoin has managed to flourish, increasing by over 144% since the ban. Still, China isnt worried. According to the PBOC, Bitcoin is dying. Speaking at a financial forum in Shanghai over the weekend, the deputy governor of thePeoples Bank of China,Pan Gongsheng, was asked to give his view on the recent surge in Bitcoins price. He was quoted as saying (translated): If we had not shut down bitcoin exchanges and cracked down on ICOs several months ago, if China still accounted for more than 80% of the worlds bitcoin trading and ICO fundraising, everyone, what would happen today? Thinking of this question makes me scared. Pan further underscored his opinion of the digital currency by citing Eric Pichet, an economist and professor at theKedge Business School in France, who just last week wrote an article in La Tribune (link in French) where he declared that Bitcoin is merely a bubble waiting to burst. As far as Pichet is concerned, Bitcoin is the new avatar of the long series of speculative follies like the Tulip Mania in 1637 or the Internet bubble of 2000. Pichet believes like Pan that it is just a matter of time before Bitcoin dies, whether through a massive and unrecoverable hack of the blockchain or through a joint initiative on the part of global governments to ban the digital currency. Concluding his talk, Pan again quoted Pichet, saying: As Keynes has taught us, the market can remain irrational longer than you can remain solvent. There is only one thing left to do: Sit by the river bank and see bitcoins body pass by one day. Gongs Continue reading >>
Cryptocurrency 'bloodbath' As Bitcoin, Ethereum, Ripple, Litecoin Drop | Metro News
If Ethereum Dies...
it is not a question of IF it is a question of when people realize Ethereum is not the best option for smart contracts out there. and it doesn't have to fail as in fall to zero for them to realize this. it is all about efficiency, how well it is performed and how cheap or expensive the whole process is both in money and time that it takes. right now there is RSK (Rootstock) which will work on bitcoin blockchain (the most trusted and secure and well known blockchain) and it will be practically free to make a smart contract using it. Quote from: Pursuer on June 22, 2017, 06:45:46 AM it is all about efficiency, how well it is performed and how cheap or expensive the whole process is both in money and time that it takes. I agree with you 100%. There are good projects over the eth platform, I'm suspect to say because I put some stake in SONM, but I think they can migrate platforms, since ETH is just one aspect of their project. Would probably be a pain migrating the tokens, and they need to do it because their tokens have actual functions, but it is doable. The eth platform there is to verify and transact the fog computation, which is the "creme" of the whole thing. I wonder how many other platforms launching on ETH in these recent ICOs could also do the same. Bancor comes to mind (not judging quality of their project, just saying the a mere market former can be run elsewhere). So You think Rootstock could host them? Never heard of it before. But what prevents BTC itself to accommodate smart contracts at some point in the future (lay person question here)? If Ethereum dies, will people still trust smart contracts? Quote from: Nrcewker on June 22, 2017, 07:29:56 AM don't worry, there are so many altcoins, and so many people are waiting to see ETH dying. very mean mate hahaha Continue reading >>
Is Bitcoin Dying As A Payment Option?
While it may be a hugely investable asset, Bitcoin is venturing further away from being a functional currency About six months ago the news was littered with companies that were looking to integrate Bitcoin as a payment system. However, in the fast-paced cryptocurrency ecosystem , things have changed dramatically. Now, there is a host of companies either turning away from Bitcoin or doing a full U-turn. Microsoft recently announced that after almost three years it would stop accepting Bitcoin . However, it did reserve that position after taking its own steps to: ensure lower Bitcoin amounts would be redeemable by customers . Steam, the gaming platform, also canceled its use of Bitcoin as a payment system in early December last year. Their reasons resonated with the general consensus, citing high fees and incredible volatility as the main issues. It is not only those outside of the crypto market though; The North American Bitcoin Conference set to be held in Miami next week, is no longer taking Bitcoin for last-minute tickets . It has been a bone of contention with Bitcoin since its fees started averaging about $2, now with transactions costing upwards of $20, people have started looking at Bitcoin as something other than a digital currency. The North American Bitcoin Conference said on its website that network congestion and manual processing influenced the decision to stop accepting payments in cryptocurrencies. "We have, and always will, accept cryptocurrencies for our conferences, up to fourteen days before the event," the organizers wrote . "However, due to the manual inputting of data in our ticketing platforms when paid in cryptocurrencies, we decided to shut down Bitcoin payments for last minute sales due to print deadlines." It would seem that it is possible to Continue reading >>
use the following search parameters to narrow your results: include (or exclude) results marked as NSFW Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>
When Is The Next Cryptocurrency Bull Run?
When Is The Next Cryptocurrency Bull Run? The start of 2018 has been nothing but upsetting for cryptocurrency investors and simply traumatic for those that decided to take the plunge in December/January. The euphoria that had gripped so many has now subsided, making way for the denial and now despair phases of the classic bubble cycle. When CNBC published this awkward video of how to buy Ripple we should have known they were calling the top. Magic Internet Money is now becoming Toxic Internet Money as those hyped into leveraging their positions have the horrible reality of paying interest on their debt. Mark Carney, the Head of the bank of England is not surprised either: It has pretty much failed thus far on the traditional aspects of money. It is not a store of value because it is all over the map. Nobody uses it as a medium of exchange. claiming that the bank of England saw no value in digital currencies. Perhaps the only success story so far in 2018 is that of stablecoins like MakerDAOs Dai token ; demonstrating that under enormous economic stress they are more than capable of holding value. Despite the massacre and the complete turn off from retail investors, the show goes on. In the 9 year history of cryptocurrencies there has never been more development and engineering than there is today. The latest crash may have put an end to the remortgaging of homes to buy crypto, but you can bet the teams pushing for a decentralized future have only upped their game. So far this year we have seen AMD, Ernst & Young and Pfizer join the Enterprise Ethereum Alliance , Vitalik Buterin and Joseph Poon are working on Plasma to bring potentially billions of transactions per second to Ethereum and even PayPal has filed for a Bitcoin-related patent. This does not touch upon the cou Continue reading >>
Is Ethereum Dying Already?
Absolutely not. Ethereum is going to continue to rise in price for a long time. What makes you think Ethereum is dying? Ethereum is at a great buy in point right now and you could make huge gains. There is so much support for Ethereum and the technology is incredible. Ethereum has super fast transaction times, ICOs, and Smart Contracts. I would not be surprised if Ethereum passed Bitcoin in price in the near future. Ethereum is so much more versatile than Bitcoin. Yes, Bitcoin did start the Blockchain but Ethereum has so many more features. Dont get me wrong, I am a huge support of Bitcoin, but I really think Ethereum should be worth more. Ethereum is a blockchain where Dapps, tokens or coins can be built upon. However Ethereum seems to be growing by a large amount, both in prices and market cap. It wont die entirely as there are still future implementations for it. The big drop was probably caused by: Status.im ICO Raises Over $270 Million in Under 3 Hours It could be that the ICO companies selling the large amount of Ethereum for Fiat currency. (Possibly for funding etc..) i could be wrong as thats my own opinion. Research and read up on Ethereum and its blockchain and you will start to understand its future implementations and technology. Therefore if you can justify the drop it dosent seem like its dying. Only invest as much as you are willing to lose. EDIT thanks for the upvotes and views: You can read my new article at: A Growing Market Cap Ethereum is not even close to dying, there are literally hundreds of ICOs every month and many updates scheduled for the Ethereum blockchain. You probably asked this question because the price fell to around $300 and remained stable whilst Bitcoin kept on reaching new all time highs. Firstly Bitcoins initial pumps where due to Continue reading >>
Ethereum Is Doomed | Satoshi Nakamoto Institute
As some have noted , Idid not understand Ethereum very well when I wrote my previousarticle that touched on it. Idismissed Ethereum as just another altcoin with extra bells and whistles.However, there was a huge opportunity hiding in there, open to anyone whounderstood the system well enough. I wish I had examined it further and muchmore deeply because right now someone who did that, someone whom I nowadmire , is sitting on three million ethers.Update: the note is probablynot from the real hacker. Istill agree with its argument. This person has developed a new investment strategy for the age of smartcontracts: You simply look for a way to exploit the smart contract whichcauses it to send cash into your account, and then invest in it so as tocontrol it in a way that extracts themoney . Ethereum truly is different from other altcoins. If I had looked into Ethereummore carefully, I might have noticed that economics was not the only subjectthat the Ethereum devs did not understand. They also dont understand law andsoftware engineering. They created a situation in which bugs would be expectedto arise in an environment in which bugs are legally exploitable. That ishacker heaven. Lets say that A wants to send ethers to B. I will write AB as the atomicoperation which removes money from A's balance and adds it to Bs. Thisoperation fails if A's balance is not big enough. To send money in Ethereum,it is as if we had a function that looked like this: send[f, x, y] = If[ // Send funds to B and call f; roll back if an error is generated. Try[ AB; f; True, False], // Call this if no error was generated. x, // Call this if an error was generated. y ] where x and y are functions provided by A, and f is a function providedby B. In other words, A sends the ethers to B, who immediat Continue reading >>
Ethereum Co-founder Says Crypto Coin Market Is A Time-bomb
Ethereum Co-Founder Says Crypto Coin Market Is a Time-Bomb Startups have raised $1.3 billion through digital coin sales Regulation is biggest threat to digital tokens, Hoskinson says Initial coin offerings, a means of crowdfunding for blockchain-technology companies, have caught so much attention that even the co-founder of the ethereum network, where many of these digital coins are built, says its time for things to cool down in a big way. People say ICOs are great for ethereum because, look at the price, but its a ticking time-bomb, Charles Hoskinson, who helped develop ethereum, said in an interview. Theres an over-tokenization of things as companies are issuing tokens when the same tasks can be achieved with existing blockchains. People are blinded by fast and easy money. $1.3 billion this year in digital coin sales,surpassing venture capital funding of blockchain companies and up more than six-fold from the total raised last year, according to Autonomous Research. Ether, the digital currency linked to the ethereum blockchain, surged from around $8 after its ICO at the start of the year to just under $400 last month. Its since dropped by about 50 percent. Hoskinson, whoruns technology research firm IOHK, is part of a growing chorus of blockchain watchers voicing concern about the rapid surge in cryptocurrency prices and digital coin crowdsales that have collected millions of dollars in minutes. Regulation is the biggest risk to the sector, as its likely that the U.S. Securities and Exchange Commission, which has remained on the sidelines, will step in to say that digital coins are securities, he said. Startups raising money through ICOs usually skip the safeguards required in traditional securities sales, like making sure theyre dealing with accredited investors an Continue reading >>
Ethereum Is Crashing By 20% Right Now After Confidence In Bitcoin Rival Shaken
Ethereum is crashing by 20% right now after confidence in bitcoin rival shaken Ethereum plunged more than 20 percent in Monday trading. Ripple effects from a flash crash on one exchange last week was a driving force behind the drop. Unsubstantiated rumors about the digital currency's founder contributed to the uncertainty. Bitcoin rival ethereum plunged Monday despite a major exchange's efforts to shore up confidence by announcing a credit for customers who lost money during last week's flash crash. Ethereum , also known as ether, traded 20.9 percent lower at $239.63 Monday afternoon, according to CoinDesk. Last Wednesday, ethereum briefly plunged in a flash crash from above $300 to 10 cents on Coinbase's GDAX exchange. On Friday, the exchange said it would credit customers who "experienced a margin call or stop loss order" on GDAX during the flash crash. GDAX reported Monday afternoon, ET, a temporary halt in trading for all products, which was resolved within an hour. Ethereum is still up about 2 percent for June, and 2,500 percent for the year, according to CoinDesk data. At its peak, ethereum had surged more than 4,000 percent for the year. An unsubstantiated rumor Sunday that ethereum's founder Vitalik Buterin had died also reportedly hit ethereum's price for a brief period. Ethereum fell from around $329 to a low of $284 Sunday before recovering, according to CoinDesk. Buterin tweeted a picture of himself Sunday evening, ET, to dispel the rumor. William Mougayar, author of "The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology," said he did not believe the rumor was the main factor behind ethereum's decline. "We need to see a full 24 hour cycle in order to fully assess what is actually happening," he said in an email to CNBC. Continue reading >>
2017 Was Bitcoin's Year. 2018 Will Be Ethereum's
2017 Was Bitcoin's Year. 2018 Will Be Ethereum's Dec 27, 2017 at 12:45 UTC|UpdatedDec 27, 2017 at 20:58 UTC Jez San is CEO of FunFair Technologies, an ethereum-powered casinoplatform. A vocal supporter and critic of blockchain technologies, San wasalso a pioneer in real-time, 3D games. The following article is an exclusive contribution to CoinDesk's 2017 in Review series. As a long time investor in bitcoin and cryptocurrencies, 2017 has been remarkable. But it's important to remember, this is really just the beginning. Despite the valuations, major protocols remain deficient in delivering value to users. Bitcoin with it'shigh fees and slow transaction times is hardly suitable for payments - spending the same fee whether you buy a coffee or send $100,000 is a joke and thepromise of scaling solutions such as the Lightning Network hasn't been fulfilled. Suffice to say, its new positioning as a store of value is precarious, even if,judging by the huge uptick in bitcoin price, the store of value narrative is winning for now. While there's no shortage of old and new believers to keep the party going, along with plenty of developers working to create better, forked versions of bitcoin, I'm betting my chips on a more flexible alternative. The door is wide open for blockchains that use smart contracts , like ethereum, and I believe their potential market dwarfs that of "store of value" chains. Platforms like ethereum are an operating system for decentralized finance and commerce. Think of bitcoin as DOS and ethereum as Windows or Mac OS. There is nothing wrong with DOS. It came first and was an essential part of the computer's success. Us geeks grew up on DOS, but computers only went mainstream when Windows and Mac OS appeared.DOS is difficult to learn, tricky to program and fe Continue reading >>
Cryptocurrency 'ethereum' May Be Useless Now, But Here's Why People Are Collecting It Anyway
Cryptocurrency 'Ethereum' May Be Useless Now, But Here's Why People Are Collecting It Anyway You may have heard of Bitcoin, the cryptocurrency which made everyone the world over go crazy in finding ways to mine it. Bitcoin has even become an accepted form of currency for some stores online and off, and there are even ATMs around the world where you can withdraw and deposit them like you would your local currency. (Singapore has one of these ATMs in case you were wondering, and its located in Chinatown.) Bitcoin though was something out of 2014, and its value has been diluted , no thanks to massive mining farms that have sprung up in China. In the year that Bitcoin lost its value, another cryptocurrency has emerged to become an alternate coin. Created by Bitcoin programmer Vitalik Buterin in 2014, Ethereum has emerged as the one responsible for the recent cryptocurrency mining rush. Like Bitcoin, the premise is simple as long as your gains outweighs your electricity and equipment costs, you would have turned a profit. The end goal is to fill up your wallet with Ether, the product of Ethereum mining. To get it, you will need to first get a mine of your own that you will need to put together with off-the-shelf PC components. And because of this, ithas caused a certain PC component to go missing in-stores graphics cards, and in particular, the mid-range consumer graphics cards like the AMD RX470 and Nvidia Geforce GTX 1060. Simple compared to the CPU in a computer, a graphics card is able complete a blockchain that gives you Ether up to a few hundred times faster, and thus represents a better price to performance value. While the Singapore market has been spared a price hike, unlike in the US where some products has even doubled in price, we still face the same supply shor Continue reading >>
Is Ethereum Classic Dying Or Should We Invest?
Is Ethereum Classic Dying Or Should We Invest? The formation of Ethereum Classic was the result of a hard fork done by its big brother Ether. With numerous challenges we take a look at the present and future for Ethereum Classic. Ethereum Classic, or ETC as it is referred to, has come across as one of the most talked about altcoins on the blockchain. The success of Ethereum Classic is the first of its kind after the DAO Hack back in July 2016. You cannot really talk about Ethereum Classic without discussing what Ethereum is. Ethereum is basically a public sourced blockchain network that provides leverage for the creation of decentralized apps and smart contracts. It went live back in July 2015 after its extremely successful ICO in August 2014. The ICO for Ethereum is to date considered as one of the most profitable and is acclaimed for its ability to set the gold standard for all ICOs to come in the future. Ethereums digital token, known as Ether or ETH, has turned out to be the second most popular cryptocurrency; yes you guessed it right, the first one is Bitcoin. The market cap for Ethereum today is more than $35 billion. Ethereum Classic (ETC) is the cryptocurrency from the original Ethereum blockchain. This means that the ETC blockchain has the same capabilities as Ethereum, including the functionality of smart contracts and the ability to develop and maintain DApps. Mining pools for Ethereum Classic were made after the Etherium hard fork. Although, the blockchain for both Ethereum and ETC are the same, numerous changes have been made in the system for ETC. These changes include network upgrades and resolving various issues. We can now get to the more serious part of finding out whether ETC deserves to be in our cryptocurrency portfolio or not. Why should you inves Continue reading >>
Top 4 Reasons Why Ethereum May Ultimately Fail
Top 4 Reasons Why Ethereum May Ultimately Fail Top 4 Reasons Why Ethereum May Ultimately Fail JP Buntinx July 21, 2017 Featured , Viral Even though weve highlighted some of the criticisms directed toward Ethereum before, theyare not the only issues thenetwork has to address. It is disappointing to see such a prominent ecosystem hindered by technical issues, ideological decisions which can easily backfire, and other factors which may eventually spell disaster for Ethereum. Below are some of the downsides of which Ethereum users and investors alike should be aware. Even though virtually every company or project looking to raise money wishesto conduct an Ethereum-based ICO, these crowdsales can have negative repercussions. Alot of these projects will eventually liquidate the amount of ETH raised and dump it all on the market. Not only will this affect the Ether price negatively, but it also shows Ethereum is merely a facilitator to raise funds, rather than technology in which these companies believe. It is only a matter of time until the influx of cryptocurrency ICOs backfires on the Ethereum ecosystem. There is no guarantee that anyof these projects have legitimate intentions, and any bad PR will automatically taint Ethereums reputation further. While it is true that Ether allows people from all over the world to invest in ICOs, there is never a guarantee for success. Even though many companies have joined the Ethereum Enterprise Alliance , they are not necessarily aware of the issues this network has. We have seen two major exploits discovered and used, both of which resulted in massive amounts of funds being stolen. The first exploit wasthe DAO smart contract bug, andthe second exploit showed how Ethereum has no secure multisignature wallet solution currently. Immature Continue reading >>