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Ethereum Update December

Is It Worth It To Start Mining Ethereum? [december 2017]

Is It Worth It To Start Mining Ethereum? [december 2017]

Its been a while since we updated this series this past summer , but our answer for the Is it worth it? question has remained mostly the same. Ethereum saw increasing difficulty throughout the fall and little increase in price, which made mining steadily less and less attractive. But recently, Ethereum has boomed to be priced at around $700-$800, which has led to a resurgence in mining interest. So whats the latest answer to this constantly-repeated question in the mining community? Ethereum is becoming even more profitable now after its first huge jump in price over the summer, which has meant even more to become suddenly interested. Especially since Ethereum is currently one of the most profitable coins to mine, its worth considering how the landscape has changed lately. We recommended for two months straight over the summer that people that want to minimize the risks involved with investing in the cryptocurrency space should consider getting into Ethereum mining, but that it might be a bit late in the game to set up a rig considering the many unknowns in the industry. Those that got in early and have remained steadfast in keeping their rigs online since then have made really decent gains, especially if they had many rigs or GPUs to maximize their profits. So back to the question: Is it worth it to start mining? If youre just now hearing about Ethereum and interested in maybe jumping on board, that can be a hard question, and it depends on a lot of different factors. Do you appreciate this guide? Tips welcome! Ethereum:0x51984c8b295e6ee46d0d0fba0fd5548cff632327 Bitcoin:17nveRFLh833mnFjkyk9zaw9oYFudV8UKF Ethereum difficulty update for December 2017 Difficulty moved up steadily throughout the summer (all the way up to 3,000T in mid-October, at which point mining Ethere Continue reading >>

Ethereum Price Analysis - Scaling Solutions Join The Mix

Ethereum Price Analysis - Scaling Solutions Join The Mix

Ethereum Price Analysis - Scaling solutions join the mix Josh Olszewicz , 11 Dec 2017 - Ethereum , Opinion , Price Analysis Ethereum ( ETH ) remained in a tight trading range this week near its all time high. The market cap now stands at US$43.89 billion with US$1.26 billion in trade volume over the past 24 hours. Holders have seen a 58% increase from November. The number of transactions per day recently hit a new all time high of 791,000, in no small part due to a popular Decentralized Application (dapp) called CryptoKitties. More than US$8,000,000 in ETH has been spent on the self-described breedable Beanie Babies. The explosion in transactions has led a backlog and higher fees. The current transaction costs , at the time of writing, are 41 gwei for a <2 minute transaction and 10 gwei for a <60 minute transaction. Hash rate also hit a new all time high, in the setting of a decreased block reward from 5 ETH to 3 ETH and decreased difficulty. Block times briefly increased to 26 seconds from 23 seconds, only compounding the problem. There are currently 870 decentralized applications (dapps) in various stages of development. As these dapps are released, Ethereum will need to scale or may collapse under its own success. CryptoKitties provided an excellent stress test of the current system, at one point accounting for over 20% of transactions on the network. Vitalik Buterin, Vlad Zamfir, and other Ethereum developers are currently working on many scaling solutions, the most drastic being a switch from Proof of Work (PoW), or mining, to Proof of Stake (PoS). The protocol changed, dubbed Casper , would lock Ether in a smart contract and provide the user with interest. The process would require much less electricity and no mining software or hardware. Further scalability upda Continue reading >>

Ethereum & Litecoin Updates Of December 2017- For Non-technical Investors!

Ethereum & Litecoin Updates Of December 2017- For Non-technical Investors!

Ethereum & Litecoin updates of December 2017- For non-technical Investors! Ethereum is the 2nd most loved cryptocurrency. It takes less than a minute to transfer while Bitcoin now takes more than 30 minutes for a transaction! Ethereum price looks very strong and Im super bullish on ETH. There are number of technical and fundamental reasons behind that. Such as: Tried to break below the support $625 but reject it by super bullish move above $650 Next 2-weeks price forecast is $832 then $936 on (90 Billion Market Capital) Price should move towards $1040 on any positive report within next 3 weeks! More than 80% Tokens are Ethereum based & getting bigger market cap and popularity everyday. Big corporations are backing it e.g Microsoft, JP Morgan & more new corporations starts recognize it such as Surf Air here is a source Adoption of ethereum blockchain based platform is raising in real business such as Air New Zealand Ethereum Futures will be available in early 2018 on US Exchanges as BTC already started. Here is some good source among many Getting more media coverage now, which would influence people who failed bying Bitcoin at early days. Any control over ICOs (Ban/Regulation) could hit Ethereum price really bad for a while. Litecoin might get some correction. But everything depends on next price action. Market just hit 20 Billion Market Capital at $370. Forecast for next 3 weeks. Next Price would be $462 if price break above $370, price of the next 2 daily candle closing is important $555 is the resistance and full potential target if price break bullish above $370. Market Cap. Would be 30 Billion with the price $555 Price could fall towards $150 if break below $260. Need to watch carefully. Now you can directly buy Litecoin by fiat currency, no need BTC tokens, eg. co Continue reading >>

Ethereum Price Forecast December 27, 2017, Technical Analysis

Ethereum Price Forecast December 27, 2017, Technical Analysis

ethereum price forecast december 27 2017 technical analysis Ethereum Price Forecast December 27, 2017, Technical Analysis Ethereum markets rallied slightly during the trading session on Tuesday, but in very thin volume. In fact, the volume is almost nonexistent. Currently, it looks as if we could roll over. The Ethereum markets continue to be very noisy, essentially making a big W pattern on the 4-hour chart, but at this point I think its difficult to read too much into the last couple of sessions, as the volume would have been there. The Ethereum markets have lagged a bit over the last couple of sessions, but having said that its likely that the market will continue to go higher though, as crypto currencies in general look to be healthy. I think that if we can break above the $800 level, that is a very bullish sign, perhaps reaching towards the $1000 level above. I think the $1000 level is the goal for longer-term traders, but in the meantime, there is going to be a lot of noise. The US dollar has been soft over the last several sessions, and perhaps that is what we are starting to see again. However, when you look at the volume on the bottom of the chart, the one thing that should stand out is that the most volume driven candles are red. This shows me that longer-term we have some serious issues in this market as we are starting to run out of conviction. That doesnt mean we cant rally from here, and I think we will but perhaps on the inner volume. That is a sign that we cannot hang on to the gains longer-term, and I think that is going to be a theme in the crypto currency space as perhaps we have gotten far too ahead of ourselves. After all, it wasnt that long ago that the market was down at the $320 level, and these types of moves are completely unprecedented. In ge Continue reading >>

Melon Dev Update December 2017 Melonport Blog Medium

Melon Dev Update December 2017 Melonport Blog Medium

First things first, the Melon team wishes you all the best for 2018. Now, hello from the Melon dev team ! The live deployment of the protocol on the Ethereum main net is approaching, so the protocol is undergoing several security audits. Also, we hope to start the Melon Fund Managers competitions asap. We are working full-steam ahead to meet those goals. The first two weeks of December have mostly been about fixing bugs that were revealed during the first security audit. You can see more details on the first security audit here . We shifted from Jasmine tests to ava.js for increased speed. We worked on a new test files structure with separate unit tests for most major contracts and integration tests. We added compatibility for multiples exchanges and multiple type of exchanges through exchange adapters. We shifted from libraries to using plain delegatecalls. We made fund shares comply with the new ERC233 standard . We switched to newer solidity syntax and began enforcing linter rules at build time. Towards the end of December, we started working on the second audit issues. We optimized contracts not containing the MSIZE opcode. We ran Oyente on the mainnet (the result will be available next month). We added the option to run Oyente in parallel. We performed some refactoring of the codebase and added more tests for Oyente. We analyzed remote contracts on the web version. We are continuing our research and experimentation phase of the Melon chain (see progress here ), including a first version of the Melon protocol deployed to it . Next we will be working on a more stable network, some visualisation of the network state, on researching custom consensus algorithms and chain economics to make Melon chain the ideal place for any Melon related interactions. Stay tuned! Decem Continue reading >>

Daily Market Update: 06 December 2017 | Cryptocompare.com

Daily Market Update: 06 December 2017 | Cryptocompare.com

Bitcoin Fork: Bitcoin God Will Be Born on Xmas Day Chandler Guo, a Chinese cryptocurrency investor, recently revealed he is launching a Bitcoin-basedfork that will use the ticker GOD. Guogave away some details and said that the projectwill start on the 25th of December. He alsosaid there will not be a premine: Bitcoin God (GOD) will be forked off the main bitcoin chain at the block height of 501225, which will happen on December 25th to be symbolic of me giving candy to all bitcoin holders The total amount will be 21 million No pre-mine." Tokyo Financial Exchange Heads For Bitcoin Futures The Tokyo Financial Exchange (TFX) istaking preparatory measures towards offering Bitcoin derivatives. Shojo Ofta,TFX's CEO,said that a working group would be created next month, to study and understand cryptocurrencies. The plan is to listcryptocurrency futures as fast as possible. Oftastated: Once the Financial Instruments and Exchange Act recognizes cryptocurrencies as financial products, we will list the futures as quickly as possible." TD Ameritrade and Ally Invest to Offer Bitcoin Futures TD Ameritrade (NASDAQ: AMTD) and Ally Invest (NYSE: ALLY) have publicly stated that they plan to offer access to Bitcoin futures trading as soon as they become available to them. Together these two brokers serve over seven million retail US traders, Ameritrade with 6,950,000 funded customer accounts and Ally with 250,000.JJ Kinahan, Chief Market Strategist of TD Ameritrade, said: Whats exciting to us about it is it provides a two-sided market. With natural buyers and sellers, that helps to put a more reasonable volatility on the product. CryptoKitties: Digital Kittens Are Clogging the Ethereum Blockchain Best thought of as a decentralized Tamagotchi, CryptoKitties appears to be striking a nerve Continue reading >>

December Ethereum London Meetup At Imperial College

December Ethereum London Meetup At Imperial College

December Ethereum London Meetup at Imperial College We're the original and largest Ethereum meetup in the world, having operated since January 2014. Follow us on Twitter and post your pictures: #ETHLDN ( ) Live chat: Web Three Community Slack ( ) - Channel: #mtp_london This meetup is made possible thanks to our sponsors: eToro ( ), the Centre for Cryptocurrency Research and Engineering at Imperial College ( ), CryptoCompare.com ( ), The Blockchain Connector ( ) and Slock.it ( ) We finish the year with a very technical line up in this edition of the original Ethereum Meetup - three speakers, no self-promotion allowed, technology focused talks all in the space of just 2 hours. The meetup will be filmed (but not livestreamed) and all videos will be released on Stephan Tual's Youtube Channel ( ) roughly 3 weeks after the event. Vaughn McKenzie - Jaak.io ( ) JAAK connects songs, films, and TV shows directly to the artists, producers, writers, and organisations that create, own and distribute them. JAAK's creators believe in a simpler framework for licensing media on the web that will unlock a world of new content experiences and untapped value opportunities for the entire media industry - they call it 'Smart Content. Thomas Bertani - Oraclize.it ( ) Smart contracts live like in a walled garden, they cannot fetch external data on their own. Oraclize is here to help, acting as a data carrier, a reliable connection between Web APIs and your Dapp. There is no need to open additional trustlines as our good behaviour is enforced by cryptographic proofs. Raphael Mazet - Alice.si ( ) Raphael comes back to the meetup to present us with an update on Alice.si - When you give to a charity on Alice, you can track whether it achieves its goals. In fact, you only pay if it does. This leve Continue reading >>

Ethereum News, Prices, Information, And More - Ethnews.com

Ethereum News, Prices, Information, And More - Ethnews.com

The Plasma protocol compatible ETH Exchange Platform Read More Generalized state channels prototype development Read More Postmortem of Devcon3 Ethereum developers' conference Read More UN Pilots Blockchain To Combat Child Trafficking The World Identity Network, United Nations Office for Project Services, and the United Nations Office of Information and Communications Technology are partnering to launch a pilot initiative that will use blockchain technology to help combat child trafficking in Moldova. A first in the world, this project is part of a broader effort titled Blockchain For Humanity, announced during the Blockchain Humanitarian Summit in New York, on November 10, 2017... Read More Continue reading >>

Bitcoin Plungesnow Down 47 Percent From December Peak [updated]

Bitcoin Plungesnow Down 47 Percent From December Peak [updated]

Sign up or login to join the discussions! Bitcoin plungesnow down 47 percent from December peak [Updated] Every major cryptocurrency has seen double-digit losses in the last 24 hours. Bitcoin's value plunged on Tuesday, falling to $10,300the lowest value the virtual currency has seen in 2018. Bitcoin's value is down almost 25 percent over the last 24 hours, and down 47 percent from December's all-time high of around $19,500. Bitcoin's fall was part of a broader crypto-currency selloff. Every major cryptocurrency has suffered double-digit losses over the last 24 hours, according to CoinMarketCap . Ethereum is down 28 percent. Bitcoin Cash is down 31 percent. Litecoin is down 29 percent, while Dash is down 24 percent, and Monero is down 30 percent. It's hard to say what causes cryptocurrencies to go up or down on any given day. In recent months, Bitcoin and other cryptocurrencies have exhibited classic signs of a speculative bubble, with millions of ordinary investors flooding into the market in hopes of making an easy buck. That helped to push Bitcoin to new heights, but it also heightened the cryptocurrency's already significant volatility. Is Bitcoin a bubble? Heres what two bubble experts told us As a result, it has become common for particular cryptocurrencies to get "hot" and see their value soar for no apparent reason. It also means that crashes can become self-perpetuating, as inexperienced investors react by panic-selling, pushing the value down further. We've also seen market euphoria spread to the mainstream stock market. An iced tea company , a Hooters franchisee , and Kodak have all seen their stock soar after announcing blockchain initiatives. While Bitcoin is down 47 percent from its December peak, Ethereum is still on an upward trajectory since the start Continue reading >>

Bitcoin Vs Ether Vs Litecoin Vs Ripple: Differences Between Cryptocurrencies

Bitcoin Vs Ether Vs Litecoin Vs Ripple: Differences Between Cryptocurrencies

By now, you've no doubt heard about the massive bitcoin rally this year . And you may also have read about other cryptocurrencies, such as litecoin and Ethereum , surging too. But there are over 1,300 cryptocurrencies in existence. And while bitcoin dominates the market, several other digital currencies are making waves. CNBC has created a brief guide on how the top five cryptocurrencies by market capitalization, or value in the world, have performed so far this year, and what the differences are between each of them. All market cap and year-to-date rise figures are accurate as of December 14. But because of the frenzy around bitcoin, transaction times have spiked, which could go against the original aims of the cryptocurrency. While Nakamoto referred to bitcoin as electronic cash, many experts have called it "digital gold" and said it could be a long-term store of value. At the moment, some retailers in Japan have begun accepting bitcoin as payment and there are even instances of real estate firms accepting it too . But there is little evidence of widespread use of bitcoin for payments. Ethereum is the name of a blockchain company that has created the digital token ether. But Ethereum and ether are now used interchangeably to refer to the cryptocurrency. Ether is backed by a blockchain, much like bitcoin, but the technology is slightly different and aimed at a specific use case: smart contracts. Take a trade finance deal, for example. This relies on each party in the deal having a paper or digital copy of the contract and needing to update it individually. It's arduous and prone to error. But a smart contract is one that is written in code into a blockchain. Once the terms of the contract are met by each party, a deal will be executed. Many major organizations are exp Continue reading >>

Is It A Good Idea To Buy And Hold Ethereum Now (december 2017)?

Is It A Good Idea To Buy And Hold Ethereum Now (december 2017)?

Is it a good idea to buy and hold Ethereum now (December 2017)? People really need to start doing their research, I remember all the doubts and questions regarding Litecoin, Should I buy Litecoin?, Why is the price of Litecoin not moving?, I addressed this in my answer here: Quora User's answer to What do you think about Litecoins future? Now that the price of Litecoin is skyrocketing all of sudden everyone wants to buy in and I am now seeing similar questions about Ethereum. You should not rely on peoples opinions on what to invest in, it is very important that you do your own research, I believe Ethereum still has a long way to go due to the technology, potential applications and partnerships (as well as the founder, the community, the Ethereum foundation and the Ethereum Alliance). It is more than a cryptocurrency, it is a blockchain development platform with hundreds and maybe thousands of potential use cases, the more use cases a currency has the higher the demand it will have. Ethereum was originally intended as an update to Bitcoin but the proposal was rejected so Vitalik (the Ethereum founder) created Ethereum instead, it has so many more functionalities than Bitcoin now. Ethereum is so much more faster than Bitcoin and the transaction fees are a lot smaller, I have even started using Ethereum myself to move my funds around since it is cheaper and faster than using Bitcoin, Litecoin is another currency I use sometimes to transfer funds but I prefer Ethereum since I can use it to trade for altcoins which saves me having to trade back to Bitcoin and paying additional trading fees. Similar to my point above, BTC (Bitcoin) and ETH (Ethereum) are currently the only two trading pairs I know of that you can use for buying altcoins, that means you can only buy most alt Continue reading >>

Coincentral's Weekly Crypto Review | Week 1 December 2017

Coincentral's Weekly Crypto Review | Week 1 December 2017

This Week in Cryptocurrency December 15th, 2017 This Week in Cryptocurrency December 15th, 2017 Bitcoin Takes a Breather: Following Bitcoins near one month sprint, the flagship cryptocurrency took a break this week and hovered around the $16,500.00 range. Its worth noting that this is after the release of futures contracts, which many thought would signal a rapid big short of the token. Ripple Goes HAM, Upgrade from Bologna: Ripple (XRP) was relatively dormant for a few months exploded from around $0.24 all the way to an ATH of $0.87, a near 300% jump in only a few days. Ethereum Keeps Growing: Ethereum hit a new ATH around $750.00 and has been able to maintain a price around that level at the close of this week. The Rise of Litecoin: The child of @SatoshiLite (Charlie Lee) surged from around $130 to near $350 this week. This lovely jump in price is estimated to be due to the horde of new investors getting access to Coinbase and buying the cheapest option. SEC Issues Quasi-supportive Crypto Statement?: In a world where many people in the cryptocurrency community look at any regulatory body with weary and suspicious eyes, this piece of news might catch you by surprise. SEC chairman Jim Clayton i ssued a cautious, yet supportive statement concerning ICOs and cryptocurrency investments . While devoting most of the statement to warning investors of the potential troubles with investing in ICOs that are beyond the SECs jurisdiction. It has been asserted that cryptocurrencies are not securities and that the offer and sale of cryptocurrencies are beyond the SECs jurisdiction. Whether that assertion proves correct with respect to any digital asset that is labeled as a cryptocurrency will depend on the characteristics and use of that particular asset. While these words of warni Continue reading >>

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's

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 >>

Vitalik Buterin - Ethereum Blog

Vitalik Buterin - Ethereum Blog

Promoting a free, decentralized and open future Thanks to all the developers and team leads who contributed to the sections on their projects In the last month and a half, the Ethereum network went through a rapid growth in usage, to the point that it now processes as many transactions per second as Bitcoin. To accommodate the increased load, which has on [] Over the last month and a half we saw vigorous ongoing research and development on all sides of the Ethereum roadmap, and progress is rapidly starting to translate into real results that can be run and verified inside of an Ethereum client. On Metropolis: Agendas for core dev meetings 15 and 16 here: and [] The last one and a half months have seen great progress for Ethereum research, and we are excited that the protocol is moving closer and closer to the point where it is ready for mainstream adoption. Progress on consensus algorithms, privacy, zero knowledge proofs and formal verification is happening at increasing speed, and our research [] The last one and a half months have seen great progress for Ethereum research, and we are excited that the protocol is moving closer and closer to the point where it is ready for mainstream adoption. Progress on consensus algorithms, privacy, zero knowledge proofs and formal verification is happening at increasing speed, and our research [] During the last month and a half, the Ethereum core development and research teams have been building upon the progress made in the last year, and with the specter of last years security issues now well behind us, work has begun in full force on implementing the Metropolis hard fork. First, ongoing progress on the [] December marks a month of continued progressin the Ethereum ecosystem. Research on proof of stake and sharding continues aft Continue reading >>

Wetrust Community Updatedecember 22,2017

Wetrust Community Updatedecember 22,2017

WeTrust Community Update December 22,2017 Welcome to a special holiday edition of the WeTrust update. The entire WeTrust Team would like to wish our amazing community a Merry Christmas, Happy Hanukkah, Habari Gani to our friends celebrating Kwanzaa, and a Happy Holidays to everyone! In the spirit of the holiday season, we have a special gift for our community, read on to find out what it is! We recently celebrated the holidays with a team dinner at Scratch in downtown Mountain View. See if you can recognize some familiar faces from WeTrust in the photo below. Many of us spend a lot of time with friends and family this time of year observing holiday traditions. One of my favorite traditions is watching the classic movie Its a Wonderful Life. At the end of the movie, George Baileys savings and loan company has lost a great deal of money, but the community he has helped throughout the movie bands together to provide the funds to cover his loss. Its a great reminder that lending circles among trusted groups of friends and family (or Trusted Lending Circles, if you will) is at the heart of all banking, and a great example of a community coming together to support its members. If youve made it this far, we promised you a gift, and here it is! Weve been talking about our efforts to ramp up our marketing in the past couple of updates, and were finally ready to unveil a preview of our first ad. Were struggling a bit with the music for the ad (were blockchain guys, not DJs:)), does anyone have good resources to suggest for the background music? Without further ado, here it is, we really hope you like it. Since we are on a holiday break, we wont have an update or an AMA for you next week. See you in 2018! Continue reading >>

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