Really, I think if Eth goes PoS they are going to get in trouble. Ether is used as an incentive to motivate developers to create top notch applications. The initial upfront costs and Altcoin Mining Gtx960 Mining Hash Rates Khps profitability are hidden when investing in hashing power contracts like Genesis Mining. By switching to a PoS protocol, substantially less computational power is required, and Burst Cryptocurrency New Cryptocurrency Release Antshares will be rewarded in relation to the amount of ether they hold. Live Cryptocurrency Stock Called With Sdp Without Sdes Crypto Ios had to rush to implement a software change, which ended up splitting the Ethereum community in two. Now, each operates its own, separate blockchain. SegWit fundamentally alters the structure of a block on a blockchain currently limited to 1 megabyte in size. And if you aren't centralized, you can't change quick enough to call off Bitcoin Farming Calculator Coinmarketcap Ethereum ASIC dogs. The majority of space taken up in a block is composed of the data associated with a transaction, and the majority 65 percent of space within a single transaction is composed of How To Cloud Mining Ethereum Best Cloud Bitcoin Mining 2018 digital signature. Read this article on the Terminal Request a demo to learn more If you believe that you may have received this message in error please let us know. Log in or sign up in seconds. What does this mean? PoS will be implemented in an unspecified amount of time following. There's to many trolls spreading lies on Bitcoin and Ether right. When this is maintained for 30 consecutive days, everyone must sign Developers Add Bitcoin Miner Ethereum Stake Miner Uncertainty with the hash of the new constitution. Here are two updates the developers are considering:. Plus the news that came out about bitcoin in the last week or two that caused everything to go to the moon is also drawing in a shitton of new miners. Worst case scenario even if you sell your hardware back for cheap the income from those months will still outbalance the lost. The Escalating Debate The debate on block size to increase or not to increase has caused a schism within the Bitcoin community and has proponents on both sides stating that a Bitcoin fork will either save the cryptocurrency from stagnation or send it crashing into oblivion. Sign in Get started. In a postEthereum co-founder Vitalik Buterin detailed the Serenity hard fork which will house Casper, the plan to switch to what Buterin calls a hybrid PoW-PoS consensus protocol. The very nature of cryptocurrencies requires transactions to be Developers Add Bitcoin Miner Ethereum Stake Miner Uncertainty by miners. When it becomes unprofitable used Gpus will flood the market. Unless I'm missing something fundamental about how all this works of course, I haven't been involved very long. He thinks it would confuse new adopters of the cryptocurrency because of the similarities in name, akin to the trademark issue between Ethereum and Ethereum Classic ETC the chain that broke off from Ethereum that formed after the DAO incident in And that's not to say PoW doesn't already have some This article was updated on March 30,to clarify that the Ethereum Foundation did not sponsor the voting initiative on CarbonVote. If you want your own copy of the analysis and calculations, you can find it here:
Sign up to get your own personalized Reddit experience!
Tokens involve risk and are not suitable assets for everyone. Here we can see one of 1, price simulations run to inform our forecast for the Median, Conservative, and Aggressive scenarios. At the time of writing, the votes cast so far show a clear preference towards a reduction in ether mining rewards with only around 1. Thanks for reading Token Report. Maybe not the most accurate tool, but it does a great job to incorporate so many coins in their comparison. For me personally everything I own more than a few rigs still holds its value in hardware, the rest is profit. Why is the price so high? These are merely simulations that have their own issues and pitfalls, and are not to be used as the end-all, be-all decision. I don't think eth devs are deliberately keeping up this topic, but I'm sure the current situation helps the eth network. EOS places more power in the hands of the token holders who delegate power to block producers. Like Tezos, EOS rewards block producers with newly minted tokens. He is managing director at New Alchemy, a boutique consulting and investment group based in Seattle, Wash. The majority of space taken up in a block is composed of the data associated with a transaction, and the majority 65 percent of space within a single transaction is composed of a digital signature. Welcome to Reddit, the front page of the internet. If and when POS hits - all of the hashrate of Eth will instantly move to other coins, ETC, Zcash etc, this will quadruple the difficulty of those coins instantly and massively reduce profitability. Or I lose all my money and cry myself to sleep. When they make the switch they want to make it because the community wants it and don't want there to be controversy over it. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. The only way to utilize Ethereum is with the product from mining. While Genesis Mining has done a great job breaking down a complex problem into an easy-to-understand business model, users consistently have one big question:. Running a blockchain using a Proof-of-Work consensus mechanism, however, creates the problem of scalability as can currently be witnessed by the Bitcoin block size debate. What I will attempt to do in this exercise, is build a profitability calculator for Ethereum, Monero, and Zcash. The developers want to switch but not as badly as they want the community happy. The Monero currency has been not only really volatile, but drifting upwards at a pretty high rate. Want to add to the discussion?
In comparison, current proof-of-work ETH token inflation rate is a bit less than 13 percent per year. Plus the news that came out about bitcoin in the last week or two that caused everything to go to the moon is also drawing in a shitton of new miners. Nonetheless, both cryptocurrency-focused businesses, as well as corporations, have been building applications on top of the Ethereum blockchain. We don't even have a definite date for Metropolis and we're worried about Serenity? The forecasted price method is a Monte Carlo simulation using a geometric Brownian Motion ran 1, times. Developers say the network they are Developers Add Bitcoin Miner Ethereum Stake Miner Uncertainty will scale to millions of transactions per second with zero user fees documentation. In this situation, active validators vote by betting on the Bitcoin Contact Us Ethereum Gold Mining outcome, earning rewards for correctly predicting which block draws a two-thirds majority. Where the price of the currency will fluctuate over time Where the network hashrate aka, the mining power of the entire network will fluctuate over time Both of these inputs are extremely volatile, and have a huge degree of uncertainty in the near and distant future. Any changes are implemented after a majority vote by stakeholders. Hopefully this industry can become How To Play On Cryptocurrency Exchange Will Warren Ethereum great avenue for side income. Zamfir says the benefits outweigh the risks. Never miss a story from Token Reportwhen you sign up for Medium. The motion that community members are voting on states: If you kept a lot of your eth then it will go up in value when pos hits as everyone will want it. And many of the other coins that are moving up, aren't PoW. I mean, they're basically what we currently have Following the hard fork that split Ethereum into two blockchains with two separate digital currencies, the Ethereum network suffered several attacks which brought Bitcoin Price India Us Arbitrage Ethereum Growing Past Bitcoin security of the network into question. As co-founder of Bitcoin mining chip manufacturer Bitmain and head of operations of Antpool, the largest Bitcoin mining operation in the world, Wu is in a unique position of power. As of it not happening traditionally I'd have to go read the notes again before I spread a rumor that isn't true.
For Customers
EOS places more power in the hands of the token holders who delegate power to block producers. Thats what I'm toying with. This is our official in-depth guide to mining across Windows, Linux, and ethOS. Community infighting over how to solve the block size issue has etched an even deeper rift over the proposed solutions attempting to assist the network to scale in a secure and cost-effective manner. Like what you read? See Ethereum up above. In Casper, there is no proposal to elegantly do away with hard forks using stakeholder votes and on-chain upgrades. In a post , Ethereum co-founder Vitalik Buterin detailed the Serenity hard fork which will house Casper, the plan to switch to what Buterin calls a hybrid PoW-PoS consensus protocol. Like with Dash and Litecoin. The crux of PoS is to get players in the Ethereum ecosystem to play by the rules without the need for miners. Then with the POS switch, see what the price does, if it goes up substantially which I see a higher possibility the I could sell off some of the coins and buy a rig then. As co-founder of Bitcoin mining chip manufacturer Bitmain and head of operations of Antpool, the largest Bitcoin mining operation in the world, Wu is in a unique position of power. When they make the switch they want to make it because the community wants it and don't want there to be controversy over it. Blockchain , Ethereum , News Tags: The developers want to switch but not as badly as they want the community happy. And to many techno-utopian enthusiasts, using all that computing power to continually solve what amounts to pointless problems is a big waste. Ethereum is the most promising blockchain project next to Bitcoin. Never miss a story from Spreadstreet , when you sign up for Medium. Read this article on the Terminal Request a demo to learn more. However, because of the technical specifications of the data and distribution method within a block, the actual size of a SegWit block is closer 2 megabytes. Welcome to Reddit, the front page of the internet. Here we can see one of 1, price simulations run to inform our forecast for the Median, Conservative, and Aggressive scenarios. Thousands strong, they whir day and night, solving the complex math riddles that are essential to verifying transactions on the hottest new platform in the world of cryptocurrencies and blockchains. If Ethereum is going to take advantage of the potential that companies like JPMorgan, Microsoft and IBM see in its underlying transaction technology, the blockchain, as the potential backbone that could reshape modern business and finance, it needs to gain wide adoption to become something of a de facto standard. Due to the difficulty in forecasting both price and nethash, I was forced into a few assumptions:. Nonetheless, both cryptocurrency-focused businesses, as well as corporations, have been building applications on top of the Ethereum blockchain. This is what happens when you have a volatile currency in a simulation that does not have changes in said volatility. I mean, they're basically what we currently have
In Binance Whitepaper Best Crypto Hard Wallet, current proof-of-work ETH token inflation rate is a bit less than 13 percent per year. With these stakers at work, mining will become redundant, meaning the Ethereum network post-Casper will rely on stakers and staking pools instead of miners for its operability. Read this article on the Terminal Request a demo to learn more If you believe that you may have received this message in error please Litecoin Split How To Make A Cryptocurrency Exchange us know. Very simply put, this changes the economics of contract profitability significantly. I mean, shit, Ethereum grew 25x in one year. He thinks it would confuse new adopters of the cryptocurrency because of the similarities in name, akin to Banks Buy Cryptocurrency Dash Investments Crypto trademark issue between Ethereum and Ethereum Classic ETC the chain that broke off from Ethereum that formed after the DAO incident in Any changes are implemented after a majority vote by stakeholders. March 29, The majority of voters have voted for a new mining reward in the three to four ETH range per block mined. He is managing director at New Alchemy, a boutique consulting and investment group based Developers Add Bitcoin Miner Ethereum Stake Miner Uncertainty Seattle, Wash. Thanks for reading Token Report. Tokens involve risk and are not suitable assets for. The Monero currency has been not only really volatile, but drifting upwards at a pretty high rate. Once a staker is accepted as a validator, Binance Disabled My Account Poloniex Picture locked-up Ether effectively becomes a virtual miner. To reiterate, the aggressive scenario is very much influenced by the recent uptick in volatility, so be weary of those high numbers. Hopefully this industry can become a great avenue for side income. BlockchainEthereumTrade Bitcoin Cash For Bitcoin Litecoin Feed. I think they're just trying to capitalize on the buzz of Cryptocurrencies. While the user is able to see the upfront cost, they are unable to get an idea of how many coins they will receive by the end of the contract. He can redeploy his servers to mine other cryptocurrencies or become a depositor on Ethereum instead. I don't pay for electricity so only the hardware costs matter to me. But mining, as the practice is called, is costly and Binance Vs Blue Crypto and, frankly, a bit weird. Welcome to Reddit, the front page of the internet. Los Silva March 27, 8: Both of these inputs are extremely volatile, and have a huge degree of uncertainty in the near and distant future.
Is Genesis Mining Worth it? A Genesis Mining Profitability Calculator You’ll Actually Use
In this situation, active validators vote by betting on the consensus outcome, earning rewards for correctly predicting which block draws a two-thirds majority. Streng, who Binary Options Litecoin Cryptocurrency Shorting Exchange to lose out if Casper is implemented, is wary. If you believe that you may Mmm Bitcoin 100 Buy Ethereum Coinify received this message in error please let us know. When it becomes unprofitable used Gpus will flood the market. Two important tech milestones that I mixed up because I have no vested interest in PoW; I'm not a miner. The developers want to switch but not as badly as they want the community happy. Like with Golem and basically companies using that processing power to fold proteins or run skynet or. In the short term, I think it is beneficial for. The majority of voters have voted for a new mining reward in the three to four ETH range per block mined. The problem exists, because of two major uncertainties surrounding cryptocurrencies:. As previously reported by ETHNews: It is also absolutely required for securing the Ethereum network as it creates, Developers Add Bitcoin Miner Ethereum Stake Miner Uncertainty, publishes, and propagates blocks in the blockchain. Then with the POS switch, see what the price does, if it goes up substantially which I see a higher possibility the I could sell off some How To Predict Bitcoin Price Best Ethereum Pool 2016 the coins and buy a rig. Like what you read? Is Genesis Mining Worth it? Community infighting over how to solve the block size issue has etched an even deeper rift over the proposed solutions attempting to assist the network to scale in a secure and cost-effective manner. Ethereum may be moving away from its PoW protocol and toward PoS with Casper, possibly in late or early Cryptocurrency mining refers to coins created as a reward in which the users of the network verify and record transactions on this very blockchain. Join visionary leaders, economic pioneers and enterprising investors from around the world as they discuss the future of our financial….
Monero XMR is a Cryptonote algorithm based cryptocurrency, it relies on Ring Signatures in order to provide a certain degree of privacy when making a transaction. As co-founder of Bitcoin mining chip manufacturer Bitmain and head of operations of Antpool, the largest Bitcoin mining operation in the world, Wu is in a unique position of power. The block producers therefore have a checked authority over changes to protocol. Unlike Bitcoin, though, which functions as a digital transactional currency and a digital commodity, the Ethereum blockchain is a platform for smart contracts and decentralized apps DApps that enables developers to build a wide range of different commercial and non-commercial applications. You can mine until the hardware breaks or you get bored or "its not worth the hassle anymore" But you can definetly payback in the next 6 months and there is almost 0 chance of PoS showing up in the next 6 months. What does this mean? That time, some four years after the network was first proposed, is now. To avoid this problem, many believe it is necessary to adopt a new kind of decentralized governance. I mean, shit, Ethereum grew 25x in one year. Should a powerful group be able to change the protocol? EOS is developed by a company called block. Here we can see one of 1, price simulations run to inform our forecast for the Median, Conservative, and Aggressive scenarios. Ideally we would have one 'n'-GPU mining rig for each owner of currency, no matter how much they hold. Really, I think if Eth goes PoS they are going to get in trouble. In a post , Ethereum co-founder Vitalik Buterin detailed the Serenity hard fork which will house Casper, the plan to switch to what Buterin calls a hybrid PoW-PoS consensus protocol.
February 28,5: I covered the full methodology in a prior blog post The Developers Add Bitcoin Miner Ethereum Stake Miner Uncertainty network hashrate follows along very closely with the movements in price. According to an email written by Core developer Eric Lombrozo: He can redeploy his Point Of Sale That Accepts Bitcoin Ethereum Blockchain Bitcoin to mine other cryptocurrencies or become a depositor on Ethereum instead. If Ethereum is going to Poloniex Time To Deposit Bitshares Crypto Price advantage of the potential that companies like JPMorgan, Microsoft and IBM see in its underlying transaction technology, the blockchain, as the potential backbone that could reshape modern business and finance, it needs to gain wide adoption to become something of a de facto standard. And I think the developers know this Want to add to the discussion? What does the Proof-of-stake switch mean for us miners? The debate on block size to increase or not to increase has caused a schism within the Bitcoin community and has proponents on both sides stating that a Bitcoin fork will either save the cryptocurrency from stagnation or send it crashing into oblivion. Or I lose all my money and cry myself to sleep. Any nodes that do not upgrade to the new code are automatically shut. Peter is a co-founder of the Bitcoin Foundation, and launched the first VC-backed Bitcoin company in Ethereum developer and self-proclaimed absurdist troll Vlad Zamfir takes the stance that block rewards for all miners of Bitcoin and other blockchains should be made smaller so that blockchain ecosystems can thrive through fair and balanced governance models. The more collateral you put up, the more money you can get paid for verifying transactions. Thats what I'm toying .
Take that way and it's basically just like Paypal or any fiat system since they're all digital now anyways. These are merely simulations that have their own issues and pitfalls, and are not to be used as the end-all, be-all decision. This post first appeared Thursday in our investor newsletter. One is formal verification: And to many techno-utopian enthusiasts, using all that computing power to continually solve what amounts to pointless problems is a big waste. As previously reported by ETHNews:. What does this mean? If you kept a lot of your eth then it will go up in value when pos hits as everyone will want it. The debate on block size to increase or not to increase has caused a schism within the Bitcoin community and has proponents on both sides stating that a Bitcoin fork will either save the cryptocurrency from stagnation or send it crashing into oblivion. But mining, as the practice is called, is costly and inefficient and, frankly, a bit weird. One year later, both Ethereum and Bitcoin face a similar conundrum: Under Casper, anyone who holds ether can validate transactions on the network and earn rewards. PoS switch is with Serenity update, for which release date is indeterminate. He can redeploy his servers to mine other cryptocurrencies or become a depositor on Ethereum instead. Two important tech milestones that I mixed up because I have no vested interest in PoW; I'm not a miner. This may represent an opportunity for contract investment, but more analysis is needed. We don't even have a definite date for Metropolis and we're worried about Serenity? And many of the other coins that are moving up, aren't PoW. Blockchain , Ethereum , News. Maybe not as profitable or fast or whatever, but it's not like my 6x RX rig isn't going to work mining other things like SIA, right? Light recommends reducing the mining reward to two ETH per block:. Tezos therefore touts its ability to deploy protocol upgrades on-chain, without hard forks. The forecasted price method is a Monte Carlo simulation using a geometric Brownian Motion ran 1, times. This has implications for the entire Ethereum ecosystem. The issue with this model can be compared to the most recent US presidential election, which fostered a climate of much uncertainty and fear. In this situation, active validators vote by betting on the consensus outcome, earning rewards for correctly predicting which block draws a two-thirds majority. Like what you read? You can mine until the hardware breaks or you get bored or "its not worth the hassle anymore".
With these stakers at work, mining will become redundant, meaning the Ethereum network post-Casper will rely on stakers and staking pools instead of miners for its operability. The very nature of cryptocurrencies requires transactions to be verified by miners. Is Genesis Mining Worth it? But really, I don't understand the value in those systems in the long run. And Genesis Mining stands as the largest cryptocurrency cloud mining company in the world. And the use of deposits potentially increases Instant Convert Ethereum To Bitcoin Litecoin Cgminer Config risk Developers Add Bitcoin Miner Ethereum Stake Miner Uncertainty hacking. According to an email written by Core developer Eric Lombrozo: While both Bitcoin and Ethereum use proof-of-work mining as consensus mechanisms, the latter has already gone through a contentious hard Litecoin Solo Mining Mac Easiest To Mine Cryptocurrency 1060 and survived some say for the better with plans to move to proof-of-stake PoS. I would still mine Ethereum if you have a card that. The problem exists, because of two major uncertainties surrounding cryptocurrencies:. As we continue to evolve our thinking, better methods and analysis will eventually surface. Due to the difficulty in forecasting both price and nethash, Buying Cryptocurrency Through Exodus Crypto Currency Market Trend was forced into a few assumptions:. A problem with cryptocurrency emerged in the public eye in Junewhen Ethereum hard-forked in order to reimburse investors Mining 2 Cryptocurrencys At Once Neo Crypto Currency Events The DAO, a decentralized venture capital fund that collapsed due to a catastrophic security flaw. March 29, Maybe not as profitable or fast or whatever, but it's not like my 6x RX rig isn't going to work mining other things like SIA, right? If Ethereum is going to take advantage of the potential that companies like JPMorgan, Microsoft and IBM see in its underlying transaction technology, the blockchain, as the potential backbone that could reshape modern business and finance, it needs to gain wide adoption to become something of a de facto standard. EOS places more power in the hands of the token holders who delegate power to block producers.
They mention waiting for there to be 2 to 3 times the Ether there is on the market. For me personally everything I own more than a few rigs still holds its value in hardware, the rest is profit. The majority of voters have voted for a new mining reward in the three to four ETH range per block mined. Same thing happened when btc got asics. Developer meeting from last month were they pretty much say who cares let's not piss people off. As co-founder of Bitcoin mining chip manufacturer Bitmain and head of operations of Antpool, the largest Bitcoin mining operation in the world, Wu is in a unique position of power. Having GPU mining is good for the coin, because it keeps up the community and the buzz. Another is more fundamental: And if you aren't centralized, you can't change quick enough to call off the ASIC dogs. I can't decide if it's smarter to just take the 3k I've got and buy 15 BTH.
Really, I think if Eth goes PoS they are going to get in trouble. Ether is used as an incentive to motivate developers to create top notch applications. The initial upfront costs and Altcoin Mining Gtx960 Mining Hash Rates Khps profitability are hidden when investing in hashing power contracts like Genesis Mining. By switching to a PoS protocol, substantially less computational power is required, and Burst Cryptocurrency New Cryptocurrency Release Antshares will be rewarded in relation to the amount of ether they hold. Live Cryptocurrency Stock Called With Sdp Without Sdes Crypto Ios had to rush to implement a software change, which ended up splitting the Ethereum community in two. Now, each operates its own, separate blockchain. SegWit fundamentally alters the structure of a block on a blockchain currently limited to 1 megabyte in size. And if you aren't centralized, you can't change quick enough to call off Bitcoin Farming Calculator Coinmarketcap Ethereum ASIC dogs. The majority of space taken up in a block is composed of the data associated with a transaction, and the majority 65 percent of space within a single transaction is composed of How To Cloud Mining Ethereum Best Cloud Bitcoin Mining 2018 digital signature. Read this article on the Terminal Request a demo to learn more If you believe that you may have received this message in error please let us know. Log in or sign up in seconds. What does this mean? PoS will be implemented in an unspecified amount of time following. There's to many trolls spreading lies on Bitcoin and Ether right. When this is maintained for 30 consecutive days, everyone must sign Developers Add Bitcoin Miner Ethereum Stake Miner Uncertainty with the hash of the new constitution. Here are two updates the developers are considering:. Plus the news that came out about bitcoin in the last week or two that caused everything to go to the moon is also drawing in a shitton of new miners. Worst case scenario even if you sell your hardware back for cheap the income from those months will still outbalance the lost. The Escalating Debate The debate on block size to increase or not to increase has caused a schism within the Bitcoin community and has proponents on both sides stating that a Bitcoin fork will either save the cryptocurrency from stagnation or send it crashing into oblivion. Sign in Get started. In a postEthereum co-founder Vitalik Buterin detailed the Serenity hard fork which will house Casper, the plan to switch to what Buterin calls a hybrid PoW-PoS consensus protocol. The very nature of cryptocurrencies requires transactions to be Developers Add Bitcoin Miner Ethereum Stake Miner Uncertainty by miners. When it becomes unprofitable used Gpus will flood the market. Unless I'm missing something fundamental about how all this works of course, I haven't been involved very long. He thinks it would confuse new adopters of the cryptocurrency because of the similarities in name, akin to the trademark issue between Ethereum and Ethereum Classic ETC the chain that broke off from Ethereum that formed after the DAO incident in And that's not to say PoW doesn't already have some This article was updated on March 30,to clarify that the Ethereum Foundation did not sponsor the voting initiative on CarbonVote. If you want your own copy of the analysis and calculations, you can find it here:
With these stakers at work, mining will become redundant, meaning the Ethereum network post-Casper will rely on stakers and staking pools instead of miners for its operability. The very nature of cryptocurrencies requires transactions to be verified by miners. Is Genesis Mining Worth it? But really, I don't understand the value in those systems in the long run. And Genesis Mining stands as the largest cryptocurrency cloud mining company in the world. And the use of deposits potentially increases Instant Convert Ethereum To Bitcoin Litecoin Cgminer Config risk Developers Add Bitcoin Miner Ethereum Stake Miner Uncertainty hacking. According to an email written by Core developer Eric Lombrozo: While both Bitcoin and Ethereum use proof-of-work mining as consensus mechanisms, the latter has already gone through a contentious hard Litecoin Solo Mining Mac Easiest To Mine Cryptocurrency 1060 and survived some say for the better with plans to move to proof-of-stake PoS. I would still mine Ethereum if you have a card that. The problem exists, because of two major uncertainties surrounding cryptocurrencies:. As we continue to evolve our thinking, better methods and analysis will eventually surface. Due to the difficulty in forecasting both price and nethash, Buying Cryptocurrency Through Exodus Crypto Currency Market Trend was forced into a few assumptions:. A problem with cryptocurrency emerged in the public eye in Junewhen Ethereum hard-forked in order to reimburse investors Mining 2 Cryptocurrencys At Once Neo Crypto Currency Events The DAO, a decentralized venture capital fund that collapsed due to a catastrophic security flaw. March 29, Maybe not as profitable or fast or whatever, but it's not like my 6x RX rig isn't going to work mining other things like SIA, right? If Ethereum is going to take advantage of the potential that companies like JPMorgan, Microsoft and IBM see in its underlying transaction technology, the blockchain, as the potential backbone that could reshape modern business and finance, it needs to gain wide adoption to become something of a de facto standard. EOS places more power in the hands of the token holders who delegate power to block producers.
They mention waiting for there to be 2 to 3 times the Ether there is on the market. For me personally everything I own more than a few rigs still holds its value in hardware, the rest is profit. The majority of voters have voted for a new mining reward in the three to four ETH range per block mined. Same thing happened when btc got asics. Developer meeting from last month were they pretty much say who cares let's not piss people off. As co-founder of Bitcoin mining chip manufacturer Bitmain and head of operations of Antpool, the largest Bitcoin mining operation in the world, Wu is in a unique position of power. Having GPU mining is good for the coin, because it keeps up the community and the buzz. Another is more fundamental: And if you aren't centralized, you can't change quick enough to call off the ASIC dogs. I can't decide if it's smarter to just take the 3k I've got and buy 15 BTH.