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re: Official CryptoTalk Thread
Posted on 5/2/22 at 1:11 pm to CarRamrod
Posted on 5/2/22 at 1:11 pm to CarRamrod
quote:
I don't see how you just say...ohh this is different.
Its quite a bit different to potentially break $330 Billion worth of value tied up on ETH from moving the chain validation from POW to POS.
And the process is NOT the same. The switch is going to happen live. ERC20 tokens will remain ERC20 tokens. Not a "copy" to a new token.
Again, I dont really like they way ETH is doing it, but it is what it is at this point.
1
Posted on 5/2/22 at 1:15 pm to JayDeerTay84
quote:it's not like they have vaults of hard cash tied to this they have to move. Yea there is value, but it's a shared belief there is value in this.
Its quite a bit different to potentially break $330 Billion worth of value tied up on ETH from moving the chain validation from POW to POS.
quote:yes it is ...it will only be a copy because there is an original Eth. They can fork the chain, point everything to the new chain and the old erc20s will be the new erc 20s. I believe there has been updates to eth where this has been done. So yes, it basically is the same.
And the process is NOT the same. The switch is going to happen live. ERC20 tokens will remain ERC20 tokens. Not a "copy" to a new token.
This post was edited on 5/2/22 at 1:17 pm
Posted on 5/2/22 at 1:16 pm to CarRamrod
quote:
do you know what a test net is? I mean I know you do. But that's exactly what it is for. Pulses test net has been running for months. Along side Ropsten.
Yes, obviously testnets are for bug finding and fixing. That's exactly what ethereum core devs and dev base is doing. They have the post-merge testnet, Kiln, out. Delays are now happening because bugs are being found and fixed.
However, everyone who has worked in tech knows: "worked in test, broken in prod". They're trying to avoid this. Its nearly impossible to test all use cases of basically any product in a test env. Ethereum's user base being so large and participating on testnets is a large boon, but also why testing is taking a long time.
This post was edited on 5/2/22 at 1:18 pm
Posted on 5/2/22 at 1:22 pm to CarRamrod
quote:
How much you pay?
I show you the exact models:
LINK That's $1999 prior to taxes x 3.
Then 3 of these. LINK @ 2199 per.. again prior to taxes.
I am using the water cooling system on the hybrids to aid in cooling the rig. :) They are placed every other one.
I already has some parts from a rig I parted out and sold. So total cost was around $1300 each.
quote:
I'm still running the super power hungry 1080tis.
You turned them back on?
Posted on 5/2/22 at 1:32 pm to Jjdoc
I've got a gtx1070 in my old gaming rig, guess that's not really even worth mining on. Looks like I'd get ~.0003 ETH/day lol
Posted on 5/2/22 at 1:33 pm to CarRamrod
quote:
yes it is ...it will only be a copy because there is an original Eth. They can fork the chain, point everything to the new chain and the old erc20s will be the new erc 20s. I believe there has been updates to eth where this has been done. So yes, it basically is the same.
But they aren't doing this. They are merging. There is no fork or copy.
Its like Hulk was saying, its not really a 2.0.
Now, I would agree that they could have went a different route.
Posted on 5/2/22 at 1:59 pm to Jjdoc
quote:yea this weekend.... I'm out of eth for transactions
You turned them back on?
Posted on 5/2/22 at 2:04 pm to Hulkklogan
quote:
I've got a gtx1070 in my old gaming rig, guess that's not really even worth mining on. Looks like I'd get ~.0003 ETH/day lol
Depends on electricity costs and if you have a good plan. I never think that money made is "not worth it"
I actually own an EVGA 1070 and it does about $1 per day at the current prices. gotta kid? $30 per month in the market is not bad.
Last week, I purchased a call spread on SPXS for $28, sold today for $49. See what I mean?
Even if you wanted to use it as a "high risk play money". example... IVR is a high risk. VERY DEPRESSED REIT. It pays a very nice dividend (19%). Current Price $1.74 per share.
The great thing about that is you did not have to work extras hours for that money...
That $1 per day is at current price and .11 kWh
Posted on 5/2/22 at 2:05 pm to CarRamrod
quote:
I'm out of eth for transactions
2miners is free if you elect to get paid in BTC...
Get paid with out ETH Fees.
quote:
If you mine Ethereum in the 2Miners pool, you can choose one of three cryptocurrencies for payouts: Ethereum, Bitcoin, or Nano. The minimum payout in Ethereum is 0.01 ETH (~$36), in Bitcoin is 0.005 ETH (~$18), and in Nano – 0.0005 ETH (~$1.80).
Each payout in NANO is absolutely free
Each payout in BTC costs you less than $0.5
When miners get payouts from our payment gateway, they pay only a part of the transaction fee in the Bitcoin network. We group all miner payouts in one transaction. The transaction expenses are then divided between the miners in equal parts. That is why the current fee for each miner is less than $0.5
I elect to get paid in BTC. But NANO may be a better option
This post was edited on 5/2/22 at 2:13 pm
Posted on 5/2/22 at 2:24 pm to Jjdoc
Yeah I'm going back and forth on it actually.
I'm seeing ~.12 for my $/KwH.
I'm seeing ~.12 for my $/KwH.
Posted on 5/2/22 at 2:41 pm to Hulkklogan
quote:
Yeah I'm going back and forth on it actually.
I'm seeing ~.12 for my $/KwH.
If it make money and does not interfere with your work... it's money made.
Posted on 5/6/22 at 9:20 am to Jjdoc
Time for masochists to shine. We going to zero, frens. Time to buy blue chips.
This post was edited on 5/6/22 at 9:53 am
Posted on 5/7/22 at 6:56 am to Hulkklogan
Big brain time
LINK
Play with new ecosystems to get airdrops
LINK
Play with new ecosystems to get airdrops
This post was edited on 5/7/22 at 7:33 am
Posted on 5/7/22 at 8:45 am to Hulkklogan
Surprised that bitcoin and ETH haven’t turned a corner yet. Thought maybe BTC would get to $50,000 a few months ago
Posted on 5/7/22 at 10:44 am to schwartzy
The macro headwinds have been pretty strong.
Posted on 5/8/22 at 9:04 am to schwartzy
With all of these new people in our space, this crypto winter could be a tough one. When the bottom falls out, they will bail. Lots of people were putting a small % of retirement funds in BTC/ETH and I am interested to see if they have the patience to hold.
Posted on 5/8/22 at 4:41 pm to AUCE05
While they're selling and leaving, ill be building smart contracts for projects and stacking chips.
Posted on 5/9/22 at 8:30 am to Hulkklogan
I think we are heading to 20k
Posted on 5/9/22 at 9:10 am to AUCE05
Each bear market it dips down to about the peak of the previous bull market.
Each bear market has also lasted several years, so don't know why people are surprised BTC isnt bouncing back towards ATH already.
I dont really expect things to start bouncing back until 2023 or 2024.
I just picture the next bull run lining up with Trump winning in 2024. The economy is gonna be dogshit until then.
Each bear market has also lasted several years, so don't know why people are surprised BTC isnt bouncing back towards ATH already.
I dont really expect things to start bouncing back until 2023 or 2024.
I just picture the next bull run lining up with Trump winning in 2024. The economy is gonna be dogshit until then.
Posted on 5/9/22 at 9:14 am to umrebel2009
I am wanting a few years of bear so I can stack some more BTC/ETH. If/when ETH hits 20k, I am retiring.
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