Ethereum

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Jeeves

301 posts

Ultimate Geek

#214845 31-May-2017 10:13

Surprised there doesn't appear to be any posts on here about it.

If you don't know what it is, I suggest you give yourself an hour or two of time and get your google fu going.

It's basically Bitcoin redux, but using the blockchain to implement smart contracts, rather than just a currency exchange and hold protocol like Bitcoin is.

Bitcoin is making headlines for increasing 2.5-3x in value this year... Ethereum has increased 26x this year in value - and today marks a big day with large Chinese exchanges starting to sell it.

Yesterday is passed Bitcoin in market capitalisation, with a lot of pundits saying it's pretty much going to overtake bitcoin in the near future - mosty down to Bitcoin self imploding with in fighting about what to do with its inherent problems (Which Etheruem has more or less solved).

Interesting times ahead!

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dafman

3746 posts

Uber Geek
Inactive user

#1792275 31-May-2017 12:14

Last decade saw the dotcom crash.

I wonder if this decade will herald in the crypto-currency crash.

I see all the classic signs of a bubble.

darylblake

1097 posts

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#1792280 31-May-2017 12:26

Yep. People seem to be purchasing it in their droves.

Look at how hard it is to get your hands on an RX570, 580 or 470/480. No stock anywhere.. wonder why.

sidefx

3607 posts

Uber Geek

Trusted

#1792348 31-May-2017 14:01

darylblake:

Yep. People seem to be purchasing it in their droves.

Look at how hard it is to get your hands on an RX570, 580 or 470/480. No stock anywhere.. wonder why.

Are there not dedicated ASICs miners for it yet?

(EDIT: Googling a bit and it seems the memory requirements might be the limiting factor here?)

"I was born not knowing and have had only a little time to change that here and there." | Electric Kiwi | Sharesies
- Richard Feynman

jaymz

1132 posts

Uber Geek

#1792357 31-May-2017 14:13

I have been kicking myself for not buying some bitcoins back in the day when they were cheap, the value of them now is crazy!

I have been looking into it again recently and Ethereum looks quite good. Tempted to buy 1 of it and sit on it and see what happens.

darylblake

1097 posts

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Trusted

#1792896 1-Jun-2017 09:13

sidefx:

darylblake:

Yep. People seem to be purchasing it in their droves.

Look at how hard it is to get your hands on an RX570, 580 or 470/480. No stock anywhere.. wonder why.

Are there not dedicated ASICs miners for it yet?

(EDIT: Googling a bit and it seems the memory requirements might be the limiting factor here?)

Nope. No ASIC. Will be expensive to create them, i think for precisely that reason. Its something to do with the algorithm.

It was weird man. I bought an RX570 last night. These cards a month or so ago were $180 - $190 USD. Now going for $350 USD on most popular sites.
PB tech only had ASUS branded ones left in stock in their distribution centre. They had about 16 cards in stock about 10pm last night. I checked this morning there was NOTHING LEFT.

All retailers are pretty much taking "Pre orders" for them.

The one I bought fortunately was in stock, and im getting it delivered today. But its bizarre that these cards pricing has spiked so much. I heard some gamers were getting a bit gripey because they couldnt get their cards for gaming, many are switching to buying Nvidia's GTX1060... But the 1060 and 1070 are the next cab of the rank if the price of the RX480/580 and RX570/470 continue to go up.

EDIT: nothing on trademe either.

mdf

3065 posts

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#1792916 1-Jun-2017 09:31

Note that there are two ethereums now, following a hard fork last year. This was due to a hack (arguably legitimate exploit) of the DAO (read about it here).

"Investing" in any kind of crypto currency has to have the biggest possible Caveat Emptor attached to it.

UHD

655 posts

Ultimate Geek
Inactive user

#1792946 1-Jun-2017 10:17

Has the problem of anonymity been solved? That is the largest problem with BTC in my opinion. If I can't trade privately then I see no advantage over cash.

jpoc

1031 posts

Uber Geek

#1793277 1-Jun-2017 18:02

UHD:

Has the problem of anonymity been solved? That is the largest problem with BTC in my opinion. If I can't trade privately then I see no advantage over cash.

Mostly, I have used crypto for moving value from one side of the world to another. It is faster and cheaper than anything else.

Yabanize

2337 posts

Uber Geek

#1793282 1-Jun-2017 18:24

Many large companies, Samsung, Toyota ETC are interested in it too.

greenbone

176 posts

Master Geek

#1798851 12-Jun-2017 19:35

flipped all my btc for a whole heap of eth a while ago

btcs hit a dead end, all the potential is with eth. eg singapore just tokenised their currency on a private ethereum blockchain

Cogenate

46 posts

Geek

#1801351 15-Jun-2017 11:08

I recently bought a couple of RX 570's, waiting for them to arrive. Going to be mining SIA coins and converting the coins to Ethereum to hold onto.

Ethereum looking like it will get pretty big within 3-5 years

hio77

'That VDSL Cat'
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Voyager

Subscriber

#1801480 15-Jun-2017 12:34

Certainly a topic i've been curious about of late..

Burstcoin seems like an interesting one too being proof of storage...

@mercutio comes to mind here..

#include <std_disclaimer>

Any comments made are personal opinion and do not reflect directly on the position my current or past employers may have.

darylblake

1097 posts

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#1801483 15-Jun-2017 12:42

Theres so many of them

Sia

Burstcoin

SJCX (Storj Coin)

if only finding a cure for cancer had a 40 Billion Dollar market cap and the cards could do something productive.

fizzychicken

306 posts

Ultimate Geek

#1801533 15-Jun-2017 13:34

UHD:

Has the problem of anonymity been solved? That is the largest problem with BTC in my opinion. If I can't trade privately then I see no advantage over cash.

zCash has made some attempts to deal with taint.

https://keybase.io/fizzychicken

Smix

110 posts

Master Geek

Trusted

#1801535 15-Jun-2017 13:39

Cogenate:

I recently bought a couple of RX 570's, waiting for them to arrive. Going to be mining SIA coins and converting the coins to Ethereum to hold onto.

Ethereum looking like it will get pretty big within 3-5 years

You can dual-mine Ethereum and Sia - I'm doing this right now with my R9 390. 27MH/s on Ethereum and ~850MH/s on Sia. Give us a yell if you need a hand!

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