Quote from: MoveCrypto on January 08, 2017, 06:19:48 PM

Quote from: breeze71 on January 08, 2017, 08:12:48 AM

Quote

https://www.reddit.com/r/ethereum/comments/53n83k/ethereum_energy_consumption_in_eth/

I suppose no one will buy Ethereum because a small group of people with big mining farms are collectively earning $100k+ profit per day for their node service?

Lisk wants to be the same crap as ETH?
Stop to compare Lisk with ETH.
I don't like the ETH but I must admit...

Vitalik Buterin created the finished product, yes ETH doesn't work perfectly, but it works. So he created a huge community. He created a great team good developers. ETH price higher ICO. On the exchanges have market makers that support the price, create trading volume and provide liquidity. Also he found a lot of big investors, many famous people in community cryptocurrency supports ETH. Created many projects on this platform.

Lisk only collects the money and do nothing.

Delegates want to be millionaires at the expense of the community for ordinary service node. Nobody buys the Lisk to become a delegate because to kiss ass developers is enough to become a delegate as it makes Bitbanksy and other delegates.

Lisk network maintenance is very expensive. 15 000 000(more than 1 500 000 usd) new forged Lisk per year for 101 nodes? Really? If Lisk price = 10 usd, more than 150 000 000 usd for 101 nodes? LOL

101 000 new forged Lisk per year it would be enough for service nodes. If lisk price grow up to 10 usd then delegates will receive a good reward (~ more than 10 000 usd for one delegate per year).

To compare Lisk with Bitshares, BTS is failed project is the same as Lisk.

Quote from: johhnyUA on January 08, 2017, 11:07:27 AM

Quote from: MoveCrypto on January 07, 2017, 11:52:31 PM

https://www.reddit.com/r/ethereum/comments/53n83k/ethereum_energy_consumption_in_eth/

I suppose no one will buy Ethereum because a small group of people with big mining farms are collectively earning $100k+ profit per day for their node service?

Lol. Ethereum miners 've bought many equipment to make their farms. Average Ethereum mining farm costs 2k $ and give to you 5500 $ per year.
But how does it works in Lisk? Developers delegate spends 80-120 $ per year and receive about 14k $. Do you think that it's fair?

Almost all of the new ETH is mined by a handful of big mining farm owners.

Amount of revenue per year currently going to this small group of people = 131 000 000 USD

Estimated cost of electricity and hardware = 79 000 000 USD

Yearly profit going to ETH miners = 52 000 000 USD

If you factor in the LSK delegates will spend on development/marketing, and the fact that LSK inflation decreases every year for 5 years, then LSK price would have to be above $10 before the delegates are making so much profit.

Ethereum: so immutable & forkable at the same time (as per owners discretion Wink

)