Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
RivAngE
on 10/01/2019, 12:45:50 UTC
ethereum price reaction to the etc attack. dev must reorganise eth asap. POS must log in at fork.
we need POS asap for eth because it will get 51% attacked otherwise

What are you talking about? Ethereum's nethash is over 20 times bigger than ETC.
ETC is a dead coin in zombie-mode with a market cap full of air, let it die completely and be done with it.

Ethereum cannot be attacked yet, but I'm sure it has a lot of ASIC miners already.
The problem will occur only if some time in the future more ASICs are manufactured, the mining difficulty increases to high levels for GPU miners and somewhen around May when even GPU miners with free power can't mine with 1060 cards because of the DAG size, a lot of GPUs leave the network.
If at that point the ASICs are controlled by a single entity, only then we may have a 51% attack problem.

But by that time Ethereum should have forked to ProgPOW... but I don't know how resistant is this ProgPOW. After all, ASICs can be created for everything. The goal is to make their effectiveness as low as possible in order to discourage their creation and/or keep a balance between ASICs and GPUs in the same network.