Yes, the rewards have been lowered before.


Here's the thing: you aren't an employee of a company, and you don't have a contract for your work or services. Nobody guaranteed that you would be getting anything at all for your mining. You took it upon yourself to speculate that you could make money by doing nothing more than plugging in some electronics.

Also, eth was originally slated to be PoS by 2017 (from what I recall, I might be misremembering) meaning that under the original roadmap, there shouldn't even be any mining rewards at all right now.

You're the one who doesn't get it. Even if you don't carry out the 51% attack, you're signaling that you have a cartel that is capable of doing it. You'd be showing the world that the second biggest cryptocurrency in the world is vulnerable to a group of greedy, short-sighted children. If you get enough morons onboard with this, it will make people not only hesitate to invest in eth, but it will also threaten BTC since if something as distributed as eth is vulnerable, it makes logical sense that bitcoin would be as well since it too is (not so) secured by PoW tardlets. Sure, there have been 51% attacks before, on other coins, but nobody really cared about those since those were small shitcoins that didn't have much security backing them anyway, but if a network as large as eth gets attacked in this manner or even is shown to be vulnerable, you will have disproven the assumption that more hashrate = more security. You and your fellow imbeciles are running the risk of setting the entire crypto market on fire.

That said, I don't think there are enough people who would act against their own self interest to achieve 51% showing up, but I could be wrong. Maybe the average miner really is as dumb as the people supporting this ridiculous plan. If so, satoshi was wrong, and a distributed ledger based on proof of work is fundamentally flawed.

  Get real. This is obviously just a thinly veiled threat.

I'm not sure what your true motive is with this, but all you're doing is harming eth and helping competitors by adding a new reason not to buy or use eth.

Mighty_crypt's reply shows you why. The people saying that fees are great and that miners are raking it in, are the ones looking at fiat values. It also perfectly illustrates why devs should not care too much about the opinions of miners since most are in it for the immediate profits and probably don't care too much about the long term value/stability/usefulness of a coin. While these fees are great in the short term from a mining perspective, if they aren't addressed quickly, it will kill momentum as the users of the platform migrate to more functional/economical competitors. I think we might be watching the process of the golden goose being killed, judging by the pushback/disinfo against EIP-1559 which is meant to address fee unpredictability.

What a clusterfuck. Nvidia should have just made it so that multiple low cost consumer level cards couldn't be addressed on a single motherboard (which isn't even needed by the consumer market anymore anyway since SLI is dead) while leaving the function operational on flagship cards and pro level cards. That would have forced anyone wanting to operate large mining operations to upgrade to their far costlier pro level equipment, thereby significantly cutting down on miners taking "gamer" cards, thus appeasing their fanbase, while also increasing their bottom line by selling more higher margin parts, which would make their shareholders happy.

Did they really need a study to figure this out?  If all it took to be rich was to be intelligent, high IQ societies like mensa or triple nine would be social groups of the richest of the rich.  Instead, you have everything from unemployed housewives to celebrities to garbagemen and everyone in between claiming membership.  If intelligence was the sole determining factor, or even much of a factor at all, people like the Kardashians would not be millionaires.  The reality is that the only thing that one needs to be wealty is luck.  Being in the right place at the right time, whether it's by being born to wealthy parents, being born with a particular set of genes, meeting the right connections,  or even just reading about something called bitcoin in 2009 means that you're significantly more likely to live a life of luxury.

I haven't read this entire thread, but I'm sure that somebody has brought up examples of geniuses who have acquired vast wealth, and used those as justifications for their belief that meritocracy is real.  Here's something for these people to ponder: would Bill Gates be a name synonymous with ultra-wealth if he'd been born 100 years earlier?  Would Michael Jordan be a name known by people in all corners of the world if he'd been born in Burkina Faso?  Would Warren Buffett be who he is if Benjamin Graham hadn't influenced his life?

"There but for the grace of God, go I" sums it all up pretty well.  God, luck, fate, whatever you want to call it, is something that is outside of anyone's control, and it dictates a heck of a lot more than most people are willing to admit.  Who we are as individuals, the actions we take or don't take, and even the thoughts and emotions that we have are the result of a countless number of factors that were outside of our control, let alone monetary wealth.

Is MTP still going to happen?  I know that there were delays but we're well into 2018 now and the roadmap in the OP still shows that it was supposed to have been implemented last year.

Agreed.  I was just nitpicking at your argument that the lack of moving parts meant that electronics won't "wear out".  Everything eventually fails, and sending sustained loads, while less stressful than fluctuating transitory loads typical of gaming or whatever, still raises the temperature, which leads to an accelerated rate of failure.  In the case of caps, AFAIK, even the "solid" ones still use an electrolyte polymer that is still subject to expansion hastened by heat.  I could be talking out of my ass though, as I'm far from an expert.

While I agree with what you're saying, I think that smart contracts might actually be an improvement in this case because banks like Wells Fargo have demonstrated that they cannot be trusted and that there needs to be a publicly viewable accounting of auto loans.

That's not exactly true.  The caps will eventually fail, and they will fail faster at higher temps.  I doubt that this ETHlargement will have any significant impact though.

I've been mining Zcoin on mine since Intel CPUs generally aren't as good for Cryptonight coins as AMD CPUs are.  I haven't looked at the profitability lately so I'm sure that it's something ridiculously low, but it's still something.

I thought it was pretty clear that I was talking about Nvidia since that's what the whole thread is about.

I can tell you right now that you're 100% wrong about that.  Nvidia might not have much competition from AMD right now but that really doesn't matter all that much because
(a) they already have their next series of chips - which they've already invested a lot of money into - being fabbed and packaged as we speak, and
(b) the number of potential new sales drops every day that there isn't a newer/better product on the market.  Those that have already bought current gen products are much less likely to buy from the same product stack than they are to open their wallets for the next gen products, and those that might be considering upgrading from previous generations but haven't already done so are more likely to bite when presented with the newest and greatest.

Keep in mind that although mining sales have greatly increased, they can't afford to alienate their core gaming and business customer bases just to milk the fickle mining crowd.

https://verge-blockchain.info/  Look at the timestamps.  I don't have a node running so I don't know if it's the hacker going at it or if there's an issue with that website.  I'm just assuming that it's the hacker since what's being shown on the site is exactly what ocminer described in the OP.

They're still stealing our jibs!!

FTFY

The explorer shows it's going on right now.

You know that it's going to hit 19k again in a couple of months?  How?

I'm not one of those people, but I think that some of them think that just because the price has thus far always recovered, rebounded and spiked higher, it's the safer bet to just hodl than to try to guess which way the market is going to go.  Anyone who's dabbled in trading has at some point guessed wrong and ended up losing out on profits or even outright losing their own money.  It's this fear that drives the hodl mentality, i.e. "it's always recovered and soared before so surely it will again.  All I have to do is ride it out until then."

Then there's the people who tell others to hodl for their own selfish reasons.  They want everyone else to hang on so that there's less sell pressure while they unload their own bags.  These are usually the people who keep parroting the whole "buy the dip" nonsense, even when anyone with an ounce of sense can see that the price is still too high.

With that said, at some point, the bottom will be reached.  If you think that we're still a ways off from that point, then of course it makes sense to sell now and rebuy later like you suggested.  Don't get mad if you guessed wrong and end up losing out.    Just remember, fortune may favour the bold but being bold is often foolish.

This is sort of off-topic, but is anyone seeing any long term viability in any of these forks?  All I'm seeing is a bunch of cash grabs by riding the coat-tails of brand recognition.  Aside from BCH, I haven't even bothered claiming any of the other forks because I'm too lazy to spend time finding real wallets/exchanges for each of them and then sweeping keys to new wallets for each. and. every. shitcoin. knockoff... 

If you're talking about the BitGrail fiasco, everything is pointing to either the exchange operator (Francesco Firano) being totally incompetent and writing terrible code or him actually being complicit in the theft.  I've seen absolutely no evidence that it was caused by any shortcomings in NANO itself though.