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I disagree, proof of work is more secure.
Proof of stake just needs a handful of people who could exploit the network and relies on diversity of funds which is unverifiable, exchanges will control the network and we rely on their security (look what happened with bitfinex) to secure both the network and users funds This will create irreversible damage, and we don't fork the network as ETH does here on ETC.
> So ETC will be an "empty" token that has purely speculative/novelty value, just like bitcoin -
lol, bitcoin doesn't have "prely speculative/novelty value. You obviously need to do some more research especially read the bitcoin whitepaper on how proof of works. "differentiate itself from ETH" isn't the only supporting factor of staying with POS.
We should be looking for solutions against "difficulty bombs", or any other factors which may cripple proof of work, from working in the future. Not switching the way the network is secured to an unreliable, and potentially devastating consensus.
Simply amazing work. The updates are very helpful. I also see that as of earlier today the first version of Viper compiler is already operational also: https://codepen.io/yograterol/pen/aypYjP
I further see that the Commonwealth ICO has currently received 5555ETC. with current balance of 4905 in fund after 1st month's payment distributions made.
https://dexaran.github.io/ICO/
Current ICO runs til Sept 8, and Commonwealth is not yet halfway to the original goal of 12,000 ETC. Everyone is encouraged to read and consider the issues at the link above.
The Commonwealth Team is doing a lot of valuable work. Deserves Community Support.
According to https://www.cryptocompare.com/mining/#/equipment?f0=ETH
The best GPU is a $199 Radeon RX 480 for $199 which gives 25MH/s.
To get 3TH/s you'd need 120,000 of these, at a cost of $24m. Plus you'd need to pay for warehouses, staff, the rigs and then electricity on top (a couple of million dollars a month).
The price is the same no matter how many Ethers you own.
Thanks for making this landing page, appreciate it.
What i am missing is code examples and tutorials like on https://www.ethereum.org - on the FIRST PAGE.
People ask frequently for a starting point making dApps.
We should give them, what they want.
Reading the first page of the Ethereum website it talks about building unstoppable applications.
> Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
And they also explain a use case where you don't need to trust anyone in order to kickstart a project with a trustless crowdsale:
> Using Ethereum, you can create a contract that will hold a contributor's money until any given date or goal is reached. Depending on the outcome, the funds will either be released to the project owners or safely returned back to the contributors. All of this is possible without requiring a centralized arbitrator, clearing house or having to trust anyone.
I trusted and contributed resources to help this become reality but unfortunately EF decided to throw that out of the window. Should I still trust them? Should I not trust Bitcoin because of Satoshi?
History has proven that we need to trust based on merit.
Hi, head over to the slack and trello channels when you have a moment and take a look
ETC Slack Channel: http://ethereumclassic.herokuapp.com/ || ETC Trello: https://trello.com/invite/ethereumclassicmr/13715b99a7a1df251f8a169c719e3ad6
> I doubt that the whole concept can succeed
Then I have absolutely zero clue why you are invested in Ethereum
And the fact that you think DGD trades primarily on Bitshares shows you have absolutely zero clue what you are talking about. You are clearly very unknowledgeable about the topic. I suggest you do some more research.
You are right - the information is buried deep, but there is lot of work going on. Charles H. is addressing this problem - https://steemit.com/ethereum/@charleshosk/ethereum-classic-an-update
He is controversial figure here in /r but at least his initiative will bring clear information on the surface. His other activities may be ignored by the community, but at least he will produce good info about ETC development process.
A mobile wallet especially for iOS may be a more secure and convenient option. Check out Trust Wallet https://trustwalletapp.com. Solid/responsive team and fully featured app for both iOS and Android.
Polo's ETC/ETH chart is proof that your claim is false. ETC is not performing any better than ETH. In addition that chart is showing an ETC long term trend which is trending downwards...
Currently, most crypto exchanges are overwhelmed and verification takes forever pretty much everywhere. Bitfinex is on the faster side of things, but they still have not fixed their international fiat withdrawals yet (though it may change soon).
Regarding atomic cross-chain tx, it requires Lightning Network or its equivalent (Raiden) to be deployed on the chains you want to swap. So far, Lightning deployment on Bitcoin is hanging on Segwit activation.
From the other thread: https://www.reddit.com/r/ethereum/comments/4wbwjk/mist_developers_are_secretly_getting_a_cut_of/
>Anytime any developer implements shapeshift api, they get an very small affiliate percentage of those transactions. This is standard for operations like shapeshift. It's quite an insignificant amount. As a user, the rate you get is the same whether you go through Mist or the Shapeshift.io. 0.1%. So Mist gets <$100 USD each time $100,000 USD (~173 BTC) worth of BTC -> ETH is made via the Mist wallet. If you have a service where you wanted to implement ShapeShift's API, you can get more details here: https://shapeshift.io/affiliate.html
-
> Welcome to our community, you were probably not around when we first announced this feature. Shape shift gives a revenue share to partners. All our revenue from shape shift goes directly to the Ethereum Donation address, a DAO set up for this purpose. You can see everything about it by following the steps at ethereum.org/donate - avsa
Yes, full nodes wallets or HW wallets are more secure but there are some solutions out there that make it easy on the user and are trying to strike a balance. Another wallet to check out is https://coinomi.com/
sudo add-apt-repository ppa:ethereum-classic/etc-geth
sudo apt-get update
apt-get install -y ethereum-classic-unstable
Pulls from https://launchpad.net/~ethereum-classic/+archive/ubuntu/etc-geth
I wrote a post about my own view on the whole bubble thing. My point is very simple, if each one of us do not make their part, we can ruin the party. If we get enough bad examples out on the street we'll sure piss off a bunch of regulators and traditional investors, and that will likely limit the whole of crypto and blockchain economy's growth.
Hey, guys!
It just a friendly suggestion, while MEW is highjacked, you may check out highly secure Guarda wallets.
Guarda.co has obtained an Extended SSL Certificate. https://i.imgur.com/99SEJlh.jpg, which is the highest form of SSL Certificate on the market that proves compliance with security requirements.
We recommend that you check the address every time you visit Guarda.co, beware of phishing sites!
Store and manage your ETH staying in the full control of your private keys and funds!
Just checked, TrustWallet supports ETC and adding custom tokens. I tried using it and it worked perfectly also. So if you prefer mobile wallets, definitely one to check out!
:D
You can check your ETC profitability with the following calculator:
https://www.cryptocompare.com/mining/calculator/etc
You should make about $28.49 per month from 20MH/s at $0.12 kWh (power cost). Excluding power cost (if you don't pay for power with rent) you should make about $40.59 per month.
Its a great way to pay for your next GPU upgrade, or even recover some of the cost from what you paid for it. I let it run whenever I'm not gaming (when I'm at work or sleeping).
Don't worry about temps, all the new GPUs have built in thermal shutdown so it will turn itself off if something happens. Just make sure you have a decent quality power supply with at least an 80PLUS rating. 650W should do two cards, 850W for 3, 1000W for 4.
You can use these PCIe riser cables to make OpenAir rigs. Then you can run a PCIe cable from the PCIe 1x slots as well. GPU mining doesn't need 16x slots since the mining doesn't need any bandwidth between the CPU and it. https://www.amazon.com/6-Pack-PCI-E-Powered-Adapter-Extension/dp/B01GU94QSQ/ref=lp_13392504011_1_2?srs=13392504011&ie=UTF8&qid=1471491846&sr=8-2
Just don't use the SATA to Molex cable adapters. They catch fire. Use the Molex plugs from your PSU directly.
Happy Mining.
Use this API.
They allow you to pull data once every 10 seconds. So start at the time value that matters to you (dawn of ETH time if you like) and poll every 10 seconds for data, store it in an SQL database and once you fully sync, you can draw real time data hourly as necessary.
Still not too difficult. Maybe an hour of work tops.
Unless you 51% attack, you cannot "hack" or "steal" from Ethereum. That said, yes, if the createTokenProxy() procedure works.
I've followed The DAO from the beginning, and there are all sorts of weird things in that contract which actually seem to have been features. I would not be surprised if they included a "master-control" for the main DAO to be able to take over child DAOs, in case of some bug in their code.
I think it (ETC) will overtake since there isn't space for two and it has authenticity on its side. I've expanded on my reasoning here: https://steemit.com/ethereum/@toknormal/the-ethereum-circle-dance-more-conscious-than-it-looks
Ledger Nano S ships today and has support for bitcoin, ether and ether classic. No problem with replay attacks as the receiving addresses are different for ETH and ETC. Ledger maintains a US warehouse so if you order from Amazon you can get it pretty quick.
It is currently an open beta, I am looking for testers and an honest feedback to improve it.
You can add READ ONLY exchanges keys, wallet addresses (ETC supported!), manually add holdings (or watch-only entries), read news, view your portfolio (using different charts) and your profit/loss, check candlestick charts (from 1y to 30min) and much more coming soon...
Anyway, if you are interested in trying this app here's the play store link: https://play.google.com/store/apps/details?id=bitsnapp.com.bitsnapp
Remember that it's a beta version, please report any bug you find so I can fix it, also, let me know if you like it or if you have suggestions, I am looking forward to receive your feedback!
App subreddit: /r/Bitsnapp
This is all I've found so far about crypto prices on Robinhood: https://robinhood.com/us/en/support/articles/why-is-the-price-displayed-on-the-crypto-detail-pages-different-from-the-final-buy-and-sell-price-on-the-order-page/
Careful, I wrote "EtcDev" in that sentence. As far as I know, the Ethereum folks have no intention to "defuse" the bomb, but rather leverage it to strongly incentivize a fork of Ethereum Main into Casper once ready.
On the other hand, the Etc Dev folks have probably no strong interest in switching to Casper, and are tracking their bomb disposal work on Trello.
That leaves us in an interesting situation where two dev teams are going to write a distinct fork for two currently compatible chains, which means that each of those two forks will be applicable on either of the chains.
You're right that they could be an infinite number of "bomb disposal" chains, just like there could be an infinite number of proof-of-stake chains. That won't matter much in the end. The only options that matters are the ones that are built and actively promoted as viable.
Once that's done, the usual popularity contest can proceed.
Good afternoon! The community of ETC holders asks to intervene in the problem with the exchange Poloniex.com. The exchange has restricted deposits and withdrawals, and this has already been going on for 5 months! Many people have frozen transactions! Please provide technical assistance to the exchange or find out what happened! Sincerely, Dmitry
Hi u/multiswap, please stop taking advantage of what is essentially free ad space for your MultiSwap exchange. Please read rule #3 of this r/ethereumclassic subreddit. This is the second or third time I have personally seen you post the exact same promotional content aimed at the ETC audience.
In any case, I checked out your exchange, which required me to sign up a new account with your platform to exchange. Multiswap is a traditional P2P exchange with a mandatory requirement to sign up and create an account before one can use its services (also has KYC/AML like Shapeshift's P2P exchange does).
Please stop spamming the sub with your exchange's promotional content.
You're just saying "it's harder" because of "coordination" but you're not explaining why and, in reality, it's not. I don't know what you think coordination means or requires, but that's not how POW works.
Maybe it's hard to believe, but, yes you can rent the hash, right now. ETC has such a small amount of hashrate that it can be rented easily. The total network hashrate is only 7.64 TH. So let's say you wanted 51%, you need 3.8 or so TH. That's immediately available on nicehash, right now, to rent, right now: https://www.nicehash.com/marketplace/daggerhashimoto You rent it, you point it at your pool, and you win. In fact, you can rent more than the entire hasrate of the ETC network. No one is mining ETC compared to ETH, that's why this is a viable attack.
This is POW, it doesn't require lots of "coordination" or extra steps. You have the hash, you make the blocks, and you win. That's the whole point -- you don't need permission or extra steps. Sorry if this is scary.
Thanks for clarification, u/Kraken-Christian!
Yet it says on your website literally:
>Only Ethereum can be deposited to this address. ERC-20 tokens should NOT be deposited to the addresses on this page.
Knowing what you have said it's easy to match it. Anyway this can be confusing and even contradictory for a newbie (like me) since it generally states that ERC-20 tokens shoudl not be sent here. Maybe you could add that ERC-20 tokens carrying ETH can of course be sent there, just no other types of coins. (You will certainly know better than me how to phrase it.)
But anyways: Thanks again!
Hello! Thank you for your interest in our service and social activity 🙂 We’re pleased about that.
You’re right that we spread info about our service. We need feedback from the crypto community to understand what we’re doing right and what we’re doing wrong¯\_(ツ)_/¯. Of course, there are plenty of options to spread the word about our project, but the feedback from the people on Reddit is important to us. Because here, people are not afraid to express their point of view or criticize, this, in turn, will move us in the right way.
SwapSpace team will be glad if you can take a look at our project and share your thoughts about that. You can write a review on Trustpilot or drop an email to
I would recommend MyEtherWallet. If you are holding a large amount it is more secure to download MEW to your computer instead of using the website. This will prevent compromise from phishing or an attack on their web server, and also allows offline transactions. https://github.com/kvhnuke/etherwallet/releases/tag/v3.9.9.7
It is simple to use, you don't have to install anything. You just download the .zip, move to wherever you want (such as an offline computer), and extract the files. Then you just click index.html to open locally on your computer.
I would not store large amounts on Jaxx, small amounts for "hot wallet" is okay IMO, but I believe Jaxx is intended more for convenience rather than high security: https://steemit.com/hack/@jga/security-issues-with-jaxx-warning
And ClassicEtherWallet is just the same as MyEtherWallet but with less working features, so I wouldn't use it.
I'm not sure about any other wallets since I haven't used any others recently but MyEtherWallet should have everything you need.
A "universal sorting mechanism". Is there any new ideas in it? Seems like sorting a list by letting each object in the list invoke "sortMe()" would not have made sense before Ethereum. I developed it for Pseudonym Pairs,
https://www.docdroid.net/STCOiS7/pseudonym-pairs-a-foundation-for-proof-of-personhood-in-the-web-30.pdf
> Despite repeated assurances from representatives of the Ethereum foundation that the community had little to no interest in Ether on the unforked chain (ETC), demand for a market grew rapidly, as did over-the-counter trading between private sellers and buyers.
https://poloniex.com/press-releases/2016.07.26-responses-to-common-etc-questions/
Hey, guys!
It just a friendly suggestion, while MEW is highjacked, you may check out highly secure Guarda wallets.
Guarda.co has obtained an Extended SSL Certificate. https://i.imgur.com/99SEJlh.jpg, which is the highest form of SSL Certificate on the market that proves compliance with security requirements.
We recommend that you check the address every time you visit Guarda.co, beware of phishing sites!
Store and manage your ETH staying in the full control of your private keys and funds!
For all people, who don't know (https://www.etoro.com/about):
For more than a decade, eToro has been a leader in the global Fintech revolution. It is the world’s leading social trading network, with more than 6 million registered users and an array of innovative trading and investing instruments.
jeroenmeester, looks like your ETC were successfully returned to you with the help of our support team. Glad we could help! Should you need anything, please don't hesitate to contact us.
Yes you are able to farm with Nvidia GPU. Wich one do you have. AMD is most of the time better then Nvidia. You can check if your Nvidia is vailed for this Mining client https://bitcointalk.org/index.php?topic=1433925.0
If you want to mine with Nvidia you need to search for Ethereum cudo miner.
See https://www.cryptocompare.com/mining/guides/how-to-mine-ethereum/
The answer to that is constantly changing based on market conditions and price of electricity/cooling costs. Check some mining calculators for up to date info, but in short you should be getting close to 18-20 Mh/s per 280x. Its slowly going down for all cards as the DAG epochs get bigger.
https://www.cryptocompare.com/mining/calculator/etc
However, No mining calculator can tell you the costs of cooling, as it depends on your location geographically and outside temps and the season you're in. Its also non-trivial, and can double your costs easily. It also goes up non-linearly based upon your space. I know from experience A closed cramped space will heat saturate faster, and require more cooling if you have a high hash density.
For just a few cards (like 20-30) doing around 500 mH you should be fine with a basement and a good central cooling unit. Anything more and you start needing industrial cooling and a big space. If you build a rig using the VaporX, your cooling costs will be much better as well.
Good luck and I hope you decide to join in the mining fun.
Global crypto currency market capitalization is increasing. Confidence is growing and smart money hedging. That being said, we are arguably getting very close to a altcoin bubble.
Currently there is a lot of automated trading happening on kraken - just take a look at the order book at https://www.kraken.com/charts for ETC/USD and ETH/USD and you can see bots trying to trade up ETH and trade down ETC.
It is easy to spot them as they all trade arbitrary small qunatities but for the same fixed dollar value, all in a row.
I beleive that this 'pump and dump' strategy will eventually run out and it just puts a lot of low cost ETC on the market but will eventually push ETH over the edge and into a total crash
But right here he says that he personally started all of ETC https://steemit.com/etc/@cseberino/an-interview-with-the-anonymous-individual-that-started-ethereum-classic
He was the one also who had the backroom dealings with exchanges like Polo to list ETC, he had insider info on that and as you said, controls pretty much all the social media accounts.
My point being that you're seriously underestimating his influence in the project's developments
Sure. But one could argue that the ones with premined ETH probably sold off most of their ETC at some point, so the premine and the wealth distribution could be smaller in ETC.
But the difference is that in DASH 47.5% of the block rewards goes to the people that are running the masternodes. Running a masternode costs around 1000 DASH which is 22 BTC, and you can relinquish it anytime you want. Masternodes are also where the mixing takes place to keep the coins privacy, which might not be that great after all.
So basically you have the same people that premined it running masternodes making them control even bigger slices of the coin. The only thing you need is to get more people to invest in your coin. So since you get an economic incentive , that might explain why DASH seems to be a company that market itself and sponsor various things in the cryptospace because company that advertise it coin than a volunteer project.
That's sounds to me like a pretty nice pyramid scheme to me. Now, what if we just transfer that to ETC, but we remove the mixing part and only take 20% and tell everyone it's a treasury for developers?
> By way of background, IOHK developed Ouroboros, a provably secure proof-of-stake consensus mechanism, but it is not intended for Ethereum Classic. > > Charles mentioned previously that his company is "preparing a PoW/PoS algorithm called twinchains," which will be presented to the ETC community as a potential successor to proof-of-work consensus.
Interesting. I'm still leaning toward Casper but it would be great if these crackers or ETC devs would debate and analyze these things publicly with the ETH devs.
They could do it on Steem and get paid. Charles has many payouts in the thousands. I'm working on the "[WebOfCredit](/r/webofcredit)" where we could create cryptocurrencies where we have more fine-grained control of the payouts for research, software/hardware development, etc. I think we get the most from reading experts analyzing each others work especially when they disagree but are still willing to collaborate peacefully.
So how exactly can you explain IOHK? Most of the people who helped me start it have been working with me since the bitcoin education project back in 2013. It's common in a space like this to have disagreements and philosophical differences. They are amplified given the nature of cryptocurrencies and the pace at which things move.
With respect to Dan Larimer, I still talk with his father Stan. He even wrote a recent article: https://steemit.com/bitshares/@stan/engineering-trust-with-charles-hoskinson. With respect to Ethereum, several other founders and early insiders were eventually pushed out including Gavin Wood. My fight with Vitalik in the thread is for a historical footnote. They spent almost 18 million dollars in a single year with half being lost to market volatility. This is an objective fact that can be verified from their own disclosures.
Honestly these issues are always more complicated than people want to admit and have many different sides. Thanks for your concerns. Again, I am not seeking a leadership position. But hey believe whatever you want. I really don't have time for a reddit fight.
BTW this is just half of our team (http://imageshack.com/a/img923/1379/HbnoWB.jpg). We are larger and better funded than the Ethereum Foundation. As I said before, I have my own company to worry about. I don't need to attach myself to a project to feel big or gain power.
>https://www.amazon.com/Asus-3072MB-D-DVI-HD7950-DC2-3GD5-Graphics/dp/B007264E2AASUS7950
this one? I don't think it can work. I can help you find a new one, check ebay I just looked and they have big sale on amd 570s and amd 580s. If you message the seller and ask for a deal sometimes they will give. Try, im here for you if you need, just message me in the future. Good luck my friend, thank you for the good attitude.
with cpu you can mine monero right now, maybe save for gpu than do more mining. It's how you start, small one coin at a time. Good luck again!
Well I guess I’m meaning that the typical ETC invested person doesn’t have a ton of experience in the crypto world yet, so getting in on something like Celo (backed by T-Mobile recently) may allow us to purchase a greater quantity at a smaller level and feel that “crypto excitement” vs buying fractional
PCIE 6 pin cable, with a splitter you take one end and plug it into the riser, and one end and plug it into the card, do not spit a given cable more than once
Step one take that sata to 6 pin cable and throw it out the window, step 2 rejoice in knowing you’ve done the right thing, step 3 profit
Now you can store ETC not only in our single-currency wallet but in the brand new Multiwallet app! Check it out and leave your feedback for us to improve:
https://play.google.com/store/apps/details?id=com.crypto.multiwallet&hl=ru&ah=lGdAjI0WLmNFP29e2FB3-G6hW6I
We hope you enjoy!
Hey, everyone!
It's just a friendly suggestion, check out our highly secure Guarda Ethereum Classic Wallet for <strong>Android</strong> or for <strong>iOS!</strong>.
With Guarda ETC wallet app, you stay in the full control of your private keys and funds!
Guarda delivers you highly secure and handy solution to manage your ETC funds and tokens, view the transactions history and check the current balance. Even more, it provides a built-in exchange service and ETC purchase with a bank card.
Feedback is highly appreciated!
Is this Callisto Guarda wallet a scam?
I question this because there is no mention of Callisto on Guarda's official website:
Hey, guys! It's just a friendly suggestion, check out our highly secure Guarda Ethereum Classic mobile wallet for android!
With Guarda ETC app, you stay in the full control of your private keys and funds! Even more, it provides an easy-to-use interface, built-in exchange service and coins purchase option with a bank card.
Feedback is highly appreciated!
Try to perhaps read up on some of the core investing and economic theories and then adapt that to your own crypto investing. Stay away from titles like "Making you a millionaire investing in crypto-currencies in 3 months".
Instead try books written by Benjamin Graham like "Security Analysis" (1934) and "The Intelligent Investor" (1949). I would advise also to read up on some core economic theories like supply/demand etc.
Daniel Kahneman, Economics Nobel prize winner of 2002, wrote a book called "Thinking, Fast and Slow" and also a article named "Prospect Theory: An Analysis of Decision Under Risk" that i strongly recommend for the psychological part of your investing/trading journey.
Good luck with everything.