Ethereum Constantinople fork will be occurring at block #7080000 (~January 16th, 2019)

Hey everyone, coming home to this reddit for the first time in a while and I hopefully won't be welcomed as a shill lol. (This place can be quite brutal sometimes.) We've been in the throes of development all of this year, putting pieces together for better access, UX, etc. (We're not solving the scaling issue directly as this is left to much smarter people :p.) Anyway, we ARE doing our part to put an eventual product out there that would be useful within the overall development network, without reinventing the wheel, and we're looking for some responses on this 12 question, anonymous, generally multi-choice survey to support and finalize all of our research taking place. For taking the time, there's a spot in there to enter your email if you want any early access/info to our happenings. There's only 8 of us and we're not paying spam service providers, so it'll be relevant comms only if you do opt in. I'm from Modular and holler at me on here if you have any questions. ttyl

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Swarm City App Is Live (Episode 6 Of 8 Complete - Video Link)

Posted: 07 Dec 2018 09:41 AM PST

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Digital Currency Could Be Widely Used In VR – Brian Armstrong

Posted: 07 Dec 2018 08:07 AM PST

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Who is actually working on Plasma?

Posted: 07 Dec 2018 11:39 AM PST

I was told OmiseGo? But this might not be true?

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Free Token & Crowdsale Constructor

Posted: 07 Dec 2018 10:53 AM PST

Hello!
I made a constructor for tokens and crowdsale:

https://yvital.github.io/CrowdsaleConstructor/

ERC20 mintable Token & Crowdsale (OpenZeppelin inside)

submitted by /u/100bt
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I made a 0x Instant React.js component which you can easily plug into any React App

Posted: 07 Dec 2018 05:15 AM PST

submitted by /u/DrApplesauce54
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Ethereum by the Numbers – ConsenSys Media

Posted: 07 Dec 2018 03:15 AM PST

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A serious discussion about current situation and call for Devs to do what was written.

Posted: 07 Dec 2018 10:04 AM PST

I'm first and foremost a miner. I got my start in 2011 with mining my first BTC and started again in 2017 with Ethereum. It was ETH that got me back into mining, not any other coins.

I think we seriously need to talk about what happens should Devs reduce rewards to 2 ETH + Uncles without any other changes to Algorithm to reduce difficulty. At current prices $80~ ETH will lose even more miners that securing the network. This would price me out. Delaying Iceage and 30 sec block time for another year is not helping miners, effectively at this moment we have not reached 30 Sec block times.

As of today(12/7/18) with network difficulty of 2.4T and A power rate of .09kw/c. I'm profiting $6 a month with a 250mh/s rig and 850w electric used for the rig. Mind you this is probably the most efficient mining rig one can build. Calculating in WTT for 2 ETH reward I'm now negative $10 a month. That doesn't take into account the reduced Uncle rewards. To get back into "Profitability" Network hashrate has to drop 5T and then I'm only making $1 month.

Everyone, including the Devs really have to question themselves. Is this right? ETH isn't going back $200-400 anytime soon, definitely not happening before the Fork. They are going to kill there own network pretty spectacularly. Who fault is it? Well heck it's there own! POS has been pushed back and back. Inflation increased and now they've shot themselves in the foot and demand more of the Miners that secure they're POW network? Not only are they killing there own network they are effectively making centralized. Only Large ASIC farms or GPU Farms with dirt cheap electric costs could even think of profitable mine it. What happens if ETH goes lower? to $50? a Rebound upwards of $200 could happen later next year, but by what small home miner is going to think to mine ETH? Especially when 1400mh/s ASICs are on the horizon.

From Ethereum Whitepaper

"However, this mining algorithm is vulnerable to two forms of centralization. First, the mining ecosystem has come to be dominated by ASICs (application-specific integrated circuits)"

"his problem is arguably worse: as of the time of this writing, the top three mining pools indirectly control roughly 50% of processing power in the Bitcoin network, although this is mitigated by the fact that miners can switch to other mining pools if a pool or coalition attempts a 51% attack."

(https://github.com/ethereum/wiki/wiki/White-Paper#philosophy)

So they plan on following bitcoin? Let Massive ASIC farms/pools who can afford such low costs to run there network?

They pushed the POS/POW back another year, yet no change to commitment to ASIC Resistance? Seems some Devs are onboard with the ProgPOW. According to the Dev meeting of Nov 23 we are still waiting for a Full testnet Implementation with testnet miners for ProgPOW.

Now it's NOT the DEVs fault for the price, please don't get me wrong, but they committed to ASIC resistance and going POS. We must change of algorithm in addition to uncle reduction. This is needed in order to keep the small miners in the game and securing the ETH POW network until POS is ready. This Doesn't have to be done in tandem. Personally I think releasing ProgPOW first(Other other Algo). See how many ASICs were dominating the network, then move to the reward/uncle reduction. It could work as well if ProgPOW was released just slightly after this Hardfork, however if they drag it out to months then it's too late.

The consequences of not doing so will be felt. Miners will abandon ETH by droves. ETH will become a Centralized POW Algorithm dominated by ASICs.

ill be watching from my Crypto Nuclear fallout bunker come Jan 18th.

BitsBeTripp' has some good videos on all this.

ProgPOW

https://www.youtube.com/watch?v=N-CwGNTQ3hY

1400mh/s ETH ASIC

https://www.youtube.com/watch?v=sImTQrJQh7w

Ethereum mining(As of Sept 18)

https://www.youtube.com/watch?v=Min9eLpA8ps

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