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    Home Unlabelled Ethereum Chris Dixon on Ethereum: "To me, Ethereum is the most important technology of the decade, for sure. I don’t even think it’s going to be questionable."

    Ethereum Chris Dixon on Ethereum: "To me, Ethereum is the most important technology of the decade, for sure. I don’t even think it’s going to be questionable."

    February 01, 2019

    Ethereum Chris Dixon on Ethereum: "To me, Ethereum is the most important technology of the decade, for sure. I don’t even think it’s going to be questionable."

    Chris Dixon on Ethereum: "To me, Ethereum is the most important technology of the decade, for sure. I don’t even think it’s going to be questionable."

    Posted: 01 Feb 2019 12:08 PM PST

    ConsenSys recommends games: World of Ether, Etheremon, Gods Unchained, Decentraland

    Posted: 01 Feb 2019 10:06 AM PST

    Thanks to Greg Colvin for being the voice of reason on this core devs call and insisting upon a *reasonable* timeframe to reach a decision of the adoption(or not) of ProgPOW

    Posted: 01 Feb 2019 07:33 AM PST

    Big shout to u/gcolvin for championing the notion of reaching a quick decision on the issue after the devs commited to an audit for ProgPOW and possibly bit signalling to gather further data points.

    submitted by /u/ZergShotgunAndYou
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    Parity Ethereum 2.2.8-stable/2.3.1-beta: Constantinople + "St. Petersfork"

    Posted: 01 Feb 2019 04:17 AM PST

    ETH2.0 development update #21 - Prysmatic Labs

    Posted: 01 Feb 2019 09:09 AM PST

    What’s New in Eth2 -- The "January Release [TM]" Edition [1 February 2019]

    Posted: 01 Feb 2019 04:53 PM PST

    To Vitalik and other ETH Devs, GPU Miners need you and you need GPU Miners (PoW/ProgPoW)

    Posted: 01 Feb 2019 10:57 AM PST

    This is directed towards u/nickjohnson, u/vbuterin, u/5chdn and other ETH Devs.

    ​

    Let me start this by saying, I mined my first BTC before it was even $100 or well known. BTC Mined. That was my first foray into the PoW mining scene. I had a lot a fun doing so. I enjoy building computers, testing equipment, fixing problems. It's literally my everyday job as an IT Hardware Analyst for a company.

    ​

    I had to put down my mining on GPU dreams due to ASICs overtaking the networks of both BTC and LTC. I gave up on crypto as a hobby. Why bother? I don't want an ASIC in my house. There's no fun in tuning an ASIC, cannot change out components, upgrade it, etc. Then in 2017 I heard a whisper of GPU mineable coin that was ASIC resistant. It was called Ethereum. It was posed to be the next "Apple" with great innovations. At first I was beset by previous failures of GPU mineable coins getting overtaken by ASICs. Eventually with some discussion to my friend we built our first GPU mining rig in June of 2017. I got into Ethereum by mining it.

    ​

    Now ASICs run rampant through most of the top 100 Cryptocurrencies. The current outlook, regardless of the bear-market pricing, looks bleak. I want to appeal to Vitalik, Nick, and the other Ethereum developers. It was GPU miners you had in mind when you created the Ethereum network and not ASICs. Vitalik made the best effort of a ASIC-Resistant algorithm. It latest for years but it's a cat and mouse game. Continued development of ASIC-Resistant algorithms needs to continue, not fall by the wayside. u/AndLan u/ohgodagirl, Mr If, and others have poured non-paid work into ProgPoW and getting it working on the Ethereum network because they want to see Ethereum succeed.

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    ASICs are now on the network, ProgPoW is a solution, and we need YOU DEVELOPERS, To stand with US, THE MINERS! Together lets push Ethereum forward to #1!

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    The Developers and GPU Miners need a symbiotic relationship. GPU Miners are NOT against you! You should not be against us! We need to stand together to make Ethereum strong and succeed, not become Bitcoin, which as even in Ethereum's whitepaper you understood it became fairly centralized.

    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), computer chips designed for, and therefore thousands of times more efficient at, the specific task of Bitcoin mining. This means that Bitcoin mining is no longer a highly decentralized and egalitarian pursuit, requiring millions of dollars of capital to effectively participate in.

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    In regards to Centralization Mr If, made an excellent argument last Dev meeting, for ProgPoW which I shall reiterate/paraphrase here for everyone on Reddit.

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    PoW is geared towards industries of scale. This is why ASICs typically become the dominate force, because the ASIC manufactures have the capital, investment, and industry to produce them at a low cost. Thus they reap the PoW rewards. Hence why all PoW tends to go towards ASIC. They can decide to sell ASIC and recoup cost plus profit or keep mining with that equipment. Making ASICs egalitarian. ASIC manufactures decide, not the miner communities, what they do with the ASICs. You pay to play and you must be first.

    ProgPoW takes the same approach but changes who the industry is, instead of Bitmain/Innosilicon it is AMD/Nvidia. These two companies are industrial level manufactures and have the ability to produce on a scale to support PoW(Just look at all the overstock of Nvidia 1000 GPUs). In this sense we are trading one(ASICs) for another (ASIC-GPUs). We as PoW miners must use Nvidia/AMD GPUs to support the network. Because it is the commodity hardware mass available to everyone. ASICs ARE NOT commodity hardware and ARE NOT mass available to everyone. Changing from Eth-hash to ProgPoW changes the players in the game and chooses the lesser two evils (AMD/Nvidia).

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    ProgPoW is not stricitly an Algorithm to replace Eth-hash but a has various "buttons" and "knobs" to tune. hence why its called Programmable! Ill let an Eth-miner Dev explain it...

    -Andrea LanFranchi (EthMiner Dev)

    ProgPoW is not strictly an Algo, it is a finite set of basic operations. ProgPoW is to be considered more of a process which creates variants of the algo every specified interval. Due to this there is no concept of ProgPoW as an immutable algo like Eth-hash. It tune-able and can dial various "knobs" that allow the creation of large number "definition sets" which again due to the deterministic randomness create an infinite number of algo changes.

    ProgPoW creates a new search kernel every 50 blocks. Every 50 . blocks the gpu receives a completely new and different kernel from the previous which causes hashrate to change. In ProgPoW there is no fixed and constant hashrate for GPUs. You have to take into account averages across multiple periods to get the best out of the hardware. Variances are from 8-9%.

    ​

    I personally supported the Network at $400, $180, $1400 and still support it now $100. I supported throughout the uncertainty of the Iceage and delays. Ethereum is still a PoW coin! ONE OF THE BEST! It's what made ethereum great! The project has excellent idea's of smart contracts and Dapps. On top of all is a massive GPU networking supporting it. Throughout 2017 there were no ASICs(That we know of) yet the ethereum network grew. What helped make Ethereum blossom was the miners and the mining community.

    ​

    I am personally invested into Ethereum want to see it succeed, I'm personally invested in PoW GPU mining, and want to see it succeed. I will invest my own time and money, being a GPU miner, into seeing that ProgPoW testnet gets fully scrutinized, put through it's paces to ensure that it is a fit for Ethereum and minimize problems. I plead, beg, and invite all other GPU miners to do so. If we want change we as miners must show through hashpower on the testnet, that we are pushing forward with ProgPoW. Throw a single GPU, a Rig, whatever you can spare or muster for ProgPoW testnet.

    ​

    I can and am more than willing to help anyone setup the necessary files, miners, etc needed to get mining on the test network.

    Right now you can download the ProgPoW Miner(Updates are constant) And Ethermine is in full support.

    Ethminer -P stratum://(ProgPoW Test Address)[.Worker@ProgPow.ethermine.org](mailto:.Worker@ProgPow.ethermine.org):4444 -A progpow

    ​

    Let's make a Decision together on ProgPoW. Miners are in majority support of ProgPoW and 100% support of kicking ASICs of the network(Look at Ethermine's twitter poll). GPU miners supported you, helped build your network, not investors, not ICOs. At the very heart of Ethereum beats the GPU. Operating that GPU is a typically an enthusiast, hobby miner, and a believer in Crypto.

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    *Edit:*PoW is the known best way to distribute token "fairly", yet everyone hates it and wants PoS? What happens when large ASIC manufacture and centralized parties mining with ASICs earn more tokens than anyone else? Wouldn't that lead to centralization in PoS? Ethereum is on PoW BECAUSE it needs it! And because Ethereum needs PoW, it needs GPU miners, and to stay decentralized to PoS and in PoS it needs to keep GPUs miners on board.

    ​

    Vitalik, Nick, and others, a time-line needs to be set, ProgPoW needs to be in the Agenda continually, discussed throughly, until it's launched on the main network. I will personally come chat, debate ideas, with any of you! Civil discussions are important!

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    submitted by /u/Xazax310
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    Görli Testnet Launched!

    Posted: 01 Feb 2019 04:32 AM PST

    Founding a Company with the Stable Coin DAI -- Status.Im

    Posted: 01 Feb 2019 03:41 PM PST

    OpenWeb Network Decentralized Websites, Powered by Ethereum

    Posted: 01 Feb 2019 01:10 PM PST

    OpenWeb Network is a blockchain powered, decentralised, open source network that allows anyone to host websites to make internet open for everyone.

    ​

    About

    OpenWeb Network combines blockchain technology and distributed hosting to create a peer to peer version of the internet which is free from intermediaries. OpenWeb Network will not only revolutionise the hosting industry but create an inclusive internet where everyone participate and contribute to the network.

    submitted by /u/VharlotteoLogan
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    Gitcoin announces $25k in CLR Matching for ETH 2.0 Projects

    Posted: 01 Feb 2019 08:19 AM PST

    Counterfactual Dev Update #2 – Playground release imminent + early work on MetaMask integration

    Posted: 01 Feb 2019 05:55 AM PST

    Announcement: Kraken, Bittrex and Bitfinex have successfully migrated to the new MLN token (0xec67005c4E498Ec7f55E092bd1d35cbC47C91892). DO NOT deposit the old MLN token to these exchanges anymore. Instructions on how to migrate the token here.

    Posted: 01 Feb 2019 03:16 PM PST

    Decrypt media article: Comedy crypto: How Holland’s most popular comedian is beating ticket scalpers

    Posted: 01 Feb 2019 05:15 AM PST

    imToken & Kyber - Win Mysterious Chinese HongBaos & trade them on Kyber Swap for tokens

    Posted: 01 Feb 2019 07:17 PM PST

    imToken 2.2.1 - Update brings Biometric Verification (Face ID & Fingerprint)

    Posted: 01 Feb 2019 07:15 PM PST

    ETHDenver 2019 Maker Space Workshops – Truebit

    Posted: 01 Feb 2019 10:40 AM PST

    [LIVE] Ethereum Core Devs Meeting #54 [2019-02-01]

    Posted: 31 Jan 2019 09:01 PM PST

    Network Security & Whether to ProgPow

    Posted: 01 Feb 2019 05:23 PM PST

    While listening to the Core Devs Meeting #54 this morning, I realized that the factual trade-offs around ProgPow need to be better defined so that we can truly hear the community's take on this issue. It is a lot to put on the core team, and everyone seems to want more participation in this debate. An audit of ProgPow is necessary, but it will not lead to a decision on whether to implement it or not. In talking about the trade-offs of ProgPow until the end of such audit, let's just assume it works as expected.

    I'll start by saying that it has been extremely difficult and frustrating for me to understand the tradeoffs of ProgPow, despite being actively involved in the community. I can only imagine how difficult it might be for the average ETH stakeholder to have an opinion on whether ProgPow is a good idea or not.

    The conspiracy theories that have surfaced around ProgPow have certainly not contributed to the debate, and I'd like to take this opportunity to focus on facts, not speculation.

    Let me start by disclosing my bias: I am an ETH stakeholder and run a small, hobbyist, GPU miner operation. I've been a backend developer for the past 8 yrs and have some experience in hardware.

    If you just tuned in, a good place to start is the question what is ProgPow?

    ELI15: ProgPow is a module based on CUDA to better parallelize specific functions of Ethash on Nvidia architectures and increase computational efficiency. My back-of-the-envelope math shows that, under ProgPow, GPUs mining ProgPow-Ethash would be 1.5x more efficient than Plain-Ethash. Also, ProgPow allows the algorithm's parameters to be programmatically changed to prevent an integrated circuit (in an ASIC) to have an edge on efficiency over commodity GPUs in the long-run.

    ELI5: ProgPow makes GPUs more efficient and allows Ethash to change in a way that curbs the advantage ASICs have over GPUs in the long-run.

    The issue(?) of decreased hashing power

    EF Security Lead Martin Swende said in the call today that he expects ProgPow to cut difficulty in half, which would in turn lead to lower hashing power being allocated to the network. Since Plain-Ethash would have different parameters than ProgPow-Ethash, their hashrates are not comparable in terms of security. Think of Plain-Ethash and ProgPow-Ethash as different algorithms. Still, all else equal, a 50% decrease in difficulty "doesn't sound too good" as u/Souptacular put it in the call today. That is because, even though hashrates are not comparable, the aggregate amount of electricity required to potentially attack the network is decreased, meaning, the cost of an attack might be lower post-ProgPow. However, I also recognize that there are social factors that also need to be considered in the decision of implementing ProgPow.

    Based on my conversations, hobbyist miners have a love/hate relationship with Ethereum.

    Ethash's hardness to ASIC has brought to Ethereum a lot of individual miners and small operations who, through mining pools, contribute to a large amount of the current hashrate. Competition with larger operations is lower on Ethereum than say, Zcash, given the much decreased efficiency gains when using ASICs on Ethash. This is the "love" in the sentence above. The "hate" is the realization that the network will eventually adopt PoS and that, until then, block rewards will continue to decrease. This is painful, especially at current price levels. This coalition of smaller operations believes that the adoption of ProgPow would level the playing field even further and make mining Ethash more fair. Not adopting ProgPow may lead this coalition of retail miners to leave Ethereum. This is may be the main reason why large mining pools like Ethermine are pro-ProgPow. The worst-outcome-possible would be for these miners to fork their coalition out of the protocol.

    The issue of ASIC centralization

    Another argument pro-ProgPow that keeps popping up is that ASICs contribute to centralization, which has been an ongoing problem for Bitcoin and many other protocols that employ algorithms that are not as hard as Ethash. u/vbuterin has said in the past that he does not believe mining centralization concerns are as relevant to Ethash as other algos. And after surveying the Ethash ASIC market, I tend agree with him. It all seems to comes down to efficiency and the degree of centralization in the ASIC manufacturing industry. Ethash ASICs are only 2x more efficient than state-of-the-art GPUs; a much lower efficiency coefficient than SHA-256 ASICs, which are 1000x more efficient. There are now eleven different models of Ethash ASICs in the market, and three fiercely competitive manufacturers producing them (BITMAIN, Innosillicon and PandaMiner). Had BITMAIN been the only entity in the Ethash ASIC market, I would be more concerned about centralization, but that does not seem to be the case. Ultimately, we should remember that ProgPow does not eliminate existing ASICs from the market - it only makes existing GPUs more efficient on a relative basis. Also, the activation of ProgPow would not prevent these manufacturers from developing a ProgPow-compatible ASIC.

    The most important factor to consider right now is network security.

    Even more so because the PoW chain will be an integral component of the first stages of the new Serenity roadmap. PoS validators stake their funds on the PoW chain and, as such, the entire system relies on a sufficiently large number of miners to not abandon Ethereum. From my understanding, due to the use of Nvidia's CUDA, GPU miners running RX580s and RX Vegas (which are based on AMD) would not be able to mine ProgPow (please fact-check if I'm wrong). We don't know the proportion of miners running AMD versus Nvidia versus ASICs.

    Core developers are focusing on whether ProgPow does what it is supposed to do, hence the focus on an audit, but that might not be the right question. The way I see it, the right question should be (assuming ProgPow works): in what scenario will network security be optimized in terms of cumulative electricity expenditure allocated to Ethash?

    u/5chdn

    submitted by /u/jamesmrk3l
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    DAO & The future of content

    Posted: 01 Feb 2019 02:14 AM PST

    The MLN token migration starts today at 3:00 PM CET today. If you hold MLN tokens in self-custody, please follow these steps to migrate them to the new contract!

    Posted: 01 Feb 2019 03:18 AM PST
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