Ethereum Proof of Work (POW) to Proof of Stake (POS)

Talking about the upcoming Ethereum change from Proof of Work to Proof of Stake and what that means for the future of mining.

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[ahmedbenghezala]

hi lee ! do you think the will be more crypto curencies that won't switch to POS, cuz i didn't like the second

[techkenX]

so online wallet will be gaining interest as well as well as exchange wallets to ?

[mohamedcortes]

Thanks for publishing this! Looking for advice: My OKX wallet has some USDT trx, and I possess the seedphrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how should I go about moving them to Binance?

[myodpast]

Question 1 is what does it mean to holders RX 470 & 480 ?? Is there any coin in the way to replace at least partially what is being mined by those GPUs now??

[newnkusukum]

i have learn alot from u from all your videos. great job bro. from ghana with love. and marry christmas

[JustMe-fkin]

Wauw, great explanation, now i know how it work and what to do, thank you a lot!!

[the_tiny_Rambo]

Do you think that with POS and thus many people stopping mining ethereum price will drop?

[iTechVideos]

What can we do to stick with Ehtereum is PoS more CPU based?

[HiramOkada]

Thank you for posting! Hoping for some guidance: My wallet on OKX has some USDT trx, and I have the SEED: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way can I go about sending them to Binance?

[LesleyBirsner]

Appreciate it for sharing! I need guidance: My Trust Wallet has some Tether USDT, and I know the SEED: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way to handle transferring them to Bybit?

[hasanain.]

hey lets say i run ethereum wallet with parity node and after a period of time i decide to go back to geth node, i let it install sync block restore accounts can i do that

[minerx]

thanks for the video your fone's video and auido quailty is really good !

[JeramyKleinhans]

Appreciate it for publishing this! Hoping for some help: My TRX Wallet holds some USDT trx, and I possess the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how to proceed with transferring them to Binance?

[generalnazrin]

1)does the value on eth will rise after moving into pos?

2nd question, .
does it worth stake coin from purchase coin?...

3).does interest raise depend on coin staked?

4) will I lose coin from stake?

had to ask...im short of income, need alternative side income..

[jamesc]

Hey Lee, great video. What pool are you using/recommend to mine ETH these days and why? I'm trying to pick one and I find a lot of them have been shut down, like suprnova.

[venticore]

well when you talk about Ethereum network are you talking about the whole network including forks like ETC & EXP or just ETH?

[prizmik]

Is the POS happening now? because it's July already

[stplutus]

Thank you for your prompt response on the Dell workstation I will hopefully get delivery of the system today. What is the meaning of POW? I hope it is going to affect ZEC? and is it advisable to build GPU rig for ZEC? to mine ZEC in CPU what configuration will you recommend to at least mine 1ZEC/day if I want to stay CPU and can I combine GPU & CPU mining on the same computer like adding few GPU cards to the system.

Best Regards

[Keydss]

any ideas on what this will do for the price of ether? Listening to what you said I think it might rise some, cause in the future, in order to get ether, you need to HAVE ether.

[jimgreulich]

Thanks for the excellent explanation Lee. Now I finally understand the concept behind this upcoming change. I just moved my 2 rigs off of ZEC a few days ago and now have 1 on ETH and the other on XMR. The question I have is about the rewards that will be earned on wallets holding ETH as of change over to POS. Will this be limited to "official" or "online" wallets? Or, will it be applicable to any wallet you hold ETH in... such on on exchanges. Since I have yet to accumulate a lot of ETH, I have just been mining it directly to my Bittrex account and holding there. And, I do have an ETH wallet on my CoinBase account, so would that be considered similar to an exchange wallet for this matter? Thanks again... yet another great video!