/biz/ - Business & Finance

>>27788306
Tried to use the network yesterday, wanted to send $100, the fee? $111.

Glad I switched dai soon as it hit $1650. Now to wait out the drop

>>27788306
OY VEY NOT THE HECKIN GASARINOS!!!

>>27788421
Plus I’m making about $10-12/day selling hash with my 3080.

>>27788306
POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU POOR FAGS STFU

>>27788763
This has nothing to do about being poor. ETH
is shit that can't scale and is a failed project.

>>27789831
Lol then why are the bags i bought for 2kish last year now worth 18k, cuckboy?

>>27789831
based
>>27788763
>>27790065
You'll soon get rekt by avax and dot and money skelly will commit sudoku with his failed shit project

>>27788531
This is the way. Making about $400 a month mining eth. Probably net $200-250 after paying the power bill for my whole house's electric consumption. Sad thing is I still eat through that in transaction fees but at least it doesn't feel quite as bad.

>>27790651
if avax and dot ever got as big as eth, they'd have huge fees too dingus

>>27788306
Rubic will save us.

>>27790651
I think the question is going to be whether ETH 2 can launch before avax, dot, ada, and others get to widespread adoption.

Right now my money is still on ETH because we've seen this story play out already with BTC. Everyone said fees were too high and that it was a failure, but now look at how well it's done. there's not really any legitimate competition left. I think that ETH likely follows this same path. It has issues, but network effects carry it across the line.

I would only be worried about dot right now because they are doing a good job of building incentives on their network. At the same time though acquisitions through incentives aren't as sticky as true adoption. Plus DOT is preaching interoperability so it's not purely competitive. We will just have to see how it all shakes out but I would still bet on eth if I had a gun to my head.

>>27791538
>I think the question is going to be whether ETH 2 can launch before avax, dot, ada, and others get to widespread adoption.

The answer is no and also 2.0 is clunky as fuck. DOT is the ETH for the next bull cycle. Make sure to grab a bag after everything crashes.

>>27788306
>R FAGS STFU POOR F

Why are you laughing at innocent investors who will lose money?

>>27788306
shit like this is why normalfags won't get into crypto
right now it's the same small number of autists trading against each other and waiting to dump on each others heads

>>27790827
nice, i dont pay for power at my unit so im making a killing mining.

>>27788306
Extremely bullish for ADA. Is there any other project that could be "ETH 3.0"?

>>27792337
I want to buy in ughhhhh

FUCK eth FUCK gas

>>27791538
Eth has a different use case than BTC. Btc is simply a store of value. Eth is a "world computer". You can't built legitimate defi products on a network like this that is so shitty and congested that the fees are insane

>>27788373
this should be criminal

>>27788306
Yeah desu the absolute state of ETH is pathethic.

This bullrun would be x20 if it wasn't cuz sharding literally never going to be rolled out and gas fees will continue to skyrocket.

ETH desperately needs a bridge to Zilliqa or some other low fees high txp blockchain

fucking jewish miners are to blame. what a dumb fucking coin

>>27788373
is this fucking real?

>NOOOOOOOOOOOO BUT I NEED TO KEEP SHILLING THIS AS THE FUTURE OF FINANCE IN ORDER TO SHAMELESSLY PUMP MY BAGS! ITS THE FUTURE OF FINANCE GOYS! PUMP MY BAGS GOYS!

>>27792238
Normalfags will buy ETH through exchanges and the CME, they won't even know what gas fees are

>>27788373
holy fuck.

>>27792785
Yep, shit's fucked mate

>>27790651
>You'll soon get rekt by avax and dot
there's no dapps I want to use on those chains
all the money and volume is on ETH

>>27788373
oh my shit!

Take the Pangolin pill

>>27791538
PROOF OF STAKE ISNT CRYPTO. POW IS LITERALLY THE CENTRAL PIECE OF THAT ENABLED BLOCKCHAIN TO BE A REVOLUTIONARY TECHNOLOGY
COPE YOU STUPID DUMBFUCK GREEDY BASTARDS. YOUR BAGS ARE GOING DOWN GO FUCKING KILL YOURSELF

>>27791117
>he doesn't know
Those ether bags are about to get real fuckin heavy

>>27792426
This

>>27788531
>selling hash
hey brother, im getting some good gains from mining hash too

>>27789831
Imaging using eth and not having 200k to cover your fart fees

>>27792912
Avax runs EVM, all ethereum dapps can be ported

>>27788373
vitalik will go to jail

So is the price going to drop or no?. I just exchanged my eth for usdc hoping for a drop

>>27792877
This is BTC presently onchain not even using lightning. Which you can do now btw in electrum.

>>27788306
i recently discovered that im decent at swing trading, but gas makes it fucking pointless $200 to buy then sell it leaves no profit margin and im too poorfag to risk 2-3 eth just to widen the margin

>>27792468
you've been hit by you've been struck by, now pay me my fees asshole

The Ethereum mineworkers union is happy.

AVAX you fucking queers

lmao I just got into mining yesterday and bought some eth for the first time like 20 minutes ago, did I fuck up? should I sell? I was about to buy another video card too lol

for 5 years ive thought ETH is unstoppable, but this is actually getting retarded.
are there any legitimate short term solutions?
block size increase?
None of these L2s seem to get any real use

is this all because Shitvidia can't make enough rtx 3080's fast enough?!

>>27793207
How much gas will it cost to use zero.exchange and transfer my eth to avax?

>>27793280
Or is the ASIC market dying?
I agree either way

>>27793275
fuck this image always gets me

>>27793280
>>27793355
no there are more than enough miners
more miners doesnt mean block time is faster. there is only a certain amount of space in each block and gas fees are bids to be included in the next block

>>27789831
Lmao. Seethe little bitch. You don't know jack shit about crypto and it's clear.

>insane fees
>still no use case
>still a ponzi scam
what a pathetic fucking joke...

>>27788373
VERY bearish

WHEN DO THE FEES GO DOWN? I NEED TO BUY MORE GRAPHIES

>>27793275
EIP1559
Optimistic rollups
Eth 2.0

To name a few

>>27793539
I know everything about crypto and ETH 2.0 has been a complete failure.

>>27788306
on the way to gas town for more guzzoline

>>27791117
The fees for avax are adjustable accotding to governance. All fees are burnt, so validators dont mine transactions for fees, theres no prioritizing transactiins or pay for play with avax

So many poor fags in this thread hahahahhahahha

>>27793542
The tx fees are so high because of how many people are using the network, competing to have their txs included in a timely manner. Mostly for all the super successful defi projects. But yeah, sure, still no use case... you fucking poor retard.

>>27791117
Lmao, what? No.

Lmao, I got out of crypto a week ago because I knew the bull run never lasts. It's always something. Now to wait for the crash and pick up some deals.

>>27793639
>>> I know everything about crypto
>>> thinks a project still in active development has failed

How retarded are you? "Everything in crypto" lmao. Nice bait.

>>27793275
AVAX eth bridge.

>>27793892
ETH 2.0 has been an objective failure. Cope harder.

>>27790651
Honest question by someone new to crypto: Cosmos seems to be a really good platform to build on given it's flexible compatibility, why is it not talked about as a main competitor to ETH? It's been out for a while without market dominance but it feels like all ETH based projects could simply switch if gas fees become outrageous

>>27794097
i was long holding ETH in hopes that 2.0 launch woudl fix things but now i just have it for gas fees. Also Cardano/DOT will fix ETH's issues so I bought those instead of more ETH

ALL THESE ETH KILLERS ARE FUCKING CRINGE.

IT'S FLARE AND EVERYTHING DEFI WILL MOVE ON TO FLARE. NONE OF YOUR SHITCOINS ARE GOING TO MAKE IT.

>>27793710
sounds like a meme

A$300 gas fees to transfer eth to a token what the fuck

>>27794433
whats flare also nice dubs

>>27794617
Shit sorry I misread, it was actually A$50 but it's still fucked

When it hit ath at 1515 i entered a 5x short, im bleeding rn but tell me i will be okay

>>27794708
you're fucking retarded if you don't think people are going to keep buying ETH for gas indefinitely until cardano/DOT/whatever fully eclipses it

>>27794708
dude it got rejected at ath like 5 times you knew it would break it eventually, but people will keep buying this shit even though it's massively overvalued until they stop believing that someone stupider from them will buy it from them until then it will go up it seems

>>27788373
Holy shit, ETH is dead

Incels be like:
>Welcome to the future of currency

why cant they just force randomized 5% of the miners to mine low gas transactions

so if you dont care about being in the next block, you at least have a chance of getting mined at some point

>>27788531
LOL, I bought two rtx 3080s and mining on my old gtx 1080. Making 32$ a day the past 2 weeks for free. The rtx 3080 is such a monster, I have it mining 24/7 on my main comp and I can use the computer with absolutely no hitches beside playing games (too old for that now). It's great. The 3080s already paid themselves.

Whale here.
How do I avoid getting front-runned in Uniswap?
I tried setting my custom gas fee to "trading" (highest setting) but somehow it is hot enough and I still get front-runned by a few milliseconds by those retarded bots.

What the fuck? Is there any solution? should I just take the loss or fuck off Uniswap?

Serious post, please answer.

Why not just have a flat fee and do first come first serve?

Thank god, I shorted the shit out of it

>>27796574
lower your slippage. they will always just put higher gas price than you no matter how high you put it

>>27796644
Thanks m8, will try

>>27788373
They don't have a % stopper at each transaction?
Jesus that's a flaw.

>>27788373
This is going to dump hard once the gas prices go down a bit kek

I wanted to buy $50 worth of shitcoins and the fee was $76. What the fuck is Vitalik doing?

>>27793275
Problem right now is these technologies would've been main stream yesterday if our infrastructure wasn't built on antique technology. I read an article the other day about the cost of DDR3 RAM skyrocketing in price by %30. DDR3!!! Who buys DDR3 and intel anymore? Big institutions mostly.

>>27788373
OH POOR FUCKING YOU
tried to buy ten dollars worth, fee was 70 on uniswap.

>>27796565
Wtf must your electricity bills look like?

zero.exchange is working, $1.4 gas

>>27788306
As an eth miner, this is good

I started to use anyswap with fantom opera mainnet because I'm priced out on eth gas, fuck ethereum.

>>27793147
So you aren't good at swing trading then?
Swinging in a bull market isn't hard also

>>27788531
lmao i highly doubt that

Imagine not sending fees with XRP, yikes

>>27794691
Look up flare finance.

>>27788373
How did Blockstream AXA the Bilaberg Group and the Rothschilds make the fee for ETH so high? When are we hardfork to ETH Cash: Vitalik's Vision?

>Vitalik tokenized gas chambers
BASED

>>27788306
shitcoin. phase two still 5 years aaway

>>27794237
When eth goes 2.0 and people can't mine it will be catastrophic for it

Imagine not owning xsn

>>27797922
look at the mining rate on nicehash nigger, that doesn't account for under volting and memory overclock, hitting 99 mh/s on my 3080s

>>27788306
AHEM

>>27799137
Extremely bullish for ADA

>>27799137

Wait it costs $2600 USD in transaction fees to send 0 ETH right now?

Are mining rewards linked to these transaction fees?

Because if so, that means we are in a bubble and the mining rewards will drop sharply soon. Am I wrong? crypto noob here

>>27799228
this was from a few nights ago when it started pumping

Hmmm? Its called Fantom, fixes all these issues. If you dont have a bag, get wrecked

>>27788306
not for poor kids ;)

>>27797669
He lives at home with his mother, he doesn't have electricity bills and he has unlimited tendies

>>27797891
How does that help you buy the shitcoins on eth again?

>>27798660
Why would that be catastrophic? Less sell pressure, higher price?

>>27793542
>still no use case
The fees are high because of the insane usage and because it isn't a ghost chain like all its competitors
>still a ponzi scam
go back to r/buttcoin nigger

>>27799228
Why would we be in a bubble? Fees are high because of so many transactions and people wanting to get their tx go through asap.
People needing to cover tx fees will buy eth, upping the price. Miners covering electricity cost will sell eth, pushing the price down.

>>27799228
Why a bubbel? Fees are high because so many ppl are sending transactions and want theirs to get through asap. DeFi makes it so easy and quick to congest the network.
Ppl have to cover their tx fees, demand for eth upping the price.
Miners need to cover electricity costs, sell pressure, lowering the price.

Also unbelievable only a few here mentioned L2. Transactions are negligible there.

Crypto is so fucking autistic holy shit.

>>27800638
>>27800730

creepy shilling behavior here

>>27790827
>This is the way.
Back to (r)eddit please

>>27788306
>doesn’t realize how bullish this is

>>27790827
haha that's like peanuts worth of income , first go back to plebbit and then get back to ur old job at McD's

>>27800879
I think you just don't know what a bubble is

>>27788373
This, can’t even claim airdrops.

>>27793275
Rubic exchange will have a solution for this soon.

>>27794581
>gets debunked
>resorts to fallacies

>>27801128

I'm saying that the current rewards for mining can't possibly last because it's fueled by unsustainably high transaction prices

I just tried to do a swap on uniswap and the fee was $70 for a $200 transaction.

>>27800784
It should be, but what's fucking disgusting is that 90% of the userbase don't actually know the fundamentals, just following how-tos on medium, and less than one percent would be able to read a whitepaper and have any idea of how mathematically/computationally accurate or feasible an idea is. Even though I'm glad it's dumbed down for dums like me, it pisses me off to see smug douches like the winklevii get in on it just because they had the money to throw.

>>27788306
THE SOLUTIONS TO THE ETH PROBLEM

SHORT TERM: RUBIC

LONG TERM: AVALANCHE

>>27796565
What do you mine?

>>27801370
Yeah, it'll be that for a ten dollar one too. You know they're just going to tell you to throw more money in hopes of it being worthwhile kek.

>>27797966
They are in full cope mode where they deny reality and refuse to see xrp for what it is

>>27801403
We still need seventy dollars to play, bro. Per transaction. Sorry, but I can't justify a guaranteed expenditure on something that is still a gamble, not of that size.

When ATOM's Stargate Bridge deploys on the 18th and opens up to traffic in the subsequent weeks, ETH is totally and utterly fucked.

ETH denizens will be able to easily migrate from a literal gas-guzzling hellhole to a 3rd generation paradise.

Based, fuck poorfags

And that's exactly why ETH is growing so slowly compared to 2017 and 2018.
We NEED L2, otherwise you can consider ETH a stablecoin at this point. Nobody has serious interest in ETH mooning because it would kill DeFi.

>>27801554
What caused its former high to crash mid January?

>>27790827
Pic related

>>27801735
We already have it, don't we? We even have wallets for it. That one that starts with zy that vitalik mentioned comes to mind.

It's just that no exchanges are using them.

>>27801816
Are these dex's the major source of congestion? Would the entire network be decongested if they are L2? It would be a hassle to move everything to layer two but maybe only the cod heavy stuff needs to use layer two.

>>27788306
Chainlink fixing this (t-sigs, Arbitrum, ...) is going to be such a bombshell.

>>27797669
It's $0.50/day to run a 3080 for 24 hours.

He makes $12/day mining ETH each 3080.

>>27801735
>NEED L2
lol, BTC devs were fucking crucified for even suggesting this. ETH soi devs get a pass for some reason.