Much has been speculated about how ethminer´s block chain technology will impact the business world. The climate of optimism around the crypto-coins is clear, and more and more investors are showing interest in this market. However, to date there are few alternative crypto-coins (altcoins) that offer a different proposal than bitcoin.
Bitcoin has increasingly appealed to investors with tolerance for risky markets. Although often referred to as a very volatile market, bitcoin still stands as one of the most stable digital currencies.
In this sense eth miner appears as an option for more adventurous investors. The volume of ether transacted in the market has been increasing at large jumps. From January through June of this year, the ether more than tripled in value. The news of the inclusion of ether in exchanges such as Ok coin, the largest online market for crypto-coins, contributes greatly to the climate of optimism surrounding ether.
The volatility factorthat prevents investors from moving
Due to being still in its infancy, the eth mining rig has undergone enormous fluctuations in its price. In January 2016, it was trading at just under $ 1. By the middle of February, its value had already surpassed $ 6, reaching a staggering $ 15 in the first half of March. Between April and May, the price remained relatively stable, close to $ 8. With the start of sales of DAO Tokens (another promising project based on the Ethereum platform), which could only be purchased by sending ether.
While these abrupt changes may alienate risk-averse investors, they certainly represent a great opportunity for traders. It is possible to acquire ether through fiduciary currency as bitcoins, and some exchanges accept a wide variety of other crypto-coins. In Brazil, the big exchanges still do not operate with ether, but signs have already been given that the currency will soon be offered and investors will indeed want to have their own ether wallet.
How secure is the Ethereum network?
With more than 7 years of development, the bitcoin network is considered by most Crypto-maniac enthusiasts to be the safest block chain. There were few significant security issues raised during this time. Even large companies have expressed interest in the various potential applications allowed by bitcoin technology.
Ethereum has faced tougher criticisms, most of them focused on the short existence of the platform, launched less than two years ago. In addition, the Ethereum network suffered fewer attack attempts than bitcoin, and consequently passed fewer tests than its predecessor.
However, a raised concern about the two currencies is the excessive concentration of mining power in the hand of a small group of individuals or companies. While bitcoin block chain data report that only five companies control about 80% of mining capacity, the same number of companies apparently exercise control over 85% of the mining power of the Ethereum network.
In addition, while the largest bitcoin mining company, F2Pool, accounts for about 25% of the currency’s hash rate, ether’s largest mining company, dwarf pool, controls approximately 40% of its mining power, and more.
The bottom line
While new versions of Ethereum are being released by developers, several critics predict that the ether will face security problems worse than bitcoin. Whether they are right or not, only time will tell. The fact that cannot be denied is that Ethereum is an incredible project. If it will be the definitive solution to the popularization of block chains, it is still early to say. Most importantly, the has opened the door to the universe of possibilities that the interaction between block chains and smart contracts represents, even though the use of eth mining calculator is still a must. See more: http://www.ethermining.com