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Ether (ETH) is the main internal crypto-fuel of Ethereum and is used to pay transaction fees.

4 votes
Accepted

Etherum initialization

The initial funds, paid via Bitcoin, were sent to accounts controlled by Ethereum Switzerland GmbH. This company was then liquidated, according to plans provided, in order to provide fiat currency to …
lungj's user avatar
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2 votes

I would like to generate an ethereum address for every user on my platform, via a script

Accounts can be generated entirely off-line without ever connecting to the Internet (there are several questions about this on stack exchange), so yes, you could do it without running a node. For thi …
lungj's user avatar
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1 vote
Accepted

How to accept Ether payments?

You are still able to check the balances of the accounts for payment purposes, but you won't be able to sweep the ether automatically. …
lungj's user avatar
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1 vote

Why would users care that non-money related dapps are built on Ethereum?

Not directly money, but Ethereum can be used to reduce fraud by intermediaries when distributing aid/welfare (e.g.,m http://www.coindesk.com/united-nations-sends-aid-to-10000-syrian-refugees-using-eth …
lungj's user avatar
  • 6,680
2 votes

Single gpu mining on ethpool.org: payback questions

I just plugged your 25 MH/s rate into the coinwarz calculator which suggests you'll get an expected 0.006 ether/day. … appears that ethpool pays out a full block to the "next in line" when it finds a share, the expected value should be almost the same as the actual value -- except you're not paid until you've accumulated 5 ether
lungj's user avatar
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0 votes

can Ether(ETH) currency be controlled by reward instead of the difficulty?

Indeed, ether was designed as a mechanism to pay for transactions, not as a unit of account for a value store. … A decrease in the supply of ether would mean that transactions couldn't be performed on the network. However, in practice, people are using ether to store and transmit value. …
lungj's user avatar
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1 vote
Accepted

Trading an etheruem based token

You will need to pay transaction fees in ether (and any fees your token also imposes). You can send ether to your account that has 5000 tokens in order to use the tokens. …
lungj's user avatar
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1 vote

Price of 1 gas in dollars?

the notation used. 1 gwei is a billion (1 000 000 000, also written as 10^9, which is 1 followed by 9 zeroes) wei and there are 10^18 (1 followed by 18 zeroes, or 1 000 000 000 000 000 000) wei in one ether … So if one gas is 2 gwei and 1 ether is $520, then one gas is 2 * 10^9 / 10^18 ether=2 * 1 000 000 000 / 1 000 000 000 000 000 000 ether = 0.000 000 002 ether = 2 * 10^(-9) ether. …
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2 votes
Accepted

Is it possible to transfer Ether without a contract, like with Bitcoin?

You can transfer ether without a contract. This is used to be (and probably still normally is) the most common type of transaction on the Ethereum blockchain. …
lungj's user avatar
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0 votes

Which exchange should I trust to provide ether price in USD?

Instead, what you may be interested in is how much it would cost you to buy an ether with USD or how much you could sell an ether for. … For example, if an exchange were hacked and ether was stolen, you might see very cheap ether on the site: users who are owed ether by the exchange might be in doubt as to whether they could withdraw their …
lungj's user avatar
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1 vote

Is it worth to solo with 1Gh?

You can use a Poisson table to determine how many blocks you can expect to find in a given amount of time. For example, at 1 Gh, the expected value of how long it will take you to find a block is 9 da …
lungj's user avatar
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1 vote

How to send Ether programatically everyday? (Centralized)

If you already know Python, perhaps it might be fastest/easiest to modify https://github.com/ethereum/pyethereum to run a task periodically (such was via a separate thread in the program itself). You …
lungj's user avatar
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1 vote
Accepted

How to get a private key of an encoded account which was created with geth?

Are you unable to start geth at all for this question? Or do you just not want to sync? If you can start geth, then you can import your keys into MyEtherWallet and send an off-line transaction.
lungj's user avatar
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1 vote

DAO withdrawal contract - executed but no ethers

It looks like you accidentally sent 385 new ether to the withdrawal contract and that you figured out you only need to provide your TheDao balance to the contract, not actually send any new Eth. …
lungj's user avatar
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1 vote

Stats API Temporarily Down

You need to edit your www/config/environment.js file and set the ApiUrl value. See https://github.com/sammy007/open-ethereum-pool for more details. If you've already done this, ensure that your ApiUr …
lungj's user avatar
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