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

10 votes

Does metamask store private key on server or anywhere else?

Metamask stores your encrypted private keys using your browser's data store. At no point does Metamask store your actual private keys. The source code of Metamask is auditable, like Parity and MyEther …
lungj's user avatar
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5 votes
Accepted

What gives ether it's intrinsic value?

Thus, if no one is selling their ethers unless they're at least breaking even, then the price of an ether is capped at the lowest price they paid to obtain them. … Similarly, the higher the price of ether, the riskier it is, from a profit-making standpoint, and the lower the final returns. …
lungj's user avatar
  • 6,680
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
  • 6,680
3 votes

What's Byzantium? What's Metropolis? What should I do after these happen? Will I lose my ETH?

You will not lose any ether or tokens associated with your existing accounts (unless it's due to user error, like deleting your private keys while upgrading, or programmer error; back up your keys!). …
lungj's user avatar
  • 6,680
2 votes

Sent transaction between ETH and ETC accounts

So if you sent ether on the ETH blockchain instead of the ETC blockchain, ETH is the etherefrum and ETC is the expecteum. … If you have the keys for the receiving account (i.e., you sent ether to yourself) Load up your expecteum wallet and export the private keys. …
lungj's user avatar
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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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2 votes
Accepted

Storing Ether based digital assets in a paper wallet

A paper wallet is a way of storing private keys which give you control over an Ethereum account (which includes the ether associated with it and any tokens it has). … You will need to store some ether in the associated account to interact with the Augur contract, anyway (such as to send tokens). …
lungj's user avatar
  • 6,680
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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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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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
  • 6,680
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
  • 6,680
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
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

Ethereum token...*Burn rate*?

You can periodically call a function that burns some ether (or maybe this at some point in the future). … To burn ether, you can send it to an address for which you don't think anyone has the private key for. You can send your ether for burning to this address: 0xd4a0beb031790e5a8c49eeaa188a2e0debae08e7. …
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
  • 6,680

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