|All Time High:|
|Market Cap: |
|The price of #ERG today is $1.34 USD.|
The lowest ERG price for this period was $0, the highest was $1.34, and the exact current price of one ERG crypto coin is $1.34414.
The all-time high ERG coin price was $19.38.
Use our custom price calculator to see the hypothetical price of ERG with market cap of BTC or other crypto coins.
|The code for Ergo is #ERG. |
Ergo is 2 years old.
|The current market capitalization for Ergo is $84,497,270.|
Ergo is ranked #199 out of all coins, by market cap (and other factors).
|The trading volume is medium during the past 24 hours for #ERG.|
Today's 24-hour trading volume across all exchanges for Ergo is $722,001.
|The circulating supply of ERG is 62,863,620 coins, which is 64% of the total coin supply.|
|ERG has limited pairings with other cryptocurrencies, but has at least 4 pairings and is listed on at least 9 crypto exchanges.|
Babel Fees on Ergo: How-To Guide
The Problem - Every blockchain requires a fee to fund transactions, and it is most often a blockchain’s respective coin that pays for transactions on the network. In the case of Ergo, every transaction requires a payment in $ERG. For those who are active within a blockchain’s ecosystem, there is often a desire to hold assets other than that blockchain’s coin. You may want to buy NFTs, or you may want other tokens native to the blockchain. Depending on a wallet’s holdings, the need to use $ERG to pay for transactions may create some complexities. What if the wallet does not have enough $ERG to fund a transaction where the user is trying to send a native token? This sort of scenario might discourage a person from using the chain because they cannot fund a transaction with $ERG. Based on the above scenario, it would be more convenient to pay for transactions in native tokens rather than $ERG. This is now possible with the introduction of Babel fees. — Babel Fees - With Babel fees, you no longer need $ERG to pay for a transaction. You can pay for the transaction using fungible, native tokens that have liquidity. Let’s take a look at how this new feature works on Ergo. — Providing Babel Fee Liquidity - Before using Babel fees, someone (or many people) must provide liquidity on the blockchain. They agree to buy the native asset for $ERG at some rate. To illustrate: Go to the Tokenjay site <tokenjay.app&g...
What is a Mining Rig?
Introduction Since the inception of Bitcoin, mining rigs have played a pivotal role in securing and maintaining Proof of Work (PoW) blockchains. Although those who operate mining rigs are offering a service to the blockchain, they are often incentivized to provide this service through payments of the respective blockchain’s native coin. These computers perform complex computations via the respective consensus algorithm that then verify network transactions and data blocks. Depending on the blockchain, there can be a variety of mining rigs that will perform these tasks. What is a Mining Rig? The three most common PoW mining rigs are ASIC (Application-Specific Integrated Circuit), CPU (Central Processing Unit), and GPU (Graphic Processing Unit) miners, and it is important to note that one type of mining rig can not necessarily mine all PoW blockchains. With regards to ASIC miners, they tend to be used primarily for Bitcoin mining. There are several networks that are CPU mineable, but one of the more popular coins is Monero (although it can be mined with a GPU, it is more efficient with CPU mining). GPU mining has had a long history of mining Ethereum, however Etherum recently completed the transition from Proof of Work to Proof of Stake and is no longer a mineable network. Since the Ethereum Merge, many GPU miners have redirected their hashing power (hash is the measurement used for determining how much mining power a rig ha...
Personal Thoughts PoW Post ETH
With a date set for ETH we move into an era. Many are asking what is next for GPU minable proof of work. I am frequently asked about what my thoughts are post merge as this is a major shift in the PoW... So here they are. Mining is a business and the profitability, risks, ROI, and cashflow are unique factors each person needs to individually access and manage. You will not find me trying to run in front of the crowd and try to sell miners on why ERG. The point here is to share my own thoughts. The GPU capacity coming from ETH is massive. GPU minable Proof of Work tends to be winner take all game. The collective hash rate that has grown over the years has led to an impressive hardware security barrier protecting the Ethereum network, only outdone by Bitcoin itself. What will that unwind look like? Well I don’t know the future, but here are my thoughts. The first assumption is that the current market (the remaining GPU minable coins collectively) is not currently structured to absorb this capacity. Therefore, mining profitability is a risk each miner needs to look at based on their own situation. Personally, I think mining will go through a consolidation phase first. It may not happen immediately but the overcapacity in supply relative to demand leads me to believe we will see this occur. The collective search for profitability may drive profitability and consolidate rewards to those who have the lowest carrying costs. Mine...
Ergo: A Blockchain to Stand the Test of Time
When discussing cryptocurrencies, one must take into consideration which blockchains have the potential to be resilient and promote longevity. A blockchain must grow in its technological development on a consistent basis in order to stay relevant in an industry that is moving at a rapid pace. Ergo has always been a project that puts longevity at the forefront of its priorities, and it endeavors to be a blockchain that will provide real-world applications for decades to come. This goal is made possible through a combination of factors, such as organic community growth, technological innovation and development, prioritizing long-term growth over short-term growth, and ultimately, thoughtful planning. Organic Community Growth One way of measuring organic community growth can be through “the growth of your social media channels without paid advertising. It’s achieving your social media goals with your actions, for instance, by regularly engaging with your audience [and] building a community” (Databox.com, 2020). Most of Ergo’s marketing is grassroots and community led which fosters a community that genuinely cares about the project. In the article Long-term Success is Found in Organic Community Growth, Stan Peterson states that: “Such communities that bloom from an idea that everyone can believe in allow new markets and new crypto-based products to grow through trust in the fact that everyone is working towards the same...
Blockchain for Beginners: What is a Blockchain?
Yup okay, I think I’m starting to get it. So, I can have fractions of a coin and they’re stored in my wallet, which is my own little corner of the blockchain world. I have 3.1415 Ergo in my Ergo Wallet which I control on the blockchain. But all of this is still on the internet. Can’t it just be hacked away from me? Come to think of it, what actually is a blockchain? Poignant point from my father. In previous publications, we have explained crypto wallets and coins. For the above average crypto user, you might find this a strange sequence to explain to someone, but in my experience, explaining blockchain to those with basic computer skills can be a daunting task. For those who may only have the computer literacy to format cells in Microsoft Excel, starting with “what is blockchain” can actually be a tough place to begin a discussion. I know from my own experience when “what is blockchain” was first explained to me, it sounded less like a financial/transaction system and more like a type of software or computer program for verifying niche applications on the internet. In truth, it is both of these things (on a general level), but its use in finance and commerce was not immediately apparent to me when I first learned about it. Starting with more practical concepts (practicality being a core tenet of Ergo) is often more productive. You will almost certainly see terms like decentralized, consensus, immutable, and ledg...
Casual Thoughts on the State of DeFi
As crypto markets are a bit bloody at the moment it seems like a good time to reflect on recent trends as we continue to build into the future. Decentralized finance ideally should be built on solid principles and transparent risk management. I honestly have not seen too many projects that have this as the primary focus, which hopefully changes in the future. Risk profiles on many of the instruments in Decentralized Finance have largely been ignored or in some cases are completely unknown, which has created an environment where users are just chasing the highest APY with a generally reckless disregard for the risks they are inheriting. Which is simply put, insane and unsustainable. I think the first thing that we examine is the fact that ERG exists in an inherently volatile industry, in unprecedented macro conditions. In accepting this reality the concept of over-collateralization becomes an increasingly important construct that serves as a solid foundation for decentralized frameworks. If we are going to build financial tools that last, over-collateralization and transparent assumptions are vital. There is some trade-off with short-term capital efficiency, however, longer-term sustainability should ultimately be the goal. Decentralized networks are by nature less efficient than their centralized counterparts. However, the benefits of trustless environments for many offers value beyond the efficiency tradeoffs. Ergo is Proo...
Blockchain for Beginners: What’s a Coin?
“Okay look, I sorta understand a wallet now, but it doesn’t really matter does it? I just saw that a bitcoin is over $31,000 USD, an Ethereum is over $2,400, and all of them seem to be so expensive. I can’t afford that!” Whether looking back on my entry into crypto in 2013 or talking with my dad last week at dinner, this is another sentiment that is often brought up by cryptocurrency beginners. After figuring what a wallet is, it can be daunting to try and understand some of these high prices and their volatile price action. I vividly remember in November of 2013 when Bitcoin first started making headlines in major media and news outlets. I was a poor graduate student and I remember for the first time seeing a restaurant advertising that they accepted Bitcoin for burritos. I decided that this whole cryptocurrency thing sounded kind of cool, so after a long day of classes, I went home and googled how to get Bitcoin. The first thing I saw was that a Bitcoin was worth over a thousand dollars! Yikes! That was basically my entire paycheck as a graduate student at the time. Disheartened, I decided that “this is just stupid magic internet money” and essentially never revisited the topic for almost a decade. If you are still reading, you are more curious and more brave than I was in 2013. You see, I fundamentally did not understand what Bitcoin actually was. More precisely, I did not understand what a coin was within cry...
Newest Ergo NFT Marketplace Gaining the Attention of Ergonauts
In October 2020, NFTs on the Ergo blockchain were launched. Looking back, it seems incredible how so much has been achieved in barely a year and a half. In the early days of Ergo NFTs, it was thanks to the work of the developer known as anon_real that artists could easily (and cheaply) mint their works and auction them to the highest bidder. In February of 2021, the first Ergo NFT contest was announced, with prizes totalling 2000 ERG. A few months later, anon_real delighted the community with V2 of the Auction House, enabling artists to collect royalties, set up copyright protections, and even allow the possibility for bids to use custom tokens. Enter SkyHarbor. Why the need for another Ergo NFT marketplace? The developer behind the Ergosaurs ENFT line, known as Crypto Quokka, realized that a number of prospective ENFT buyers were either unwilling, or unable, to interact with any interface that wasn’t as simple as clicking a button to complete a transaction. He enlisted the help of developers HazeyOneKenobi (part of the Ergnomes team, among others) and Krasavice Blasen to collaborate on building SkyHarbor. Even though SkyHarbor is still in beta, it is already fully functional. SkyHarbor Features: - Artist verification: NFT artists “register” their information in the marketplace and, once verified, the NFTs are listed under their respective collections. - Instant transactions: buying, selling and trading are as easy as ...
Blockchain for Beginners: Crypto Wallets
How to explain crypto to a beginner.. — “Wait, I don’t get it. I have to download a wallet, but it’s a computer program, and I don’t actually physically get to hold my crypto coins? Downloading something from the internet that says it holds made-up money that I have to use real money to get feels like a scam.” I’m confident I’m not alone in hearing some iteration of this reply when first explaining cryptocurrency to their parents. And, if we’re being honest with ourselves, there is some kernel of truth to this skepticism. How do we know it isn’t a scam? How do I know I “own” cryptocurrency? I read online people saying “the blockchain is immutable and anyone can read it to confirm a transaction!” But I can’t read it. I don’t know anything about computers. This is the mindset of the majority of people when it comes to all forms of cryptocurrency, not just Ergo. The overwhelming majority of the developers and fans of Ergo that I know rave about the technological capabilities of Ergo, the community of people involved (we have maybe the coolest community out there), and future implications that this technology could bring to bear on society as a whole. The issue with this, is that my 65 year old father doesn’t really care about this nor does he know the first thing about cryptocurrency and blockchain technology. My goal in writing about blockchain is to try and explain (in the simplest terms) ...
Storing Crypto on Ergo: Nautilus Wallet
In the last month, there has been a significant increase in the infrastructure of Ergo’s ecosystem. Until recently, users were limited in their choice of wallets, but now Ergonauts have several options for storing their ERG, native tokens, and NFTs. Over the next couple of weeks, we will offer how-to guides for each of these new wallets so that all users, new and existing, can feel comfortable and confident navigating the various Ergo wallets. For this blog, we will go over how to install and use the new Nautilus Wallet. If you are familiar with crypto wallets and how to use them, you can proceed to downloading the wallet here. If you have any questions about this wallet, you can also subscribe to the Nautilus Telegram Channel and directly interact with the developer and other community members. Nautilus Wallet Overview Current Features Web browser extension wallet, dApp connectivity allows interaction with Ergo dApps, Privacy mode, Fast and efficient synchronization with the blockchain, Future features Ledger integration (hardware wallet), ErgoMixer integration, Stealth Addresses, NFT display, DexyUSD integration, ErgoDEX integration for in-wallet swaps, ErgoDNS integration, ErgoHandle integration, Installation The Nautilus Wallet is currently only available for chromium based browsers. For the purposes of this demonstration, we will go through the setup in Google Chrome. Download the Nautilus Wallet from the Google W...
More Ergo (#ERG) News
|ETC, RVN, ERGO Hashrate Soars Following The Merge, Large Quantity of Has...
Ethereum has officially transitioned from a proof-of-work (PoW) network to a proof-of-stake (PoS) system after seven years of operating as a PoW blockchain. The Merge has forced ethereum miners to transition to other PoW-based tokens and after the ruleset change was codified, a handful of PoW coins compatible with the Ethash algorithm saw their hashrates skyrocket. Ethereum Classic's hashrate has tripled in size since The Merge was triggered by Ethereum's Paris Upgrade.5 Tokens Reap the Benefits of Ethereum's Leftover Hashrate
Ethereum, the second largest crypto asset in terms of market capitalization, now operates under a proof-of-stake (PoS) blockchain system. The Merge was triggered by the Paris Upgrade on September 15, at block height 15,537,391 at 2:42:42 a.m. ET. A few hours prior to The Merge, Ethereum's hashrate plummeted significantly, and a great deal of hashrate was pointed at Ethereum Classic (ETC).
During the early morning hours (ET) on September 15, ETC's hashrate was around 80.77 terahash per second (TH/s). Hours after The Merge on September 16, ETC's hashrate increased by 228%, jumping to the current 228.62 TH/s. ETC was the main beneficiary in terms of getting the most hashrate from Ethereum's forced transition from PoW to PoS. However, a handful of other tokens with similar hashing algorithms also saw a significant rise in computational power.
At the start of the day on September 15, Ravencoin's (RVN) hashrate was around 10.15 TH/s but the following day it...