Bitcoin Forum

I have just noticed a big drop of ETH difficulty. What have caused it?

On October 16, Ethereum was renewed in which the reward for the block fell from 5eth to 3 but the block time was also reduced. Because of this, difficulty was drop.

i would to diagree on this one because, first Ethereum price has moonrockted, and second there are lot of different currencies to be mined not just Ethereum like what is happening with the NEW MINER FOR DASH ANTMINER D3.

Why are they lowering the difficulty? I mean computers especially cpu and gpus are getting better and better. Bringing more performance, so for me it should be kind of natural that difficulty is rising no?

The difficulty was artificially increased 2? times before the latest build in preparation for the future transition to proof of stake. ETH has a massive inflation of 13% per year, so they tried to decrease it with coded difficulty bombs.

People complained and the difficulty bombs got coded over in current release.

it is too soon! if it were after October 25 i would have said the miners have moved on to mine bitcoin gold with all their GPU rigs and the hashrate drop caused the difficulty drop also. but BTG is not yet released!

maybe this is the first step though, since the reward was nearly halved from 5 to 3, miners automatically switch to more profitable ones to mine: ETC, ZEC,...

Yup it was because of the Byzantium fork. The dropped rewards earning from 5 to 3 eth for each block now.
Right now the earnings seems to had increased by around 20% only. So if difficulty dropped, i havent really looked it up. But the rewards or earnings had increased by around 20ish %. Kinda shtty if you ask me. And price seems to be the same for eth. These damn eth devs, they shouldve just left tbe block rewards as is. Reducing the block rewards seems like no effect on eth price.

Yeah it's already showing in the price. I some extra on a few of the earlier dips but I think it's just going to be dumped lower and lower for a while.

i think miners should brace their self to sell their GPU by the end of this year or switch to anoter coin!

the proof of stake in ethreum is close!

I am very disappointed for continuously fall down Ethereum because I hold ETH for long investment.Now I waiting for pumping otherwise I have no way.

because we have the byzantium fork

Yeah same with me , i invest eth when the price at $294 , i sell on $341 , but i want invest again , just short term investment.
I just scared with eth price will continiously fall down , i just play safe when the price low i will buy , but now.
I just waiting and research about eth , i not invest on eth , maybe will be invest on other coin , wish me luck.

I agree, remember the time when I was mining 1 eth a day, unfortunately it is a pattern whenever the currency gains much value suddenly rises its difficulty.

there have been so many events that could affect the price and the difficulty of mining with gpu's, rig's, and all that stuff, but just remember that Ethereum had the Byzantium fork in the last few days, and it was obviously that their difficult was going to be easier, and that is why the price droped for about 10% - 12% on their exchange.
But this is nothing of what we should  be worried about, ethereum is going to go up again in just matter of time, and an easier difficulty is better for all of us.

I don't thinks so! May be scam! Carefull check before doing this task!
I just noticed via email! But i do not to do!

If you are planning on trading the coins for Bitcoins then do it right now because the price of Ethereum may tank considering the amount of people trying to get more Bitcoin Gold for their stack.

So fast to call something a scam without any concrete evidence that is such. If you have proof that it's a scam then let us know about it.