London Release and miner software

[darkdude]

Hello!

As miners, once the London fork comes out, is there a need to update our miner clients (ie. PhoenixMiner)?

[sxemini]

Hello!

As miners, once the London fork comes out, is there a need to update our miner clients (ie. PhoenixMiner)?

no

[FP91G]

Hello!

As miners, once the London fork comes out, is there a need to update our miner clients (ie. PhoenixMiner)?

Mining pools will have to update their software. For information, you can follow the twitter feed of your mining pool. Miners do not need to do anything, and say that the profit may not drop much due to the cancellation of the difficulty bomb until December.
Nothing depends on the miners here

[swogerino]

Hello!

As miners, once the London fork comes out, is there a need to update our miner clients (ie. PhoenixMiner)?

Mining pools will have to update their software. For information, you can follow the twitter feed of your mining pool. Miners do not need to do anything, and say that the profit may not drop much due to the cancellation of the difficulty bomb until December.
Nothing depends on the miners here

I hope the thing about difficulty is true.I mine at Ethermine.org and they have put a public notification in their mining pool page that starting from 5th of August which is supposedly right after the London fork which is programmed for 4th of August,the payout scheme will change again by going to the minimum of 0.01 Ethereum in the main net.It was 0.05 before and right now is 0.10 as a minimum so I think this is a good move from them but I am afraid they are doing so because they think the difficulty will rise after the London fork comes to life.

[dedizonesv2]

Hello!

As miners, once the London fork comes out, is there a need to update our miner clients (ie. PhoenixMiner)?

Mining pools will have to update their software. For information, you can follow the twitter feed of your mining pool. Miners do not need to do anything, and say that the profit may not drop much due to the cancellation of the difficulty bomb until December.
Nothing depends on the miners here

I hope the thing about difficulty is true.I mine at Ethermine.org and they have put a public notification in their mining pool page that starting from 5th of August which is supposedly right after the London fork which is programmed for 4th of August,the payout scheme will change again by going to the minimum of 0.01 Ethereum in the main net.It was 0.05 before and right now is 0.10 as a minimum so I think this is a good move from them but I am afraid they are doing so because they think the difficulty will rise after the London fork comes to life.

Are you talking about that ?

https://ethpool.freshdesk.com/support/solutions/articles/8000060967-ethermine-org-payout-policy

Ethereum Layer 1 (Gas limit: 100,000)
-) Daily automatic payout of all balances above your configured payout threshold (10 - 0.1 ETH, network tx fee paid by the pool)
-) Monthly automatic payout on the 28th of each month for all balances above 0.01 ETH that have not received a payout during the last 21 days (network tx fee paid by the pool)

-) Manual on demand payout of all balance above 0.005 ETH (network tx fee to be paid by the miner; only for non-custodial wallets (requires MetaMask signature))

 Side-chain (Matic/Polygon)
-) Daily automatic payout of all balances above 0.005 ETH (network tx fee paid by the pool)

[TheMimic1]

Mining softwares don't need any kind of upgrade, ETH PoW algorithm still remains Ethash like before only mining pools need to make few adjustments, let's hope that this won't have huge bad effect on mining reward

[swogerino]

Hello!

As miners, once the London fork comes out, is there a need to update our miner clients (ie. PhoenixMiner)?

Mining pools will have to update their software. For information, you can follow the twitter feed of your mining pool. Miners do not need to do anything, and say that the profit may not drop much due to the cancellation of the difficulty bomb until December.
Nothing depends on the miners here

I hope the thing about difficulty is true.I mine at Ethermine.org and they have put a public notification in their mining pool page that starting from 5th of August which is supposedly right after the London fork which is programmed for 4th of August,the payout scheme will change again by going to the minimum of 0.01 Ethereum in the main net.It was 0.05 before and right now is 0.10 as a minimum so I think this is a good move from them but I am afraid they are doing so because they think the difficulty will rise after the London fork comes to life.

Are you talking about that ?

https://ethpool.freshdesk.com/support/solutions/articles/8000060967-ethermine-org-payout-policy

Ethereum Layer 1 (Gas limit: 100,000)
-) Daily automatic payout of all balances above your configured payout threshold (10 - 0.1 ETH, network tx fee paid by the pool)
-) Monthly automatic payout on the 28th of each month for all balances above 0.01 ETH that have not received a payout during the last 21 days (network tx fee paid by the pool)

-) Manual on demand payout of all balance above 0.005 ETH (network tx fee to be paid by the miner; only for non-custodial wallets (requires MetaMask signature))

 Side-chain (Matic/Polygon)
-) Daily automatic payout of all balances above 0.005 ETH (network tx fee paid by the pool)

No,go to the Ethermine.org and check the tweets there,everything is explained in one of the tweets which you can find in the right of the page,kinda like chat shout box.That policy you are telling is in place since June 1 but now they will change it again on August 5th as I said.The details are all in the website.

[batsonxl]

Can someone explain what is MEV in simple words? Thanks

[FP91G]

Can someone explain what is MEV in simple words? Thanks

Study this
https://dyor-crypto.fandom.com/wiki/Miner_Extractable_Value_(MEV)
If it is very simple, then the mining pool can add its own transaction to the block and take the profit of the arbitrageurs for itself, because the pool transaction will be completed earlier.