what caused eth difficulty to dip below 2p?

[ggbtctalk000]

Sorry if it is spamming, I could not find related thread. What caused the recent downward spike toward sub 2P difficulty? Progpow or somehting else? Is reward also reduced recently? Thanks!

[1715697136]

1715697136

[1715697136]

1715697136

[1715697136]

1715697136

[darkneorus]

Sorry if it is spamming, I could not find related thread. What caused the recent downward spike toward sub 2P difficulty? Progpow or somehting else? Is reward also reduced recently? Thanks!

Constantinople hardfork.

[vuli1]

fork, reward from 3 to 2

[ggbtctalk000]

i see, thanks!

[adaseb]

With Ethereum you need to consider 2 charts. The difficulty and the hashrate.

Looking at the overall hashrate before and after fork,
https://etherscan.io/chart/hashrate

It looks constant

Looking at the overall difficulty before and afterfork,
https://etherscan.io/chart/difficulty

You see the huge drop you were referring to, its because the ice age was reset and block times were reversed back to 14 seconds from the 20 seconds. So the difficulty dropped, hashrate stayed constant, price constant, mining rewards lowered and profitability fell a little.

[Indamuck]

People aren't willing to mine for a few pennies each day.  once the price shoots back up all those hobby miners will fire up their machines again and the difficulty will skyrocket.  I don't think home mining is even worth it anymore, there are too many people that know about crypto mining already.

[xxcsu]

People aren't willing to mine for a few pennies each day.  once the price shoots back up all those hobby miners will fire up their machines again and the difficulty will skyrocket.  I don't think home mining is even worth it anymore, there are too many people that know about crypto mining already.

Home mining is still worth it for some ppl... the big question is how much you paying for electricity