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Author Topic: ETH Metropolis is coming, what to expect?  (Read 2529 times)
rdluffy
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August 22, 2017, 12:42:27 PM
 #1

Guys, I read this:

https://cointelegraph.com/news/ethereum-announces-metropolis-hard-fork-coming-late-september



Finally, the upgrade includes a ‘Difficulty-Bomb’ intended to make mining exponentially more difficult.

But Carter form Bits be trippin channel says:

This article needs to be corrected. It actually is delaying the current difficulty bomb that has been active on the network since May. This should put 'difficulty' back and predicated on network hash mining power. This will allow for the network to retarget block times back down to near 15 seconds. In addition they are looking to reduce the total token inflation by reducing the current block distribution of 4.95 ethereum per block to somewhere around 3 ethereum per block/ effectively like a 'bitcoin' halving.

What really expected?
The difficulty will decrease and the reward is decreasing to?
 if yes, we will probably continue to gain the same in fiat currency?
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Vann
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August 22, 2017, 12:59:15 PM
 #2

You can expect the difficulty bomb to get ~30% worse on August 24th along with increasing block times and another difficulty ramp up on September 24th until the Metropolis release is pushed out, where the block times will go back to 15 seconds along with a reduction in the block reward to ~3 ETH.
rdluffy
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August 22, 2017, 01:03:59 PM
 #3

You can expect the difficulty bomb to get ~30% worse on August 24th along with increasing block times and another difficulty ramp up on September 24th until the Metropolis release is pushed out, where the block times will go back to 15 seconds along with a reduction in the block reward to ~3 ETH.

After that, when Metropolis will be active, will we probably earn the same amount as today?
oisilener1982
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August 22, 2017, 01:46:23 PM
 #4

Slow Death for MIners

Metropolis will increase the difficulty but I believe it should push the Price of ETH up a little because of fewer supplies of ETH
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August 22, 2017, 08:36:16 PM
 #5

You can expect the difficulty bomb to get ~30% worse on August 24th along with increasing block times and another difficulty ramp up on September 24th until the Metropolis release is pushed out, where the block times will go back to 15 seconds along with a reduction in the block reward to ~3 ETH.

After that, when Metropolis will be active, will we probably earn the same amount as today?

No you won't make the same amount of US dollars as today because every month there are 1 million GPUs that start mining ETH and increase the difficulty.

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sevenmiles
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August 22, 2017, 08:40:28 PM
 #6

https://steemit.com/ethereum/@joshbreslauer/ethereum-metropolis-upgrade-in-late-september

In addition, the so-called Difficulty-Bomb is actually delayed and will be part of the 2nd Hardfork of Metropolis.
The Difficulty Bomb should cause an expanding difficulty in ethereum's mining.
It is an intermediate step for the gradual replacement from proof-of-work to proof-of-stake.
This is the so called Ethereum "Ice Age".
But for the next Metropolis HF in September 2017 this should be delayed to the 2nd part and replaced by a simple Block Reward reducement from 5 to 3 ether per block.

derbien
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August 22, 2017, 08:44:12 PM
 #7

Here is another opinion on the consequences for miners
https://www.reddit.com/r/EtherMining/comments/6t56a0/important_information_from_todays_ethereum_dev/
HashZilla
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August 23, 2017, 02:56:50 AM
 #8



AMD is going to both try to reduce the selling price and increase supply of RX Vega, as well as increase the supply of RX 500 cards.  Combine this with the artificial difficulty increases in August and September, and I predict a GPU Glut.  Miners will not buy new cards.

New or used, prices are going down.  And since the cost of equipment is going down, mining is easier and crypto-mining profits will decrease.

https://www.pcgamesn.com/amd/amd-rx-vega-launch-price-reduction

It could be a bloodbath.  Wear a helmet.

MATHReX
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August 23, 2017, 05:07:46 AM
 #9

Well, if RX 5XX series drop back to their original cost when they released, like 180/200 USD or so, then we'll still see a lot of serious miners buying these cards and pointing them to ETH network. It wouldn't matter much if occasional miners sell their GPUs to more serious miners since there won't be new GPUs activating to the network, but if the price of ETH shoots up to maybe 700 or 800 USD, well we'll surely see another run for the mill GPU scene.

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Metroid
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August 25, 2017, 01:00:38 PM
 #10

Today was a huge jump in difficulty, 30%. So from now on you stupid miners are earning 30% less and that will increase again next month hehe
rdluffy
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August 25, 2017, 01:11:24 PM
 #11

Today was a huge jump in difficulty, 30%. So from now on you stupid miners are earning 30% less and that will increase again next month hehe

For a person who thinks miners are stupid, you are ver worried and you knows everything about difficulty and mining world in general lol

Leave this section (and you forget about the suicide)
hyet24
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August 25, 2017, 01:23:52 PM
 #12

Supply and demand will take in effect.  Miners will turn to uppercutting price to resume profit.  Oh wait that will never happen.
oisilener1982
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August 25, 2017, 01:50:31 PM
 #13

Please let us experience SUDDEN death Vitalik Buterin
We hate experiencing Slow Death for Miners
eckmar
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August 25, 2017, 01:57:50 PM
 #14

It'll be interesting to see what other coin can handle ETH's difficulty when miners start to switch. If there is no viable alternative at least we will see a lot of cheap GPUs  Grin  Grin

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August 25, 2017, 02:04:11 PM
 #15

For a person who thinks miners are stupid, you are ver worried and you knows everything about difficulty and mining world in general lol

Leave this section (and you forget about the suicide)

Traders like me who has been since 2009 know more than all you trolls combined hehe
rdluffy
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August 25, 2017, 02:14:03 PM
 #16

For a person who thinks miners are stupid, you are ver worried and you knows everything about difficulty and mining world in general lol

Leave this section (and you forget about the suicide)

Traders like me who has been since 2009 know more than all you trolls combined hehe

OMG you are so good dude, you know everything, congratulations!
oisilener1982
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August 26, 2017, 11:59:24 AM
 #17

Metropolis might not be in full effect this Last week of Sept

2nd update would be almost like death to Miners
Quickdart
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August 26, 2017, 01:14:38 PM
 #18

Metropolis might not be in full effect this Last week of Sept

2nd update would be almost like death to Miners

We can mine ETC then.
oisilener1982
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August 26, 2017, 02:35:44 PM
 #19

Metropolis might not be in full effect this Last week of Sept

2nd update would be almost like death to Miners

We can mine ETC then.

ETC is not as profitable as ETH. Even Zcash is not as profitable

Signatum before the halving is more profitable than ETH but i believe it is dying now
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August 26, 2017, 03:31:29 PM
 #20

For a person who thinks miners are stupid, you are ver worried and you knows everything about difficulty and mining world in general lol

Leave this section (and you forget about the suicide)

Traders like me who has been since 2009 know more than all you trolls combined hehe

There is a very good quote for people like you from Thomas Sowell.

ETH: 0x45CafaEa032db8f1966108d54aa7a9b6189D5ed1
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