Crazy jump in ethereum difficulty in the past 12 hours 08/25/2017 another "Dbomb

[xxcsu]

Crazy jump in ethereum difficulty in the past 12 hours , another difficulty bomb exploded   , no its not ASIC

Detailed info about Ethereum Difficulty Bomb here

"In the end, the Ethereum difficulty bomb is quite an interesting way to set a development deadline for the switch to proof-of-stake. It sounds a lot more dangerous than it really is, since the development team has all of their ducks in a row. Moreover, the difficulty bomb will “force” the entire ecosystem to move over whatever the Ethereum ecosystem turns into after the next hard fork. Otherwise, users would be stuck with a blockchain that will not grow much longer once the mining difficulty spikes to unmanageable heights."

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[Vann]

The block times also went up. That should be the last ICE AGE difficulty adjustment before they push the next fork on September 17th, when the block times will go back to 15 seconds and the difficulty will go back to being predicated on the network hash rate. At the same time the block reward will also be reduced to ~3 ETH.

[AS10]

The block times also went up. That should be the last ICE AGE difficulty adjustment before they push the next fork on September 17th, when the block times will go back to 15 seconds and the difficulty will go back to being predicated on the network hash rate. At the same time the block reward will also be reduced to ~3 ETH.

So it means it will go back to normal after next fork?

[Vann]

The block times also went up. That should be the last ICE AGE difficulty adjustment before they push the next fork on September 17th, when the block times will go back to 15 seconds and the difficulty will go back to being predicated on the network hash rate. At the same time the block reward will also be reduced to ~3 ETH.

So it means it will go back to normal after next fork?

If by normal, you mean before the artificial ICE AGE effects that began in May to prepare for the switch to POS in the Casper release that has been postponed, then yes. The difference from before May is after the September fork, the block reward will be ~3 ETH instead of 5. There is also a second fork planned for November this year, but that should not have many consequences for miners. The switch to POS is also more than a year away.

[AS10]

The block times also went up. That should be the last ICE AGE difficulty adjustment before they push the next fork on September 17th, when the block times will go back to 15 seconds and the difficulty will go back to being predicated on the network hash rate. At the same time the block reward will also be reduced to ~3 ETH.

So it means it will go back to normal after next fork?

If by normal, you mean before the artificial ICE AGE effects that began in May to prepare for the switch to POS in the Casper release that has been postponed, then yes. The difference from before May is after the September fork, the block reward will be ~3 ETH instead of 5. There is also a second fork planned for November this year, but that should not have many consequences for miners. The switch to POS is also more than a year away.

Thanks

[bathrobehero]

The difficulty bomb still only increases the difficulty by 0.051%. That's nothing. (source)


Block times did went up though: https://etherchain.org/charts/blockTime

[soothaa]

" once the mining difficulty spikes to unmanageable heights." that's a load of crap. My very modest mining setup has had no issues mining at all and still brings in plenty of income to keep me mining ETH. The only thing that is going to kill mining ETH is them killing mining ETH. BTC is still 100% PoW and people still mine it exclusively.

[coinzoid]

Can we say upcoming (scheduled) forks/releases will increase block time values too? In that case, one should also expect price increase under normal conditions.

[Vann]

The difficulty bomb still only increases the difficulty by 0.051%. That's nothing. (source)


Block times did went up though: https://etherchain.org/charts/blockTime

A chart can show you anything you want it to. That chart shows the "impact" (what ever that means) of the ICE AGE difficulty, not the actual change in difficulty caused by the difficulty bomb, which is what the OP chart shows. The change in network difficulty from the difficulty bomb yesterday caused the actual difficulty to go from ~1.75 TH to ~2.25 TH or a ~28% increase in block difficulty.

[Vann]

Can we say upcoming (scheduled) forks/releases will increase block time values too? In that case, one should also expect price increase under normal conditions.

The fork that will undue all the ICE Age difficulty changes and bring the block times back to 15 seconds is planned for September 17th, before the next programmed ICE AGE changes scheduled to happen on September 24th.

[AS10]

Can we say upcoming (scheduled) forks/releases will increase block time values too? In that case, one should also expect price increase under normal conditions.

The fork that will undue all the ICE Age difficulty changes and bring the block times back to 15 seconds is planned for September 17th, before the next programmed ICE AGE changes scheduled to happen on September 24th.

What changes scheduled to happen on September 24th? will effect to miners?

[faith_]

Is there a method to predict a post difficulty after 17th Sept?
Thanks

[Vann]

Can we say upcoming (scheduled) forks/releases will increase block time values too? In that case, one should also expect price increase under normal conditions.

The fork that will undue all the ICE Age difficulty changes and bring the block times back to 15 seconds is planned for September 17th, before the next programmed ICE AGE changes scheduled to happen on September 24th.

What changes scheduled to happen on September 24th? will effect to miners?

If the next fork is not pushed before then, another programmed difficulty bomb and block time increase will happen on September 24th.

https://www.youtube.com/watch?v=R_943As7WMg&feature=youtu.be&t=341

There was another dev meeting today. Updates to follow.

https://www.youtube.com/watch?v=PQjeAZyL2_w

[frankbuse]

Is there a method to predict a post difficulty after 17th Sept?
Thanks

I would also like to know I went from 1.3 to 0.97 eth a month since yesterday.

[Vann]

Can we say upcoming (scheduled) forks/releases will increase block time values too? In that case, one should also expect price increase under normal conditions.

The fork that will undue all the ICE Age difficulty changes and bring the block times back to 15 seconds is planned for September 17th, before the next programmed ICE AGE changes scheduled to happen on September 24th.

What changes scheduled to happen on September 24th? will effect to miners?

If the next fork is not pushed before then, another programmed difficulty bomb and block time increase will happen on September 24th.

https://www.youtube.com/watch?v=R_943As7WMg&feature=youtu.be&t=341

There was another dev meeting today. Updates to follow.

https://www.youtube.com/watch?v=PQjeAZyL2_w

At the ETH dev meetting yesterday it was stated the earliest the fork would happen is September 22nd and the latest would be October 27th. So it looks like the next ICE AGE difficulty adjustments and block time increases will still happen as programmed on Setember 24th.

https://www.youtube.com/watch?v=PQjeAZyL2_w&feature=youtu.be&t=3430

[tf2addict]

ETH mining is rapidly coming to an end.  Already there are better choices to mine.  Will be interesting to see what happens to global hash rates for ETH and what the impact on other coins is when all that hash power moves to them.

[ssdaytona]

it's absolutely crazy. I was only able to mine a few ETH with my rig. Once I mine a full ETH, I'm going to close ethminer and figure out which coin to mine.


any thoughts? nicehash?

[oisilener1982]

This is not the Difficulty Bomb. It is just because of too many Miners right now

Difficulty Bomb will come by End of Sept with the Metropolis update for ETH

[Pesovanid]

This is not the Difficulty Bomb. It is just because of too many Miners right now

Difficulty Bomb will come by End of Sept with the Metropolis update for ETH

I think it is the Difficulty Bomb as it comes out suddenly. the mining difficulty will rise gradually.

[xxcsu]

This is not the Difficulty Bomb. It is just because of too many Miners right now

Difficulty Bomb will come by End of Sept with the Metropolis update for ETH

You can call it difficulty adjustment or difficulty bomb ... but before you posting something like this "its not difficulty bomb or adjustment" , please do your own research about the object