xxcsu (OP)
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August 25, 2017, 03:15:15 PM Last edit: September 25, 2017, 07:13:48 PM by xxcsu |
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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
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August 25, 2017, 03:24:58 PM Last edit: August 25, 2017, 03:35:04 PM by Vann |
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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.
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AS10
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August 25, 2017, 03:38:44 PM |
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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?
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Vann
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August 25, 2017, 03:43:05 PM |
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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.
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AS10
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August 25, 2017, 04:18:43 PM |
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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
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bathrobehero
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ICO? Not even once.
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August 25, 2017, 05:23:27 PM |
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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
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Not your keys, not your coins!
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soothaa
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August 25, 2017, 05:38:51 PM |
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" 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.
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coinzoid
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August 25, 2017, 05:39:39 PM |
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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.
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Vann
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August 25, 2017, 05:47:00 PM |
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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.
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Vann
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August 25, 2017, 05:52:30 PM |
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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.
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AS10
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August 25, 2017, 06:06:27 PM |
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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?
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| | | Fast, Secure, and Fully
Decentralized Trading | BACKED BY: ─────────────────────────
| BINANCE ─────── LAB | & | █████████████████████████████████ █ ███ █▀ ▀█ ███▀▀▀▀▀████████ ████▀▀███▀ █ █ █████ ▄▄▄▄▄ █ ▀ █ ███ █ ██ █▄ ▀█ ██ █ ▄███ ██████ ███ █████ █ ██ ███ █ ████ ████ ▄ ███ █▄ ▄█▄ ▄█▄ ▀ ████▄ ▄█ ██ ██ ████████████████████████████████████████ |
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faith_
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August 25, 2017, 06:08:20 PM |
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Is there a method to predict a post difficulty after 17th Sept? Thanks
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Vann
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August 25, 2017, 06:19:57 PM |
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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=341There was another dev meeting today. Updates to follow. https://www.youtube.com/watch?v=PQjeAZyL2_w
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frankbuse
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August 26, 2017, 09:45:32 AM |
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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.
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Vann
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August 26, 2017, 10:17:58 AM |
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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=341There was another dev meeting today. Updates to follow. https://www.youtube.com/watch?v=PQjeAZyL2_wAt 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
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tf2addict
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August 27, 2017, 12:43:46 AM |
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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.
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ssdaytona
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August 27, 2017, 02:28:51 AM |
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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?
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oisilener1982
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August 27, 2017, 03:37:56 AM |
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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
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Pesovanid
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August 27, 2017, 07:50:19 AM |
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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.
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xxcsu (OP)
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August 28, 2017, 10:59:50 AM |
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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
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