MetaSk (OP)
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September 25, 2017, 11:13:48 AM |
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Three days ago I noticed a serious drop in my mining income and went to do some research. All I could find is this chart showing some huge jump in mining difficulty which explains reduced income. https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chartInitially, I thought that it was connected with the rise of $ but that doesn't cover it. Does anyone know why did the difficulty increase so much? When is the block time increase happening?
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rdluffy
Legendary
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September 25, 2017, 11:36:16 AM |
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Hey, really? Difficulty bomb
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MetaSk (OP)
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September 25, 2017, 11:38:41 AM |
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Hey, really? Difficulty bomb
very nice and detailed explanation...not!
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rdluffy
Legendary
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Activity: 2366
Merit: 1408
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September 25, 2017, 12:59:11 PM |
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Hey, really? Difficulty bomb
very nice and detailed explanation...not! Hey, just put Difficulty bomb ETH on google Everyone already know about this, sorry if I don't have time to explain If you are mining, you have to be informed about this kind of stuff or you'll lose money
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| | . .Duelbits│SPORTS. | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | │ | | │ |
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khufuking
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September 25, 2017, 02:36:03 PM |
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I will try to explain it as simple as I can , Difficulty bomb is a way to increase the difficulty of mining at a point it will become impossible to keep up with it ( They call it Ice Age ) , Why they doing it ? It is because when casper get implemented ( POS ) there gonna be hard fork and that Ice Age era will prevent people from staying in the original ETH network so basically it is to force people to adopt POS ( casper ) . This is just the simple way to explain it it might not be accurate in term of tech. You should read about it your self ( Google search real easy ! ) if you want things in details !
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Blogster
Newbie
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Activity: 9
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September 25, 2017, 02:52:05 PM |
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Hey, really? Difficulty bomb
very nice and detailed explanation...not! Hey, just put Difficulty bomb ETH on google Everyone already know about this, sorry if I don't have time to explain If you are mining, you have to be informed about this kind of stuff or you'll lose money +1
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Ayers
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Activity: 2758
Merit: 1024
Vave.com - Crypto Casino
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September 25, 2017, 03:36:35 PM |
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Hey, really? Difficulty bomb
very nice and detailed explanation...not! it's because ETH was programmed with a diff that increase no matter the hashrate, this will make almost impossible to mine in the future and prepare ETH for pos
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MetaSk (OP)
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September 25, 2017, 04:31:21 PM |
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Xander2
Newbie
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September 25, 2017, 05:29:14 PM |
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Thank you as well, very good reads.
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GabryRox
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September 25, 2017, 05:44:52 PM |
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i get the difficulty bombs... don't like it, but get it lol. However, can someone elaborate on the Reward Halving issue? I thought it was announced 1-2 months ago that this would go into effect on either 10/1 or 11/1... cant remember exactly and can't find anything via google or on the ETH forums. Did Buterin decide to go the difficulty bomb route in lieu of halving, or are both going to be implemented.
I have continues to mine ETH over the past month+ even though it hasn't been the most profitable, mainly because I believe in it's future and want to gather as many as possible before it completely drops off. If the halving will still go into effect, that will truly be the end, at least for mining ETH.
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dave4925
Member
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Activity: 134
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September 26, 2017, 05:17:43 AM |
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well, you can always mine another coin and then trade for bitcoin, then buy eth with the bitcoin.
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1BTcdaveJEX8SrLb62YSLY7r3W9P8XQYBN
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sexycoin69
Full Member
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Hoqu.io – Decentralized Affiliate platform
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September 26, 2017, 05:19:38 AM |
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well, you can always mine another coin and then trade for bitcoin, then buy eth with the bitcoin.
^ This. Mine for money not coin. Buy whatever you want
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preda
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September 26, 2017, 07:19:03 AM |
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yes the difficulty has gone boom cause the next hardfork which will make eth pos coin and people are mining most possible ethereum for have a good bag and keep it in their wallets when pos will be started! so i left eth and i have gone mining ethereum classic now is cheap but the price will rise to 20 usd so you will double and you will buy eth better!!
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MetaSk (OP)
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September 26, 2017, 07:28:37 AM |
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yes the difficulty has gone boom cause the next hardfork which will make eth pos coin and people are mining most possible ethereum for have a good bag and keep it in their wallets when pos will be started! so i left eth and i have gone mining ethereum classic now is cheap but the price will rise to 20 usd so you will double and you will buy eth better!! I'm also hoping for a price rise on ETC once ETH goes POS. Plan to start mining it soon
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Jeffreyforce
Member
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Activity: 93
Merit: 10
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September 26, 2017, 08:14:43 AM |
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mining difficulty goes higher as the hash power goes high too. therefore the more the miner, higher difficulty. eth mining difficulty spikes because of the sudden increase of numbers of gpu miners.This is very usual to happen, and won't be the last time. It was not the first either...
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car1999
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September 26, 2017, 08:20:12 AM |
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yes the difficulty has gone boom cause the next hardfork which will make eth pos coin and people are mining most possible ethereum for have a good bag and keep it in their wallets when pos will be started! so i left eth and i have gone mining ethereum classic now is cheap but the price will rise to 20 usd so you will double and you will buy eth better!! I'm also hoping for a price rise on ETC once ETH goes POS. Plan to start mining it soon good idea, i'm going to mine ETC and ZEC.
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kodokbuduk
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September 27, 2017, 03:01:07 PM |
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yes the difficulty has gone boom cause the next hardfork which will make eth pos coin and people are mining most possible ethereum for have a good bag and keep it in their wallets when pos will be started! so i left eth and i have gone mining ethereum classic now is cheap but the price will rise to 20 usd so you will double and you will buy eth better!! I'm also hoping for a price rise on ETC once ETH goes POS. Plan to start mining it soon How you mine ETC,using ethos
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MetaSk (OP)
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September 27, 2017, 03:07:31 PM |
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I use Simplemining OS to manage my rigs. It's easy to use and works well, the only recommendation is that you are close to your rig when doing manual restarts. My nVidia rig got stuck few times when I was testing different coins and miners
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