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Author Topic: Ethereum mining difficult down a LOT  (Read 1285 times)
paxmao
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October 21, 2017, 12:34:26 AM
 #1

https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

What happened? Is simply a consequence of the fork or is there something I am missing?

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October 21, 2017, 03:40:59 AM
 #2

https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

What happened? Is simply a consequence of the fork or is there something I am missing?

Its obviously the effect of the fork, we will still enjoy ETH pow for a year at least.

https://www.coindesk.com/ethereum-executes-blockchain-hard-fork-byzantium/

https://www.cryptocoinsnews.com/byzantium-hard-fork-activates-ethereum-network/

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paxmao
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October 21, 2017, 09:48:15 AM
 #3

https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

What happened? Is simply a consequence of the fork or is there something I am missing?

Its obviously the effect of the fork, we will still enjoy ETH pow for a year at least.

https[Suspicious link removed]cutes-blockchain-hard-fork-byzantium/

https://www.cryptocoinsnews.com/byzantium-hard-fork-activates-ethereum-network/


I understood that issue rate was going to be lowered, but actually seems a bit better for miners???

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October 21, 2017, 10:05:07 AM
 #4


I understood that issue rate was going to be lowered, but actually seems a bit better for miners???

profit wise, nothing changed.

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October 21, 2017, 10:06:19 AM
 #5

https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

What happened? Is simply a consequence of the fork or is there something I am missing?

As block segregation is gonna happen on ethereum this time along with the hard fork. We have to wait till the upcoming fork happening day. After that bitcoin and ethreum cost will move again to flight. Whenever the hard fork or halving implementing, that time dump is usually happen.

Don't bother about the difficulty chart bump in the graph. If you fear sell it out. You will surely loose your profit and amount you saved or bought for it.

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October 21, 2017, 10:15:14 AM
 #6

Block times also went down by more than 50% from >30 seconds to <14 seconds. Before the Byzantium fork ~10 ETH/min were issued, now ~12+ ETH/min.

I would not be surprised to see a hybrid POW/POS implementation sooner than people think. In the last Ethereum developer meeting it was discussed preparation for the POW/POS implementation is at a point where it could be released in the next hard fork, Constantinople, which should be within 6-9 months.

https://www.youtube.com/watch?v=ZN-AtGgtmtA&feature=youtu.be&t=2297



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October 21, 2017, 10:29:22 AM
 #7

It's the result of Byz fork. Block time 30s -> 14s and block rewards 5ETH -> 3ETH.
It made 15%-20% increase in ethereum mining profit.

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October 21, 2017, 11:37:21 AM
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It's because of the fork. At the day of the fork when the difficulty lowered itself I nearly doubled my ETH income but later that day the reward was lowered from 5 to 3eth per block. It still made a positive uptrend towards ETH/month ratio by 15%. And right now as ETH price is driven down thanks to the Bitcoin Gold, our ETH profits still increase. This is the season to mine ETH!
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October 21, 2017, 12:16:40 PM
 #9

https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

What happened? Is simply a consequence of the fork or is there something I am missing?

As block segregation is gonna happen on ethereum this time along with the hard fork. We have to wait till the upcoming fork happening day. After that bitcoin and ethreum cost will move again to flight. Whenever the hard fork or halving implementing, that time dump is usually happen.

Don't bother about the difficulty chart bump in the graph. If you fear sell it out. You will surely loose your profit and amount you saved or bought for it.

Do you think that there will be dumping?

I do not fear much, I believe in crypto long term and along with mining I also invest. I do not know what effect will have PoS on Ethereum ... either is cheap to produce and therefore price lowers OR there is more demand as the network fees are lower and the price increases.

It is unclear to me frankly... any hint?

paxmao
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October 21, 2017, 12:19:52 PM
 #10

It's because of the fork. At the day of the fork when the difficulty lowered itself I nearly doubled my ETH income but later that day the reward was lowered from 5 to 3eth per block. It still made a positive uptrend towards ETH/month ratio by 15%. And right now as ETH price is driven down thanks to the Bitcoin Gold, our ETH profits still increase. This is the season to mine ETH!

Thanks for the clarity. I think bitcoin gold may have effect on Ethereum, but I think the Eth project at the moment has a strong community and some big whales behind.

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October 21, 2017, 02:52:32 PM
 #11

https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

What happened? Is simply a consequence of the fork or is there something I am missing?

As block segregation is gonna happen on ethereum this time along with the hard fork. We have to wait till the upcoming fork happening day. After that bitcoin and ethreum cost will move again to flight. Whenever the hard fork or halving implementing, that time dump is usually happen.

Don't bother about the difficulty chart bump in the graph. If you fear sell it out. You will surely loose your profit and amount you saved or bought for it.

Do you think that there will be dumping?

I do not fear much, I believe in crypto long term and along with mining I also invest. I do not know what effect will have PoS on Ethereum ... either is cheap to produce and therefore price lowers OR there is more demand as the network fees are lower and the price increases.

It is unclear to me frankly... any hint?

It may happen anything dude. Ethereum difficulty chart completely falls down in the graph. I don't know whether you checked it or not. Yesterday bitcoin's value bumped more and now it is settled around 6100 USD, but the Ethereum cost floats down to 287 USD in the chart. Henceforth, we cannot speculate the cost of ethereum until we see the real price at that time. You have to wait till upcoming fork day.

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October 21, 2017, 03:12:34 PM
 #12

It's the result of Byz fork. Block time 30s -> 14s and block rewards 5ETH -> 3ETH.
It made 15%-20% increase in ethereum mining profit.

Have I missing something?
I am mining also and seen increase. I was thinking that we'll get lower profit because block rewards will be 3 ETH instead of 5. But it seems to be better Smiley

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October 21, 2017, 03:13:06 PM
 #13

I'm not mining directly. I'm using the nicehash pool. I get there and immediately change Ethereum on bitcoin. So I don't follow the price of Ethereum. But I can say for sure that the income from mining in dollars does not change. The higher the price the less bitcoin mined coins but the result is not changed. Only in case if the price goes down we can lose income. In such periods it is better to exchange the coins for Fiat.

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October 25, 2017, 03:23:49 PM
 #14

https://www.coinwarz.com/difficulty-charts/ethereum-difficulty-chart

What happened? Is simply a consequence of the fork or is there something I am missing?

As block segregation is gonna happen on ethereum this time along with the hard fork. We have to wait till the upcoming fork happening day. After that bitcoin and ethreum cost will move again to flight. Whenever the hard fork or halving implementing, that time dump is usually happen.

Don't bother about the difficulty chart bump in the graph. If you fear sell it out. You will surely loose your profit and amount you saved or bought for it.

I do not need moral support nor preaching, just technical views. I would hire a professional for the former.

paxmao
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October 25, 2017, 03:28:05 PM
 #15


I understood that issue rate was going to be lowered, but actually seems a bit better for miners???

profit wise, nothing changed.

It has changed for the better, roughly 25% or so.

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October 25, 2017, 03:47:05 PM
 #16

As a result of the update on October 16, the block time was reduced by a factor of 2, which led to a doubling of the difficult.

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October 25, 2017, 03:48:43 PM
 #17

It's the result of Byz fork. Block time 30s -> 14s and block rewards 5ETH -> 3ETH.
It made 15%-20% increase in ethereum mining profit.

There is no increase in profit at all, you are blind to the truth.

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October 25, 2017, 04:01:05 PM
 #18

there is a minor increase in profit.
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October 25, 2017, 05:07:03 PM
 #19

Then why did the payout time on ethermine reduce by ~25% or so ?  I get .05 shares every 15 hours instead of the 20 before the fork.

It's the result of Byz fork. Block time 30s -> 14s and block rewards 5ETH -> 3ETH.
It made 15%-20% increase in ethereum mining profit.

There is no increase in profit at all, you are blind to the truth.
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October 25, 2017, 08:02:53 PM
 #20

Then why did the payout time on ethermine reduce by ~25% or so ?  I get .05 shares every 15 hours instead of the 20 before the fork.

It's the result of Byz fork. Block time 30s -> 14s and block rewards 5ETH -> 3ETH.
It made 15%-20% increase in ethereum mining profit.

There is no increase in profit at all, you are blind to the truth.

too many reasons for this, did you check your stale shares?
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