ETH difficulty

[Teress]

Hi, on Novemer 16 I see the ETH difficulty dropped significantly. Will it drop again or it will rise hyperbolic like right now?
Thanks a lot for an answer.
Teress

[Metroid]

It was not in November, it was October 16 and no, it will not. It did because it lowered the reward to 3 eth, so in turn the profit was the same as when the difficulty was before the fork, now the profits halved again and soon eth will not be profitable unless eth rises in price again, eth difficulty is rising cause noobs are buying rx 580 for $800 for 5% return but soon will be 2% and then 0%.

[fluxy12]

Don't listen to Metroid, he is an depressive man who is around here (mining forum) to tell everyone that "soon mining will not be profitable" i think he just want new miners stop mining.

Just look at his posts

[Teress]

Don't listen to Metroid, he is an depressive man who is around here (mining forum) to tell everyone that "soon mining will not be profitable" i think he just want new miners stop mining.

Just look at his posts

Well I am not deffinatelly new miner )) My question was, will the difficulty drop again and answer was no. Clear. So how is that "difficulty bomb"? What is that exactly? I thought it is some kind of correction to difficulty to be not so high to allow still miners to mine. Or?

[Metroid]

The next change will likely be hybrid pos and pow and nothing will change about difficulty. So this is it, the end of mining eth is closer.

[Teress]

The next change will likely be hybrid pos and pow and nothing will change about difficulty. So this is it, the end of mining eth is closer.

Well the end of ETH mining will not be the end of the world. What do you think it will do to the price of ETH when mining will not be possible anymore?

[Metroid]

In the end is supply and demand and eth pos will offer from 3 to 15% return to you from just holding your eth, I guess it will be crazy as eth is the only secure cryptocoin 2.0 good enough for smart contracts, which means, whales will fight to buy eth, I expect eth price to increase a lot and will surpass btc marketcap by a huge margin. I say eth will hit $8k - $16k and if you think much that will be only 8 to 16 times the price now, in crypto that is nothing. I mean think about, mining gives 10%, imagine if pos gives 10% per month by doing nothing at all. Banks rarely gives 0.5% per month.

[clems]

In the end is supply and demand and eth pos will offer from 3 to 15% return to you from just holding your eth, I guess it will be crazy as eth is the only secure cryptocoin 2.0 good enough for smart contracts, which means, whales will fight to buy eth, I expect eth price to increase a lot and will surpass btc marketcap by a huge margin. I say eth will hit $8k - $16k and if you think much that will be only 8 to 16 times the price now, in crypto that is nothing. I mean think about, mining gives 10%, imagine if pos gives 10% per month by doing nothing at all. Banks rarely gives 0.5% per month.

Plus 100% POS gonna not arrive soon. It gonna take times to fully POS ETH.

[adaseb]

In the end is supply and demand and eth pos will offer from 3 to 15% return to you from just holding your eth, I guess it will be crazy as eth is the only secure cryptocoin 2.0 good enough for smart contracts, which means, whales will fight to buy eth, I expect eth price to increase a lot and will surpass btc marketcap by a huge margin. I say eth will hit $8k - $16k and if you think much that will be only 8 to 16 times the price now, in crypto that is nothing. I mean think about, mining gives 10%, imagine if pos gives 10% per month by doing nothing at all. Banks rarely gives 0.5% per month.

ETH will never surpass BTC. It just won't happen.

The reasons why are clear.

Its too centralized. Its way too buggy. Its not on CME/CBOE. Rootstock and LN will render it useless.

[dauwaz]

ETH has now reached $ 1000. ETH will increase this time around this year because it uses bolckchain 2.0 which has many advantages over blockchain 1.0 of BTC. In the future I think ETH will pass the BTC to TOP 1 for trading transactions between currencies because ETH has a very fast transaction processing rate and much lower fees than BTC

[Metroid]

ETH will never surpass BTC. It just won't happen.

The reasons why are clear.

Its too centralized. Its way too buggy. Its not on CME/CBOE. Rootstock and LN will render it useless.

I believe a lot more on eth devs than bitcoin core devs and that is enough for me to bet on eth alone and plus pow will always hunt bitcoin and bitcoin is old and decrypt, the only good thing about bitcoin is its name, its perfect but that is about it.

BTC right now just had another dip, soon eth will surpass its marketcap and in future if it holds then price per coin.

[adaseb]

ETH will never surpass BTC. It just won't happen.

The reasons why are clear.

Its too centralized. Its way too buggy. Its not on CME/CBOE. Rootstock and LN will render it useless.

I believe a lot more on eth devs than bitcoin core devs and that is enough for me to bet on eth alone and plus pow will always hunt bitcoin and bitcoin is old and decrypt, the only good thing about bitcoin is its name, its perfect but that is about it.

Yeah ETH does have very smart devs. Maybe even better than Bitcoin Core devs.

Problem is its way too centralized. If it wasn't centralized there would be no Ethereum Classic.

Centralization is something we are trying to get away from.

[Metroid]

Well they had the power to revert the DAO hack, I do understand what you are saying but that is a way to saying to hackers " hey, you cant mess with our network". Nothing centralized is good if the power is used for personal gains. By the way I do not support centralized things but I believe there will be a time when eth will be 100% decentralized, just not yet.

[borya2002]

btc centralized chine mining
eth mining to the world

[posi]

In the world of crypto currency anything can happen in the future when there is high traffic or malicious attack. Although, Ethereum dev are knew for no possibility of downtime and they are working simultaneously in other to update their network/devices.

[jillscarbrough]

Well I am not deffinatelly new miner )) My question was, will the difficulty drop again and answer was no. Clear. So how is that "difficulty bomb"? What is that exactly? I thought it is some kind of correction to difficulty to be not so high to allow still miners to mine. Or?

I think every miner has calculations for the coins to be mined. for the ET case, although the ETH diff increases. I think the price of ETH coins is most stable among other altcoins. and tend to rise in price. so I still mining ETH. (just my opinion)

[MATTX]

What are blockchains 1 and 2 ?
Mine DERO: cryptonote(monero) and smart contracts(ethereum).
https://bitcointalk.org/index.php?topic=2525508

[fluxy12]

For the Eth POS question, imagine you were the f*cking Vitalik. You have the best potential crypto, it works very good at the moment, it is still growing every day with miners more and more numerous. Will you take the risk to destroy all that hype by introducing a totaly new system ? No, i think you would wait to be really obliged to introduce it (it can be because of too big fees or mining gpus providers that stop selling to miners for exemple). The solution for him is to tell everyone in the world that he is working on the new POS and he is prepared to launch it in case of gpu mining big change, but why the f*ck will he take the risk to do it with all the unknown variables ? He will not do it soon that's for sure in my mind.

[Singwala]

The fall of the ethereum is in October-December 2017. Half the price drops at those times. And now that the price of ETH increases again it can happen again. But I think today it will continue to increase but there will still be a slight decline.

[xxcsu]

So how is that "difficulty bomb"? What is that exactly? I thought it is some kind of correction to difficulty to be not so high to allow still miners to mine. Or?

For better understanding there is a article for you to read about ETH difficulty bomb :
What is the Ethereum Difficulty Bomb?

There is a few more topic about ETH difficulty :
Crazy jump in ethereum difficulty in the past 12 hours 08/25/2017 another "Dbomb
Why did Ethereum difficulty spike recently?