ETH reduction from 3 to 2 Eth...WHEN?

[pithenclacke]

The update will probably take place in the next month which means in October. And after that update another update of hard fork will take place after eight months. The difficulty bomb has been increased to 12 months which means mining difficulty will be increasing at a slower rate.

[1714829784]

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[CoinMarKetHW]

The constantinople hard fork takes place next month and another hard fork is scheduled eight months later. I think this is a very good news about cutting the reward and delaying the difficulty increase. I though the market will act bullishly towards this news but I was wrong.

[X-ray]

Hi guys,

I dont understand the timeline here. When is the reduction happen? They say that the difficulty bomb will be delayed by 12 months. Furthermore, they talk about 8 months on Constantinople....

Could somebody explain me briefly the timeline?

THanks

As far as i know that will come as soon as possible, the difficulty bomb is about to reduce the block reward of ethereum from 3 to the 0.6 ether for each block that has solved by miners. It's to supporting the POS update and difficulty bomb needs a lot of requirement and the next block reduce will come as soon as possible. keep calm dude.

[CripplesPlazma]

Some serious hard forks and updates happening next month. I hope the miners are still interested in Ethereum mining, otherwise it will have a great fall. Also the devs are thinking of restricting ASICs to mine ethereum which in my opinion is a bad decision.

[Aleshia696]

Although I know a little bit about this issue. But trying to know more about ETH reduction. You can try to know more about that reduction by the group that you are connected to. Hopefully you notify the cause soon.

[musta5a]

Hi guys,

I dont understand the timeline here. When is the reduction happen? They say that the difficulty bomb will be delayed by 12 months. Furthermore, they talk about 8 months on Constantinople....

Could somebody explain me briefly the timeline?

THanks

could you share more info on what is the reduction and constantinopole? This is the first time I'm hearing about it, would be nice to get some more information. Am really curious

[MilfordGannon]

It's seems that this difficulty bomb will make more difficult to mine ethereum and that's very bad news for miners and it will be demotivate many miners to mine it.

[crazybtclover]

As we know, ETH makes its commitments done, as studying the factbooks and ETH sustainability assumption. ThisETH reducing reward price to 2 ETH will make some of the miners disappointed who are newbies but the patient people will hold good with every aspect.

[salinaangel]

Vitalik's invisibility in this discussion just surprises me. He just has written some posts here and there but didn't come to any conclusion. That makes the question. But it is a very well planned decision we can say.

[farhiamunni]

This is indeed for the good. It's meant to make the supply in control. BTC reward and ETH reward ratio are nearly at 2.5. It's a huge difference. Reducing supply will make the market stable in an invisible way.

[samarabtc]

That's proposal is not more accepted by ethereum miners and it's effect badly on it. So that's not a good news for miners at all.

[mktpromp]

Ethereum made up a new proposal and that's include difficulty bomb for ethereum improvement but it can be felt bad effect on miners because of it's difficulty in mining.

[Dm.Stepanoff]

Mining Reward should reduced Because of a rising Ethereum price would benefit the miners. I think Mining Reward should be reduced from 3 to 2 ETH. It will be stop the loss of value of Ethereum.

ISO projects much more push the price of the airspace after the end of fees. and with such a decision, no one will even run the etherium

[Aleshia696]

There some time reduction happen that is not a problem it will be alright after some time. This time timeline takes a long time reduction but it will be solved hope so no need to be tensed.

[BTCdude007]

How will this affect the price of the Ethereum? Many experts say that price will rise, I do not understand why the price will rise.

[damsix]

If there is a reduction in supply from Etheruem and it's almost 30%, the price of Ethereum will increase.
The question is, how can you delete the Etehreum supply that is stored?
while all people have Etheruem in their respective wallets (because the price is expensive).

[btcCoincart]

This is a rumor around ethereum, I think it's just a FOMO way. If they want to reduce, the value will be the same. For instance, you hold 100E and it costs $20,000 total. If they decided to decrease ethereum amount, then your account balance is still $20,000. But you have only 50ETH left. In brief, you don't lose or gain any money on this process
Hope this will help you