Topic: Crazy jump in ethereum difficulty in the past 12 hours 08/25/2017 another "Dbomb - page 2. (Read 3032 times)
August 25, 2017, 12:38:51 PM
" 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.
August 25, 2017, 12:23:27 PM
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
Block times did went up though: https://etherchain.org/charts/blockTime
August 25, 2017, 11:18:43 AM
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.
August 25, 2017, 10:43:05 AM
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.
August 25, 2017, 10:38:44 AM
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? August 25, 2017, 10:24:58 AM
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.
August 25, 2017, 10:15:15 AM
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."
, no its not ASICDetailed 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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