Crazy jump in ethereum difficulty in the past 12 hours 08/25/2017 another "Dbomb

Chan8

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Quote from: spreewel on October 17, 2017, 02:27:14 PM

But something happen according to what to mine, it is not so good as 12h before, do you have idea?

Nope nothing happened. After the Byzantium fork, i think calculators was still calculating 5 eth rewards per block instead of 3 eth reward per block. I also got excited when i seen the major jump in estimated profitability. Joke on me though, now the calculator will give you a more accurate earning.

spreewel

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But something happen according to what to mine, it is not so good as 12h before, do you have idea?

tf2addict

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ETH mining is more profitable now than it's been for awhile. And the difficulty bomb is postponed for over a year!

Yeah block reward was cut from 5 to 3 but block time is now 15 seconds instead of 30. Win win.

spreewel

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I think it is fact now, 3ETH per block, 15 sec block time around 1500T difficulty.

xxcsu

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NO one know for sure

Xander2

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Any rough dates as to when ETH will switch to POS?

frankbuse

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I just switched to ETC mining, because of diff. Etc is more profitable now for rx580 setup...
ETC development is working on Pos but no time soon, so mining will be profitable for long periode.
ETC development is picking up, I heard 3 teams working their ass off at the moment and I expect a few announcements soon also logowise

Eth diff seems to go down a bit now at 2100 though from peak 2300 if it goes down to 2000 I am switching back to Eth.... But I don't think that's ever gonna happen.

Remember ETC was max at 40% of price ETH and is now only 5% so we have good things coming our way...

xxcsu

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Quote from: oisilener1982 on August 26, 2017, 10:37:56 PM

This is not the Difficulty Bomb. It is just because of too many Miners right now

Difficulty Bomb will come by End of Sept with the Metropolis update for ETH

You can call it difficulty adjustment or difficulty bomb ... but before you posting something like this "its not difficulty bomb or adjustment" , please do your own research about the object

Pesovanid

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Quote from: oisilener1982 on August 26, 2017, 10:37:56 PM

This is not the Difficulty Bomb. It is just because of too many Miners right now

Difficulty Bomb will come by End of Sept with the Metropolis update for ETH

I think it is the Difficulty Bomb as it comes out suddenly. the mining difficulty will rise gradually.

oisilener1982

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This is not the Difficulty Bomb. It is just because of too many Miners right now

Difficulty Bomb will come by End of Sept with the Metropolis update for ETH

ssdaytona

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it's absolutely crazy. I was only able to mine a few ETH with my rig. Once I mine a full ETH, I'm going to close ethminer and figure out which coin to mine.

any thoughts? nicehash?

tf2addict

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ETH mining is rapidly coming to an end. Already there are better choices to mine. Will be interesting to see what happens to global hash rates for ETH and what the impact on other coins is when all that hash power moves to them.

Vann

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Quote from: Vann on August 25, 2017, 01:19:57 PM

Quote from: AS10 on August 25, 2017, 01:06:27 PM

Quote from: Vann on August 25, 2017, 12:52:30 PM

Quote from: coinzoid on August 25, 2017, 12:39:39 PM

Can we say upcoming (scheduled) forks/releases will increase block time values too? In that case, one should also expect price increase under normal conditions.

The fork that will undue all the ICE Age difficulty changes and bring the block times back to 15 seconds is planned for September 17th, before the next programmed ICE AGE changes scheduled to happen on September 24th.

What changes scheduled to happen on September 24th? will effect to miners?

If the next fork is not pushed before then, another programmed difficulty bomb and block time increase will happen on September 24th.

https://www.youtube.com/watch?v=R_943As7WMg&feature=youtu.be&t=341

There was another dev meeting today. Updates to follow.

https://www.youtube.com/watch?v=PQjeAZyL2_w

At the ETH dev meetting yesterday it was stated the earliest the fork would happen is September 22nd and the latest would be October 27th. So it looks like the next ICE AGE difficulty adjustments and block time increases will still happen as programmed on Setember 24th.

https://www.youtube.com/watch?v=PQjeAZyL2_w&feature=youtu.be&t=3430

frankbuse

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Quote from: faith_ on August 25, 2017, 01:08:20 PM

Is there a method to predict a post difficulty after 17th Sept?
Thanks

I would also like to know I went from 1.3 to 0.97 eth a month since yesterday.

Vann

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Quote from: AS10 on August 25, 2017, 01:06:27 PM

Quote from: Vann on August 25, 2017, 12:52:30 PM

Quote from: coinzoid on August 25, 2017, 12:39:39 PM

Can we say upcoming (scheduled) forks/releases will increase block time values too? In that case, one should also expect price increase under normal conditions.

The fork that will undue all the ICE Age difficulty changes and bring the block times back to 15 seconds is planned for September 17th, before the next programmed ICE AGE changes scheduled to happen on September 24th.

What changes scheduled to happen on September 24th? will effect to miners?

If the next fork is not pushed before then, another programmed difficulty bomb and block time increase will happen on September 24th.

https://www.youtube.com/watch?v=R_943As7WMg&feature=youtu.be&t=341

There was another dev meeting today. Updates to follow.

https://www.youtube.com/watch?v=PQjeAZyL2_w

faith_

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Is there a method to predict a post difficulty after 17th Sept?
Thanks

AS10

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Quote from: Vann on August 25, 2017, 12:52:30 PM

Quote from: coinzoid on August 25, 2017, 12:39:39 PM

Can we say upcoming (scheduled) forks/releases will increase block time values too? In that case, one should also expect price increase under normal conditions.

The fork that will undue all the ICE Age difficulty changes and bring the block times back to 15 seconds is planned for September 17th, before the next programmed ICE AGE changes scheduled to happen on September 24th.

What changes scheduled to happen on September 24th? will effect to miners?

Vann

hero member

Activity: 1036

Merit: 606

Quote from: coinzoid on August 25, 2017, 12:39:39 PM

Can we say upcoming (scheduled) forks/releases will increase block time values too? In that case, one should also expect price increase under normal conditions.

The fork that will undue all the ICE Age difficulty changes and bring the block times back to 15 seconds is planned for September 17th, before the next programmed ICE AGE changes scheduled to happen on September 24th.

Vann

hero member

Activity: 1036

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Quote from: bathrobehero on 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

A chart can show you anything you want it to. That chart shows the "impact" (what ever that means) of the ICE AGE difficulty, not the actual change in difficulty caused by the difficulty bomb, which is what the OP chart shows. The change in network difficulty from the difficulty bomb yesterday caused the actual difficulty to go from ~1.75 TH to ~2.25 TH or a ~28% increase in block difficulty.

coinzoid

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Can we say upcoming (scheduled) forks/releases will increase block time values too? In that case, one should also expect price increase under normal conditions.

soothaa

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" 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.

bathrobehero

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ICO? Not even once.

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

AS10

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Quote from: Vann on August 25, 2017, 10:43:05 AM

Quote from: AS10 on August 25, 2017, 10:38:44 AM

Quote from: Vann on 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.

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.

Thanks

Vann

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Activity: 1036

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Quote from: AS10 on August 25, 2017, 10:38:44 AM

Quote from: Vann on 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.

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.

AS10

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Quote from: Vann on 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.

So it means it will go back to normal after next fork?

Vann

hero member

Activity: 1036

Merit: 606

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.

xxcsu

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Activity: 1498

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Crazy jump in ethereum difficulty in the past 12 hours , another difficulty bomb exploded Angry

, 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."

Topic: Crazy jump in ethereum difficulty in the past 12 hours 08/25/2017 another "Dbomb (Read 3039 times)