The speed of the dificulty increase is a problem for the little miners like lot of us.
Not sur that the all the money invested in the lasts weeks can have enough return, even with a lot of months.
Topic: ETH Difficulty +11% in less than 24 hours. - page 7. (Read 12933 times)
With the Metropolis release these block times will be fixed back to 14 seconds however the Ethereum foundation devs are delaying the release as late as possible to control the supply.
Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
...
Difficulty up, price down.
Don't worry, we will soft fork the crap out of this and fix it 
Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Current block is 3,904,791, i wonder when ETH network will hit 4000000 and it looks like that after 2018, eth will be close to impossible to mine if things stay the same.
Just wait until all the new batches of cards arrive at stores. people will start buying them like crazy and the hashrate will go to space.
The current hashrate jump is probably because many gamers and people who own GPUs got into mining because it got to mainstream news recently.
The current hashrate jump is probably because many gamers and people who own GPUs got into mining because it got to mainstream news recently.
After reading through this thread it seems that none of you really have a clue what is going on. Wild accusations of ASIC miners are just silly. The price tripled, investors got excited and bought hardware, and now it is coming online. Its not all that complicated.
P.S. There is a moratorium on selling graphics cards in bulk right now as so many have been purchased the graphics card companies are unable to meet their retail demands to customers/partners. So in turn they have allocated all remaining stock to those partners and large mining firms are kind of SOL right now.
P.S. There is a moratorium on selling graphics cards in bulk right now as so many have been purchased the graphics card companies are unable to meet their retail demands to customers/partners. So in turn they have allocated all remaining stock to those partners and large mining firms are kind of SOL right now.
Do you have evidence about the moratorium? Or just speculation?
After reading through this thread it seems that none of you really have a clue what is going on. Wild accusations of ASIC miners are just silly. The price tripled, investors got excited and bought hardware, and now it is coming online. Its not all that complicated.
P.S. There is a moratorium on selling graphics cards in bulk right now as so many have been purchased the graphics card companies are unable to meet their retail demands to customers/partners. So in turn they have allocated all remaining stock to those partners and large mining firms are kind of SOL right now.
P.S. There is a moratorium on selling graphics cards in bulk right now as so many have been purchased the graphics card companies are unable to meet their retail demands to customers/partners. So in turn they have allocated all remaining stock to those partners and large mining firms are kind of SOL right now.
Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19
Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27
Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01
Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71
Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81
Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83
Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19
this ice-age?
The next ice age will be going from 17 seconds to almost 30 seconds, month of happening is 10527970065383.
Get ready trolls, very soon your return of investment calculated at 6 months will jump to 4 years hehe.
https://etherchain.org/charts/difficultyBomb
So how does this work exactly because it says 0.016% which seems small but yet the blocktimes are now > 17 seconds which is 20% higher than normal.
Difficulty Bomb factor: 137,438,953,472 (0.016 %)
So every new block gets added the above difficulty? So 0.016% per block?
So after 5000 blocks (1 day) it will increase the difficutly by 0.016% * 5000 = 80%?
That can't be correct.
Anyone understand the coding behind this ice-age?
So how does this work exactly because it says 0.016% which seems small but yet the blocktimes are now > 17 seconds which is 20% higher than normal.
Difficulty Bomb factor: 137,438,953,472 (0.016 %)
So every new block gets added the above difficulty? So 0.016% per block?
So after 5000 blocks (1 day) it will increase the difficutly by 0.016% * 5000 = 80%?
That can't be correct.
Anyone understand the coding behind this ice-age?
It looks like ETH price crashed 20% and the difficult rose 20% regardless of hashrate drop and 17 seconds to find a block now, which means ETH became 35% less profitable, in just few days, imagine in few weeks. I wonder when the people who bought rx 4xx r5xxx series for 700 usd will commit suicide. Their end is near.
This is not ASIC, this is the ice age!
Look at block time, it has jumped up from around 15 sec to over 17 sec today.
ETH it meant to maintain a 14 sec block time but the difficulty bomb will cause difficulty to rise faster and faster as time goes on, it has just become noticeable.
If there really was an ASIC then the hashrates would be going up very fast and block times would remain close(r) to the target.
Check stats here https://ethstats.net/
Look at block time, it has jumped up from around 15 sec to over 17 sec today.
ETH it meant to maintain a 14 sec block time but the difficulty bomb will cause difficulty to rise faster and faster as time goes on, it has just become noticeable.
If there really was an ASIC then the hashrates would be going up very fast and block times would remain close(r) to the target.
Check stats here https://ethstats.net/
So the ASICs miners are already showing their claws, make no mistakes gentlemans, difficulty fast pumps are directly connected to more hashing power in the ETH network (aka ASICS miners), bye bye ETH GPU mining.
Nah its just proof the gpu shortage is not real, large farms have access to GPU's in mass quantities
I dont think so, this is too much in one day even for the biggest farms. I also have some contacts to suppliers in my country and there really isnt that much cards availible even for the biggest of players.
So the ASICs miners are already showing their claws, make no mistakes gentlemans, difficulty fast pumps are directly connected to more hashing power in the ETH network (aka ASICS miners), bye bye ETH GPU mining.
Nah its just proof the gpu shortage is not real, large farms have access to GPU's in mass quantities
Maybe it's just me... but my $ per day has not decreased at all over the last week.
My $ per day is higher than ever... possibly because I am dual mining Decred or Pascal on all my AMD cards... but either way $ is $ =)
My $ per day is higher than ever... possibly because I am dual mining Decred or Pascal on all my AMD cards... but either way $ is $ =)
So the ASICs miners are already showing their claws, make no mistakes gentlemans, difficulty fast pumps are directly connected to more hashing power in the ETH network (aka ASICS miners), bye bye ETH GPU mining.
If is true eth will switch to POS faster ... we expect pos on next year but if is true asic on network i think they will switch to pos system about settember
So the ASICs miners are already showing their claws, make no mistakes gentlemans, difficulty fast pumps are directly connected to more hashing power in the ETH network (aka ASICS miners), bye bye ETH GPU mining.
yeah i also think as to do with asic, because with the current profit that ETH is giving it's worth to build dedicated asic for it, this or there is still someone selling gpu privately maybe, they are not really out of stock like many thing
I guess noobs are already scared about what is happening. They were earning $5 per day per card few days ago, now around $4.20, next week $3.20 and then $2.40 and then $1.70 and then $0.30 and then they will commit suicide in a month from now hehe. Their 80 days roi will become 80 years hehe
the so called 'noobs' are late to the game in any case, the were never gona ROI in leas than six months, that being said six month roi is better than anything on wall street but they could. have made a fuckton more by just buying eth and zcash a mere three months ago ...
Jump to: