Hi guys, how are yall putting your 1060s to good use now that the Eth profitibality has decreased?
eth? 95% of people with gtx 1060 or 70 have moved to equihash already since the dif bombs.
Are you moving back to ETH on October 17th then when the blocktime/payouts increase?
I'm trying to determine if it's worth the hassle of switching away and back, especially since I am just holding ether and not selling right now....
Payouts increase? The 'ice age' is being postponed, because PoS is nowhere near ready enough to punish us miners that much (yet), but rewards are still going to be reduced from 5 to 3 ether per block!
Here's a rundown of all the changes
https://btcmanager.com/byzantine-first-part-of-ethereums-planned-hard-fork-activates-oct-17/ see EIP 649.
Uncle rewards are also being 'fixed' which will furher reduce pool payouts too.
Hmm, I don't see anything about block times...
the payout increase I was calculating was based on this info:
(prior to difficulty bomb)Current block time was 29 seconds, reward was 5 eth - 10.34 eth per minute.
New block time was 14.1 seconds, reward was 3 eth which results in 12.76 eth per minute.
HOWEVER - I can't seem to find any info on the current block time? In the article you linked, it mentions block time is increased (but do they mean increased to a 'faster' time, or increased number of seconds?)
Ok gotcha. Too many 'articles' for me! Jumped into the real deal from
https://github.com/5chdn/EIPs/blob/a5-eip-649/EIPS/eip-649.md "The Casper development and switch to proof-of-stake is delayed, the Ethash proof-of-work should be feasible for miners and allow sealing new blocks every 15 seconds on average for another one and a half years. With the delay of the ice age, there is a desire to not suddenly also increase miner rewards. The difficulty bomb has been known about for a long time and now it's going to stop from happening. In order to maintain stability of the system, a block reward reduction that offsets the ice age delay would leave the system in the same general state as before."
Then I found a good example in the comments on
https://github.com/ethereum/EIPs/pull/669:
So fwiw my take on Metropolis…
Without EIP-649 = ice age = mining grinds to a halt. Bad.
With EIP-649 (without block reward reduction) = jump in mining rewards back to April levels =
'could alter stability of the system'. But that sounds great to me – pretend the Ice Age never started and carry on? Yes please. But devs say no. For whatever reason.
With EIP-649 (with block reward reduction) = the compromise = 'leave the system in the same general state as before' . Though I guess we have to accept 'as before' means before the fork, not before the Ice Age entirely…
Anyway please excuse this detour – on with the 1060 hashrates!
