Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Mining (Altcoins)
Re: Claymore's Dual Ethereum AMD+NVIDIA GPU Miner v9.8 (Windows/Linux)
by
Trimegistus
on 14/08/2017, 07:27:13 UTC
Quote from: TechPark on August 14, 2017, 02:22:45 AM
Quote from: Trimegistus on August 14, 2017, 02:07:46 AM
Quote from: TechPark on August 13, 2017, 11:52:08 PM

The difficulty will NOT go down as there is a "ice-age difficulty bomb" in place - "it's programmed to raise difficulty exponentially".
Difficulty does not only depend on the hashing power but also on the number of blocks mined and times passed since the last update.
Difficulty bomb graph: https://etherchain.org/charts/difficultyBomb
Difficulty calculation: https://gist.github.com/CJentzsch/c78768f9837afb8eef74


The real question is knowing how many difficulty bombs will we have to face before ETH transitions from PoW to PoS... Huh

It is a single bomb. I have provided you the link to see all the calculations. There is not hing more to this.

I know what the ice age mechanics is and why it was created. I was referring to the complete uncertainty about the transition to PoS. ETH mining won't last for long and there is no clear timeline for the transition to occur.

Let's not forget that the whole roadmap to Casper, including the ice age bomb, was devised when ETH was trading round the $7–$8 dollar mark. The huge price rise and the tremendous expansion of the Ethereum Alliance might have changed the game completely.