So I read an article a while back about Ethereum switching over to a PoS algorithm... But on Ethereum classics twitter feed I saw a post saying that its going to be a hybrid of PoW and PoS. When is this change expected? Also, the Ethereum developers have said theyll be releasing the difficulty time bomb on the PoW system. What does this mean for miners?
Using a hybrid proof-of-stake & proof-of-work algorithm, it is said to eventually end the profitability for Ethereum miners. The difficulty time bomb increases the mining difficulty. The chain will eventually become impossible to mine. Implementation of this means a shift off the original PoW system to the new PoS algorithm. There is not an exact estimate of when itll be released