such a doom and gloom post.
profits will diminish.
the difficulty bomb has begun to take effect, so you can expect at least 10% faster blocks (2 second average) after fork.
plus due to the diminished block reward some farms hanging in the balance will be closing shop and selling their wares.
there are plenty of markets that will still be profitable with gpu's and E3's.
we're all on borrowed time anyways casper's POS was assumed implemented in full this time last year..
there is always classic for the holdouts if they care to adjust their philosophy to match where the money flows.
the block halving comment was interesting but its generally in 2-3 year intervals.. and dictated from genesis block. this is a bit more contreversial as the devs have some back and forth to decide how to move forward.
I like the decision, and I mine. its inportant not have have all your eggs in one basket as well as understanding perspective of the big picture.
Looking at the "Average Block Time" chart over at etherscan shows that the difficulty bomb hasn't started yet. Our average block times are still around 14-15 seconds unlike 30 seconds last Oct-Nov.
So this issuance wont be like last year where we get reduced rewards but faster block times, it will basically cut profits by 33%.
I also glanced over the hashrate chart and it seems like it's going down a little, I think last June we had this difficulty. However it could all still be variance.
hrmm I thought it was to be between 12-13 seconds. just rechecked the white paper and can not find this value any where.
stand corrected.
casper with 2 second blocks will be nice.