Ninjastic
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Board Mining (Altcoins)
Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability
by
VoskCoin
on 07/03/2019, 15:21:52 UTC
Quote from: xxcsu on March 07, 2019, 04:09:16 AM
Quote from: VoskCoin on March 06, 2019, 02:34:07 PM
Quote from: xxcsu on March 06, 2019, 04:20:48 AM
Quote from: VoskCoin on March 06, 2019, 02:42:41 AM
Ethereum has forked and thus implemented changes to their blockchain. ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings.

5 days after the Ethereum Constantinople Hard Fork, pretty much i still mining the same amount of ETH, what i mined before the hard fork ( GPU's, Few FPGA and 2x ASIC (E3) )
The "Thirdening" , the reduction in block mining reward by 33% is happened with the hard fork , but its also going to delay the difficulty bomb for a period of 12 months.
Difficulty is changed -35% is the past few days, after the hard fork....( as of March-06-2019 )


to clarify what I said/meant -- while diff dropped -- the overall "pie" of ETH earnings was significantly reduced (3 to 2) -- also comparing to an incorrect difficulty gives us a skewed result (makes it way easier for the general population of miners to accept this) if diff was proper, the impact would be more obvious

Just to clarify what i said Wink A week after The hard fork, My ETH earnings did not reduced at all !!! (Mining ETH right now with around 2.8 GH/s)
Your statement "ETH reduced their block reward from 3 to 2 Ethereum per block SIGNIFICANTLY reducing miner earnings" is not correct! You concentrating on reduced reward, and not calculating the lower difficulty bc the hard fork, and totally left out the delayed difficulty bomb from your calculation :-)


"Ethereum Difficulty Bomb: The Simple ​Explanation:

The Ethereum Difficulty Bomb simply refers to a tool within Ethereum. This tool allows the core Ethereum developers to adjust how difficulty it is for a miner to win a reward. ​Miners win rewards each time they create a new block and add it to the blockchain. 

When the Ethereum Difficulty Bomb is set to "detonate", it will get exponentially difficult for miners to win rewards via mining. But why would the developers want this? Because eventually they will want miners to stop mining and start validating. Remember, Ethereum is set to transition from Proof of Work to Proof of Stake. There is no mining in Proof Of Stake. We will have validators instead."




yeah I get that

& inflated diff then made no sense.

if ETH cant even get a HF like this straight for half a year, I can only imagine PoS hitting the fan lol see you in 2030 w/ that