New Etherscan Data Shows Ethereum Mining Rewards Reach Unfortunate Lows in ETH’s Young History

2019-2-13 04:00

Cryptocurrency enthusiasts of Bitcoin have been concerned lately over the halvening of the mining rewards, even though this milestone is not expected to be reached for over a year. However, this focus has left everyone’s backs turned to Ethereum. Recent information collected from Etherscan reveals that the mining rewards have reached an all-time low for Ethereum, which is bad news for their own minders.

On February 10th, the recording of new ETH created was almost 7,000 less than the month before. The platform reached its highest level in July 2015 at over 39,000. However, data from Etherscan shows that the sudden drop in newly mined ETH has much to do with the increased difficulty that miners must sustain in order to mine Ethereum now.

In September, it was revealed that Ethereum core developers decided to delay a “difficulty bomb,” as they caused it. To do so, the platform chose to include a code for that change in the Constantinople hard fork, which was delayed several times. This difficulty bomb, also referred to as an “ice age” for Ethereum, makes it harder to mine through Proof-of-Work protocols.

The point of this implementation was to keep miners from continuing to work on the chain after Ethereum chose to use a Proof-of-Stake algorithm in its place. The difficulty bomb was delayed as the PoS implementation was delayed, as developers decided to keep it connected to the Constantinople hard fork. However, the delay makes it easier for miners to mine in the meantime.

Unfortunately, miners have to prepare for a “thirdening” that will happen with Constantinople. Not only will miners have a harder time with mining overall, but their rewards will be cut down from 3 ETH to 2 ETH. Considering that the current price of ETH is about $122, this is a loss of over $100. However, creating more blocks each day will become easier.

The upgrade will not happen until block 7,080,000 posts. Based on the predictions on the ConsenSys blog post, it should be mined by February 27th.

Bitcoin (BTC), Ethereum (ETH), XRP (Ripple), and BCH Price Analysis Watch (Feb 12th)

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Speed Mining Service (SMS) на Currencies.ru

$ 1.9622 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $1.9622 - H: $1.9622
Капитализация $205.406k Rank 99999
Цена в час новости $ 1.6487 (19.01%)

mining rewards etherscan reached ethereum left year

Источник: bitcoinexchangeguide.com

mining rewards → Результатов: 66


Фото:

Federal Election Committee Asked to Consider Crypto Mining for Political Contributions

OsiaNetwork LLC has reached out to the Federal Election Committee (FEC) in the hopes that it will allow computer sharing for crypto mining for campaign donations. Osia says it would like to be the platform in which volunteers share their computer power to mine cryptocurrencies, which are then donated to political campaigns of their choice.

2018-10-5 23:57


Фото:

DevCon 4 Will Set the Stage for Ethereum’s Next Milestone: Constantinople

Ethereum is embracing the Constantinople milestone at the end of November 2018, after DevCon4 in Prague. Constantinople is the latest Ethereum release, introduced through a hard fork, that will include five Ethereum Improvement Proposals (EIPs):Bitwise shifting instructions (EIP 145) in the Ethereum Virtual Machine (EVM) allow for direct manipulation of bytes on the EVM layer.

2018-9-11 18:15


Фото:

Here’s Why Genesis Mining Might Have Just Booted You Off Their Platform

Genesis Mining is a popular cloud based Bitcoin mining platform that lets users mine for Bitcoin. Each user is placed on a contract, through which they are allocated provisions in order to be able to mine through the platform, differing platforms offer differing rewards but of course, the bigger the reward the more expensive the contract, therefore, Genesis Mining have had to make some cut backs in order to ensure that those on the big contracts still have access to the service, as a result of the collapsing value of Bitcoin.

2018-8-17 08:00


Фото:

Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way.

2018-7-21 23:03


дальше еще 17 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Arcblock crypto jumps 64% in one month: Is $4.12 next?

Arcblock crypto’s price has increased by 64% in the last 30 days. Bullish pressure is significant in the token’s market. ABT, the native token of Arcblock crypto, a platform designed to The post Arcblock crypto jumps 64% in one month: Is $4.12 next? appeared first on AMBCrypto.

Ethereum ETF chances 'slim to none' as SEC considers ETH 'security'

SEC could reject spot ETH ETF application based on ‘security’ status. Mixed feelings on possible SEC’s rejection grounds as ETH price dropped.  The US SEC (Securities and Exchange ComThe post Ethereum ETF chances 'slim to none' as SEC considers ETH 'security' appeared first on AMBCrypto.

Bitcoin, Ethereum underperform as crypto market remains bearish

Bearish sentiment dominated the crypto market. BTC and ETH led the bearish sentiment with their poor price trends. While holders of certain meme coins may be celebrating significant gains inThe post Bitcoin, Ethereum underperform as crypto market remains bearish appeared first on AMBCrypto.

What's in store for XRP as XRPL development activity picks up pace?

The increase in development activity had little to no effect on XRP's price. A good buying opportunity might have presented itself, on-chain data revealed. Development activity on the XRP LeThe post What's in store for XRP as XRPL development activity picks up pace? appeared first on AMBCrypto.