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location Home > News > Details

ETH can be mined for at least another 6 months until the difficulty bomb arrives in June next year

2021-12-20 15:04

According to data from Ethernodes, the Ethereum network has completed the Arrow Glacier upgrade at a block height of 13,773,000 at 3:55 am Beijing time today. This upgrade includes the EIP-4345 proposal, which will postpone the Ethereum difficulty bomb until 2022. June.

The difficulty bomb is a switch that causes the difficulty of mining to rise rapidly in Ethereum mining. Difficulty Bomb is a mechanism that freezes mining when the Ethereum network transitions from PoW (Proof-of-Work) to PoS (Proof of Stake). It aims to increase the difficulty of generating blocks. In order to extend the block time, the ultimate goal is to reduce the profit of POW mining.

The difficulty bomb has been activated four times in history and has been postponed four times. The four delays occurred in the Byzantine upgrade, Constantinople upgrade, Muir Glacier upgrade, and the just-concluded London upgrade. there is a greater opportunity for miners as the Ethereum difficulty bomb is postponed again, 

The average transaction cost of Ethereum has increased after the implementation of EIP-1559. Due to the high transaction fee of Ethereum, the income of Ethereum miners has surpassed that of Bitcoin miners, and with the advancement of 2.0, the economic value brought by ETH destruction is gradually becoming more prominent. Although buying a mining machine to invest in Ethereum mining may involve certain risks, it also means extremely high returns to the miners.

Tim Beiko, the core developer of Ethereum, stated that the difficulty bomb is intended to slow or freeze mining activities on Ethereum. After this upgrade is completed, the difficulty bomb will be postponed to June 2022. At that time, developers expect Ethereum PoW to be converted to PoS.

The delay of the difficulty bomb is definitely a good thing for miners. The high price of Ethereum now means that miners around the world can continue to use graphics cards to mine Ethereum for profit. LLGO provides a variety of plans to users to mine Ether, and our customer service will deliver the best service and the most suitable product to users with their needs.

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Market Direction Short
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Swap Rate 18.48%
Market Value Proportion 38.90%
market value $ 2,048.87 x 100 million
24 hour increase -0.94%
Computing power 222.66 EH/s
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Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

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ETH
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24 hours volume 29.75M
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Market Direction Short
Swap Rate 24.27%
Market Value Proportion 17.14%
market value $ 808.87 x 100 million
24 hour increase -0.36%
Computing power 855.24 TH/s
daily output 0.00001549 ETH / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

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LTC
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24 hour increase -0.26%
Computing power 485.80 TH/s
daily output 0.00001511 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

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market value $ 3.68 x 100 million
24 hour increase -9.17%
Computing power 2.35 PH/s
daily output 0.00024754 DASH / G
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

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24 hour increase -5.24%
Computing power 85.24 PH/s
daily output 0.00000354 DCR / G
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

-87.59%
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24 hours turnover $ 70.18M
Market Direction Short
Swap Rate 8.29%
Market Value Proportion 0.08%
market value $ 5.35 x 100 million
24 hour increase -7.05%
Computing power 9.71 GH/s
daily output 0.00028412 ZEC / K
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

+61.30%
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