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Ethereum Difficulty Chart

Ethereum Mining Calculator

Ethereum Mining Calculator

Enter hashrate data for responsive chart! Enter hashrate data for responsive chart! Estimated Future {{coinSymbol}} Generated To save your configurations, simply bookmark the page you are on currently (Ctrl + D) or save the URL below! The diff change is the rate at which the network difficulty is changing every month. Diff change is used for the estimated future profits graph and break-even analysis. Typically in crypto, network difficulty tends to increase over time, meaning a miner will generate less crypto with the same hardware. Accounting for this changing difficulty is essential to generate long term profitability predictions. The diff change value is calculated by looking at the current difficulty and comparing it to the 12 hour moving average of the difficulty one month ago. For smaller coins the diff change can sometimes be inaccurate due to a wildly fluctuating difficulty. The diff change factor can be disabled by either manually setting it to 0 or clicking a "Use Diff Change" switch found below the graph and in the break-even analysis section. Diff Change value is very large. Future profitability estimates may be inaccurate. Consider making Diff Change smaller or turning off Dynamic Difficulty. Hashrate is the only value you need to input to use this calculator, we do the rest of the work for you! Hashrate is the speed which you are mining, and is normally clearly displayed by your mining software or in the specifications for mining hardware. Make sure that you have the correct hashrate suffix selected. For example, if your miner reports 600 GH/s, ensure that GH/s is selected and not TH/s. The Break-Even Analysis feature can help you predict how long it will take to become profitable for a given setup. Time to break-even is calculated by comparing your hardw Continue reading >>

Ethereum Mining - Important Steps In Mining Ethereum

Ethereum Mining - Important Steps In Mining Ethereum

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Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable and Worth it in 2017? As the price of Ethereum hovers around $300, you may be wondering to yourself whether or not its worthwhile to begin mining. Like Bitcoin, Ethereum is a proof-of-work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time usually becoming less profitable as the coin matures. There are three important factors to consider when figuring out if Ethereum mining will be profitable for you: Putting it simply, your mining rig needs to solve a mathematical algorithm to mine Ethereum. The mining difficulty of the network is a measurement of how difficult this algorithm is to solve. The higher the difficulty, the less Ethereum you receive for each unit of energy the GPU on your mining rig expends. As more miners join the network, this difficulty increases. The Ethereum mining difficulty had been steadily increasing since July but recently dropped from a high of ~3,000T to ~1,500T. This dip was caused by the Byzantine fork but isnt as advantageous as it seems. Even though the difficulty decreased, the block reward also decreased from 5 ETH to 3 ETH effectively canceling out any benefit from the difficulty change. You can view the past and current difficulty on the Ethereum network at CoinWarz . The hash rate is the speed in which your mining rig can solve the mathematical algorithm needed to validate a transaction. New miners are constantly entering the market with better and faster hash rates. Theres more to buying a miner than just picking the one with the highest hash rate, though. Miners with a high hash rate usually come with a high price tag. On top of that, they also typically use more electricity as they operate which could further drive your c Continue reading >>

Guide To Calculate The Expected Mined Blocks Based On The Difficulty

Guide To Calculate The Expected Mined Blocks Based On The Difficulty

Guide To Calculate The Expected Mined Blocks Based On The Difficulty It's quite easy to calculate your expected outcome, but initially I had problems to find a guide, so I wanted to share it with you. * Difficulty (maybe you have to multiply with 2^32 - does anyone know for which algorithms I have to add this and why? I read it is the 4 billion coefficient) Then you have only to use this formula to calculate your expected outcome. * Hashrate: 180*10^6 h/s (typical hashrate of six rx580) And consider the rising difficulty of Ethereum with more and more miners. You can see the difficulty development in this chart. That doesn't help much for coins with those Dark Gravity Wave calculation for diff as you might notice it all depends on the amount of ppl digging and sometimes it fluctuates around x10 or 0.1x for a day so you can't predict it. Block time depends on that too so if half the Nicehash suddenly quit the pool you'd get much less than expected. And in the end it all would become some great mistery. So I suggest even stop wondering about it. Once I saw some Bulwark coin rose in its diff in 5 times for a day. New coin with nist5 algo. So it appeared and it became not profitable. Though I shouldn't have sold it for 6k sat as the price rose with the diff eventually. CrowdCoin for example stays the same between 20k and 30k. And that's another variable you can't predict. Mostly ppl got used to static diff of some Etherium of Zcash so it raises constantly according to some rules, and it goes up faster if there's more ppl but it never gets less than that. For those recent coins there's tricky situation as it's DGW diff recalculation for each block and Nicehash orders could vary from time to time as well and it all affects the diff in many ways. Though it tends to change for Continue reading >>

Ethereum's Difficulty Bomb: All Smoke, No Fire? - Coindesk

Ethereum's Difficulty Bomb: All Smoke, No Fire? - Coindesk

Ethereum's Difficulty Bomb: All Smoke, No Fire? Sometimeinthe future(we can't be certain when), ethereum will likely switch from its proof-of-work consensus algorithm to Casper, a proof-of-stake system its developers are now in the throes of completing. While this may sound like a slight change to those who are unfamiliar, altering this one parameter will have an outsized effect.When the protocol change happens, the ethereum blockchain will hard fork, meaning that, for a short period of time, two networks the old and new will exist simultaneously. At that point, the goal for ethereum will be to persuade the majority of its users to upgrade to thenew proof-of-stake-powered blockchain. Otherwise, ethereum risks winding up creating another blockchain, as it did when a past technical update created ethereum classic . On the surface of things, getting the companies that use the ethereum network to switch should not be a problem. After all, proof of stake promises to be faster and more scalable, and to consume far less energy than proof of work. To most of the ethereum community, Casper sounds like a great deal. Unless, of course, you are a miner. That's because proof of stake doesnt rely on mining. Rather, it gives the job of creating the next block to those who own tokens on a blockchain a move that essentially puts miners out of a job . But, two things could go wrong with ethereum's big switch. One would be if Casper does not work as planned. In this case, ethereum could simply delay the switchover. The second is if miners continue mining the old chain. But ethereum has always had a plan for that something called the 'difficulty bomb'. Baked into ethereum shortly after the network launched, the difficulty bomb was created to make mining a block increasingly difficult over Continue reading >>

What Is The Ethereum Ice Age?

What Is The Ethereum Ice Age?

Ethereum is currently a Proof of Work cryptocurrency, meaning that computational power is needed, not only to produce new coinsbut to process transactions and to keep the entire ecosystem moving. In order to ensure the system is scalable and decentralized, Ethereum plans to move to a Proof of Stake protocol where a lot lesscomputational power is required and miners can earn rewards according to their balance. The Ethereum Foundation is still working on the Proof of Stake protocol, Casper. Since Casper is not finished and it's not contained in the release version of Ethereum a hard-fork might be required to implement this change. An hard-fork creates an incompatibility between the previous version and the latest, there is always the possibility to create a "split" that result in two blockchains, like Ethereum Classic , did on the 1920000th block, after the hard-fork to refund The DAO token holders took place . In order to ensure such event doesn't take place (although it did already) and to give themselves a time-frame to finish Casper (making the community aware of the introduction of a hard fork within that time-frame), a Difficulty Time Bomb, is also known as Ice Age was implemented in Ethereum. The Ethereum Ice Age is a difficulty adjustment scheme that was put in place to ensure that everyone has an incentive to move to the new blockchain once the hard-fork is implemented. It was introduced on the 7th of September (2015-09-07), about 11 months ago and it's programmed to raise difficulty exponentially. It's impossible for miners to keep up with the increase of difficulty which would raise block time and it would make the blockchain freeze, hencethe name Ice Age. The key part is the calculation for the increase in difficulty is Math.pow(2,Math.floor(block.number / 10 Continue reading >>

The Real Cost Of Mining Ethereum

The Real Cost Of Mining Ethereum

Image Credit: Vitaliy Karimov/Shutterstock Just how profitable is it to mine Ethereum? To properly answer this question, lets start at the beginning: Lets construct a hypothetical mining rig, plug in some reasonable numbers, and come up with a pragmatic analysis of how much you can earn through Ethereum mining. Lets also hold the price of Ethereum static. By removing any profitability from the appreciation of Ethereum from the equation, well be able to correlate the actual rates of return exclusively with hardware, electricity, and any other costs associated with running a mining rig. Our assumption set uses numbers from January of 2018 that you can see below (we have done our best to use reasonable and middle-ground numbers): As you can see here, our hypothetical mining rig is more efficient and profitable than some of the best mining equipment on the market right now. We are assuming four GPUs that mine 40 MH/s each. The hardware specs are four GPUs, plus a processor, a motherboard, and a power supply rated at 1,000 Watts of electricity. The cost of this rig would be approximately $3,000. A reasonable cost of power is approximately 10 cents per kwh. This is below the national average for retail power rates in the U.S. To run a mining rig you will likely pay at least 10 cents per 1,000 watts run for each hour. This means one full day of mining comes with an electricity cost of $2.40. We will also use the block reward and block difficulty from January of 2018 as our base point. And we assume mining with a single rig is only reasonable when working with a mining pool. Some mining pools take up to 10 percent of your earnings, but some of the best only take 1 percent. For that reason, weve pick a modest 1.5 percent. Taking several points across Etherescans historical char Continue reading >>

Ethereum Difficulty For Miners

Ethereum Difficulty For Miners

is it possible to predict how much ethereum difficulty grows each month and can anyone tell me about the most difficulty it will reach in the future? as a miner i would like to know how long it can be profitable for me to mine when zcash showed up , ethereum difficulty dropped and again it is rising rapidly. Continue reading >>

Ethereum Mining Difficulty Increased Significantly

Ethereum Mining Difficulty Increased Significantly

Ethereum mining difficulty increased significantly What is the reason of Ethereum's abnormal difficultyincrease? Open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements For the last 24 hours, Ethereum mining difficulty increased by20%. ETC mining difficulty is now almost 1208234552666986.0, this is all-time record. This situation can be caused by so called "Difficulty bomb impact". Distributed databasethat is used to maintain a continuously growing list ofrecords, calledblocks. How this will affect the price of ETC in the medium and long term we cannot know. Today, 10 of July, Ethereum lost about 6% in last 24 hours. Now it's $229. The Ethereum Ice Age is a difficulty adjustment scheme that was put in place to ensure that everyone has an incentive to move to the new blockchain once the hard-fork is implemented. It was introduced on the 7th of September (2015-09-07), about 11 months ago and it's programmed to raise difficulty exponentially. It's impossible for miners to keep up with the increase of difficulty which would raise block time and it would make the blockchain freeze, hencethe name Ice Age. Continue reading >>

Ethereum Difficulty Historical Chart

Ethereum Difficulty Historical Chart

btc eth bch ltc dash btg xmr etc zec doge vtc ppc ftc nmc rdd blk aur nvc qrk mec bat btg bcc emc2 sc dgb nav sys pot vrc via kore wc dope cloak xwc icn unb ptc grc bela xst slr enrg efl trust btcd net rby uno btcs air sxc moon trc mint pxc bost grn hbn wdc cat super zet qtl utc plc xpy bits top cc nyan arg fire uro con hal Continue reading >>

Ethereum Difficulty Chart And Graph

Ethereum Difficulty Chart And Graph

Home / Ethereum Difficulty Chart and Graph Ethereum Difficulty has skyrocketed in the past few months. With the increasing number of participants in the world of cryptocurrency, especially Ethereum, increasing Ethereum Difficulty is evident. Unfortunately, this is not good news for Ethereal Minerals, as it requires a stronger hardware investment to address the problem of increased Ethereum Difficulty. Ethereum Difficulty reached the highest level ever For Ethereum , the miners only really enjoyed it in the last few weeks when the ETH price reached $400. Many people have rushed to invest in ETH mining equipment, which also means buying bulk graphics cards, because there is no ASIC machine for digging ETH and will never be there because Ethereum could grow in the proof-of-stake direction. There is no denying that Ethereum Difficulty has risen sharply in the past few months. In January 2017, the difficulty level was less than 100 TH/s, but started to rise suddenly from April 2017 (reaching 242 TH/s at that time), then reached the highest level at present 1477,492 TH/s. That means that to mine ETH will require significant hardware to make a profit. Wanting to mine ETH for profit now requires several dozen graphics cards, motherboards and power supplies (in the case of ideal cheap power). Owning the required graphics card is also a big problem. Both AMD and Nvidia have had strong sales growth for the past few years only to serve the purpose of mining cryptocurrency like ETH. Many countries are still facing the problem of out of stock graphics cards. In addition, we must remember that ETH is also in a volatile period, and it is not easy to make a profit today. This raises questions about the future issues of digging ETH. Anyone who wants to participate in mining Ethereum mus Continue reading >>

How Is The Mining Difficulty Calculated On Ethereum?

How Is The Mining Difficulty Calculated On Ethereum?

Having read various pieces of documentation, it's still not completely clear to me what dictates the difficulty rise, and how Ethereum difficulty levels differ to Bitcoin. In the past week difficulty has jumped from around 11 to over 17, whilst GH/s has fluctuated between 800.00 - 1400.00 but with no clear correlation between the two. Has the "difficulty bomb" now been introduced? And if yes, is there any way for approximating or calculating how much difficulty will likely rise by in the next 6-12 months? Related: If Serenity / PoS is unlikely to be introduced until early next year, has there been any suggestion from the dev team that the effects of this "difficulty bomb" will be reduced in either the homestead or metropolis releases? From : Mining difficulty is calculated from the time difference between blocks. The exact formula will change in Homestead. The symbol // in the following denotes integer division. block_diff = parent_diff + parent_diff // 2048 * (1 if block_timestamp - parent_timestamp < 13 else -1) + int(2**((block.number // 100000) - 2)) block_diff = parent_diff + parent_diff // 2048 * max(1 - (block_timestamp - parent_timestamp) // 10, -99) + int(2**((block.number // 100000) - 2)) The problem with the frontier formula and the reason for the change was that the frontier version doesn't take into account how far off from 13 seconds the block time was. A block mined 1 second after the previous one has the same effect on the difficulty as one mined after 12 seconds. This causes block difficulty to adjust to a median block time rather than a mean. Again, check out the EIP for more details. Apologies that I lack the the knowledge but how exactly would I use this to calculate? Seeing the difference "< 13 else -1" vs "// 10, -99" it's not clear to me what the Continue reading >>

How Difficulty Adjustment Algorithm Works In Ethereum

How Difficulty Adjustment Algorithm Works In Ethereum

How Difficulty Adjustment Algorithm Works in Ethereum In order to explain the logic of difficulty adjustment, we will use the go implementation of Ethereum which is generally called Geth. Source code of Geth can be found here. Difficulty adjustment algorithm is coded inin block_validator.go file, which can be found here. By difficulty adjustment we mean the logic in Ethereum using which Ethereum tries to keep mining time of the blocks between 10 to 19 sec. If difference in mining time is between 0 to 9 sec. then Geth tries to increase the difficulty to mine the block and if difference is 20 sec. or more, then Geth tries to reduce the mining difficulty of the system. In block_validator.go file, function CalcDifficulty is called to adjust the difficulty of the system and it returns the difficulty of the next block when it will be created. This function, in return, calls calcDifficultyHomestead or calcDifficultyFrontier depending on the configuration parameters. Latest version of Ethereum uses calcDifficultyHomestead function, therefore we will be reviewing calcDifficultyHomestead function. In order to calculate the difficulty of the new block, this function needs following input parameters: time Proposed time of formation of new block parentTime Time of formation of parent Block parentNumber Parent block, block number. Below is step by step process how difficulty of new block gets created. 1. First, difference between time of formation of parent block and new block is calculated. 2. Output of step 1 is then divided by 10 and integer of it is stored. This is done to create ranges. If output of step 1 is between 1 9 then output of this step will be 0. If output of step 1 is between 10 19 then output of this step will be 1. If output of step 1 is between 20 29 then output o Continue reading >>

Ethereum Price Analysis - Increasing Experimentation And Awareness

Ethereum Price Analysis - Increasing Experimentation And Awareness

Ethereum Price Analysis - Increasing experimentation and awareness Josh Olszewicz , 05 Mar 2018 - Ethereum , Opinion , Price Analysis Ethereum ( ETH ) has quietly trended sideways over the past week. The market cap now stands at $84.27 billion, with US$980 million traded on exchanges in the past 24 hours. The Ethereum Enterprise Alliance (EEA), which aims to nurture and enable further Ethereum based technologies, recently announced 83 new members. The Enterprise Ethereum Alliance is a non-profit corporation that connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. While the name Enterprise Ethereum Alliance is a trademark of the Ethereum Foundation, it does not create a partnership, agency, sponsorship, endorsement or any other similar relationship between the Enterprise Ethereum Alliance and the Ethereum Foundation. Porsche has also been testing the Ethereum blockchain, in collaboration with XAIN, a Berlin-based start-up. XAIN won the first Porsche Innovation Contest on the subject of blockchain in the summer of last year, beating over 100 other applicants in the process. Following the contest, interdisciplinary teams from across Porsche worked in collaboration with XAIN over the course of three months to develop and test applications. Blockchain was introduced into the Porsche Panamera using an energy-efficient mining process from XAIN. In addition, Porsche is currently working on further applications for the technology, including in the areas of charging and parking. However, transactions per day and transaction fees are both down sharply after peaking in late December and early January. This pattern largely follows the price of ETH itself. Transactions on the network will likely increase dramatically wh Continue reading >>

Is Ethereum Mining Profitable In 2018?

Is Ethereum Mining Profitable In 2018?

In this article we will try to figure out the profitability of Ethereum mining As the price of Ethereum isaround $1000 you may be wondering to yourself whether its worthwhile to mine ETH. Like Bitcoin, Ethereum is a proof-of-work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time usually becoming less profitable as the coin matures. In this article we will try to figure out the profitability of Ethereum mining. There are three important factors to consider: In a word, your mining rig needs to solve a mathematical algorithm to mine Ethereum. The mining difficulty of the network is a measurement of how difficult this algorithm is to solve. The higher the difficulty, the less Ethereum you receive for each unit of energy the GPU on your mining rig expends. As more miners join the network the difficulty increases. The Ethereum mining difficulty had been steadily increasing since the beginning of December with 1,500TH to ~2,500H. EtherscanEthereum Block Difficulty Growth Chart The daily block rewards of ETH have hardly changed since December and it is currently ~20.339 ETH. The hashrate is the speed in which your mining rig can solve the mathematical algorithm needed to validate a transaction. Miners with a high hashrate usually come with a high price tag, but they also typically use more electricity as they operate which could further drive your costs up. Average hashrate of ethereum network has increased since December from ~125492GH/s to ~203394GH/s, which is the highest rate of all time at the moment. Etherscan Ethereum Network HashRate Growth Rate Each mining rig works at a different level of efficiency and uses a variable amount of electricity. On the low end, miners typically draw ~100 Continue reading >>

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