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Ethereum Difficulty Drop 2018

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 >>

Will Crypto Mining Be Profitable In 2018?

Will Crypto Mining Be Profitable In 2018?

Will Crypto Mining be Profitable in 2018? Will Crypto Mining be Profitable in 2018? Crypto mining, including bitcoin mining, ethereum mining, ASIC mining, and GPU mining has continued to be a very popular topic for people interested in side hustles and entrepreneurial ventures. One of my most popular 2017 articles was Is Crypto Mining a Profitable Side Hustle? which evaluated whether or notwas effective, profitable side hustle and passive income stream. When I started, back in early 2017, I had a lot of skepticism about the long-term potential, but fortunately my dabbling has paid off tremendously. And it has satisfied my inner geek. Ethereum mining has been my major focus, so this post will come primarily from that frame of reference. And this will give away my slantbut let me just say that I have continued to cautiously buy mining gear over the course of 2017 and still into the start of 2018. What has changed in crypto mining since 2017? In my original post Is Crypto Mining a Profitable Side Hustle? I discuss the details of a few factors that have the potential to derail mining profitability. Those include: Network difficulty increases : supply and demand of mining and planned reductions in mining effectiveness Price changes : if price of the currency drops, your profitability drops Proof of Stake : Ethereum and other coins will eventually switch to a model that does not require mining in its current state See a deeper dive of these risks in my post here: What are the risks of mining Ethereum ? First, there have indeed been network difficulty increases ( see this chart ). However, that difficulty has been offset by the massive price increases of Ethereum. Last, although Proof of Stake will eventually hit, there are manymanyother coins to mine, and the date for PoS is Continue reading >>

7 Answers - Why Is Ethereum's Difficulty Rising When Ethereum Is Down 50%? - Quora

7 Answers - Why Is Ethereum's Difficulty Rising When Ethereum Is Down 50%? - Quora

Why is Ethereum's difficulty rising when Ethereum is down 50%? Over $20,000 in your IRA or 401k? Here's how to move to Bitcoin. Open a Bitcoin IRA now for massive growth potential on a tax-deferred basis. Get a free info guide now. The difficulty has no direct correlation with price. So, in this case, it means that even with the price down, at least the same amount of hashing power is in play to sustain the Ethereum Network. Why? We can only guess, but at least these miners see good reasons to continue to mine. The next month, the ETH value drops by 50% You can re sell all your rig for say $7000. You lose $3000. Or you can still mine and earn some ETH that might be worth much more in the future. Trading has a short term horizon. Mining has a long term horizon. You cannot buy and sell a rig as fast as buying and selling a bitcoin. Learn blockchain. Earn up to an average of $63,566 per year. Master the concepts like cryptography & cryptocurrency, blockchain networks, bitcoin mining & security. There's no correlation between the hash rate and the price. The hash rate is a function of total computational power on the network. New computers get added and older dogs get upgraded so it makes sense that the hash rate will continually increase over time. The price of ether is a function of trading volume and ultimately the supply and demand. It acts similarly to a traditional stock market in this sense with some interesting differences. If the price continues to call it means there is greater selling pressure than those looking to buy it. In the examples below about the price of the rig and the incentive to hold it lies the basic incentive for miners. While the price of ether is high enough, where you might break even, there is the potential to make a profit of the price increa Continue reading >>

Best Ethereum Mining Hardware (2018 Updated)

Best Ethereum Mining Hardware (2018 Updated)

Last updated on February 26th, 2018 at 04:04 pm Ethereum (ETH) is a popular choice for graphics card (GPU) miners. In 2018, Ethereum smashed its long-term $400 ceiling, and reached more than $1,000. Ethereums Ethash algorithm is one of many algorithms designed for optimal mining on GPUs. Generally speaking, a GPU is good for mining all GPU-mineable cryptocurrency (including Ethereum Classic , Monero , Zcash , and Vertcoin). This situation gives GPU miners enviable flexibility, in order to be able to switch between over 40 coins that are based on their current profitability. If youre new to mining Ethereum , there are 4 important things you should know: Ethereum intends to switch to a Proof of Stake scheme called Casper. Although this switch has been delayed, its reasonable to expect that it will occur in late 2018. Ethereum mining will no longer be possible after that, unless a hybrid Proof of Work/Proof of Stake model is implemented. If so, rewards to miners will be significantly reduced, with perhaps half of all new coin rewards going to holders instead. Ethereum mining currently requires a GPU with at least 3 gigabytes of Video RAM (VRAM). This VRAM requirement is expected to grow to 4 gigs in 2018. The Ethereum Directed Acyclic Graph (DAG) file is stored in VRAM by miners. The DAG grows in size by remaining proportionate to the mining difficulty. About once every epoch (or 30,000 Ethereum blocks), a new DAG is generated, which must be downloaded in order to continue mining. You can view the current epoch and other Ethereum network stats here . (At the time of this writing, the epoch was 162.) Note that the performance of older cards will degrade with each new epoch. Up to a point, more VRAM will also improve performance. The present difference between a 4- and 8-gi Continue reading >>

When Will Ethereum Mining End?

When Will Ethereum Mining End?

In August of this year (2017), Vitalik Buterin, creator of Ethereum , released the implementation guide for the first version of Casper. As a hybrid proof-of-stake (PoS)/proof-of-work (PoW) algorithm, Casper v1 is going to decrease (and eventually end) the profitability for Ethereum miners . The release date is estimated to be sometime in 2018 as part of the Constantinople hard fork and theres a lot to learn before this happens: Casper is a PoS algorithm thats projected to be released on the Ethereum network sometime in 2018. Beginning as a hybrid with the current PoW algorithm, the first version of Casper will only use a PoS consensus to validate every 100th block, called checkpoints. Once a checkpoint is validated, theres no way to go back and use a chain without it. Even if 99% of miners support a chain that doesnt include a checkpoint block, all clients in the network will still continue to use the one with the checkpoints. This removes a lot of the power that miners currently have. The Ethereum community hypothesizes that the switch to PoS will help with the scaling issues that the network is currently facing. The algorithm should enable new blocks to be created more quickly while allowing the network to scale more efficiently through sharding. Sharding is a horizontal partitioning of a large database into smaller and more easily managed parts. Beyond that, PoS algorithms also use less energy to run the network, reduce centralization, and make 51% attacks more difficult. With the upcoming hard fork, there could potentially be three forks of Ethereum: And, if youre a miner, you may be thinking, No big deal, Ill just continue to mine and give support to the Ethereum PoW fork. The Ethereum developers have stated that theyll be releasing what they call the difficulty 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 It Worth It To Start Mining Ethereum? [december 2017]

Is It Worth It To Start Mining Ethereum? [december 2017]

Its been a while since we updated this series this past summer , but our answer for the Is it worth it? question has remained mostly the same. Ethereum saw increasing difficulty throughout the fall and little increase in price, which made mining steadily less and less attractive. But recently, Ethereum has boomed to be priced at around $700-$800, which has led to a resurgence in mining interest. So whats the latest answer to this constantly-repeated question in the mining community? Ethereum is becoming even more profitable now after its first huge jump in price over the summer, which has meant even more to become suddenly interested. Especially since Ethereum is currently one of the most profitable coins to mine, its worth considering how the landscape has changed lately. We recommended for two months straight over the summer that people that want to minimize the risks involved with investing in the cryptocurrency space should consider getting into Ethereum mining, but that it might be a bit late in the game to set up a rig considering the many unknowns in the industry. Those that got in early and have remained steadfast in keeping their rigs online since then have made really decent gains, especially if they had many rigs or GPUs to maximize their profits. So back to the question: Is it worth it to start mining? If youre just now hearing about Ethereum and interested in maybe jumping on board, that can be a hard question, and it depends on a lot of different factors. Do you appreciate this guide? Tips welcome! Ethereum:0x51984c8b295e6ee46d0d0fba0fd5548cff632327 Bitcoin:17nveRFLh833mnFjkyk9zaw9oYFudV8UKF Ethereum difficulty update for December 2017 Difficulty moved up steadily throughout the summer (all the way up to 3,000T in mid-October, at which point mining Ethere Continue reading >>

Mining Ethereum @ ~53 Mh/s And Siacoin @ ~310 Mh/s Earns Me $5.53 Daily - And It's Time To Take A Pause

Mining Ethereum @ ~53 Mh/s And Siacoin @ ~310 Mh/s Earns Me $5.53 Daily - And It's Time To Take A Pause

Mining Ethereum @ ~53 MH/s and Siacoin @ ~310 MH/s Earns me $5.53 Daily - And It's Time to take a Pause Share on Facebook Share Share on Twitter Tweet Share Share Each time I add some new graphics card to my existing gpu mining rig or some other major happenings happens I make a quick update into the blog. There are two major updates since my latest post fromcryptocurrency mining experiments - I have installed another gpu card (in total there are already 4, giving a hash power of about 53 MH/s) and second, Ethereumprice has dropped by about 40% in the last days (from $1,430 in January13, 2018, to $1,007.41 in January 23). Both things heavily affect daily payouts when mining Ethereum(or any other altcoin) The mining rig hasbeen up and operating littlemore than 30 days, base core system has been extended to 4 GPU's and the current investment for this rig is $1,661. In total, I've mined0.1193376 ETH and126.66 SC, with current exchange rates that would mean Current ROI is 7.65% or I still need to recover 92.35% from my initial investment to break even. If ethereumwould keep its All-Time High levels at $1,400 - daily payouts from such mining rig would be around $7.45, also it would mean ROI at around 10%. Though things are as things are, and for now, I have decided to stop adding new gpucards to the mining rig before reaching 20% ROI. It could take me another month, maybe 2 months, or it could take some 2 weeks or even a week - it's hard to predict, as it depends only on current Ethereumexchange rates, With current mining difficulty and altcoinexchange rates, such mining rig, in theory, could pay off after 300 days or 10 months. As I've been mining already for the last 30 days and generated hypothetical revenue of $127.03, my current ROI ($1661-$127.03)/5.53 would be after Continue reading >>

Ethereum 'difficulty Bomb' May Not Happen For Another Year Or Two - Bitsonline

Ethereum 'difficulty Bomb' May Not Happen For Another Year Or Two - Bitsonline

Ethereum Difficulty Bomb May Not Happen for Another Year or Two There will be another delay for Ethereum minings difficulty bomb and switch to a proof-of-stake (POS) network, developers say. The decision could affect miners economic decisions in the near future, such as how much to invest in equipment and how much hashing power to devote to ETH. Also read: Shanghai Authorities Halt Blockchain Event, but No Fears of Wider Crackdown Increased Difficulty Means Leaner Times for ETH Miners There will likely be a squeeze on Ethereum blocks and block rewards from now until a new update arrives in late September. Reports from an Ethereum developers conference call last week said the long-proposed POS implementation, called Casper, will still not be ready soon. Originally planned for late 2017, the roadmap could push Casper back to the end of 2018 or later. Moving to POS has long been part of Ethereums roadmap, though the exact timing is unknown. It would fundamentally change the network, removing all ETH mining activity as it currently exists. Ethereum currently mines using proof-of-work (POW) like Bitcoin, where powerful machines race to solve a complex math problem and receive block rewards. Ethereum blocks are mined roughly every 12 seconds (depending on difficulty) and the block reward is 5 ETH. The rapid rise in ETH value from around $8 USD at the start of 2017 to around $400 in June has seen a rush to mine the token . It has also created a worldwide shortage of GPU cards. Under a POS model, Ethereum would require no GPUs at all. The difficulty bomb is code inserted into Ethereum that increases POW mining difficulty exponentially in preparation for POS introduction. The period where it gets too difficult to mine at all is called the Ice Age and its already beginning. The Continue reading >>

Why Ethereum Classic Matters In 2018

Why Ethereum Classic Matters In 2018

Despite its low price, Ethereum Classic remains an important digital asset with a strong community. Ethereum Classic remains underpriced compared to the leading ETH asset, which has flown above $1,000. But ETC may still matter in 2018, both as a platform and a source of mining revenues. Right now, ETC does not look too good: its price has not recovered against Bitcoin, despite the nominal gains in dollar value. But there may be hidden upward potential in this coin, and perspectives for long-term growth. The fate of ETC in 2018 is contained in the recently released roadmap, featuring updates and the philosophy for the coin. The ETC project counts the building of a larger team as one of the milestones achieved in 2017: "The main accomplishment was that the team was established, that was a very challenging task, with very limited funding, under constant pressure from all sides and toxic environment, but by end of the year we grew up to 8 full time members in the ETCDEV team. The team got established development processes, working full time on core ETC projects, and will continue to grow." The ETC project has diffused the "difficulty time bomb" that it inherited from the Ethereum codebase. The blockchain, which contains the unaltered history of losses from the DAO hack, is taking on a different path, with an alternative policy of new coin creation. Ethereum Classic (@eth_classic) January 9, 2018 For 2018, the Ethereum Classic project has the main objective of scaling through side chains. Even at the moment, ETC is not as loaded by transactions as the Ethereum network. However, building a scaling solution in advance may be a benefit to the project. The other major area of development is an attempt to connect Ethereum Classic to the Internet of Things. The capability of work Continue reading >>

Profits Are Drying Up For Ethereum Miners

Profits Are Drying Up For Ethereum Miners

Profits Are Drying Up For Ethereum Miners Updated, 03/19/2018, 11:30am PT: Orriginal article incorrectly attributed NAND price as a factor for GPU pricing. As the price of Ethereum continued to drop week over week, the mining difficulty continued to rise. At this pace, mining profits are quickly thinning out. Last year, the price of Ethereum took off like a rocket and headed for the moon. At the beginning of the year, Ether coins traded for less than $10, and by the end of December, people were willing to shell out close to $1,000 per coin. The stratospheric rise in value also attracted a massive influx of cryptocurrency miners hoping to make a quick buck. Last summer, we conducted an Ethereum mining experiment that involved the creation of a profitable mining rig out of older parts that had piled up and started collecting dust. In that article, we explored the possibility of earning profits from an inefficient mining system. We looked at the mining difficulty rating and how it would affect our income. We also touched on how much the cost of electricity would limit our profits. At the time of our experiment, our mining rig proved to be profitable in most cities, but if the price of Ether dipped by 25%, you would be losing money in markets with expensive electricity. (Something miners capitalized on by setting up shop in cities with cheap power like Plattsburgh, New York. ) For most of 2017, Ethereum miners were doing well, but 2018 hasn't been quite as lucrative. The coin traded for around $200 when we started our Ethereum mining experiment in July 2017, and throughout the fall, its value slowly crept up past the $300 and $400 marks. By mid-December the cryptocurrency craze was in full swing, and Ethereum's value reached $800. Then, in the first week of January 2018, i Continue reading >>

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's Dec 27, 2017 at 12:45 UTC|UpdatedDec 27, 2017 at 20:58 UTC Jez San is CEO of FunFair Technologies, an ethereum-powered casinoplatform. A vocal supporter and critic of blockchain technologies, San wasalso a pioneer in real-time, 3D games. The following article is an exclusive contribution to CoinDesk's 2017 in Review series. As a long time investor in bitcoin and cryptocurrencies, 2017 has been remarkable. But it's important to remember, this is really just the beginning. Despite the valuations, major protocols remain deficient in delivering value to users. Bitcoin with it'shigh fees and slow transaction times is hardly suitable for payments - spending the same fee whether you buy a coffee or send $100,000 is a joke and thepromise of scaling solutions such as the Lightning Network hasn't been fulfilled. Suffice to say, its new positioning as a store of value is precarious, even if,judging by the huge uptick in bitcoin price, the store of value narrative is winning for now. While there's no shortage of old and new believers to keep the party going, along with plenty of developers working to create better, forked versions of bitcoin, I'm betting my chips on a more flexible alternative. The door is wide open for blockchains that use smart contracts , like ethereum, and I believe their potential market dwarfs that of "store of value" chains. Platforms like ethereum are an operating system for decentralized finance and commerce. Think of bitcoin as DOS and ethereum as Windows or Mac OS. There is nothing wrong with DOS. It came first and was an essential part of the computer's success. Us geeks grew up on DOS, but computers only went mainstream when Windows and Mac OS appeared.DOS is difficult to learn, tricky to program and fe Continue reading >>

It Is No Longer Worth It To Build An Ethereum Mining Rig

It Is No Longer Worth It To Build An Ethereum Mining Rig

It Is No Longer Worth It To Build An Ethereum Mining Rig Building an Ethereum mining rig hasnt been worth it for months, and soon they will be completely obsolete. Goodnight, sweet prince. Image: Daniel Oberhaus/Motherboard Back in May I wrote a guide explaining how to build an Ethereum mining rig , a special type of computer that forms the backbone of the Ethereum network and earns ether, the digital currency native to the network, for its owner. Shortly thereafter, Motherboard also made a video documenting this process . Since then, Ive received countless emails from readers inquiring about my mining rig. Ive received three such emails this week. The most common question voiced by these readers is whether or not it is still worth it to build a mining rig. The answer to this question is no. Building an Ethereum mining rig hasnt been worth it for months and a few months from now, mining ether will be completely obsolete. Read More: An Idiot's Guide to Building an Ethereum Mining Rig Arguably, building an Ethereum mining rig wasnt even worth it when I built my machine in May, and many readers let me know this when the article and video first came out. This is somewhat true, but there is a necessary caveat here. Mining ether also wasnt worth it for about the first year and a half of the cryptocurrencys existence. The price of ether hovered around $10 from 2015 until early 2017, when it saw a spike to $25. This was important because it meant the value of the ether being mined was higher than the cost of the electricity that was needed to mine it. In other words, until that point small scale mines were operating at a loss in the belief that the tokens they were mining would someday be worth a lot more money. In hindsight, these early miners were rightthe price of ether has Continue reading >>

Eth Difficulty

Eth Difficulty

Hi, on Novemer 16 I see the ETH difficulty dropped significantly. Will it drop again or it will rise hyperbolic like right now? It was not in November, it was October 16 and no, it will not. It did because it lowered the reward to 3 eth, so in turn the profit was the same as when the difficulty was before the fork, now the profits halved again and soon eth will not be profitable unless eth rises in price again, eth difficulty is rising cause noobs are buying rx 580 for $800 for 5% return but soon will be 2% and then 0%. BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR Don't listen to Metroid, he is an depressive man who is around here (mining forum) to tell everyone that "soon mining will not be profitable" i think he just want new miners stop mining. Don't listen to Metroid, he is an depressive man who is around here (mining forum) to tell everyone that "soon mining will not be profitable" i think he just want new miners stop mining. )) My question was, will the difficulty drop again and answer was no. Clear. So how is that "difficulty bomb"? What is that exactly? I thought it is some kind of correction to difficulty to be not so high to allow still miners to mine. Or? The next change will likely be hybrid pos and pow and nothing will change about difficulty. So this is it, the end of mining eth is closer. BTC Address: 1DH4ok85VdFAe47fSVXNVctxkFhUv4ujbR Quote from: Metroid on January 26, 2018, 08:59:28 AM The next change will likely be hybrid pos and pow and nothing will change about difficulty. So this is it, the end of mining eth is closer. Well the end of ETH mining will not be the end of the world. What do you think it will do to the price of ETH when mining will not be possible anymore? In the end is supply and demand and eth pos will offer from 3 to 15% return to Continue reading >>

Top 3 Ethereum Project Price Predictions For 2018

Top 3 Ethereum Project Price Predictions For 2018

You might also like Litecoin Price Predictions 2018 I wrote this headline in June 2017, not sure if I should keep it when I will update the article next time. The price of an Ether should outperform that of a Bitcoin for the coming duration. What this means is that a dollar invested in Ether will return a higher ROI than investing the same dollar in Bitcoin. This indeed can be hard to believe in December 2017 when looking at Bitcoin price, but we all know that less than 4 weeks ago it was under $6,000. Most likely Bitcoin its being used by short term investors these days. In fact, the CEO of hedge fund Polychain Capital, Olaf Carlson-Wee, is of the opinion that the entire market capitalization of Ethereum will exceed that of Bitcoin by the end of this year. At least, thats his Ethereum price predictions for 2018. You can read here my BITCOIN PRICE Predictions for 2018 . There is plenty of evidence to support Olafs view. On the one hand, the previously mentioned 20-fold explosion of Ether in 4 months versus the 8.5 times growth of Bitcoin in a year and a half. Besides that, the fact that Bitcoin has lost almost half of its market share to Ethereum during the past four months. To put matters into perspective, four months ago, 90% of all money invested in cryptocurrency was invested into Bitcoin. Curiously, this number has dropped to somewhere around 45%. Conversely, Ethereums share of the total money invested has increased four times in size, making it approach the 30% area. Another indicator showing that Ether can overtake Bitcoin can be found by looking at whos backing each type of currency, as well as why they are backing said currency. Bitcoins focus on payment technology makes it popular with governments, such as Japans and Chinas governments. On the other hand, Eth Continue reading >>

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