The difficulty of Ethereum mining boomed again today, from 1800 to 2240!
How long can this happen before miners switch to another cryptocurrency? What will happen with the Ethereum network if it is still PoW (proof of work)? Will there be enough computing power to confirm all the transaction?
Leave your opinion at the comments!
At this rate ETH will need to move to PoS quite soon.... rumors back in April were saying we will move in Q4... still we have no real confirmation about it... but in 3 months the mining return decreased of 60%... not sure I will keep ETH for many months...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
So you think by turning to PoS the price will fall?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
as initial shock yes, but only because people are in general afraid of chances... from a technology point of view the price should increase as transactions are going to be way faster and fees way lower...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit