Ethereum mining would end this year, developers confirm

Ethereum mining would end this year, developers confirm

Key facts:
  • The activation of the difficulty bomb is scheduled for the end of June 2022.

  • In future tests it will be determined if the decision not to postpone the difficulty bomb is maintained.

In the most recent call (virtual meeting) of Ethereum developers it was decided not to postpone the difficulty bomb. The reason is that the merger, that is, the definitive passage to version 2.0 of the network, could take place a little after the middle of this year.

The difficulty bomb in Ethereum is a mechanism that makes mining more complicated in order to dissuade miners from practicing it, because their rewards would be reduced. According to estimates, it could be activated on June 29, 2022.

During the developers last callheld at the end of this week, the participants expressed hope that the merger – an event in which the current Ethereum network will be combined with the new version – will take place during the summer (in the northern hemisphere).

Anyway, the decision not to postpone the difficulty bomb is not final. During the next four weeks, various tests will be carried out and, based on the results, it will be decided what to do. This was explained by Tim Beiko, developer of the Ethereum Foundation:

“Realistically, we even have like four weeks to make a call. I think it’s worth moving forward with testing, seeing how far we feel we are into the process two weeks from now, and looking at it again then.”

Tim Beiko, Developer at the Ethereum Foundation

The decision not to delay the difficulty bomb, after extensive debate, was made after Danny Ryan, a researcher at the Ethereum Foundation, explained why avoiding the delay is the best option. According to him, pushing the pump back too far could make life easier for a proof-of-stake (wanted to be deleted) on Ethereum after the merger upgrade goes live.

Ethereum mining would end this year, developers confirm
The website wenmerge.com shows how long it will take before the difficulty bomb is estimated to “explode”. Source: Screenshot/ wenmerge.com

According to Christine Kim, a researcher at Galaxy Digital HQ, that argument is not solid. For her, having to make changes at the last minute, if necessary, will cause “undue stress for developers.” the specialist is convinced that the delay in agreeing on what to do is a matter of appearances.

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Ethereum mining would end this year, developers confirm

“As much as developers know the merger will happen when it does, they probably don’t want to be bombarded with more criticism, hysteria, and misguided media saying the merger won’t happen, or will happen in December just because the bomb was pushed.” around that date.”

Christina Kim, Researcher at Galaxy Digital HQ

New tests will determine the near future of Ethereum

The implementation of the difficulty bomb has been delayed several times. As reported by CriptoNoticias, the last of these delays was in December 2021, because the conditions were not met to definitively pass the proof of participation that Ethereum 2.0 brings with it.

Now, several tests of the fusion have already given successful results, and new experiments are planned for the coming days and weeks. If everything goes as expected, Beiko’s advice could be validated, who days ago recommended to stop investing in Ethereum mining equipment, as these would soon cease to be profitable.

See also  “I forked Ethereum once and I will do it again”, says miner

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