Opinion: Ethereum hash rate will drop, as many miners will become useless

Fibo Quantum

Developer Christy Lei Minahan, in dialog with The Block, expressed the opinion that the favored Ethereum mining units will become useless because of the enhance in dimension DAG file.

Minhen, who labored on the ProgPoW answer, is assured that the exit of many units from the sport will trigger a quite sharp drop within the hash rate – by 20-30%. It will additionally create issues for decentralized software builders and make the Ethereum community weak to reorganization assaults.

Nonetheless engaged on the Proof-of-Work algorithm, the Ethereum system is sort of reminiscence intensive. At startup, every mining system should obtain a DAG file. The scale of the latter will increase with every mining period (30,000 blocks, roughly 5 days). In keeping with Investoon, the present dimension of the DAG file is 3.52 GB.

On the present dimension of the DAG file, it’s not potential, for instance, to mine Ethereum on Nvidia GTX 1060 Three GB graphics playing cards, however it’s nonetheless potential on the GTX1050Ti 4GB and GTX 1060 6GB

In keeping with a 2miners weblog submit, because of the enhance within the dimension of the DAG file, the broadly used Bitmain Antminer E3 ASIC will become useless for Ethereum mining on April eighth.

In keeping with the calculator on the F2Pool web site, at present Antminer E3 brings $ 1.14 revenue per day at an electrical energy value of $ 0.05 per kWh.

https://forklog.com/ "width =" 820 "peak =" 301 "srcset =" https://i1.wp.com/sunriseread.com/wp-content/uploads/2020/03/f2pool-1.png?w=1320&ssl=1 1539w, https://forklog.com /wp-content/uploads/f2pool-1-300x110.png 300w, https://forklog.com/wp-content/uploads/f2pool-1-1024x376.png 1024w, https://forklog.com/wp-content /uploads/f2pool-1-768x282.png 768w, https://forklog.com/wp-content/uploads/f2pool-1-1536x564.png 1536w, https://forklog.com/wp-content/uploads/f2pool -1-470x173.png 470w "sizes =" (max-width: 820px) 100vw, 820px "/><p id=In keeping with F2Pool, now the most efficient Ethereum mining units are Innosilicon A10 and a system based mostly on Nvidia’s TITAN V graphics playing cards.

Recall that towards the background of a current drop in bitcoin hashrate, the entire computing energy of Ethereum remained comparatively steady.

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