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.
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.
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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