Jump to content
Kargai

Ethereum's Network Upgrade to Reduce Mining Rewards By 33%

Recommended Posts

Ethereum's blockchain will have a new hard fork in the coming months (named Constantinople) and the goals are (among other things) to improve the network efficiency, the fee structure and to prepare the blockchain to scale effectively in the future. In fact they plan to be able to manage 1 million transactions per second.

That seem great for the nerwork and for Ethereum who suffered a big drop and some bad press recently ... but not for the miners. Because the reward for mining ETH will be less interesting. 

"The hard fork will reduce the payout to miners from 3 ETH to 2 ETH for every block mined on the Ethereum blockchain."

Source : https://www.cryptoglobe.com/latest/2018/09/constantinople-ethereum-s-network-upgrade-to-reduce-mining-rewards-by-33/

So if you mine coins or want to start to do it ... better to forget ETH probably :)

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×