Ethereum Classic to Remove the Difficulty Bomb via Fork

Difficulty Bomb will be removed from Ethereum Classic Mainnet at block 5,900,000 in order to avoid collapse of the network
04 April 2018   5178

Ethereum Classic, a continuation of the original Ethereum blockchain, is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

This ECIP new monetary policy of Ethereum Classic proposes removing Difficulty Bomb from Ethereum Classic Mainnet at block 5,900,000 in order to avoid collapse of the network. The growing Difficulty Bomb above 20% of standard difficulty is dangerous, and the latest safe block to enable new hardfork would be 6,100,000 with 550Gh of extra difficulty. Although considering the hardfork boundaries proposed by Ethereum Classic developers, block 5,900,000 was chosen for the hardfork.

Ethereum Classic fork infoEthereum Classic fork info

Block 5,900,000 is expected in May 2018 and will require 137Gh of additional difficulty. It’s an optimal block under current circumstances. It is worth noting that there will be no "free coins" with this fork, as it is a network improvement.

Implementaion:

if (block.number >= diffuse_block) {
    extra_difficulty = 0
} else {
    explosion = PREVIOUS_FORMULA
    extra_difficulty = int(2**explosion) 
}

block_diff = parent_diff 
      + parent_diff / 2048 * max(1 - (block_timestamp - parent_timestamp) / 10, -99) 
      + extra_difficulty

At the moment of press, these are main market parameters of Ethereum Classic:

  • Average price: $13,94 
  • Marketcap: $1 406 839 671
  • 24h volume: $99 729 900

BTC.com to Mine ETH and ETC

New pool will support the mining with video cards and CPUs
30 August 2018   534

Sponsored by the Chinese mining giant Bitmain, BTC.com mining pool expands its service by adding the ability to mine Ethereum and Ethereum Classic, CoinDesk reports.

BTC.com, which claims that its share accounted for 21% of all blocks of bitcoin mined last year, will add new functionality on its portal pool.btc.com. The service will allow the miners to switch their hash capacity from one pool to another, depending on what it seems most appropriate in a specific market environment.

According to the announcement, thus BTC.com wants to "help Ethereum to scale its mining infrastructure".

GPU miners are versatile, still profitable and are not easily replaced in a bear market. It's common for miners to split investment into both. Also, there are already ASIC miners for ethereum and ethereum classic which are easier to set up and are dedicated to ethash mining. This will save us from supporting a huge list of GPU coins simultaneously.
 

Zhong Zhuang

Bitman

Company note that the new pool will support the mining with video cards and CPUs, despite the fact that this year Bitmain released its own ASIC-miner, focused on the Ethereum.

In the future, BTC.com may launch other mining pools targeting "popular coins", such as Litecoin, ZCash and Monero, but Zhuang refrained from more specific applications. Before any decision is taken, the company needs to evaluate the network of the cryptocurrency, the quality of its code, the roadmap and the volume of trades, he explained.