Ethereum mining difficulty: new jump

What is the reason for new jump of Ethereum mining difficulty and what effect it has on Ethereum price?
22 September 2017   3961

For the last 24 hours, Ethereum mining difficulty increased by 1.16 times. ETC mining difficulty is now almost 2405.383 TH.

Ethereum mining difficulty chart
Ethereum mining difficulty chart

As you can see from a chart above, for less than 24 hours there was a huge jump. Let's figure out, what is the reason for it.

This situation can be caused by so called “Difficulty bomb impact”. 

Ethereum difficulty bomb impact
Ethereum difficulty bomb impact

What is Ethereum Ice Age? 

The Ethereum Ice Age is a difficulty adjustment scheme that was put in place to ensure that everyone has an incentive to move to the new blockchain once the hard-fork is implemented. It was introduced on the 7th of September (2015-09-07), about 11 months ago and it’s programmed to raise difficulty exponentially.

It’s impossible for miners to keep up with the increase of difficulty which would raise block time and it would make the blockchain freeze, hence the name Ice Age.

Ethereum Price Chart

Ethereum is down by 7.69% for less than 24 hours. Average price is $262.05.

Ethereum Price Chart
Ethereum Price Chart

ETH total market cap is $24.8B 

MetaMask App to be In Public Beta

The app is synchronized with the cryptowallet in the original browser extension allowing to register new addresses in a moment
24 July 2019   298

The developers of the MetaMask Ethereum wallet wallet have opened the way for everyone to test the beta version of a mobile application available for Android and iOS.

According to the developers, the application is synchronized with the cryptowallet in the initial browser extension. It also allows you to manage crypto-assets, send ETH users and ERC-20 and ERC-721 standard tokens using ENS names (Ethereum Name Service), and interact with decentralized applications (dApps).

In addition, the application supports InstaPay payment channels for instant and free transactions. It also implements Web3 functionality, support for IPFS and various solutions to ensure a high level of security.

The launch of the mobile application MetaMask was announced 9 months ago during the Devcon4 conference in Prague.