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The Ethereum network will soon carry out a scheduled upgrade called “Arrow Glacier”, which is designed to imitate the “Muir Glacier” upgrade. In essence, Ethereum’s Arrow Glacier changed the parameter of the network difficulty bomb delay to June 2022. This will take the Ethereum network another six months until it leads to the “Ice Age” Proof of Stake (PoS) transition.
Arrow Glacier aims to postpone the ice age of Ethereum
When the Ethereum block height is 13,773,000, the network will implement Arrow Glacier Upgrade Designed to delay the difficulty bomb of Ethereum. The bomb mechanism has existed since 2015 and has made the network’s mining more difficult over time. The end result will lead to the Ice Age, the moment when the blockchain stops Proof of Work (PoW) block production and the chain is 100% dependent on the Proof of Stake (PoS) consensus.
The difficulty bomb should happen after 4,000,000 blocks or 611 days Muir Glacier Network upgrade. However, Arrow Glacier will push the bomb back to June 2022. This will give Ethereum PoW miners another six months to continue mining the Ethereum blockchain until June 2022 changes. Once the difficulty bomb does happen, the mining difficulty will make it a PoW miner and be eliminated because it is too difficult.
Arrow Glacier is expected to occur between now and Wednesday, December 8, 2021. “Similar to Muir Glacier, the Arrow Glacier network upgrade changed the parameters of the ice age/difficulty bomb and delayed it for a few months,” the Ethereum developer explained. “This has also been completed in the network upgrades of Byzantium, Constantinople and London. As part of Arrow Glacier, no other changes have been introduced.” The announcement added:
The difficulty bomb only affects the proof-of-work network, so it only exists on the Ethereum main network and the Ropsten test network.along with Recent progress For the transition of Ethereum to Proof of Stake, it was decided to temporarily delay the bomb on the mainnet and try to run the Proof of Stake transition on Ropsten before the bomb on the network exploded.
Ethereum’s hash rate hits a record high, and Ether is the second most profitable token in 2021
Although Ethereum network participants have been waiting for a long time for the Ice Age PoS transition, Ethereum miners have been enjoying PoW incentives. In the early morning of December 7, Ethereum’s computing power Achieve 1 petahash (PH/s) per second. The recorded index is the highest value of hash rate in history. At present, the processing power of Ethereum is sliding at a speed of 900 tera hashes per second (TH/s).
In addition, in addition to Kadena (KDA) mining, Ethereum (ETH) Mining is currently The second most profitable cryptocurrency Mine today. At $0.12 per kilowatt hour (kWh) and today’s Ether exchange rate, a machine with 1,500 megahash per second (MH/s) can earn approximately $91 per day. The profit of mining Ethereum with the most profitable Ethereum mining machine is 68.85% higher than mining Bitcoin (BTC) Using today’s best performing SHA256 Bitcoin miner, the daily profit exceeds 28 US dollars.
What do you think of the upcoming Arrow Glacier upgrade? Please tell us your thoughts on this topic in the comments section below.
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