In the Ethereum network, the “complexity bomb” is activated, reducing emissions by 25%

The daily rewards for mining blocks in the Ethereum network have dropped from 20,000 to 15,000 ETH after the bomb has been activated. Thus, a soft version of the “ice age” was launched, which will last until the activation of the hardfork of Constantinople, expected on February 27 , writes Trustnodes .

After upgrading the main network of Ethereum, the reward size will be reduced from 3 ETH per unit to 2 ETH, and the launch of the next “complexity bomb” will be postponed for a year.

Due to the increase in block mining time, the bi-weekly issue of the coin will fall by about 2000 ETH. If Constantinople does not activate, the difficulty may increase to the level when it will be impossible to extract even one block on the Ethereum network.

Now, the time it takes to extract one Ethereum unit is about 18 seconds on average, at the previous stage it took 15 seconds. The size of the commissions remains at the level of half a cent.

According to CoinMarketCap, over the past 24 hours the price of Ethereum has risen to $ 108.

Recall that earlier in January, representatives of the mining pools stated that the implementation of the EIP-1234 pattern in Constantinople, which reduces the block reward to 2 ETH, will immediately put pressure on the entire mining economy .

Subscribe to BlockchainJournal news on VK !