Ethereum London Hard Fork? What does it mean for miners?

Shorter thoughts and general discussion of cryptocurrency related topics
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Ilovecoffee
Posts: 5
Joined: Sat May 15, 2021 8:32 pm

Ethereum London Hard Fork? What does it mean for miners?

Post by Ilovecoffee » Wed Jul 07, 2021 10:44 am

Hey everone,

Still a noob here, I'm trying to understand what impact if any the August 5 london hard fork will have on ethash mining?

Will I have to upgrade my mining software? (I'm using phoenixminer)

Will the amount of ethereum I'm currently mining on average drop?

Wondering if anyone can shed light on this.
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Steve Sokolowski
Posts: 4465
Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Re: Ethereum London Hard Fork? What does it mean for miners?

Post by Steve Sokolowski » Wed Jul 07, 2021 2:37 pm

Ilovecoffee wrote: Wed Jul 07, 2021 10:44 am Hey everone,

Still a noob here, I'm trying to understand what impact if any the August 5 london hard fork will have on ethash mining?

Will I have to upgrade my mining software? (I'm using phoenixminer)

Will the amount of ethereum I'm currently mining on average drop?

Wondering if anyone can shed light on this.
This is a non-market question, so I'm going to move it to the "non-market discussion" forum.
cccrrr343
Posts: 1
Joined: Sun Jul 18, 2021 1:33 am

Re: Ethereum London Hard Fork? What does it mean for miners?

Post by cccrrr343 » Sun Jul 18, 2021 1:58 am

I believe it is going to cause a fairly significant decrease in profitability for miners unfortunately, although overall I think it will be good for the Ethereum network to try and bring these gas prices down.
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