Ethereum Fair’s Upgrade from a Miner’s Perspective
On March 16th, according to Ethereum Fair’s Twitter message, Ethereum Fair’s main network will be upgraded in Milan on March 20th. This upgrade includes halving the rewards per 3 million blocks and canceling the tertiary block rewards. The current block rewards are modified to 1 ETHF, and the DAG height is modified to allow more mining machines to participate, with a total limit of 210 million. Ethereum Fair is the first bifurcation in the world after ETH was transferred to POS, with POW reserved.
Ethereum Fair announced a Milan upgrade on March 20th
Analysis based on this information:
Ethereum Fair has announced that its main network will undergo an upgrade on March 20th, which will significantly impact miners. This upgrade includes halving the rewards per 3 million blocks, cancelling the tertiary block rewards, modifying the current block rewards to 1 ETHF and altering the DAG height. The upgrade limits the total mining machines to 210 million.
For miners, this upgrade will significantly impact their rewards. The halving of rewards per 3 million blocks, and the cancellation of tertiary block rewards, will limit a miner’s potential income. Furthermore, the modification of current block rewards to 1 ETHF will require significant amounts of resources to mine, while the DAG height modification will make more mining machines participate in mining activities.
Ethereum Fair was the first bifurcation in the world after ETH was transferred to POS, with POW reserved. This indicates that Ethereum Fair continues to rely on proof-of-work (POW), while other blockchain networks have shifted their reliance to proof-of-stake (POS). The decision to reserve POW is expected to ensure that miners can still work on the network, while the shift to POS on other blockchains has limited miner activities.
In conclusion, Ethereum Fair’s upgrade on March 20th will significantly impact miners’ rewards. This upgrade limits the potential of miners’ income and requires more resources to mine. However, Ethereum Fair’s reliance on POW makes it unique compared to other blockchains that are now dominated by POS. For miners, this is an opportunity to earn rewards on a network that still relies on mining activities.
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