A thread on the history of $ETH mining & the difficulty bomb 1/ Since ETH's genesis, there have been many upgrades via hard forks (black lines). It's 1st hard fork introduced a difficulty bomb (red line)

Feb 6, 2020 · 4:04 PM UTC

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2/ The idea behind the difficulty bomb was to gradually increase mining difficulty at a certain block number w/ the goal to simply make it too hard for anyone to find a block. This would incentivize the switch from PoW to PoS blog.ethereum.org/2015/08/04…

Ethereum Protocol Update 1 | Ethereum Foundation Blog

Here comes the first Frontier patch, and this is a big one! Before you go further, if your keys date back from Go 1.0 rc or C++ 0.9.36, note that you should...

blog.ethereum.org
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3/ The impact of the difficulty bomb is apparent as daily block count dwindled starting in mid-2017 (chart 👇) This, however, did not stop miners Despite declining blocks mined and hashrate growth through 2017, $ETH mining was profitable due to the parabolic rise in $ETH price
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4/ Following Byzantium (another hard fork) in late 2017, the hashrate skyrocketed as ETH prices hit an ATH (chart 👇); maintaining these hashrate highs through late-2018.
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5/ Since Byzantium, the majority of hard forks have delayed the difficulty bomb to a future block. Will Ethereum reach version 2.0? @thetokenanalyst will be watching 👓 Data - docs.tokenanalyst.io Charts/research - @dangjeremy3
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Replying to @thetokenanalyst @ETHGlobal
@econoar @antiprosynth you might find this interesting
Replying to @thetokenanalyst @ETHGlobal
Nice Timeline of ETH upgrades.
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