{"id":4026,"date":"2022-07-01T10:03:42","date_gmt":"2022-07-01T10:03:42","guid":{"rendered":"https:\/\/2miners.com\/blog\/?p=4026"},"modified":"2022-10-03T09:35:36","modified_gmt":"2022-10-03T09:35:36","slug":"june-2022-work-progress-report-ethereum-difficulty-bomb-delayed-ergo-reward-reduction","status":"publish","type":"post","link":"https:\/\/2miners.com\/blog\/june-2022-work-progress-report-ethereum-difficulty-bomb-delayed-ergo-reward-reduction\/","title":{"rendered":"June 2022 Work Progress Report: Ethereum Difficulty Bomb Delayed, Ergo Reward Reduction"},"content":{"rendered":"<p>Ethereum difficulty bomb delayed, zero fees in Firo pool after the halving, Ergo block reward reduction, cryptocurrency node updates.<\/p>\n<p><!--more--><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2019\/06\/Frame-1.png\" alt=\"June Report\" width=\"700\" height=\"400\" class=\"alignnone size-full wp-image-1659\" data-wp-pid=\"1659\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2019\/06\/Frame-1.png 700w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2019\/06\/Frame-1-300x171.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/p>\n<h2>Ethereum Difficulty Bomb Delayed<\/h2>\n<p>Ethereum Grey Glacier hardfork activated at Block 15 050 000. The difficulty bomb has been postponed to <a href=\"https:\/\/github.com\/ethereum\/EIPs\/blob\/master\/EIPS\/eip-5133.md\">mid-September<\/a>. ETH block time has dropped back from 16 sec to 13 sec.<\/p>\n<blockquote><p>More blocks in the network -> More rewards for the miners!<\/p><\/blockquote>\n<p>You could always check the current block time of the Ethereum Network in <a href=\"https:\/\/2cryptocalc.com\/eth-mining-calculator\">2CryptoCalc<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/time.png\" alt=\"\" width=\"2828\" height=\"648\" class=\"alignnone size-full wp-image-4033\" data-wp-pid=\"4033\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/time.png 2828w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/time-300x69.png 300w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/time-1024x235.png 1024w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/time-768x176.png 768w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/time-1536x352.png 1536w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/time-2048x469.png 2048w\" sizes=\"auto, (max-width: 2828px) 100vw, 2828px\" \/><\/p>\n<p>This month we released the post about the future transition from POW to POS in the Ethereum network. Read <a href=\"https:\/\/2miners.com\/blog\/choosing-proof-of-stake-over-mining-is-ethereums-biggest-mistake-and-here-is-why\/\">Choosing Proof-of-Stake Over Mining Is Ethereum\u2019s Biggest Mistake and Here Is Why<\/a>. In this article, we explained why quitting GPU mining is Ethereum\u2019s biggest mistake.<\/p>\n<p>If you have no time to read our latest post on the ETH future, Son of a Tech is reading it for you on YouTube.<\/p>\n<p><iframe loading=\"lazy\" title=\"Ethereum Is About to Make it&#039;s Biggest Mistake\" width=\"525\" height=\"295\" src=\"https:\/\/www.youtube.com\/embed\/_yMATC-UO_I?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>No Fees for FIRO<\/h2>\n<p>FIRO halving happened on June 16.<\/p>\n<blockquote><p>The block reward was reduced from 6.25 FIRO to 1.5625 FIRO. The block time was reduced from 5 minutes to 2.5 minutes. That means all the miners now get two times fewer rewards than before.<\/p><\/blockquote>\n<p><a href=\"https:\/\/2cryptocalc.com\/firo-mining-calculator\">2CryptoCalc<\/a> was updated. You could read all the FIRO release details on <a href=\"https:\/\/github.com\/firoorg\/firo\/releases\/tag\/v0.14.10.0\">GitHub<\/a>.<\/p>\n<p>To further support the miners who have their block rewards reduced due to the change in the <a href=\"https:\/\/firo.org\/2022\/05\/08\/firo-upcoming-tokenomics-change.html\">monetary policy<\/a> of FIRO devs, 2Miners pool is completely removing its commission, making it 0%.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/0_fee.png\" alt=\"No fees for Firo\" width=\"1426\" height=\"939\" class=\"alignnone size-full wp-image-4029\" data-wp-pid=\"4029\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/0_fee.png 1426w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/0_fee-300x198.png 300w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/0_fee-1024x674.png 1024w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/0_fee-768x506.png 768w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/0_fee-1200x790.png 1200w\" sizes=\"auto, (max-width: 1426px) 100vw, 1426px\" \/><\/p>\n<p>From now on all the mined FIRO coins are paid to our miners. No matter if they mine in the Pool or Solo.<\/p>\n<p>Pool: <a href=\"https:\/\/firo.2miners.com\">firo.2miners.com<\/a><br \/>\nSolo: <a href=\"https:\/\/solo-firo.2miners.com\">solo-firo.2miners.com<\/a><\/p>\n<p>The change is immediately in effect and will last until further notice.<\/p>\n<h2>ERGO Block Reward Drops<\/h2>\n<p>Please pay attention that the ERGO block reward dropped from 63 ERG to 51 ERG at block 777 217 on June 22. <a href=\"https:\/\/2cryptocalc.com\/erg-mining-calculator\">2CryptoCalc<\/a> was updated.<\/p>\n<p>Unfortunately, another block reward reduction happens at the beginning of July.<\/p>\n<blockquote><p>Block rewards are reduced every three months by 3 ERG\/block. Based on the emission schedule, the next reduction in rewards will take place around July 2, 2022. The block rewards will be reduced by 3 ERG, therefore the total reward for each block will be 48 ERG. Three months from that date, the block rewards will be 45 ERG\/block, and so on. This reduction schedule will continue until block rewards are 3 ERG\/block. Block rewards will remain steady at 3 ERG\/block until the remission contract has been depleted.<\/p><\/blockquote>\n<p>More information could be found on <a href=\"https:\/\/ergoplatform.org\/en\/blog\/Ergos-Reemission-Vote-EIP27-A-Path-to-Sustained-Growth\/\">ERGO website<\/a>.<\/p>\n<h2>Node Updates<\/h2>\n<p>These cryptocurrency nodes were updated in June by 2Miners.<\/p>\n<ul>\n<li>Beam Node Groovy Gluon 7.0.13064<\/li>\n<li>Ergo Protocol Reference Client 4.0.31<\/li>\n<li>ETC CoreGeth\/v1.12.7-stable-a374c2e8<\/li>\n<li>ETH Geth for Grey Glacier hardfork<\/li>\n<\/ul>\n<h2>ETH High MEV Blocks<\/h2>\n<p>We&#8217;ve seen a couple of nice blocks series in 2Miners Ethereum Pool in June. For example block number <a href=\"https:\/\/etherscan.io\/block\/14959135\">14 959 135<\/a> brought almost 165 ETH of <a href=\"https:\/\/2miners.zendesk.com\/hc\/en-us\/articles\/360059392311-What-are-MEV-rewards-How-is-MEV-distributed-\">MEV<\/a> to the miners of the <a href=\"https:\/\/eth.2miners.com\/\">Ethereum pool<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/164_MEV.jpg\" alt=\"164_MEV\" width=\"1280\" height=\"960\" class=\"alignnone size-full wp-image-4030\" data-wp-pid=\"4030\" srcset=\"https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/164_MEV.jpg 1280w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/164_MEV-300x225.jpg 300w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/164_MEV-1024x768.jpg 1024w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/164_MEV-768x576.jpg 768w, https:\/\/2miners.com\/blog\/wp-content\/uploads\/2022\/06\/164_MEV-1200x900.jpg 1200w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<p>You could always find the recent blocks on the <a href=\"https:\/\/eth.2miners.com\/blocks\">blocks page<\/a> of the Ethereum pool. <\/p>\n<p>We welcome you to join our <a href=\"https:\/\/t.me\/chat2miners\">miner community in Telegram<\/a> or one of the local chats in <a href=\"https:\/\/t.me\/pool_2btc\">Russian<\/a>, <a href=\"https:\/\/t.me\/chat2Miners_turkish\">Turkish<\/a>, <a href=\"https:\/\/t.me\/chat2Miners_spanish\">Spanish<\/a>, and <a href=\"https:\/\/t.me\/chat2miners_chinese\">Chinese<\/a>.<\/p>\n<p>Remember to follow us on <a href=\"https:\/\/twitter.com\/pool2miners\"><b>Twitter<\/b><\/a> to get all the news as soon as possible.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum difficulty bomb delayed, zero fees in Firo pool after the halving, Ergo block reward reduction, cryptocurrency node updates.<\/p>\n","protected":false},"author":4,"featured_media":1659,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>June 2022 Work Progress Report: Ethereum Difficulty Bomb Delayed, Ergo Reward Reduction - Crypto Mining Blog<\/title>\n<meta name=\"description\" content=\"Ethereum difficulty bomb delayed, zero fees in Firo pool after the halving, Ergo block reward reduction, cryptocurrency node updates. 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