According to data from Ethernodes, the Ethereum network has completed the Arrow Glacier upgrade at a block height of 13,773,000 at 3:55 am Beijing time today. This upgrade includes the EIP-4345 proposal, which will postpone the Ethereum difficulty bomb until 2022. June.

The difficulty bomb is a switch that causes the difficulty of mining to rise rapidly in Ethereum mining. Difficulty Bomb is a mechanism that freezes mining when the Ethereum network transitions from PoW (Proof-of-Work) to PoS (Proof of Stake). It aims to increase the difficulty of generating blocks. In order to extend the block time, the ultimate goal is to reduce the profit of POW mining.

The difficulty bomb has been activated four times in history and has been postponed four times. The four delays occurred in the Byzantine upgrade, Constantinople upgrade, Muir Glacier upgrade, and the just-concluded London upgrade. there is a greater opportunity for miners as the Ethereum difficulty bomb is postponed again, 

The average transaction cost of Ethereum has increased after the implementation of EIP-1559. Due to the high transaction fee of Ethereum, the income of Ethereum miners has surpassed that of Bitcoin miners, and with the advancement of 2.0, the economic value brought by ETH destruction is gradually becoming more prominent. Although buying a mining machine to invest in Ethereum mining may involve certain risks, it also means extremely high returns to the miners.

Tim Beiko, the core developer of Ethereum, stated that the difficulty bomb is intended to slow or freeze mining activities on Ethereum. After this upgrade is completed, the difficulty bomb will be postponed to June 2022. At that time, developers expect Ethereum PoW to be converted to PoS.

The delay of the difficulty bomb is definitely a good thing for miners. The high price of Ethereum now means that miners around the world can continue to use graphics cards to mine Ethereum for profit. RHY provides a variety of plans to users to mine Ether, and our customer service will deliver the best service and the most suitable product to users with their needs. 

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