Will the mining income increase or decrease if the ETH fork is successful?

ETH has completed the Constantinople/Saint Petersburg hard fork at 3:52 am Beijing time on March 1. This major event has attracted countless people's attention long before the fork. After all, every hard fork of an important currency will bring a storm of blood and rain, just like the BCH fork not long ago. The fierce battle for computing power between BCHABC and BCHSV once caused a sharp drop in the price of Bitcoin, which is very regrettable.

Next, Xiaoyang will show you what changes were made in the Constantinople/St. Petersburg hard fork of Ethereum.

Ethereum plans to transform to the PoS consensus mechanism in the future. As early as October last year, it decided to launch a hard fork named Constantinople. However, due to the discovery of vulnerabilities, it was delayed again and again until the end of February this year. According to the latest announcement, in addition to changing the time of the restarted upgrade, "Constantinople" was also renamed "Constantinople/Saint Petersburg". The reason for the name change is that after the original "Constantinople" was postponed, it was necessary to upgrade two protocols at the same time on the same block and fix problems such as "Ropsten" on various test networks.

This upgrade occurred at a height of 7,280,000 , and was mainly aimed at improving the existing Ethereum underlying virtual machine (EVM), paving the way for the subsequent launch of the PoS test network, and shifting from the PoW mechanism to the PoW+PoS hybrid mechanism, thus completely entering the transition period before the "tranquility" stage.

For miners, basically no operation is required. Miners who use node wallets only need to download the latest client according to the official website notification.

Official website notification link:

https://blog.ethereum.org/2019/02/22/ethereum-constantinople-st-petersburg-upgrade-announcement/

As for the income issue that miners are most concerned about, according to the adjustment rules for mining rewards in this hard fork, the mining reward is reduced from 3 ETH to 2 ETH, and the difficulty bomb is delayed. The current block time is about 14s. Xiaoyang calculated based on the latest data that, without considering the price of the currency, the mining income of miners has dropped slightly by about 3%.

How will the mining income change in the future? Let’s continue to pay attention.