Ethereum Daily Mining Rewards Аre at Lowest Level Ever Reported

According to Etherscan, on Feb. 10, 13,370 new ETH have been created, down from over 20 thousand in December 2018 and an all-time-high of over 39 thousand reported on July 30, 2015. The recent sharp decrease in the quantity of newly mined ETH was evidently caused by a sudden increase in Ethereum mining difficulty, which Etherscan data revealed on Feb. 10.

As Cointelegraph reported in September last year, Ethereum’s core developers decided on their regularmeeting on August 31, 2018 to delay the so-called “difficulty bomb,” by agreeing to include the code for such a change into the upcoming Constantinople hard fork.

The difficulty bomb, also known as Ethereum’s “ice age,” is a mechanism implemented on the Ethereum chain which makes Proof of Work (PoW) mining ETH progressively harder (increasing the difficulty).

Reference: https://cointelegraph.com/news/ethereum-daily-mining-rewards-are-at-lowest-level-ever-reported

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