October 2022 Work Progress Report: Extra ETHW Rewards, Server Infrastructure Updates, ERGO Reward Reduction

Ethereum PoW (ETHW) Big Blocks

From time to time Ethereum network in past provided extra rewards for miners when it was overloaded. The mechanism was always quite simple. A high network load caused the ETH gas price growth which led to more expensive transactions for ETH users and higher rewards for ETH miners.

We noted the same situation happening in the EthereumPoW network this October.

A standard ETHW reward is usually 2 ETHW per block. However, on October 16th we saw x50 and even x75 rewards for a single block. Block #15 743 034 was the most successful one, bringing more than 152 ETHW to the miners.

ERGO Block Reward Reduction

Please pay attention that the block reward dropped from 48 ERG to 45 ERG at block 849 600 on October 10th.
2CryptoCalc calculator was updated.

ERGO block rewards are reduced every three months by 3 ERG/block.

More info could be found on ERG website.

That means we expect the next block reduction in January 2023.

New Servers and Cryptocurrency Node Updates

We always keep our servers in the best possible shape to provide our users with the best mining experience. We always update the servers to the most modern hardware when possible. This October we did a lot of work upgrading both our servers’ hardware and software. Some of the pools seamlessly moved from old servers to new ones.

We also updated some cryptocurrency nodes. This is the list of the most important node updates of October.

CKB 0.104.1 (f93b498 2022-09-07)
ZEN 3.2.0
XMR v0.18.1.2-release
Ergo Protocol Reference Client 4.0.105

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Author

The 2Miners pool co-founder, businessman, miner. In 2017 started mining cryptocurrencies and built many rigs on his own. As a result, he gained lots of practical knowledge and became interested in sharing it with others. In his articles on 2Miners, he shares useful tips that he tried and tested himself. For example, Darek gives advice on how to buy hardware components for the basic mining rig and how to connect them to each other correctly. He also explained lots of complicated terms in simple words, such as shares, mining luck, block types, and cryptocurrency wallets. After the pool was launched, he published a series of articles ‘Crypto Mythbusters’ where he explained how to protect the network against 51% attack, talked about cryptocurrency mining difficulty and difficulties of launching your own node.