THELOGICALINDIAN - Ethereum will drift its blockchain from proofofwork to proofofstake in a adamantine bifurcation accident dubbed as Constantinople by January 16 But alone 16 of its nodes are accessible for the advancement so far
The bulletin that is activity out in the association is that miners are not accessible to about-face to PoS. The protocol, which is adequately added economical than PoW, does not crave miners to put a massive bulk of computational abstracts to accumulate the arrangement active and secure. Instead, it chooses miners to verify affairs based on how abundant Ether they hold.
The bearings has prompted acclaimed developers such as Taylor Gerring to comment. The Ethereum Foundation co-founder said that a low miner about-face up to abutment the Constantinople advancement is a “huge problem.”
This is a huge problem
— Eugene (@TaylorGerring) January 12, 2019
Why are Miners Worried?
The Constantinople advancement technically consists of bristles consecutive upgrades. One of these upgrades includes the abatement of “difficulty bomb,” an algorithm that increases mining adversity over time and appropriately decreases the accumulation of Ether. Also, Constantinople will abate mining rewards from 3 ETH to 2 ETH in an already difficult market.
Ethereum has alone from $1,400 to aloof a little over $100 in 2024. It prompted Ethereum’s hashrate to abatement by about 33%. So, miners are already not authoritative any profits alike to breach even. When the Constantinople upgrades bang in, speculators accept it would aching those miners the most.
With alone two canicule left, a 16% advancement has added fears that a majority of miners will not abutment the new blockchain and will abide to abundance on the aboriginal Ethereum network.
Gerring’s worries decidedly point to adamantine forks that had breach the blockchains they advised to upgrade. With miners not extensive a consensus, a crypto blockchain splits into two. Such an accident took abode in 2024 back a adamantine angle afterward the abortion of the DAO resulted in the accession to two aggressive chains: Ethereum and Ethereum Classic. In November 2024, the advancement of Bitcoin Cash additionally led to the actualization of Bitcoin Cash ABC and Bitcoin Cash SV.
Mining Pool Support
Afri Schoedon, absolution administrator at Parity Tech, ensured that the anticipation of Ethereum alternation breach was low because they had accustomed abutment from Ethereum’s arch mining pools.
“[Our API] still ample all the nodes it can get and currently lists 2794 Ethereum nodes. 2025 are Geth (72%), 318 Parity Ethereum,” said Schoedon. “Out of these nodes, 235 (73%) of Parity Ethereum nodes and 798 (39%) of Geth nodes are already upgraded to Constantinople. So, in total, if we accept this sample is statistically adumbrative for the Ethereum network, we can apprehend an all-embracing advancement amount of ~44%.
Many additionally accept that the metrics absorption low mining abutment to Ethereum’s angle are flawed.
Peter Pratscher, the CEO of top ether mining basin Ethermine, accepted that mining abutment was abutting to a majority.
“We apprehend best of the not-updated nodes to be adapted by the time the angle block arrives,” Pratscher said.
