Ethereum miners are set to re-start operations after a temporary halt due to a recent hard fork. The Ethereum network underwent a hard fork on January 16th, 2021, which caused some miners to temporarily halt operations. The hard fork was designed to improve the network’s scalability and security, but it also caused some miners to become unprofitable.
The hard fork was a major upgrade to the Ethereum network, and it enabled the network to transition to a new consensus mechanism called Ethereum 2.0. This new consensus mechanism was designed to improve the network’s scalability, security, and performance. As part of the upgrade, miners had to upgrade their mining rigs to be compatible with the new consensus mechanism.
However, some miners were unable to upgrade their rigs in time, and as a result, they had to temporarily halt operations. This caused a decrease in hash rate on the network, which in turn caused some miners to become unprofitable.
Fortunately, Ethereum miners are now set to re-start operations after the temporary halt. The Ethereum Foundation has released a patch that will allow miners to upgrade their rigs and continue mining. The patch will also reduce the amount of time it takes for miners to upgrade their rigs, allowing them to re-start operations more quickly.
The Ethereum Foundation has also announced that it will be providing financial assistance to miners who had to temporarily halt operations due to the hard fork. This assistance will help miners to cover their costs and become profitable again.
In addition, Ethereum miners who had to temporarily halt operations due to the hard fork will receive a bonus payment from the Ethereum Foundation. This bonus payment will be used to help miners cover their costs and become profitable again.
Overall, Ethereum miners are set to re-start operations after a temporary halt due to the recent hard fork. The Ethereum Foundation has released a patch that will allow miners to upgrade their rigs and continue mining, as well as providing financial assistance and bonus payments to miners who had to temporarily halt operations. This will help miners to cover their costs and become profitable again.
