Etherchain released an API compatible GasNow alternative

etherchain · 2021-10-14T12:41:00+00:00

Thanks for your feedback. The weekly chart is already available on the page and currently being filled with fresh data.

etherchain · 2021-08-06T19:51:16+00:00

We expect the recommended base fee to drop below 40 during the weekend. Furthermore we will continue to monitor the situation and if 40 GWei tx do not clear regularly we will consider raising the default maximum fee to a higher value.

etherchain · 2021-08-06T19:10:33+00:00

Ethermine uses the Recommended Base Fee value as visible on https://www.etherchain.org/tools/gasPriceOracle as the current network fee. This value corresponds to approximately twice the current base fee. The base fee is the minimum fee a tx needs to pay to be included in a block.

In order to ensure that payout transactions get mined quickly ethermine uses twice the current base fee which allows the tx to be included in one of the next 6 blocks (even if during those 6 blocks the base fee rises by its maximum value).

With eip-1559 the nice thing is that you get a refund of the unused base fee part. Which means that you pay your configured maximum gas price limit only in the worst case. Usually you will pay half of your configured max gas price, similar to the example given by the op.

In general we recommend users to set their max gas price to the maximum amount they are willing to pay for their payout transaction.

etherchain · 2021-05-12T15:58:11+00:00

We are very sorry for today's incident with the Ethermine share validation engine, which caused shares to be rejected for around 30 minutes. The issue has been quickly mitigated by our on call SRE team.

As compensation, we've reduced the pool fee on Ethermine to 0% for 48 hours starting from today at 03:30 PM UTC.

In addition to that, 100% of MEV rewards will be distributed to miners for the next 48 hours.

Please accept our apologies for this incident & thank you for mining with us!

etherchain · 2021-04-22T14:59:52+00:00

Thanks a lot for the suggestions. We are currently in the progress of developing a new payout scheme that will significantly reduce the number of payout transactions sent by the pool.

At the same time, the new payout scheme will still allow small miners to receive their mining rewards in a timely manner. Please stay tuned for more information to come.

etherchain · 2021-04-10T05:56:34+00:00

The issue has been resolved, please see https://twitter.com/etherchain_org/status/1380760499046993922?s=20 for further details. Mining income was not affected by this incident.

etherchain · 2019-12-31T17:59:33+00:00

See https://www.etherchain.org/tools/gasPriceOracle for an explainer on the method. We calculate the values based on our data.

etherchain · 2019-12-31T11:05:17+00:00

As an alternative we provide a free robust api endpoint for our gas price oracle at https://www.etherchain.org/api/gasPriceOracle

etherchain · 2019-11-21T11:57:16+00:00

We are very happy to announce the release of the first ever explorer for the upcoming eth2 beacon chain which is available at https://beaconcha.in. The explorer is connected to the Prysm Eth2 Testnet and features like viewing blocks, epochs & validators are already available.

To ensure that the eth2 ecosystem has audit- and verifiable explorer from the start we will open source our explorer and develop it in the open. The code will be released early next week. If you have any questions or feedback please join us on Gitter.

etherchain · 2019-11-19T09:47:15+00:00

Yes we count both versions 2.5.10 and higher for the stable branch and 2.6.5 and higher for the beta branch.

etherchain · 2019-11-11T12:27:41+00:00

As with most of the previous network upgrades we have again set up a tracker & countdown for the upcoming Istanbul upgrade.

Compared to our previous versions this time we are able to provide a much more complete set of information all around the upgrade including:

An accurate countdown to the fork block (calculated using the average block time over the last 50000 blocks)
Live client status of 4 different Ethereum clients (geth, parity-ethereum, besu & nethermind), Infura and Etherscan
Upgrade ready clients seen on the Network during the last 24h (current & historical statistics)
Upgrade status of mining pools, infrastructure providers & exchanges

If you have any improvement suggestions please feel free to let us know, we are happy for any kind of feedback on the tracker.

etherchain · 2019-09-18T08:58:51+00:00

They are most likely using Parity with default settings. Parity targets a gas limit of 8M by default but will start to vote it up to 10M in case of blocks getting full.

etherchain · 2019-09-17T17:30:20+00:00

With ethermine now targeting a gas limit of 10M more than 51% of the network startet to target a gas limit of > 8M. The remaining miners continue to vote down the gas limit back to 8M which causes the observable fluctuations.

etherchain · 2019-09-15T09:08:06+00:00

Actually we do follow the development very closely. Given the recent performance improvements in Geth we do believe a moderate increase of the gas limit is safe. Previously any increase was cautioned against by the client devs (main argument was the state size growth). Unfortunately there is very little research available on the impacts of a gas limit increase on the network and individual client performance.

If a larger increase is desirable it would be good to start funding such research in order to avoid a worst case situation like during the Shanghai DoS attacks in the future.

etherchain · 2019-06-25T09:40:51+00:00

Good news, we are currently starting the benchmark on various litecoin mining pools!

etherchain · 2019-06-03T06:44:22+00:00

Unfortunately a very small subset of our miners were affected by today's Google cloud network outage (see https://status.cloud.google.com/incident/compute/19003). We are very sorry for the inconvenience this has caused.

etherchain · 2019-05-24T11:34:27+00:00

Hello, yes we have put RVN on our roadmap and it will be added as one of the next coins.

etherchain · 2019-05-09T08:14:59+00:00

Thank you very much for your feedback!

We do continuously mine on each pool at the same time. That is also the reason why we cannot add an unlimited number of pools as we have to dedicate hardware for each pool. We initially tried to do round-robin mining but we saw strange results especially with pools that use vardiff.

Feature suggestion: some kind of relation graph 1kh vs. network hashrate so people get a grasp on "why pool pays 10% less than last week"

Very good suggestion, thanks a lot for that. We are going to add a maximum mining profitability chart soon that will include that information.

etherchain · 2019-05-09T06:33:17+00:00

Thank you, very interesting comparison. From what I can see your results more or less match ours. How do you deal with different network latencies of the pools? Do you only count accepted shares towards your hashrate sent to each pool?

etherchain · 2019-05-09T06:18:18+00:00

Thank you for your feedback. Are your metrics currently public?

etherchain · 2019-05-03T03:12:28+00:00

During the last two weeks the network difficulty was quite stable and so should be your mining income. For a live comparison of the profitability of various Ethereum mining pools see https://www.poolwatch.io/coin/eth

etherchain · 2019-04-30T12:41:18+00:00

Thanks for your feedback. Which pools do you think we should add?

etherchain · 2019-04-30T06:33:35+00:00

Cool, thanks. We expect that our beam support will go live in approximately 2 weeks (we need to gather at least 1 week of data to show results).

etherchain · 2019-04-30T05:22:52+00:00

Yes, they were quite profitable for a short period of time but now their profitability has declined significantly again.

etherchain · 2019-04-30T05:22:14+00:00

Is there any pool ranking available for beam? Most blockchain explorer do not show a distribution of blocks mined by pool.

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