Ethereum Upgrades To Constantinople; Everything Looks Good

Ethereum Upgrades To Constantinople; Everything Looks Good

Not all hard forks should be a tedious task. Ethereum officially activated the two long-anticipated upgrades, Constantinople and St. Petersburg, at 19:57 UTC time.

In a Reddit post, user u/ImKingMidas published at 8 PM GMT that “we are currently 25 blocks into Constantinople! I would just like to say thank you and well done to the developers for their hard work and professionalism with delaying the upgrade to make sure it will all transition smoothly.”
The Ethereum community is cheering developers, and they even acknowledged that delaying the upgrade some months ago was the right decision.

Constantinople is now in place and ruling the network with the significant change of Ethereum production and the reduction of new supply from 3eth per block to 2eth.

Redditor ImKingMidas affirmed that “2 is the new 3 I hear.” Then, Xazax310 answered him that “Yep, and $.23 a day for an 8-GPU Rig(250mh/s @.09kw/[email protected] diff) is the new profit!”

Long story short, miners will get about 7,000 ETH less per day. That is
$1m less in value. The last time Ethereum experienced an upgrade like Constantinople was about two years ago. 

Talking about hard forks and upgrades, the process is surgical as every system-whole upgrade requires all miners and node operators to install new client software that automatically updates the system at the exact same block number. This time it was the block number 7,280,000 of the main network. 

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