Péter Szilágyi, the team least at the Ethereum Foundation confirmed the expected date for the upcoming Istanbul hard fork, Cointelegraph reports on November 8th.
According to a tweet Szilágyi made on November 7th, the Istanbul fork will take place at block height 9069000. One of the biggest changes implemented by the fork is the new programmatic proof-of-work (PoW) algorithm dubbed “ProgPoW”, designed to level the playing field between GPU and ASIC miners on the network.
The timing of ETH hard forks has become a sort of a running joke in the crypto community as the project has been plagued by delays and lack of consensus on implementation of the developers vision. With the latest update, it would appear that the Istanbul hard work will take place in early December, but it remains to be seen how its accepted by the mining community. ASIC mining rigs are built specifically for the task of mining one crypto algorithm, thus severely limiting its flexibility in favor of increased hashing power. Taking away that advantage could ruin quite a few returns on investment out there and it remains to be seen if the fork gathers enough support from the miners to become successfully implemented.