Tuesday, March 26, 2019

What is Ethereum Mining?



Ethereum Mining

Ethereum mining is a process by which transactions on the Ethereum Network is verified in exchange for Ether (ETH) rewards. The Ethereum mining process is ASIC resistant, hence, only a series of GPUs can be used to combine the hardware for mining. Moreover, mining is a capital intensive business with a fixed variable cost of electricity. Furthermore, Ethereum will soon shift to PoS (Proof of Stake) technique where the instead of mining, forging will take place on the network. Find more on this topic visit: https://tinyurl.com/y3nwaof6



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