|
|
Post by Feeaa on Nov 23, 2024 7:47:53 GMT -5
What is an Ethereum miner?
|
|
|
|
Post by Brwqa on Nov 23, 2024 7:48:20 GMT -5
An Ethereum miner is a participant in the Ethereum network who validates transactions and creates new blocks in the blockchain. These miners use computational power to solve complex mathematical puzzles, a process known as Proof of Work (PoW) paybis.com/buy-bitcoin-with-paypal/. In exchange for their efforts, miners are rewarded with Ether (ETH), the native cryptocurrency of the Ethereum network. Ethereum mining requires specialized hardware, often referred to as mining rigs, and consumes a significant amount of energy due to the nature of the PoW consensus mechanism. However, with Ethereum's transition to Proof of Stake (PoS), the mining process will gradually be replaced by staking. |
|
