Cryptocurrency Q&A
Can you still mine ethereum?
Can you still mine ethereum?
Davide
Mon Dec 09 2024
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6
answers
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I'm wondering if it's still possible to mine ethereum considering the recent changes in the cryptocurrency market and technology advancements.
6 answers
CryptoKing
Wed Dec 11 2024
Ethereum underwent a significant transition in 2022 with the implementation of the Ethereum Merge.
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Giuseppe
Wed Dec 11 2024
This event marked the shift from the Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS).
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Martina
Tue Dec 10 2024
The move to PoS was a strategic decision aimed at improving the efficiency and sustainability of the Ethereum network.
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Lorenzo
Tue Dec 10 2024
Consequently, mining ETH is no longer feasible following the Merge.
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QuasarGlider
Tue Dec 10 2024
Despite this change, individuals and entities can still generate profits through staking.
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