Cryptocurrency Q&A
Is Ethereum mining still possible?
Is Ethereum mining still possible?
CryptoElite
Sun Feb 09 2025
|
5
answers
1110
I'm wondering if Ethereum mining is still feasible. With the recent changes in the cryptocurrency market and technology advancements, I'm not sure if mining Ethereum is still profitable or even possible.
5 answers
Chloe_emma_researcher
Tue Feb 11 2025
The question arises whether Ethereum can still be mined. However, it is crucial to clarify a fundamental distinction.
Was this helpful?
113
97
alexander_rose_writer
Tue Feb 11 2025
Ethereum refers to the blockchain and the broader ecosystem, not a cryptocurrency that can be mined. The native token of the Ethereum blockchain is Ether.
Was this helpful?
274
44
Pietro
Tue Feb 11 2025
In the early days of Ethereum, Ether was indeed mineable through a process known as proof of work. Miners used computational power to solve complex mathematical problems, earning Ether as a reward.
Was this helpful?
138
43
CryptoChieftain
Tue Feb 11 2025
This mining process continued for several years, but in 2022, a significant change occurred. Ethereum underwent a transition known as "The Merge," shifting from proof of work to proof of stake.
Was this helpful?
370
39
Leonardo
Mon Feb 10 2025
As a result of this transition, mining Ether became obsolete. Miners who previously earned rewards by solving mathematical problems were no longer needed, as the blockchain now relies on validators who stake their Ether to secure the network.
Was this helpful?
215
82
