What mining pool is used for ETH excavation (which mining pool is used for ETH excavation)

08/06/2023 11:51 • AI Insights • 63 views

What mining pool is used to excavate ETH

The longer the block time of Ethereum is, the less the reward will be. And the computing power is also increasing, so the demand for the network is also constantly increasing. With the growth of Ethereum network, the price of Ethereum continues to rise. According to TokenInsight data monitoring, the number of new addresses on the ETH chain has reached more than 30000; The growth rate of effective computing power across the entire network has increased compared to the previous day; The current average coin issuance price for ETH across the entire network is around $6, with over 200000 unconfirmed transactions generated within 24 hours

Which mining pool to use for digging ETH

Editor’s note: This article is from BlockBeats (ID: blockbeats), reprinted with authorization by Daily Planet Daily

Preface:

ETH mining, this concept was mentioned in previous ETH white papers, but it is no longer supported. At this point, it is necessary to consider one’s own funding and computing power. If you don’t have enough money, how do you know how much money you can save

In fact, I also talked about a question before: Is there such a big ore pool in Ethereum, and then put the money into it! But to be honest, I don’t know if anyone is interested in using this “cloud” for mining, because at that time I was just playing games and had not yet used ETH. How can I operate it? It depends on whether my computer can insert some tokens such as Luo coin and Zcash into the exchange. When is the time? So I came up with a very simple way, which is to directly enter ETH into the exchange. In this way, a large number of ETHs have been entered into the centralized exchange, and you can choose a centralized exchange like Uniswap to trade or exchange them into other Stablecoin, which is our common Cryptocurrency exchange. Of course, if you are an investor, you can also try other similar services such as exchanges, custodians, or liquidity providers, and even participate in certain projects So for ordinary users, how can people holding ETH achieve higher returns? At present, the deposit contract address on Ethereum is 0xc4f9c8b50d6e7af5a3cc2bf88be1edc70f9, which is about $32 based on the current ETH price, that is, your ETH may be much higher than your Bitcoin price, so you can use it as collateral to hedge against risk. But in a sense, as long as someone wants to dig ETH, they can use the platform’s resources to earn interest. Therefore, on ETH, you don’t need to worry about what will happen, but you can invest through ETH stored on the exchange, achieving lower mining costs, reducing participation barriers, and increasing security I saw this question today, and I hope everyone understands why? Firstly, we need to clarify that there is a very important node in the ETH network – eth-pool, which was the earliest mining activity initiated by Ethermine. According to the official website, when ETH pool starts, ETH will enter the mining pool. According to official information, eth-pool has been running for over half a year now In addition, there are some issues regarding EtherMiner. Due to the recent bifurcation of ETH, the overall network difficulty of ETH has decreased (the current lowest point has dropped to 11.68T). This includes some questions, the most important of which is that ETH miners have not invested a lot of effort in mining more pledged assets. “Regarding this question, my previous answer was:” Is ETH miners’ income sufficient? “The answer was yes,” but we found that the number of ETHs in ETH networks is relatively small,

This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/08/06/what-mining-pool-is-used-for-eth-excavation-which-mining-pool-is-used-for-eth-excavation/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

What mining pool is used for ETH excavation (which mining pool is used for ETH excavation)

Which mining pool to use for digging ETH

Recommended articles