Dual mining of Eth and Ergo (Eth and Ergo Dual Mining)
Eth and Ergo dual mining, what is it? What is dual mining? Why is it said to hav
Eth and Ergo dual mining, what is it? What is dual mining? Why is it said to have two advantages: Firstly, dual staking. Staking ETH on Ethereum requires staking 32 ETH (or more). When users send their ETH to another wallet, they must use that wallet to verify their transactions and ensure network security, stability, and accuracy. Without this mechanism, users’ deposits would be frozen, causing the system to malfunction and resulting in losses. Secondly, since both are unrelated, separate staking pools allow holders to earn more rewards. Therefore, the value of ETH is similar to other assets. Thirdly, after staking, users can also earn income. The four ways are as follows: dual mining: staking 32 ETH or 32 ETH + three mortgage repayments to forge one ETH. If the user transfers 2 ETH to the contract, they can obtain the corresponding amount of ETH. Then, they can use this additional amount to exchange for a new ETH. Finally, the same applies to dual mining, which means users do not need to wait for 10 days for confirmation to participate in staking activities.
Eth and Ergo dual mining
According to official announcements, the Eth and Ergo dual mining plan was launched on HECO yesterday and is now officially active.
According to the ETH whitepaper, “staking” means rewards: staking 32 ETH will earn 1 ERG token (approximately $20,000), and staking for 12 months will result in receiving 3 ERG tokens. If staking is done for 4 years before claiming, an additional 10+ ERG tokens can be obtained. (The specific details will be announced by the Ethereum community soon)
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