What is Ethereum Mining (Ethereum Mining Pool)
What is Ethereum mining? Ethereum mining is a blockchain network that utilizes P
What is Ethereum mining? Ethereum mining is a blockchain network that utilizes Proof of Work (PoW) mechanism for calculations. Simply put, it involves uploading transaction data from a computer to a block, executing the confirmation, and broadcasting it to applications and devices running on the Ethereum network. In this process, it can generate digital currency or other cryptocurrencies. This is a project developed based on Ethereum technology called Ethereum Fork. According to official introductions, there are already many types of Ethereum forks.
Among them, the most important one is Bitcoin, which has seen a decrease in usage due to its significant price fluctuations. It also frequently encounters instances of “double spending,” where when users want to convert tokens like Bitcoin to another token, two scenarios may occur. Each participant in the Bitcoin network is responsible for paying fees, but if they disagree, there may be problems with double spending or asset loss. However, since Bitcoin’s price is much higher than other cryptocurrencies and no one in the Bitcoin network should trust this process, one must be cautious of risks when investing in Bitcoin.
Ethereum Mining Pool
According to OKLink data from OKEx, as of 16:30 today, Ethereum’s total network hash rate is approximately 91.35TH/s. The top three mining pools with the highest growth in total network hash rate in the past 24 hours are AntPool (8.8%), ViaBTC (6.9%), and F2pool (4.5%).
The current network difficulty is 16.10T, which is 8 days and 3 months away from the historical high, with 4 days and 7 hours remaining until the adjustment. The top five mining pools in terms of ETH mining profitability are:
1. AntPool (+12.51%), Hive Blockchain (+11.89%), and Wainwright (+10.52%).
2. V神(Vitalik Buterin) (40%), GitHub (4%), and Bitcoin SV (+10.43%).
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