vladan.vlajic98
5 months ago  Karma: 140
Ethereum mining

When will ethereum mining end?

en
ETH
ethereum
minning
#Cryptocurrency
vladan.vlajic98
5 months ago  Karma: 140
Ethereum mining

When will ethereum mining end?

en
ETH
ethereum
minning
#Cryptocurrency

ONE ANSWER
andrei.popescu
5 months ago Karma: 419

Ethereum aims to transition to PoS but the process will be gradual. The first version of the new consensus protocol (Casper) is a hybrid PoS/PoW and it is not yet live on the main net.

With Casper, the profitability of mining Ethereum will decrease gradually to the point where miners will migrate to Ethereum Classic or other coins that are more profitable. For example, the specification of the latest update will reduce the block reward for miners from 3 ETH to 0.6 ETH.

Even if the switch can take from several months to several years, it is clear that the Ethereum community is heading in​ this direction.

Thank you!

Ethereum aims to transition to PoS but the process will be gradual. The first version of the new consensus protocol (Casper) is a hybrid PoS/PoW and it is not yet live on the main net.

With Casper, the profitability of mining Ethereum will decrease gradually to the point where miners will migrate to Ethereum Classic or other coins that are more profitable. For example, the specification of the latest update will reduce the block reward for miners from 3 ETH to 0.6 ETH.

Even if the switch can take from several months to several years, it is clear that the Ethereum community is heading in​ this direction.

Thank you!

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