Cryptocurrency Q&A
Is Ethereum cloud mining real?
Is Ethereum cloud mining real?
EtherWhale
Sat Dec 07 2024
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7 answers
1917
I've been hearing about Ethereum cloud mining and I'm wondering if it's actually real. There are so many services claiming to offer cloud mining for Ethereum, but I'm not sure if they are legitimate or just scams.
7 answers
Federico
Mon Dec 09 2024
This mechanism has been fundamental to the Ethereum network's security and functionality.
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Giuseppe
Mon Dec 09 2024
However, the network is currently undergoing a significant transition.
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StarlitFantasy
Mon Dec 09 2024
Ethereum is moving towards a proof-of-stake consensus model.
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Nicola
Mon Dec 09 2024
Ethereum mining operates on the proof-of-work algorithm.
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PulseWind
Mon Dec 09 2024
Despite this shift, Ethereum cloud mining sites remain active.
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