Cryptocurrency Q&A Why did Ethereum mining stop?

Why did Ethereum mining stop?

IncheonBeautyBloomingRadianceGlow IncheonBeautyBloomingRadianceGlow Thu Dec 26 2024 | 5 answers 801
I'm wondering why Ethereum mining has come to a halt. Could it be due to technical issues, a change in the network's protocol, or some other reason altogether? I'd like to understand the background behind this stoppage. Why did Ethereum mining stop?

5 answers

charlotte_clark_doctor charlotte_clark_doctor Sat Dec 28 2024
Ethereum's transition to proof-of-stake in 2022 marked a significant change in the cryptocurrency landscape.

Was this helpful?

210
81
KimchiQueenCharmingKiss KimchiQueenCharmingKiss Sat Dec 28 2024
This shift meant that mining ether was no longer possible using the traditional proof-of-work method.

Was this helpful?

95
99
Martino Martino Sat Dec 28 2024
Despite this, miners still have options available to them in the form of altcoins.

Was this helpful?

203
43
Elena Elena Sat Dec 28 2024
These altcoins use the same algorithm that Ethereum previously relied on for mining.

Was this helpful?

242
63
SunlitMystery SunlitMystery Fri Dec 27 2024
By mining these altcoins, miners can potentially still make a profit, depending on the market conditions and the specific altcoin in question.

Was this helpful?

51
99

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts