Cryptocurrency Q&A
Can you mine Ethereum after proof of stake?
Can you mine Ethereum after proof of stake?
charlotte_wright_coder
Tue Dec 31 2024
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6 answers
1124
I've heard that Ethereum is transitioning to a proof of stake model. I'm wondering if it will still be possible to mine Ethereum after this change, or if mining will be completely replaced by staking.
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6 answers
Michele
Thu Jan 02 2025
Ethereum underwent a significant transformation in 2022 by shifting to a proof-of-stake consensus mechanism.
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BlockchainWizardGuard
Thu Jan 02 2025
This shift means that the traditional method of mining ether, which involves solving complex mathematical problems with computing power, is no longer viable.
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SejongWisdomSeeker
Wed Jan 01 2025
With proof-of-stake, validators are selected based on their stake in the network, rather than through mining.
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Carlo
Wed Jan 01 2025
As a result, individuals and entities interested in participating in the Ethereum network must now stake their ether to become validators.
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DigitalDynastyGuard
Wed Jan 01 2025
Mining ether, which was once a popular way to earn rewards on the Ethereum blockchain, is now obsolete.
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