Ethereum Mining

After the Ethereum Merge, the Ethereum network transitioned from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism, fundamentally changing how Ethereum mining works. In this new system, "mining" is replaced by "staking," where validators participate in securing the network by locking up (staking) a certain amount of Ether (ETH). These validators are chosen to create new blocks and validate transactions based on the amount of ETH they stake and other factors. This process requires significantly less energy than PoW mining and aims to enhance network security and scalability. Validators earn rewards for their contributions, but they risk losing a portion of their stake if they act maliciously or negligently.

Ex-Ethereum Miners Token Hop to Stay Alive After the Merge

Following the Ethereum Merge, only 20% of miners have switched to other proof-of-work networks.

By Eliza GkritsiNov 11, 2022

(Midjourney/CoinDesk)

Ethereum Miners’ $319M Crypto Hoard Hangs Over Market After Merge

Miners dumped over 16,000 ETH, worth more than $20 million, in the past week, on-chain data showed. The Ethereum miners still have about 245,000 ETH left – and no longer any business affiliation with the blockchain network.

By Jocelyn YangSep 22, 2022

(Midjourney/CoinDesk)

Ethereum Classic and Ravencoin's Hashrate Nearly Doubles After Merge

Earlier on Thursday, Ethereum switched to a system that does away with the need for miners.

By Eliza GkritsiSep 15, 2022

Ethereum merge (Dall-E/CoinDesk)

Large Ethereum Miners Look to Cloud Computing, AI Ahead of The Merge

The network's upgrade will do away with the need for bulky and expensive data centers, which the miners are looking to repurpose.

By Eliza GkritsiSep 6, 2022

Crypto mining stocks have lost roughly half of their value in the past month. (Sandali Handagama for CoinDesk)

Miner Chandler Guo Repeats Support for Ethereum Fork Post-Merge

Guo told CoinDesk TV he wants to create a new proof-of-work blockchain to help miners.

By Fran VelasquezAug 15, 2022

“A lot of people [miners] are suffering,” Chandler Guo, an ethereum miner, said on CoinDesk TV's "First Mover." (CoinDesk TV, modified)

The Ethereum Merge Settles In as Next Crypto Narrative

By Nathaniel WhittemoreJul 18, 2022

The Ethereum Merge Settles In as Next Crypto Narrative

Bitmain to Start Selling New Ethereum Mining Rig Model Wednesday

Despite the Merge edging closer, Bitmain is releasing an Ethereum ASIC.

By Eliza GkritsiJul 5, 2022

A Bitmain Antminer s9 board in a bitcoin mine in Norway. (Eliza Gkritsi/CoinDesk)

Crypto Miner Hive Blockchain Selling Ether to Pay for Intel Mining Rigs

The miner expects to have a bitcoin-equivalent hashrate of 6.2 exahash per second (EH/s) in the next 12 months.

By Aoyon AshrafJun 6, 2022

Equipos de minería para bitcoin. (Sandali Handagama)

Don’t Blame NFT Artists for Mining’s Environmental Cost, Says Researcher Kyle McDonald

Responsibility for Ethereum’s climate impact lies with institutions, not individuals, argues the emissions dashboard creator.

By Will GottsegenMar 23, 2022

(Kyle McDonald)

The State of Bitcoin and Ethereum Mining in 10 Charts

It's been a rollercoaster year for Bitcoin and Ethereum mining: Here is what the data shows.

By George Kaloudis, Sage D. YoungMar 23, 2022

(CoinDesk Research, Cambridge Centre for Alternative Finance)

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