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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.
Hut 8 Will Use Luxor's Software to Manage New Ethereum Miners
Ethereum is migrating to proof-of-stake, but miners still see profit in proof-of-work.
Bad Sandwich: DeFi Trader 'Poisons' Front-Running Miners for $250K Profit
A DeFi trader tricked Ethermine's sandwich bot into purchasing "Salmonella" and "Listeria" tokens for some 130 ETH.
Ethermine Adds Front-Running Software to Help Miners Offset EIP 1559 Revenue Losses
Maximal Extractable Value (MEV) has netted traders and miners some $1.7 million in profit in the last 24 hours alone.
Nvidia Defeats Lawsuit Over Alleged Misrepresentation of Revenue From Crypto Miners
A court ruled that plaintiffs failed to adequately prove Nvidia mislead its investors.
Hive Blockchain Sees Q3 Crypto Mining Income Double to $13.7M
Hive shares have gained 132% year to date.
Nvidia Estimates Ethereum Miners Contributed 2%-6% of Q4 Revenue
Nvidia expects $50 million in revenue will come from a new, miner-specific product during its first quarter of sales.
Ethereum Trading Bot Strategy ‘Extracted’ $107M in 30 Days, Research Suggests
The strategy has also contributed to higher gas fees and blockchain bloat.
Nvidia Redesigns Graphics Cards to Limit Their Use in Ethereum Mining
Nvidia is also launching Cryptocurrency Mining Processors (CMP) specifically for Ethereum miners.