ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

Thinking of Ethereum Mining? Do read this article

KryptoMoney by KryptoMoney
June 30, 2017
in News
0
Ethereum, Ethereum Mining, Ethereum news, Cryptocurrency mining, Cryptocurrency news
0
SHARES
106
VIEWS
Share on FacebookShare on Twitter

Ethereum Mining

A lot of people are getting into Ethereum mining these days. Gone are those days when Bitcoin could be mined by a single person using his home computer. The Bitcoin mining is so competitive now that it requires sophisticated hardwares .

Ethereum on the other hand, still can be mined using standard home hardware. Also it is profitable as of now because the major population interested in cryptocurrency mining is still eyeing on Bitcoin mining.  Per transaction, Ethereum is still considerably cheaper than Bitcoin concerning mining costs.

But as the Ether price is rising exponentially, demand for Ethereum mining is also increasing. Cryptocurrency enthusiasts have understood that Ethereum mining has a brighter scope as Ether is gaining huge popularity.

Also Read:- List of Best Ethereum Mining Pools | Ethereum Pools

As of now, Ethereum mining is also being done by a lot of people. Acoording to some reports, Ethereum energy consumption is more than the entire island of Cyprus, as well as Cambodia and Brunei. It could be consuming as much as 4.2 Terawatt-hours (tWh)

The statistics were  part of the resource’sEthereum’s Energy Consumption Index, released to track expenditure as the network prepares to transfer from Proof-of-Work to Proof-of-stake model Casper.

In a Twitter exchange between Barry Silbert and Ethereum co-founder Vitalik Buterin, Buterin also forecasted other benefits for network participants and investors once Casper was activated.

ETH token issuance rates, for example, could fall “below 0” in future, he wrote in response to a query from Ethereum Classic Fund creator Barry Silbert.

The Proof-of-Work model is highly critisized as enviormentally unfriendly as it consumes a lot of energy.

#FACT

#Bitcoin and Ethereum energy combined together has surpassed energy requirements that of Jordan, Iceland and the Dominican Republic.

As Bitcoin and Ethereum are considered to be next generation of payment models, these are always been considered as more beneficial than traditional routes.

But when it comes to power requirements, cryptocurrency’s power requirement has vastly outweigh that of traditional banking channels or networks such as VISA.

KryptoMoney.com posts latest news and updates about Cryptocurrencies and Blockchain Technology. Join our Telegram channel to receive news/updates instantly.

Tags: Bitcoin Newscryptocurrency miningCryptocurrency NewsethereumEthereum miningMining News
Previous Post

Hackers Extorted $28 Million in Cryptocurrencies last years, says FBI

Next Post

Bitcoin exchange in Japan providing Insurance to retailers

Next Post
Bitcoin, Bitcoin Insurance, Bitcoin news, Bitcoin updates

Bitcoin exchange in Japan providing Insurance to retailers

Recent Stories

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Crypto Payment

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021
Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

January 14, 2021
halving

Google Data Reveals “Ethereum” Searches Hit All-Time High

January 14, 2021
BTC/USD

BTC Price Analysis: In a Return Rally BTC/USD Grinds Past $40,000 Amid Grayscale Bitcoin Purchase of $80M

January 14, 2021
Wunderbit Trading

Wunderbit Trading – Copy Trading Platform That Suits All 

January 14, 2021
bitcoin

Top 7 Open-source Code Bitcoin Wallets

January 14, 2021
Bitcoin

Bitcoin Institutional Investors Not Worried About Recent BTC Decline

January 13, 2021
Crypto Analyst

Crypto Analyst Predicts BTC Will Plunge Below $20,000, BTC Up Over 2.7%

January 13, 2021
DOT/USD

DOT Price Analysis: Massive Liftoff on DOT/USD to $10.98, On-Chain Data Indicates a Climb in Polkadot Volume

January 13, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 38,716.00 1.27%
  • ethereumEthereum (ETH) $ 1,233.88 5.92%
  • tetherTether (USDT) $ 0.999461 0.41%
  • bitcoin-cashBitcoin Cash (BCH) $ 510.78 1.98%
  • binancecoinBinance Coin (BNB) $ 41.61 1.5%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree