Cryptocurrency mining explained in plain words: mining software and hardware reviews
including ASIC and GPU. Expert opinion on cryptocurrency market and future crypto mining
outlook.
We write a lot about different aspects of mining. A few days ago we compared Ethereum’s GPU mining profitability with ETH staking in the PoS network. Earlier this fall we wrote about unlocking LHR graphics cards with Gminer, then we wrote about T-Rex. Today’s article is about Ravencoin and its mining.
In the third quarter of 2022 Ethereum is expected to switch to Proof-of-Stake. This will put an end to ETH mining on GPUs, and the 2Miners pool where users are actively mining ETH now is no exception. After the upgrade the reward process will involve locking Ether in a special contract. How much will validators earn in Ethereum 2.0 and how much less will it be compared to mining? Let’s get into it.
Ethereum has decided to disable mining in favor of staking long ago. In other words, the plan is to get rid of mining rigs with video cards and give rewards to users that simply store their cryptocurrency on special wallets connected to the main network 24/7. It seems that Ethereum developers have never been more serious about these plans, and ETH might shift from PoW to PoS already in 2022. Let’s see what miners could do and how they should use their equipment when it happens.
Let’s talk about latency and how it affects Ethereum mining profitability. We will also discuss uncle blocks and how their number in pools affects mining profitability.