Ethereum mining has become the current sweetheart, how should ordinary people enter the market?

Recently, the mining boom has swept in the DIY installation market, and many graphics cards have been taken for mining. Bitcoin, a virtual currency, is becoming hot in the eyes of the public. Ethereum is also a platform where more and more people are entering the market. To talk about Ethereum, we need to understand Ethereum first.

Ethereum is an open-source public blockchain platform with smart contract functionality, providing a decentralized Ethereum Virtual Machine to process peer-to-peer contracts through its dedicated cryptocurrency, Ether (ETH).

The concept of Ethereum was first proposed in 2013-2014 by programmer Vitalik Buterin after being inspired by Bitcoin, and basically means "the next generation of cryptocurrencies and decentralized application platforms", which began to evolve in 2014 through ICO crowdfunding. As of February 2018, Ether was the second-largest cryptocurrency by market capitalization, after Bitcoin.

Under the hot market of virtual currency**, many people are eager for this piece of sweetness. Many people choose to trade on the Ethereum public chain, and when we use the Ethereum public chain, we need to pay Ethereum coins, and as more and more people use them, the value of Ethereum coins rises.

In fact, the Bitcoin blockchain is actually a distributed database, if you add a symbol - Bitcoin to it, and stipulate a set of protocols so that this symbol can be transferred securely on the database without trusting a third party, the combination of these characteristics perfectly constructs a currency transmission system - the Bitcoin network. This is also where Bitcoin comes from.

So how exactly do ordinary people get in? 1. Purchase cloud computing power; 2. Combined mining; 3. Buy a mining machine to the mine for hosting. Now that Ethereum's ** has started at a thousand dollars, this ** is indeed high compared with other currencies in the currency circle, which discourages many investors.

It can only be said that investment is risky, and you need to be cautious when entering the market.

Ordinary people want to enter the factory, so they must have the ability to have the strength in this area, otherwise they will definitely not be able to enter, and you will not be able to make money.

Ordinary people should first have a good relationship with the people inside, and then they should give gifts, so that they can let the other party take a look at each other, and at the same time, they can also fight for a chance to enter the market.

When ordinary people buy Ethereum, they must go to a regular platform to buy, according to the current **choice, if **good** can be purchased, but don't buy too much, because the risk will be great.

Some good relationships should be found. In this way, you can get a better entrance. You can go harder.

Ethereum mining can also be mined for more than 2 years. The two biggest changes in Ethereum 2.0 are the use of the beacon chain and the structure of the shard chain, and the other is that the consensus mechanism has changed from the current PoW to PoS, according to the V God, after the PoS consensus algorithm is implemented, Ethereum will be more secure than Bitcoin and the attack cost will be higher.

Features of Ethereum miningEthereum 2 point 0 is much more technically complex, each stage requires more time for ** development testing and updates, in addition to the current Ethereum carries a lot of funds, contract applications are also a very large number of users, each upgrade needs to take these into account, so the entire upgrade of Ethereum, the migration process will be very slow and cautious.

From the perspective of graphics card miners, there is no need to worry about the impact of Ethereum 2.0 on mining, according to the current mining income calculation, the static payback cycle of Ethereum graphics card mining machines is generally affected by Ethereum fee income in about a year, and it is almost impossible for Ethereum to complete the 2.0 upgrade in the next year.

You can dig for at least 2 years. The two biggest changes in Ethereum, one is the use of the "beacon chain + shard chain" structure, and the other is that the consensus mechanism has changed from the current PoW to PoS, according to V God, after the implementation of the PoS consensus algorithm, Ethereum will be more secure than Bitcoin, and the attack cost will be higher.

Consumption of Ethereum mining:Due to the large power consumption, the previous large-scale and industrialized "mining" projects were mainly concentrated in Inner Mongolia, Xinjiang, Sichuan, Yunnan and other central and western regions. In order to absorb surplus electricity and drive local tax revenue and economic development, some places have attracted investment in the name of building data centers, so that "mining" projects can be carried out quickly.

It is absolutely impossible to mine Ethereum from mobile phones, because Ethereum can only be mined from a computer graphics card.

The mining boom in Ethereum mining is indeed very hot, leading many people who have never participated in virtual currency investment to participate in it. To some extent, when more and more people start to follow the trend, the ** at this time will be more dangerous. Ethereum mining itself requires a certain investment cost, and this mining wave may cause many people to suffer significant losses, so I don't recommend everyone to blindly participate.

1. Ethereum mining has attracted a lot of attention.

In this bull market for virtual currencies, we can see that Ethereum has performed particularly well. Because Ethereum itself requires PoW mining, some people have started to collect graphics cards to mine Ethereum specifically. To some extent, Ethereum mining is indeed stronger than speculating virtual currency, but there is still a lot of investment risk, after all, the current cost of graphics cards is particularly high.

2. Ethereum cannot be mined through mobile phones.

The mode of Ethereum mining itself is a proof of work, and this workload needs to be obtained through the computation of the graphics card. But as long as a person knows anything about virtual currencies, this person will not believe that mobile phones can mine Ethereum. If a person says they can play Ethereum on their phone, which is 100% **, you have to be careful.

Ethereum is currently very hot, and I also recommend that you look at the current ** carefully, and you must not blindly follow the trend. <>

3. Ethereum can be mined through a computer graphics card.

As I said above, the working logic of Ethereum mining is proof-of-work, so you need to get Ethereum tokens through a graphics card. If you've never been involved in Ethereum mining before, I don't recommend you get involved now. At the earliest, at the end of the year, Ethereum will be converted from the previous proof-of-work to proof-of-stake, and at that time it will not be possible to mine through graphics cards.

If you choose to invest at a high level now, it is likely that you will not get your principal back. <>

No. Because the computing power of mobile phones is insignificant compared to mining machines, mobile phones cannot mine Ethereum.

Yes, the current mobile phone can be said to be very good, and it also has a very good income, so I think it can be mined.

Mobile phones can be mined. Because mobile phones and computer systems are the same, mobile phones can also be mined for Ethereum.

It can be mined, of course, the mobile phone is not really mining, but to query information, so you can mine Ethereum.

Mobile phones can't mine Ethereum, they can only use computers, and mobile phones can't bear it.

Summary. Hello dear, here I learned that Ethereum mining can still be mined for more than 20 days, and Bitfly, the parent company of the largest Ethereum mining pool, Ethermine, announced that the mining phase of Ethereum will end on September 15, 2022.

Hello dear, here is the understanding that Oak can mine Ethereum for more than 20 days, and Bitfly, the parent company of Ethermine, the largest Ethereum mining pool, announced that the mining phase of Ethereum will end on September 15, 2022.

Hello dear hall, mining refers to the process of using computer hardware to calculate the location of bitcoins and obtain bitcoins. Mining requires the confirmation of virtual currency transactions, and the transaction holding process runs complex calculations, which miners use to perform these calculations using computers, and then receive virtual segment voltaic currency rewards. On September 24, 2021, 11 departments including the state issued the "Notice on Rectifying Virtual Currency "Mining" Activities", stating that it is strictly forbidden to add new virtual currency "mining" projects and accelerate the orderly withdrawal of existing projects.

At the same time, virtual currency "mining" activities are also listed as an elimination industry.

Judging from the current difficulty, it takes about 30 days to get around 180 computing power in the fish pond.

This depends on the difficulty of the algorithm and the current currency price, and the return is not fixed!