Cryptocurrency Q&A
When was the last time Ethereum was GPU mineable?
When was the last time Ethereum was GPU mineable?
KDramaLegendaryStarlight
Wed Dec 11 2024
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7 answers
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Ethereum was last GPU mineable before its transition to a proof-of-stake consensus mechanism, which occurred on September 15th, 2022. This change made GPU mining for Ethereum no longer feasible, as the network shifted away from the proof-of-work method that required computational power from GPUs.
7 answers
CryptoBaroness
Fri Dec 13 2024
In September 2022, Ethereum successfully completed its transition.
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emma_anderson_scientist
Fri Dec 13 2024
The blockchain shifted from the "Proof of Work" algorithm.
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EtherWhale
Fri Dec 13 2024
It adopted the "Proof of Stake" model instead.
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CherryBlossomDancing
Thu Dec 12 2024
This change had a significant impact on cryptocurrency mining.
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Federico
Thu Dec 12 2024
GPUs, previously used for mining Ethereum, became obsolete for this purpose.
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