Cryptocurrency Q&A
Is Ethereum 2.0 mineable?
Is Ethereum 2.0 mineable?
Claudio
Thu Dec 12 2024
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7 answers
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I am interested in Ethereum 2.0 and I want to know if it is mineable. Can I use mining to earn Ether on Ethereum 2.0 or has the network moved away from a proof-of-work model?
7 answers
CryptoVanguard
Sat Dec 14 2024
The shift to proof-of-stake by Ethereum in 2022 marked a significant change in the cryptocurrency landscape.
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CherryBlossomGrace
Sat Dec 14 2024
This transition meant that the method of validating transactions and adding new blocks to the blockchain changed.
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Carolina
Sat Dec 14 2024
Prior to this, Ethereum used a proof-of-work mechanism, which allowed miners to earn ether by solving complex mathematical problems.
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SamuraiHonor
Sat Dec 14 2024
However, with the move to proof-of-stake, mining ether is no longer possible.
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GwanghwamunGuardianAngel
Fri Dec 13 2024
In proof-of-stake, validators are chosen based on the amount of ether they stake, or lock up, as a guarantee of their commitment to the network.
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