Geliebte's Blog – December 2021 Archive (1)

How To Mine Ethereum

Just as Bitcoin, Ethereum belongs to the bucket of public blockchains. It's a decentralized ledger that is updated and verified by members of the Ethereum network. The only way to add a new block to the Ethereum blockchain is by mining it. The word “mining” is an analogy borrowed from the process of extracting precious metals as they need to be mined from the ground at the cost of labor and energy.

To mine Ethereum, computers spread around the world compete to solve cryptographic…

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Added by geliebte on December 11, 2021 at 3:16am — No Comments