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Who can survive in Ethereum's "merger" between mining pools and miners?

Time : 03/01/2022 Author : ul35za Click : + -
        We will pay more attention to the recommendation of potential currencies in the primary market, public offering and secondary market, the exploration of project incubation, soaring Shanzhai currencies, the selection of high-quality currencies and be more professional, and provide high-quality projects in the primary market at home and abroad ---- blockchain aseng. In the past few years, more and more people have joined the ranks of mining, and many miners have won virtual currency rewards by providing computing power for encrypted networks. Of course, Ethereum, the second largest cryptocurrency network in the world, has many miners participating in it. They compete to provide computing power in exchange for eth as a mining reward. However, a great change is moving towards Ethereum mining market, and thousands of other miners may soon end their mining career, because Ethereum is about to usher in the biggest update since its inception &mdash& mdash;& lrm;& lrm; Themerge.
        Ethereum "merger" (previously known as Ethereum 2.0) refers to the merger of the main network and the beacon chain responsible for the proof of interest system, and the comprehensive transition of the consensus mechanism from proof of work (POW) to proof of interest (POS). From then on, "Ethereum mining" will no longer exist. For various reasons, Ethereum's "merger" has been postponed many times, but not surprisingly ‎ It should be &lrm before the end of this year; Complete ‎ Update& lrm;。& lrm; As the date of "merger" approaches, most miners cannot avoid such a terrible question: where will they go if they make a living by mining in Ethereum& lrm;。
        ‎& lrm; According to the Ethereum foundation, proof of equity (POS) will reduce the energy use of the entire Ethereum network by 99%. At the same time, it can also reduce the generation of new Eth and reward distribution in smaller blocks, which is an environmental protection measure& lrm; However, for pit miners and other independent Ethereum miners, this update of Ethereum has a far-reaching impact on them. Because at present, Ethereum miners obtain new eth (called ‎ ‎ workload proof ‎ ‎) by providing a lot of computing power, After the "merger", these network participants called "verifiers" need to pledge a large amount of eth to obtain rewards (called ‎ ‎ proof of equity), which makes the mining hardware they originally spent a lot of money to buy useless in the proof of equity.
        ‎。 After Ethereum is converted into a certificate of interest, participants need to pledge at least 32eth to have the opportunity to receive rewards. In order to obtain higher income, "verifier" should try to pledge more eth than this. Therefore, this condition alone has turned many people away, not to mention the need to create and maintain &lrm& lrm; Own &lrm& lrm; Pledge pool, which will be much more complicated than maintaining a pile of mining machines. After all, the era of making money by buying equipment alone is about to die, ‎ If you want to continue to benefit, you have to make changes in time& lrm; On the other hand, for the ore pools, this "merger" has little impact on them.
        This is because the mining pool company has never provided computing power by itself. What they do is only to coordinate pool members, find new users, and provide infrastructure to satisfy customers. Therefore, they have never invested in mining equipment, so they don't have to bear the loss for the equipment out of service. It is for this reason that some industry-leading Ethereum mining pools have begun to transition to pledge pools. They coordinated and summarized a large number of eth of individual "mortgagers" to obtain more eth rewards& lrm;。 l‎ F2pool, the world's second largest mining pool, and its sister company, stakefish, have been preparing for Ethereum's transition to proof of equity for a long time, sharing and allocating human resources.
        L ethermine, the world's largest Ethereum mining pool, is also transitioning to proof of Equity: the company has just launched a pledge pool service &mdash& mdash; Etherminetaking beta& lrm;。 It is worth mentioning that although ethermine and f2pool account for &lrm& lrm; Currently Ethereum mining &lrm& lrm; All ‎ Nearly half of the calculation value, but because these companies use the business model of charging mining fees from individuals, and they do not participate in mining, they will not be affected by Ethereum's shift from workload proof to equity proof.
        ‎。 Of course, they can sell their mining equipment and join the pledge pool of large companies; You can also keep their hardware equipment (it must be a more general GPU mining equipment ‎ ‎ ‎, rather than an ASIC miner) &lrm& lrm; To cast other types of cryptocurrencies& lrm;。& lrm; But obviously, neither of the above options is the best& lrm; First, the rate of return obtained by pledging a small amount of eth in a large pledge pool is much lower than that of mining; Secondly, because the demand for other cryptocurrencies (such as ethereumclassic, ravencoin and ergo) is much lower than eth, miners' profit margin from mining with existing equipment is also much lower.
        ‎ As a result, miners cannot recover the high cost of purchasing mining equipment& lrm; With the gradual transition of the mine pool to the proof of equity, insiders have noticed that the composition of the participants in the new pledge pool is completely different from that of the miners, which is exactly what Ethereum expects. Because for those who have purchased mining equipment, using their hardware facilities to participate in "verification" is completely overqualified; For those who have not purchased mining equipment, the cost is much smaller, because the "verification" process does not need professional equipment and can be completed only on home computers& lrm;。& lrm; When talking about the transformation of miners, butta, chief marketing officer of bitfly, ethermine's parent company, was optimistic. He said that the company's goal was to help miners on the current platform transfer from proof of workload to proof of equity.
        Butta pointed out that at present, most of the pledges on ethermine's new pledge platform come from existing miners, so they are confident to lead the miners forward& lrm;。& lrm; The wheel of the times rolls forward, and the Ethereum "merger" that has been proposed for a long time will finally come. Frankly speaking, Ethereum miners do not have too many choices. At present, what they can do is to continue mining until the "merger" comes. In the end, no matter what choice Ethereum miners make (whether to continue mining or turn to pledge), it is no longer easy to continue to earn income through Ethereum. As for whether to choose left or right on this forked road, I believe every Ethereum miner has an answer in his heart.
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