5 A B C D E F G H I K L M N O P R S T U V W Y Z

Ether Mining

Until the switch to the Proof-of-Stake consensus mechanism, Ethereum mining was the common method by which users created new coins in the Ethereum blockchain. Miners provide computing power and storage capacities for the execution of the underlying Ethash algorithm. In return, they receive rewards in the Ethereum currency Ether.

Ether mining was based on the Proof-of-Work method, but through the Ethereum Merge, Ethereum has now switched to the Proof-of-Stake mechanism. Now users can earn additional Ether coins through staking. Like Bitcoin mining, Ether mining has been criticized.