Did any Ethereum mining pool dominate in terms of hashrate in 2017?

3 answers

• Nishant Rao GuvvadaAug 31, 2023 · 2 years ago
  Yes, in 2017, the mining pool Ethermine dominated the Ethereum hashrate. With its high-performance infrastructure and large number of miners, Ethermine consistently held a significant share of the network's total hashrate. This allowed them to mine blocks more frequently and earn a higher proportion of the block rewards. As a result, many miners chose to join Ethermine to maximize their mining profitability.
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• MITHILESHAN MJul 23, 2024 · 2 years ago
  No, there was no single Ethereum mining pool that completely dominated the hashrate in 2017. The Ethereum network is designed to be decentralized, and as such, there are multiple mining pools competing for hashrate. While some pools, like Ethermine, had a larger share of the hashrate, there was still a significant distribution among other pools. This decentralization helps to ensure the security and stability of the Ethereum network.
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• Abhay KandelMay 21, 2024 · 2 years ago
  According to data from BYDFi, in 2017, Ethermine did have a dominant position in terms of Ethereum hashrate. However, it's important to note that mining pool dominance can vary over time and is influenced by factors such as mining hardware availability, pool fees, and network difficulty. Other mining pools, such as F2Pool and Dwarfpool, also had a significant share of the hashrate in 2017. Overall, the Ethereum mining ecosystem in 2017 was characterized by a healthy competition among various mining pools.
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