How does Ethereum mining in 2018 compare to other cryptocurrencies?

1 answers

• random_dudeMay 02, 2022 · 4 years ago
  As an expert in the field, I can confidently say that Ethereum mining in 2018 is quite different from mining other cryptocurrencies. Ethereum's Ethash algorithm requires more memory, making it less suitable for traditional ASIC miners. Instead, Ethereum mining is dominated by GPU miners who can handle the memory-intensive calculations. Additionally, Ethereum's transition to proof-of-stake will make traditional mining obsolete, as it will rely on staking rather than computational power. This shift will likely have a significant impact on the mining landscape and profitability. Overall, while Ethereum mining shares similarities with other cryptocurrencies, its unique algorithm and upcoming transition set it apart.
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