Can Ethereum still be mined?

Cloud Rush

The change in the mining mechanism of Ethereum is inevitable from the trend. According to Vitalik Buterin, “after the implementation of the PoS consensus algorithm, Ethereum will be more secure than Bitcoin, and the cost of attack will be higher.”

The upgrade of London EIP-1559 in August can only be regarded as a transitional plan. After the London upgrade, the difficulty of Boom, originally scheduled for December, may be postponed. If it is launched according to the original plan, it will be tougher for Ethereum to realize the conversion from PoW to PoS in the first quarter of next year.

The Ethereum graphics card miners are obviously more affected on the issue of changes to the mining consensus mechanism. According to the calculation of current mining income, the static payback period of Ethereum graphics card miners is generally about one year. If Ethereum completes the 2.0 upgrade and merger next year, the miners have obviously not been able to recover the cost, and it is even more impossible to obtain more revenue.

Cloud Rush

However, miners needn’t worry as if the Ethereum 2.0 upgrade is successful, ETH can be still kept. As the market sell-off decreases, the price of ETH is bound to rise. By then, the cost can be recovered through price increases, there will be more benefits that can be continuously obtained by staking the ETH in the hand. In contra, if the Ethereum 2.0 upgrade fails, it is still possible to continue mining on the original chain and will not be affected.

You can choose Cloud Rush in certainly.

Cloud Rush has a professional technical team and core algorithm team, which constantly adjusts and optimizes mining algorithms to ensure user benefits. At present, renewable energy mining including BTC, ETH, and Filecoin has been deployed in California, USA. The supervision is fully compliant and the United States’ second-largest data center Cyxtera provides mining machine custody services. There are 24/7 uninterrupted operations and maintenance to ensure high-performance mining machines. Users will only need to view/check their income and the status of the miners in real-time on the App, which liberates the miners in all directions and allows you to mine without any worries




Cloud Rush can provide the most professional blockchain(Filecoin) one-stop mining service solution

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

CoinEx: Bitcoin Futures ETF Gets Approved. How Long Will It Take the Bitcoin Spot ETF?

February updates of Gravis Finance

Strategic Investor Spotlight: Master Ventures

Most NFTs have terrible chaindata — that’s bad

Questions about Stablecoins

Bumper partners with TotemFi & Hypersign for a $10,000 bounty campaign!

The World’s First Commercial Real Estate DeFi Project’s Game-theoretic Auction

What Is Peer-to-Peer or virtual currency? Explained.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Cloud Rush

Cloud Rush

Cloud Rush can provide the most professional blockchain(Filecoin) one-stop mining service solution

More from Medium

Things Crypto Bros Can Learn From Money Heist Series

Why there is a chance to see a severe financial recession within 6–12 months?

A Peek into BEP20 Token Development

Your Favorite Crypto Price Feed Coming To The RFOX VALT Metaverse