Cryptocurrency Q&A
Is it still possible to mine Ethereum?
Is it still possible to mine Ethereum?
SakuraSpiritual
Sat Feb 08 2025
|
8
answers
2148
I'm wondering if it's still feasible to mine Ethereum, considering the recent changes in the cryptocurrency market and technology advancements.
8 answers
CherryBlossomFall
Mon Feb 10 2025
Can you still mine Ethereum?
Was this helpful?
241
36
Claudio
Mon Feb 10 2025
The answer, unfortunately, is no.
Was this helpful?
398
77
CryptoVanguard
Mon Feb 10 2025
The reason for this is that Ethereum transitioned to a Proof of Stake (PoS) model in 2021. This new model eliminates the need for mining and changes the way the network is secured.
Was this helpful?
233
43
ShintoBlessing
Mon Feb 10 2025
In the Proof of Stake model, validators stake ETH to participate in the consensus mechanism.
Was this helpful?
355
79
Sara
Sun Feb 09 2025
This transition from Proof of Work (PoW) to Proof of Stake was a significant change for Ethereum.
Was this helpful?
301
36
Load 5 more related questions
