Is mining no longer possible after the merge of Ethereum?

3 answers

• Luka BilbaoApr 25, 2022 · 3 years ago
  Yes, after the merge of Ethereum, mining will no longer be possible. The merge involves transitioning from proof-of-work (PoW) to proof-of-stake (PoS) consensus algorithm. This means that instead of miners solving complex mathematical puzzles to validate transactions and secure the network, validators will be selected based on the amount of cryptocurrency they hold and are willing to lock up as collateral. Mining, as we know it, will no longer be needed in this new system. This transition aims to improve scalability, energy efficiency, and security of the Ethereum network.
  579

  290
• sethOct 25, 2021 · 4 years ago
  No, mining will still be possible after the merge of Ethereum, but it will be different. The merge will introduce the concept of staking, where users can lock up their Ethereum as collateral to participate in the validation process. Stakers will be rewarded with additional Ethereum for their participation. While traditional mining with GPUs or ASICs will no longer be necessary, individuals can still contribute to the network by staking their Ethereum and earning rewards. This shift to proof-of-stake aims to address the scalability and energy consumption issues associated with proof-of-work.
  597

  199
• Milk MartinMar 31, 2021 · 4 years ago
  After the merge of Ethereum, mining will indeed no longer be possible. This change is part of Ethereum's transition to a more sustainable and efficient consensus mechanism called proof-of-stake. Instead of relying on energy-intensive mining operations, Ethereum will rely on validators who hold and lock up their Ethereum as collateral. Validators will be selected based on their stake, and they will be responsible for validating transactions and securing the network. This transition is expected to reduce the environmental impact of Ethereum and improve its scalability and security.
  586

  147