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Author: Admin | 2025-04-28
The previous chapter, we explained how bitcoin mining works. We explained that bitcoin miners buy ultra-powerful, specialized computers. They run bitcoin mining software on their computers, leave their computers running, then generate a small amount of bitcoin every few days.In this chapter, we’re explaining everything you need to know about Ethereum mining, including how Ethereum mining works, how it’s different from bitcoin mining, and how you can start mining Ethereum today using any ordinary PC.How Does Ethereum Mining Work?Ethereum, like bitcoin, uses the proof of work (PoW) consensus mechanism. At the most basic level, this means Ethereum, like bitcoin, requires significant computer processing power to verify transactions. That means the Ethereum mining process is very similar to bitcoin mining: people run Ethereum mining software on their computers, and that software uses the computer’s processing power to verify transactions while cryptographically securing the Ethereum network.Ethereum miners, like bitcoin miners, use their computer’s GPUs to mine the blockchain. However, as you’ll learn below, there are several major differences between the two mineable cryptocurrencies.What’s the Difference Between Ethereum and Bitcoin Mining?The first and most obvious difference between mining Ethereum and mining bitcoin is the reward. Instead of earning bitcoin as a reward, Ethereum miners earn Ether, or ETH. Ether is the digital token fueling the Ethereum network. It’s also important to note that the total supply of ETH is indefinite. Unlike bitcoin, there’s no cap of 21 million tokens. ETH will be emitted every year as long as miners continue to mine ETH.Another
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