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Author: Admin | 2025-04-28
Just around the corner and ether staking already available, staking is certainly the simpler, less hardware-intensive, more future-oriented way to earn ether. Understand the Future of Everything Join the Crypto RevolutionStart Your Free Membership Now 100% Free. Yep, You Heard Us Ether Staking (PoS) and Ethereum Classic (ETC) Mining As mentioned, ether mining is soon expected to come to an end. Ethereum has started the development to switch from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism years ago. According to the Ethereum Foundation, the switch from PoW to PoS can be expected to happen in Q2 or Q3 of 2022. For miners, this fundamental shift makes them obsolete, as mining in the form of solving cryptographic puzzles is no longer required for PoS.Read More: Learn About Ethereum 2.0Instead of mining ether, users can now stake their ether to earn staking rewards. Investors can either stake ether by running their own Ethereum validator as described here, which requires a minimum of 32 ether. Or they can stake any amount of ether with a staking service. Many crypto exchanges like Coinbase or Binance already offer ether staking. Also, staking is offered by decentralized services such as Lido or Rocket Pool.Miners wanting to keep using their hardware after the switch can direct their computing power to other blockchains that are still working on a PoW consensus mechanism. The easiest option is Ethereum Classic (ETC), which runs on almost the same hashing algorithm as Ethereum, so it supports the same hardware. All
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