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How has solo mining for Ethereum changed in 2017?

avatarUnknownQwertyzDec 25, 2021 · 3 years ago1 answers

Can you provide a detailed explanation of how solo mining for Ethereum has evolved and changed in 2017? What are the key factors that have influenced these changes?

How has solo mining for Ethereum changed in 2017?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    Solo mining for Ethereum has seen significant changes in 2017. The increased popularity of Ethereum has led to a surge in mining activity, making it more difficult for solo miners to compete. Many miners have joined mining pools to increase their chances of earning rewards. Additionally, the introduction of Ethereum's Casper protocol has raised concerns among solo miners, as it could potentially render their mining efforts less profitable. However, solo mining can still be a viable option for those who have access to low-cost electricity and powerful mining equipment. It allows miners to have full control over their mining operations and eliminates the need to share rewards with other miners.