Ethereum is an underlying system that can implement smart contracts and open source on the blockchain. It is a platform and a programming language that enables developers to build and publish next-generation distributed applications. Ethereum can be used for programming , Decentralization, guarantee and transaction of everything: voting, domain names, financial exchanges, crowdfunding, company management, contracts and most agreements, intellectual property rights, and smart assets that benefit from hardware integration.
The two biggest changes in Ethereum 2.0, one is the adoption of the "beacon chain + shard chain" structure, and the other is the transformation of the consensus mechanism from the current PoW to PoS. According to God V, "After the PoS consensus algorithm is implemented, Ethereum will be more secure than Bitcoin, and the cost of attack will be higher."
The first change in the consensus mechanism is undoubtedly the Ethereum graphics miners. Some time ago, thanks to the explosion of the DeFi market, Ethereum mining has become a favorite in the eyes of many people. Both the number of people entering the market and the computing power of the entire network are growing rapidly. However, Ethereum 2.0 is like a sword of Damocles, because the PoS consensus mechanism does not require the Ethereum graphics card miners currently mining.
So, the question is, how long can the golden mountain of Ethereum be dug? After the transformation to PoS, where will these Ethereum graphics mining machines go?
The first place to go is to mine other currencies.
Graphics card miners that have withdrawn from the mining market, selling their residual value after disassembly is the second place to go. Bitcoin is defined as a monetary system, while the focus of Ethereum is to build a public chain, a blockchain operating system, and most of the blockchain projects are developed and run on Ethereum. Mobile phone realizes dual mining of Bitcoin and Ethereum.
Is mining late now?
This question is what many people want to understand. In fact, this question is like asking whether to make money by speculating on coins. It can only be said that someone may lose money, but someone will definitely make money. Especially for Xiaobai who has just entered the circle, mining is still more suitable than speculating coins. Compared with secondary market investment, mining is always the only way to obtain the subject matter at the lowest cost. Cheaper doesn't just mean higher profits. What investors value more is that the anti-risk ability of mining is much higher than any role in the secondary market, and miners are most likely to be the big winners.
With the advent of the dry season and the elimination of 4G mining machines, the computing power of Bitcoin and Ethereum in the entire network will drop significantly. Then this is the time for us to break out, because in order to maintain a relative balance in the circle, the market Adjustments will definitely be made. In order to supplement the new computing power, a large number of new mining machines will definitely be purchased. At this time, the computing power will increase, so our currency price will also increase. The advent of Ethereum 2.0 this year is also a revolution in blockchain technology.
There is only one way to obtain Bitcoin and Ethereum through mining. Now is the time to invest and lock in costs. Cloud computing power does not need to purchase mining machines. You can mine Bitcoin and Ethereum on your mobile phone. See the picture below to download the mining APP.
