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What is Ethereum? What is Ethereum mining?

In the Ethereum universe, there is a single, canonical computer (called the Ethereum Virtual Machine, or EVM) whose state everyone on the Ethereum network agrees on. Everyone who participates in the Ethereum network (every Ethereum node) keeps a copy of the state of this computer. Additionally, any participant can broadcast a request for this computer to perform arbitrary computation. Whenever such a request is broadcast, other participants on the network verify, validate, and carry out ("execute") the computation. This execution causes a state change in the EVM, which is committed and propagated throughout the entire network.

Requests for computation are called transaction requests; the record of all transactions and the EVM's present state gets stored on the blockchain, which in turn is stored and agreed upon by all nodes.

Cryptographic mechanisms ensure that once transactions are verified as valid and added to the blockchain, they can't be tampered with later. 

How does Ethereum mining work?

Ethereum currently uses a proof-of-work consensus mechanism. This means that anyone who wants to add new blocks to the chain must solve a difficult puzzle that requires a lot of computing power. Solving the puzzle "proves" that you have done the "work" by using computational resources. Doing this is known as mining. Mining is typically brute force trial and error, but successfully adding a block is rewarded in ETH.


BTC
Shut Down
Issue amount 21000000
24 hours volume 486.59K
24 hours turnover $ 46.05B
Market Direction Long
Panic Index 60 (Greed)
Swap Rate 2.45%
Market Value Proportion 62.86%
market value $ 8,879.53 x 100 million
24 hour increase 3.06%
Computing power 848.20 EH/s
daily output 0.00000051 BTC / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
LTC
Shut Down
Issue amount 84000000
24 hours volume 4.56M
24 hours turnover $ 391.46M
Market Direction Short
Swap Rate 6.02%
Market Value Proportion 0.21%
market value $ 35.60 x 100 million
24 hour increase 3.78%
Computing power 2.50 PH/s
daily output 0.00000348 LTC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
BCH
Shut Down
Issue amount 21000000
24 hours volume 1.20M
24 hours turnover $ 441.43M
Market Direction Long
Swap Rate 6.06%
Market Value Proportion 0.24%
market value $ 32.46 x 100 million
24 hour increase 4.65%
Computing power 3.10 EH/s
daily output 0.00012667 BCH / T
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

Completed
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
FIL
Shut Down
Issue amount 2000000000
24 hours volume 100.51M
24 hours turnover $ 278.94M
Market Direction Short
Swap Rate 15.16%
Market Value Proportion 0.06%
market value $ 28.64 x 100 million
24 hour increase 7.58%
Computing power 22.63EiB
daily output 0.00360000 FIL / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
XCH
Shut Down
Issue amount 21410000
24 hours volume 471.39K
24 hours turnover $ 5.56M
Market Direction Short
Swap Rate 7.12%
Market Value Proportion 0.00%
market value $ 1.22 x 100 million
24 hour increase 5.17%
Computing power 14912.60839843 PiB
daily output 0.00025120 XCH / TiB
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
ETC
Shut Down
Issue amount 210700000
24 hours volume 11.30M
24 hours turnover $ 194.36M
Market Direction Short
Swap Rate 7.62%
Market Value Proportion 0.08%
market value $ 17.18 x 100 million
24 hour increase 4.22%
Computing power 280.68 TH/s
daily output 0.00004393 ETC / M
Halving time

The public chain will have a halving cycle to maintain the value of the currency, and the market will rise sharply after halving in history.

No halving expected
Earnings volatility

The computing power of the entire network is due to the increase and decrease of mining machines, which affects the average distribution of revenue. If the computing power decreases, the average revenue will increase, and if the computing power increases, the average revenue decreases.

0%
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