BTC

-1.79%

$19400.07
ETH

-1.83%

$1326.28
LTC

-2.28%

$53.22
DASH

-9.17%

$39.33
DCR

-5.24%

$24.4
ZEC

-7.05%

$52.6
location Home > News > Details

How long can ETH be mined? Is it too late to participate in ETH mining now?

2022-04-12 09:21

Speaking of cryptocurrency mining, people often mention Bitcoin mining. Few people may know that from 2021, the income of Ethereum miners has exceeded that of Bitcoin miners.

Even with the EIP-1559 changing the way miners are rewarded on the network, it has not slowed down the revenue generated by miners. which hit a staggering $1.34 billion in March for ETH mining miners.

Seeing this, some friends who don't know much about ETH mining may have some questions, such as what is EIP-1559? How long can ETH be mined? Is it too late to participate in ETH mining now?

What is EIP-1559?

Ethereum's London hard fork upgrade was a set of five Ethereum Improvement Proposals (EIPs). One of the proposals called EIP-1559 aimed at increasing the mining speed of its ETH mining and incentivising it. 

EIP-1599 is significant as it brought substantial changes to Ethereum's monetary policy and introduced the burning of base fees in transactions .

Ethereum’s transition from proof-of-work to proof-of-stake, known as Ethereum 2.0, after Ethereum’s London hard fork upgrade, will make Ethereum completely deflationary. But on the other hand, it also means that ETH mining will be completely eliminated after the upgrade.

How long can ETH mining last?

There is currently no definite official announcement time, but the community generally believes that it will be between June and August, because the difficulty bomb is expected to detonate at the end of June.

Although the date of Ethereum 2.0 is approaching, the value of ETH continues to rise. And when Ethereum 2.0 officially arrives, the value of ETH is expected to enter a new level. Therefore, there are still many miners frantically participating in ETH mining, which may be the last carnival of Ethereum miners before the arrival of 2.0.

Is it too late to participate in ETH mining now?

Many miners are very puzzled. Ethereum 2.0 is coming. Is it too late to participate in ETH mining now? It is indeed a bit late, but if you participate later, it will become even later. Only participating in mining now is the best time to participate in ETH mining.

Of course, miners may only miss such an opportunity considering the cost of ETH mining equipment and the return cycle of mining. For miners who have not purchased ETH mining equipment before, LLGO provides miners with a variety of EHT mining packages such as mining machine co-renting and mining machine leasing.

Miners who want to participate in ETH mining do not need to buy their own mining machines. They only need to rent mining machines on the RHY platform to participate in ETH mining.

Remember: it's never too late to do the right thing.

How to assemble an ETH mining box?

In order to facilitate the migration of mining plants and improve stability, ETH mining boxes are very necessary.Compared with the messy mine rack scheme, the ETH mine box scheme has great advantages in heat dissipation and stability.

Professional ETH mining machines are equipped with mining boxes, which provide good air ducts to enhance heat dissipation, improve stability, and facilitate transportation and migration.

Generally speaking, the components of the ETH mining box include fans, screws, grilles, power cables, expansion boards, and graphics cards. We need to install each component on the mining box correctly according to the installation steps.

First, install the fans one by one, with the grille on the outside of the mining box, to ensure that the airflow directions of the fans on both sides are consistent. Use a series cable to connect the fans in series. The end of the series cable should stay on the side with the opening at the bottom of the mining box. This is the position of the fan power supply socket of the mining box.

The power supply interface on the expansion board should be aligned with the opening on the mining box. Connect one end of the power cable to the expansion board and the other end to the graphics card. The fan string wires are connected to the sockets on the expansion board. Connect the power supply ports and power cables one by one, and insert them into the slots on the expansion board. Cover the top cover of the mining box, tighten the screws, and complete the assembly.

If you don't know how to assemble a mining box, you can also choose to lease or buy the full version of the ETHmining box from LLGO, saving you the trouble of assembling your own mining box.

BTC
Shut Down
Issue amount 21000000
24 hours volume 2.95M
24 hours turnover $ 57.06B
Market Direction Short
Panic Index 21 (Extreme panic)
Swap Rate 15.40%
Market Value Proportion 38.99%
market value $ 2,070.29 x 100 million
24 hour increase -1.79%
Computing power 230.95 EH/s
daily output 0.00000401 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.

+73.27%
ETH
Shut Down
Issue amount 121630728
24 hours volume 24.78M
24 hours turnover $ 32.86B
Market Direction Long
Swap Rate 20.22%
Market Value Proportion 17.00%
market value $ 821.42 x 100 million
24 hour increase -1.83%
Computing power 855.24 TH/s
daily output 0.00001549 ETH / 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.

+372.30%
LTC
Shut Down
Issue amount 84000000
24 hours volume 8.41M
24 hours turnover $ 448.86M
Market Direction Short
Swap Rate 11.80%
Market Value Proportion 0.39%
market value $ 22.76 x 100 million
24 hour increase -2.28%
Computing power 467.75 TH/s
daily output 0.00001519 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.

-10.70%
DASH
Shut Down
Issue amount 18900000
24 hours volume 629.54K
24 hours turnover $ 26.08M
Market Direction Long
Swap Rate 5.75%
Market Value Proportion 0.04%
market value $ 3.68 x 100 million
24 hour increase -9.17%
Computing power 2.30 PH/s
daily output 0.00027736 DASH / G
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.

-59.65%
DCR
Shut Down
Issue amount 21000000
24 hours volume 100.20K
24 hours turnover $ 2.60M
Market Direction Long
Swap Rate 0.69%
Market Value Proportion 0.03%
market value $ 2.51 x 100 million
24 hour increase -5.24%
Computing power 84.88 PH/s
daily output 0.00000412 DCR / G
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.

-87.64%
ZEC
Shut Down
Issue amount 21000000
24 hours volume 933.56K
24 hours turnover $ 51.90M
Market Direction Short
Swap Rate 6.07%
Market Value Proportion 0.09%
market value $ 5.35 x 100 million
24 hour increase -7.05%
Computing power 9.77 GH/s
daily output 0.00027640 ZEC / K
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.

+62.29%
hide
New payment password
Confirm the new password
Email verification code
Cannot receive a CAPTCHA?