2 years ago
The past twelvemonth has been a rollercoaster for the 2 largest and astir influential blockchains, Bitcoin and Ethereum.
Bitcoin mining underwent a seismic displacement successful the precocious outpouring of 2021 arsenic China forced miners to unopen down. The pursuing migration of hashrate has changed the scenery of bitcoin mining indelibly.
This portion is portion of CoinDesk's Mining Week.
Ethereum, for its part, is successful the process of transitioning distant from proof-of-work mining altogether, arsenic it prepares for the Merge. Sometime successful mid-2022, it volition switch to a caller proof-of-stake validation process. The effects of this impending alteration are already being felt by Ethereum miners, particularly since the London hard fork of August 2021, which brought successful a caller interest mechanism.
What follows is simply a snapshot medium of the authorities of Bitcoin and Ethereum mining astatine this pivotal clip for some blockchains.
DISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
George Kaloudis is simply a probe expert for CoinDesk Research.
Sage D. Young is simply a tech protocol newsman astatine CoinDesk. He owns ETH, LINK, AAVE, PEOPLE, OS, and HTR arsenic good arsenic a fewer NFTs.
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