RATE Group | Is it worth mining Ethereum in 2018? How much can you make mining Ethereum? (ETH News To…
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Is it worth mining Ethereum in 2018? How much can you make mining Ethereum? (ETH News To…

05 Nov Is it worth mining Ethereum in 2018? How much can you make mining Ethereum? (ETH News To…

Posted at 20:56h in Ethereum News by

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ethereum mining

When it comes to mining of any cryptocurrency, it is important to look into the cost of the cryptocurrency. Once you are able to look at the cost, you would realize whether mining it would be profitable or not. In the last 12 months, cryptocurrency Ethereum has increased by 20 times. Therefore, you might think that it would be worth mining. The truth is that you have to look into the cost and thereafter take a call.

What is Ethereum mining?

Ethereum mining involves verifying the Ethereum transactions in order to earn the cryptocurrency. You need to understand that you are basically lending the processing power of your mining rig in order to verify the transactions. As a set number of transactions are verified, you would be able to earn the cryptocurrency.

Factors on which the mining of Ethereum depends:

There are a few factors which you have to look into while starting the mining operation. Only once you are having the right hardware, you would be able to mine Ethereum…

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