Ethereum Mining

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After the Ethereum Merge, the Ethereum network transitioned from proof-of-work (PoW) to proof-of-stake (PoS) consensus mechanism, fundamentally changing how Ethereum mining works. In this new system, "mining" is replaced by "staking," where validators participate in securing the network by locking up (staking) a certain amount of Ether (ETH). These validators are chosen to create new blocks and validate transactions based on the amount of ETH they stake and other factors. This process requires significantly less energy than PoW mining and aims to enhance network security and scalability. Validators earn rewards for their contributions, but they risk losing a portion of their stake if they act maliciously or negligently.

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Many Ethereum miners have yet to resettle into mining a different crypto token. (Midjourney/CoinDesk)
Ex-Ethereum Miners Token Hop to Stay Alive After the Merge
Following the Ethereum Merge, only 20% of miners have switched to other proof-of-work networks.
Many Ethereum miners have yet to resettle into mining a different crypto token. (Midjourney/CoinDesk)

(Midjourney/CoinDesk)
Ethereum Miners’ $319M Crypto Hoard Hangs Over Market After Merge
Miners dumped over 16,000 ETH, worth more than $20 million, in the past week, on-chain data showed. The Ethereum miners still have about 245,000 ETH left – and no longer any b...
(Midjourney/CoinDesk)

(Dall-E/CoinDesk)
Ethereum Classic and Ravencoin's Hashrate Nearly Doubles After Merge
Earlier on Thursday, Ethereum switched to a system that does away with the need for miners.
(Dall-E/CoinDesk)

(Sandali Handagama/CoinDesk)
Large Ethereum Miners Look to Cloud Computing, AI Ahead of The Merge
The network's upgrade will do away with the need for bulky and expensive data centers, which the miners are looking to repurpose.
(Sandali Handagama/CoinDesk)

“A lot of people [miners] are suffering,” Chandler Guo, an ethereum miner, said on CoinDesk TV's "First Mover." (CoinDesk TV, modified)
Miner Chandler Guo Repeats Support for Ethereum Fork Post-Merge
Guo told CoinDesk TV he wants to create a new proof-of-work blockchain to help miners.
“A lot of people [miners] are suffering,” Chandler Guo, an ethereum miner, said on CoinDesk TV's "First Mover." (CoinDesk TV, modified)

7/18/22   The Ethereum Merge Settles In as Next Crypto Narrative
The Ethereum Merge Settles In as Next Crypto Narrative
The much awaited Ethereum Merge appears to be on track for September.
7/18/22   The Ethereum Merge Settles In as Next Crypto Narrative

A Bitmain Antminer s9 board in a bitcoin mine in Norway. (Eliza Gkritsi/CoinDesk)
Bitmain to Start Selling New Ethereum Mining Rig Model Wednesday
Despite the Merge edging closer, Bitmain is releasing an Ethereum ASIC.
A Bitmain Antminer s9 board in a bitcoin mine in Norway. (Eliza Gkritsi/CoinDesk)

Hive Blockchain is selling ether to pay for new Intel-powered bitcoin mining rigs. (Sandali Handagama for CoinDesk)
Crypto Miner Hive Blockchain Selling Ether to Pay for Intel Mining Rigs
The miner expects to have a bitcoin-equivalent hashrate of 6.2 exahash per second (EH/s) in the next 12 months.
Hive Blockchain is selling ether to pay for new Intel-powered bitcoin mining rigs. (Sandali Handagama for CoinDesk)

(Kyle McDonald)
Don’t Blame NFT Artists for Mining’s Environmental Cost, Says Researcher Kyle McDonald
Responsibility for Ethereum’s climate impact lies with institutions, not individuals, argues the emissions dashboard creator.
(Kyle McDonald)

(CoinDesk Research, Cambridge Centre for Alternative Finance)
The State of Bitcoin and Ethereum Mining in 10 Charts
It's been a rollercoaster year for Bitcoin and Ethereum mining: Here is what the data shows.
(CoinDesk Research, Cambridge Centre for Alternative Finance)