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What Is Ethereum Mining?

Dominikas Pupkevicius
Dominikas Pupkevicius
July 14th, 2023
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Ethereum mining is the core concept at the heart of the Ethereum blockchain network. You can think of this as the running engine of the system that is constantly providing the physical infrastructure needed to facilitate a functioning financial ecosystem. Miners get rewarded for the work they do and in tandem provide the network transactions with validity and security.

This guide is going to tell you everything you need to know about Ethereum, how it works, how the process of mining is completely interconnected with the token, and also what new and competing blockchain consensus mechanisms are out there. On the other hand, ethereum mining serves as the initial method for acquiring Ether, but with the advent of Ethereum staking, individuals can now secure and validate transactions on the network by locking up their Ether holdings.

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Contributors

Dominikas Pupkevicius
Writer
Dominikas is a content and research writer with over 6 years of experience. He is passionate about blockchain technology and believes cryptocurrency is the future of humanity. Dominikas lives in the countryside with his 3 dogs and enjoys long walks.