Ethereum: Add the mining of multiple computers?
The Ethereum Network has long been known for its decentralized and open source architecture, allowing users to mines cryptocurrencies such as bitcoin, expensive hardware or centralized mining pools. The general misconception about Ethereum mining is that it is faster than the mining of a computer at 5 mhash/s (megahash per second). Let’s dive into this question.
Ethereum Mining Process
In conventional mining, computers are special tasks, such as cryptographic calculations and data collection. In contrast, the Ethereum blockchain is self -sustaining, which means that each block contains the hash of the previous block, allowing for faster control and validation of transactions.
The process includes miners who compete to solve complex mathematical puzzles, which requires significant computational performance. The number of computers involved in mining can be overloaded, and thousands of nodes are connected to the Ethereum network at a given time.
Comparison of several computers
If you have four computers, each contributes 5 mhash/s, it is not necessarily true that their collective computing performance is additive. In fact, this approach can reduce performance for several reasons:
- Scalability : As more and more miners join the network, the number of calculations increases exponentially. This increased calculation load can slow down the network and reduce its full capacity.
- Network congestion : If multiple computers work together, there is a risk of congestion in the network. Other users may experience a slower transaction period or reduced bandwidth due to increased traffic generated by these new mining pools.
- Energy Consumption
: While Ethereum is designed with energy efficiency, running multiple machines at 5 mhash/s can remain power-hungry. The total energy consumption of four computers can potentially exceed the benefits of collective computing.
Ethereum block reward and mining difficulty
In terms of perspective, note that Bitcoin mining requires a significant computation to solve complex mathematical puzzles. Each block contains 4 294 967 296 transactions, each transaction requires about 140-144 mhash/s for check and validation.
In contrast, the Ethereum block reward is not directly related to the number of mining, but rather to the speed that solves the miner (about 6.25 mhash/s a new block). This reward encourages miners to continue solving the puzzles, regardless of their unique computing performance.
Conclusion
While mining multiple computers may seem attractive, this is not necessarily the most effective approach. Increased calculation load has reduced performance and network congestion problems. In addition, the reward structure of the Ethereum block is designed to encourage individual miners (or a small group) to work together instead of relying on collective computing performance.
If you have four computers and consider connecting to the Ethereum Mining Basin, be aware of possible compromises:
- Network congestion : A slower transaction time or reduced bandwidth is experienced.
- Energy Consumption : Running multiple machines at 5 mhash/s can still be power-hungry.
- Encouragement of individual miners : The block reward structure ensures that each miners continue to contribute, even if their collective computing power is lower.
Finally, Ethereum mining is a complex beast with many variables. It is essential to understand network dynamics and possible compromises before deciding whether to join an Ethereum mining pool or invest themselves in their own hardware.