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RE: My Crypto Portfolio, Coin #2: Ethereum (ETH)
Ethereum has so many technologies relying on it, that it is hard to imagine a scenario where it does not do well this year. It is also interesting to note that this year, they plan to move from a Proof-of-Work model(mining) to a Proof-of-Stake model(dividends for ownership). This should reduce its footprint as far as wasted electricity. People seem on the fence about this change.
What does the change from POW to POS mean for the miners, does that mean they no longer get ether for mining?
I am fairly certain it means that they are killing off mining.
Hmm. So what do ex-miners get for continuing to provide computing power?