The Ethereum Mining System and how it works || 10% beneficiary to @tron-fan-club

Greetings to all steemians on this great platform, I am very excited to write and share with you guys on the mining system for Etheereum blockchain. I hope that this would benefit everyone here as well.

---

_{Image Source}

---

Ethereum mining is the process by which new blocks are added to the blockchain.

The Ethereum blockchain is a public, distributed ledger that can store transactions and data of any kind. It consists of blocks that are added in a linear, chronological order. Ethereum miners work to earn Ether, which is a type of crypto token used to pay transaction fees and computational services on the Ethereum network.

The reward for successfully mining a block is 5 Ether. Ethereum is different from other cryptocurrencies because it uses a memory-hard hash algorithm called ethash. This algorithm was chosen because it makes it more difficult to solve the algorithm, but also allows for the mining process to be more energy efficient.

Mining Ethereum is a lot more complicated than mining bitcoin.
Bitcoin is an easy-to-mine cryptocurrency, all you need is a computer and the right software, and you're set. Ethereum, on the other hand, requires specialized hardware called an ASIC (application-specific integrated circuit) miner to mine it. These are very expensive and only work for mining Ethereum (and other cryptocurrencies like Monero). You will not be able to mine bitcoin with one of these machines.

These machines have been designed specifically for mining Ethereum and are optimized for it; they can perform billions of calculations per second in order to solve the cryptographic problems required by Ethereum's blockchain. The more powerful your ASIC miner, the faster it will mine (but also the more expensive it will be).

---

_{Image Source}

---

Mining Ethereum is a process of solving complex math problems in order to be awarded with Ether. It's a way for people to earn money by helping the Ethereum network run smoothly.

The most popular way to mine Ethereum is using GPUs, though some people have also been successful using CPUs and even smartphones (though this is much less feasible). The more powerful your computer is, the more likely it is that it will solve these problems before anyone else.

The reward you get depends on how long it took you to solve the problem, so if someone else solves it first, you'll get nothing. However, if nobody solves it before you do then there's always a chance that someone else could come along and steal your reward.

It is a computational process that requires a lot of computing power, as well as electricity.

In order to be able to mine Ethereum, you need to have an Ethereum wallet address and also a mining software. When you start mining Ethereum, you will need to create a DAG file. This is a Directed Acyclic Graph. You will also need to join a mining pool so that your chances of earning ether are increased. The best way to do this is by using Ethminer or Genoil miner software on your computer or laptop.

This is the little knowledge that I can share with you guys for now, I hope that you guys enjoyed and liked it as well. Thank you all for your time and attention. Hope to see you all in my next article.