Ethereum 2.0 is online, mobile phones can also mine

The problems faced by Ethereum mining now, when upgraded to Ethereum 2.0, the current problems faced by Ethereum mining will be solved.

However, switching from the current Ethereum 1.0 to Ethereum 2.0 is a huge project, and its consensus mechanism will shift from POW to POS. Along with the transformation of the consensus mechanism, the way of Ethereum mining will also change dramatically.

why? Because the mining of Ethereum 2.0 will no longer require strong computing power as a guarantee. At that time, the ordinary computers and even smart phones we use every day can meet the hardware configuration of mining and participate in mining as nodes.

Therefore, the current pattern of using hardware as the entry threshold for mining will definitely be broken, and a large number of institutions and individuals will participate in the mining of Ethereum 2.0.

At that time, the field of Ethereum mining will undergo a complete reshuffle and reconstruction.

Although Ethereum 2.0 has not yet been launched (in fact, it is still several years before it is fully launched), the mining of Ethereum 2.0 has begun to take shape, and many rules have been very clear. From these rules, we can see some key points of participating in Ethereum 2.0 mining.

We just said that the mining of Ethereum 2.0 no longer requires powerful hardware. Does that mean that you can mine with just a piece of hardware that meets the minimum configuration requirements and connect to the Internet?

In terms of hardware conditions, yes. However, just meeting this condition is far from guaranteeing that the expected mining income will be obtained. The following two basic conditions must also be met:

The first is that nodes participating in Ethereum 2.0 mining must mortgage 32 ETH.This is a necessary condition. If there is no 32 ETH, it is impossible to participate in mining under the current rules.

According to the current price, the total value of 32 ETH is about 7360 US dollars (about 51520 RMB), which is not a small threshold for ordinary retail investors, so participating in Ethereum mining at this stage may only be limited to Among the small crowd.

The Ethereum team has also noticed this problem, so in the future planning of Ethereum, the team has planned to add some ways to allow users with less than 32 ETH to collect 32 ETH through crowdfunding to jointly participate in Ethereum mining.

The second is that the nodes participating in Ethereum mining must do a good job of maintenance 24 hours a day to ensure that the node equipment can run uninterruptedly, and the second is to be able to connect to the Internet continuously.

Only in this case, participating in mining can get the maximum benefit, otherwise not only the rate of return is not high, but even the 32 ETH that may be mortgaged will be deducted.

Why is this so? Because this is a necessary measure to maintain system security by requiring high-performance operation of nodes through mortgage.

In order to motivate nodes to operate honestly in the POS consensus mechanism, each node must mortgage a certain amount of tokens. When a node is incompetent in the work of block packaging or even does evil to the system, the node will be eliminated by the system, and the tokens mortgaged by the node will be deducted as a punishment.

So what circumstances may cause the node to be incompetent for the work of block packaging?

One is that the performance of the hardware equipment of the node is not enough, and it cannot complete the calculation work of block packaging by itself;

The second is that the working environment of the nodes is not ideal, which causes the nodes to often disconnect from the network or the nodes cannot run stably.

When we use the equipment that can meet the basic mining needs, we don't have to worry about the first point. The next thing we have to do is to ensure the second point, so that the equipment mining environment has a stable environment and a smooth network.

This requires us to maintain the daily operation of the node and try to ensure that it can work 24 hours a day.

therefore,

therefore,Friends who are interested in participating in Ethereum 2.0 mining can track the latest progress of the concerned projects from now on and prepare in advance.