Ethereum (ETH) staking or mining- which is more profitable? Ethereum is the cryptocurrency used on the Ethereum network. The launch of Ethereum 2.0 introduced the idea of staking. But which one is more profitable? We calculated the costs of buying mining equipment (hash rate), electricity costs etc. and the daily profits from Ethereum staking and mining.
1:47 Mining: What is it? How to get started.
8:27 Mining: Approximate cost and profit calculations.
12:21 Staking: Approximate cost and profit calculations.
13:25 Mining vs Staking: Profit calculations compared (estimate only).
16:14 Mining vs Staking: Some factors affecting profitability.
17:32 Mining vs Staking: Verdict- which one is more profitable?
🔷 What is Ethereum Mining?🔷
Ethereum is one of the easiest cryptocurrencies to mine, using idle computer resources to earn daily revenue in Ethereum (ETH). This is especially true if you have a high end computer, as they usually have the necessary hardware to mine Ethereum. In order to get mining, you’ll need a Graphics Processing Unit(GPU). GPUs are usually in gaming computers and high-end computers (eg MacBook Pro or Dell XPS). Miners frequently sell mined Ethereum on top cryptocurrency exchanges or Over-the-Counter to generate passive income.
👉 Learn more about Ethereum mining:
🔶How to Stake Ethereum 2.0?🔶
Staking on Ethereum 2.0 is finally live. However, the process of connecting your Ethereum (ETH) coins can be a bit tricky. It’s not all about sending 32 ETH to the contract. Doing so would end up with you losing your funds. You can stake Ethereum 2.0 by using AllNodes, a non-custodial platform for hosting nodes.
👉 Learn more about Ethereum 2.0 (ETH 2.0) staking:
#Ethereum #Staking #Mining #Cryptocurrency
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I’m not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video.