Ethereum Mining 2021 | How To Mine Ethereum 2021 | Ethereum Tutorial For Beginners | Simplilearn

Ethereum Mining 2021 | How To Mine Ethereum 2021 | Ethereum Tutorial For Beginners | Simplilearn

This video on Ethereum Mining covers all the important concepts from basics to advanced. Also it covers all the information about Ethereum Mining like how to mine ethereum, What do you need to mine Ethereum, How Ethereum mining works, What are the types of Ethereum mining
And is it Profitable to mine Ethereum?

00:00 Introduction to Ethereum
02:18 What is Ethereum Mining?
03:02 Why should we Mine Ethereum?
03:35 Types of Ethereum Mining
06:25 How to Mine Ethereum?
10:50 Will the proff of stake transition kill the proof of work
11:40 Is mining Ethereum Profitable?

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What is Ethereum?
Ethereum is a blockchain-based computing platform that enables developers to build and deploy decentralized applications—meaning not run by a centralized authority.

Ethereum Features:
1. Ether: This is Ethereum’s cryptocurrency.
2. Smart contracts: Ethereum allows the development and deployment of these.
3. Ethereum Virtual Machine: Ethereum provides the underlying technology—the architecture and the software—that understands smart contracts and allows you to interact with it.
4. Decentralized applications (Dapps): Ethereum allows you to create consolidated applications, called decentralized applications. A decentralized application is called a Dapp (also spelled DAPP, App, or DApp) for short.

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Why learn Blockchain?
Blockchain technology is the brainchild of Satoshi Nakamoto, which enables digital information to be distributed. A network of computing nodes makes up the Blockchain. Durability, robustness, success rate, transparency, incorruptibility are some of the enticing characteristics of Blockchain. By design, Blockchain is a decentralized technology which is used by a global network of the computer to manage Bitcoin transactions easily.

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