Ethereum is a smart contract platform that enables developers to build tokens and decentralized applications (dapps). ETH is the native currency for the Ethereum platform and also works as the transaction fees to miners on the Ethereum network. Ethereum is the pioneer for blockchain based smart contracts.
The miners contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations, or hobbyists who set up mining rigs at home or in the office. of Ethereum a decentralized open-source blockchain with smart contracts functionality. are looking for options and sound very curious alternatives such as cloud computing and artificial intelligence. While some are waiting for ETHPoW, others are already supporting Ethereum Classic.
- Miners look for options after the arrival of The Merge
- HIVE is making inroads into the cloud computing sector.
- HUT has been working on artificial intelligence projects since the beginning of the year.
- The bulk of the miners are between Ethereum Classic y ETHPoW
Already some of the main miners who supported the Ethereum would be migrating to other networks, this because of the arrival ofThe Mergethat has begun its first steps to make the transition from Proof-of-Work poW is a type of consensus algorithm that rewards validators according to the amount of computational power they have expended. (PoW) a Proof-of-Stake poS is a type of consensus algorithm that rewards validators according to the amount of crypto they have staked. (PoS). However, there are other participants that would be implementing their mining a process where blocks are added to a blockchain, verifying transactions. It is also the process through which new bitcoin or some altcoins are created. devices to venture into other interesting areas.
Such is the case of Canadian cryptocurrency cryptocurrencies are digital currencies that use cryptographic technologies to secure their operation. company Hive Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. (HIVE) which is using some of the processing power produced by its hardware and graphics cards to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. cloud computing initiatives, while also dabbling in other plans to continue its mining operations but now with other cryptocurrencies.
HIVE, cloud computing and other projects
According to a published report through the middle CoinDesk , the miner the term “miner” can refer to both the person doing the mining and the device that is used to mine crypto. already has a test pilot running in a data center at “ Level 3″. where part of your cards NVIDIA A4 GPU 0 are operating to support cloud computing services:
“These [A40] cards can be used for cloud cloud servers are typically located throughout different data centers all over the world. computing and artificial intelligence applications, and rendering for engineering applications, in addition to scientific modeling of fluid dynamics.”
In parallel with this initiative, the technical team of HIVE has also been testing to evaluate other networks on which to put its equipment to mine. But what it has been doing is deriving a good portion of its mining profits from ETH to fund its program to generate more Bitcoin.
According to another report published by the media Cointelegraph , the company is expanding its mining program Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. when purchasing devices ASIC an acronym for application-specific integrated circuit — a device designed for the sole purpose of mining cryptocurrencies. generation. A survey presented at the end of August details that HIVE managed to mine about 290 BTC during the past month, which gives an estimated 9 BTC generated per day, despite the increasing difficulty a measure of how hard it is to validate a new block on a blockchain. levels of the network.
Ideas in the field of artificial intelligence
While the miners who supported Ethereum are beginning to diversify, another interesting initiative in which they are using the HASH a hash is the output result of a hashing algorithm, which creates a unique, fixed-length string to encrypt and secure a certain selection of arbitrary data. generated has to do with artificial intelligence.
It is in this field that the Canadian mining company is making inroads. Hut 8 (HUT), which since the beginning of the year has been backing high-performance computer programs, with which they would be disposing their lots of GPU for artificial intelligence processes, automatic learning and rendering services of VFX.
Ethereum Classic y ETHPoW
As far as the bulk of the mining community is concerned, it seems that the most suitable options would be the network a network refers to all nodes in the operation of a blockchain at any given moment in time. of Ethereum Classic, or if not the future fork scheduled for Ethereum that would maintain mining via PoW, initiative known as ETHPoW.
Regarding Ethereum Classic, the network began operating under this name in 2016 after it Ethereum decided to implement a change change — a concept relevant to cryptocurrencies that use the UTXO model — is the number of coins sent back to a user after they use their unspent outputs to initiate a transaction. in which he was unaware of the robbery perpetrated againstThe DAO,in which they stole about USD $60 million from the first decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. organization designed for the crypto ecosystem. The levels of HASH emissions in the network already exceeded 48.6 TH/s today, reflecting a 133% growth since last July.
For its part, ETHPoW is an initiative that drives the mining community member of Ethereum, Chandler Guo, who proposes creating a version of the network in which mining would continue as it was to accommodate the bulk of the community that would be left stranded after the arrival ofThe Merge.
On this proposal there is still no official information, but it is expected that this new version will come to place in the coming weeks before Ethereum see your long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. awaited update.
- Ethereum Bellatrix update goes live: countdown to The Merge begins
- Ethereum Classic rises 25% and hashrate hits new highs as ETH miners migrate
- Ethereum rises ahead of The Merge as Bitcoin remains below USD $20,000 on Sept. 5th
Article by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash