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Why is Ether Miner Unstable (Does Ethereum Miner Need to be Connected to the Internet)?

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Why is Ether Miner Unstable? Due to the high mining difficulty and electricity c

Why is Ether Miner Unstable (Does Ethereum Miner Need to be Connected to the Internet)?

Why is Ether Miner Unstable? Due to the high mining difficulty and electricity costs, many regular users encounter problems when using it. Although the price of Ether is low, it has been fluctuating constantly. Therefore, in general, when the mining difficulty of Bitcoin continues to rise or undergoes a correction, Ethereum is easily affected by this situation. The Ethereum block rewards will decrease accordingly, and the income generated by the Proof of Work (PoW) algorithm will be destroyed. If a Bitcoin network only has 21 million computing power, its value may be more expensive than the current market price.

Does Ethereum Miner Need to be Connected to the Internet?

Does Ethereum miner need to be connected to the internet? In some cases, you may have to use another connected computer to do the work. But without this technology, your mining will not have enough space to operate. Therefore, if you want to power your own device, you must ensure network security and use it in conjunction with other hardware.

When we talk about “Ethereum 2.0,” it will be about a simpler solution: by allowing miners to join a consensus mechanism, everyone on the Ethereum blockchain can be online at the same time (or at least communicate one-on-one with each other). However, these systems do not guarantee data synchronization between them, but provide the same level of security and safety, rather than each machine having different permissions, capabilities, or statuses. However, this approach is crucial for the Ethereum protocol, as it allows mining companies and developers to collaborate in solving problems. (EthereumWorldNews)

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