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Definition: Ethereum mining


Similar to Bitcoin, the initial Ethereum consensus method uses proof-of-work (PoW) to mine crypto and add transactions to the blockchain. Ethereum 2.0 changes the consensus mechanism to proof-of-stake (PoS). See proof-of-work algorithm, proof-of-stake algorithm, Bitcoin mining and Ethereum 2.0.



Ethereum Miners
The very comprehensive Etherscan.io website maintains real-time statistics about every aspect of Ethereum transactions. This breakdown of miners in late November 2021 shows that two mining pools made up almost half of all Ethereum mining. In the prior week, nearly 50,000 blocks were mined. See crypto stats.