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Definition: Ethereum mining


Although Ethereum 2.0 changes the consensus mechanism to proof-of-stake (PoS), Ethereum 1.0 uses proof-of-work (PoW) and blocks are mined in a similar manner as Bitcoin. See Bitcoin mining and Ethereum 2.0.



Ethereum Miners
The very comprehensive Etherscan 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. For more information, visit www.etherscan.io.