Cryptocurrency Q&A
How much is Ethereum proof of work?
How much is Ethereum proof of work?
MoonlitCharm
Thu Jun 20 2024
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7 answers
1422
Could you elaborate on the cost associated with Ethereum's proof-of-work consensus mechanism? Specifically, I'm interested in understanding the economic implications and potential expenses related to miners participating in the Ethereum network through proof-of-work. Are there any significant costs associated with mining Ethereum blocks, such as hardware investments, electricity consumption, or other operational expenses? Additionally, how does the current market value of Ethereum affect the profitability of mining?
7 answers
SamuraiWarrior
Sat Jun 22 2024
EthereumPoW, currently trading at $2.933619 per unit (ETHW/USD), holds a market capitalization of approximately $316.30 million USD.
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alexander_smith_musician
Sat Jun 22 2024
Its 24-hour trading volume stands at $9.11 million USD, indicating a healthy level of liquidity and interest in the market.
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SakuraSmile
Sat Jun 22 2024
The ETHW to USD exchange rate is updated in real-time, reflecting the latest market conditions and sentiment.
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SamuraiBrave
Sat Jun 22 2024
Over the past 24 hours, EthereumPoW has experienced a price decline of 1.4%, highlighting the volatility inherent in the cryptocurrency market.
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Michele
Fri Jun 21 2024
Despite this minor dip, the coin continues to maintain a circulating supply of 107.82 million units.
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