In a world where currencies are constantly devalued by governments printing more money, Ethereum stands out as a deflationary currency. Ethereum is designed to reduce the new supply of tokens each year, with the goal of eventually reaching a steady state. This deflationary model is a key reason why Ethereum has become so popular, as […]
How Many Ethereum Miners Are There
As of July 2017, there are around 5.6 million ethereum miners. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum miners are rewarded with ether, a type of cryptocurrency, for their contributions to the network. Mining is an important […]
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How Long To Mine An Ethereum
How Long To Mine An Ethereum Mining Ethereum is a process that helps secure the network and process transactions. Miners are rewarded with ether for their efforts. How much ether you can earn through mining depends on how powerful your mining rig is and how long you mine for. The amount of time it takes […]
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