When Ethereum was launched in 2015, the initial reward for mining a block was set at 5 ether. This amount was halved to 2.5 ether in 2016. The current reward is set at 3 ether. The total number of ether that will be created is capped at 18 million ether per year. This means that […]
How Long Can I Mine Ethereum
The Ethereum blockchain is a decentralized platform that runs smart contracts. These contracts are executed by nodes in the network as opposed to a third party, like a bank. Miners are rewarded for their contributions to the network by earning Ether, a type of cryptocurrency that is used to pay for transactions on the Ethereum […]
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