You must have heard of the term Ethereum mining. This mining procedure resembles Bitcoin mining for it also uses proof of work. Also referred to in short as POW, this is a competitive procedure that miners undertake, writing the transactions to a new block. These blocks are then added to the Blockchain. A miner can successfully mine a new block and compete with fellow miners by running the hashing script.
Why has the mining procedure become complicated over time?
The difficulty of mining has increased exponentially. Over time the mining pools saw a development through which the miner group worked together for pooling the resources. In other cases, the operations that connected multiple mining rigs got launched. But over these years the mining system has modified which has led to lower profits for miners.
About Ethereum network- What does it include?
This network has the Blockchain where the transactions, which are made using Ethereum, require being approved by the miners, so it takes a while before the Ether that is sent reaches them. The transaction is verified and placed within the Ethereum Blockchain. The procedure of verification is known as the proof of work and it is the responsibility of the miners.
Ethereum miner- What are we offering?
The linzhi phoenix is the latest and most powerful Etereum ASIC miner that is available in the market. The development has been phenomenal and after the development, we are finally offering the product or rather the state of the art architecture. This architecture will provide the most profitable performance and boasts of a miner that can deliver a hash rate of 2600 MH/s by consuming 3000W per hour. We are also continuously working on boosting the memory capacity of Linzhi.
As we have mentioned above that due to the rising difficulty, electricity costs and other hassles, mining as a profitable activity has seen a dip, however with our dedicated efforts we are taking the right steps. We have a team of innovators and experienced individuals who are working with the aim of creating the best ethash asic miner.