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RE: My Crypto Portfolio, Coin #2: Ethereum (ETH)

in #cryptocurrency7 years ago

Ethereum has so many technologies relying on it, that it is hard to imagine a scenario where it does not do well this year. It is also interesting to note that this year, they plan to move from a Proof-of-Work model(mining) to a Proof-of-Stake model(dividends for ownership). This should reduce its footprint as far as wasted electricity. People seem on the fence about this change.

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What does the change from POW to POS mean for the miners, does that mean they no longer get ether for mining?

I am fairly certain it means that they are killing off mining.

Hmm. So what do ex-miners get for continuing to provide computing power?