What is Ethereum 2.0? Ethereum 2.0 is also called ETH2 or “Tranquility”, which is the next major upgrade of the Ethereum blockchain. Since the birth of Ethereum, the development team has formulated four development stages for it, namely Frontier, Homestead, Metropolis, and Serenity.
Relevant experts said that now is the golden opportunity for miners. After the upgrade of Ethereum to 2.0, it should not only be seen from the perspective of miners that the mining model will change from POW to POS, but also should be recognized that the reduction of transaction costs will bring about the further expansion of the Ethereum ecological scene. And the emergence of a destruction mechanism in Ethereum and the POS will occupy a large amount of circulation, all of which will push up the value of Ethereum in the future. Therefore, it is necessary for miners to realize how to obtain the maximum value during the transition from PoW to PoS and seize the golden opportunity in the transition process.
Since the beginning of this year, although Ethereum has been brewing the concept of upgrading to 2.0, the specific completion time and cycle, the official progress has not yet been clarified, causing some hesitating miners to abandon the layout of the Ethereum mining machine. As a result, the remaining mining machines will enjoy a significant increase in revenue after the decline in the computing power of the entire network. This period of time should also be part of the reason for the relatively stable computing power of Ethereum. The price of Ethereum continues to rise, and at the same time, the computing power is stable, the most direct impact on Pow miners is that the payback cycle is shortened and the daily rate of return is high.
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Official website: www.jasminer.com