Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation.
The general rule is that the more computationally expensive an operation is, the more gas is required to complete it.
Can I Mine Ethereum With One GPU?
The answer to this question is a resounding yes! Anyone with a computer can start mining Ethereum. That being said, if you want to mine for profit, you will need to invest in a dedicated mining rig with multiple GPUs.
The reason you need multiple GPUs is because mining Ethereum is very computationally intensive. A single GPU simply won’t be able to mine enough Ether to make a profit.
However, by pooling your resources with other miners, you can still stand to make a pretty penny.
So, if you’re looking to get into the cryptocurrency mining game, Ethereum is a great option. And, with a little upfront investment, you can start reaping the rewards in no time!.