Ethereum is a public, open-source, decentralized platform that runs smart contracts on a blockchain. Ethereum is powered by the Ethereum Virtual Machine (EVM), which can execute code of arbitrary complexity.
In order to run applications on Ethereum, you need Ether – the native currency of the Ethereum blockchain. You can mine Ether with your computer’s GPU using mining software like Claymore’s Dual Ethereum GPU Miner.
Mining is a process of verifying and adding transaction records to the Ethereum public blockchain. Miners are rewarded with Ether for each block they successfully mine.
The Ethereum network is designed to be resistant to ASIC mining, so it is still possible to mine Ether with a consumer-grade GPU like the NVIDIA RTX 3090. However, as more people start mining, the difficulty of mining will increase and it will become less profitable.
If you’re interested in mining Ethereum, you should do some research to find out if it’s right for you. There are many factors to consider, including the upfront cost of hardware and electricity, as well as the opportunity cost of your time spent mining.