Ethereum mining is a process of using computer processors to verify transactions on the Ethereum blockchain. This provides security for the Ethereum network and rewards miners with Ether, the native cryptocurrency of Ethereum.
Mining rigs are specially designed computers that are purpose-built for mining Ethereum. In this article, we’ll take a look at how much an Ethereum mining rig makes.
Ethereum miners are rewarded based on their share of work done in verifying transactions. The more work they do, the more they earn.
The current reward for each block of transactions is 5 ETH. This means that if a miner controls 1% of the network’s hash power, they can expect to earn 5 ETH per block, or 2,500 ETH per day.
The actual amount of money that an Ethereum mining rig makes will depend on a number of factors, including the cost of electricity, the price of ETH, and the hash power of the rig. Based on current prices and difficulty levels, an Ethereum mining rig can be expected to make around $100-$200 per day.