When it comes to Ethereum, how much you get per block is a function of two things: the block reward and the block number. The block reward started at 5 ETH and is being reduced by .5 ETH every 5 million blocks.
As of right now, the block reward is 2 ETH. The block number is simply the number of blocks that have been mined since the genesis block. So, if we plug those numbers into our equation, we get:.
NOTE: WARNING: The amount of Ethereum you receive per block can vary and is dependent upon several factors, including the current Ethereum network difficulty, the size of the transaction fees paid by miners, and the type of mining hardware used. Therefore, before attempting to mine Ethereum, you should do your own research to ensure that you understand all of the applicable factors that could affect your mining rewards.
2 ETH * (5 million / 5) = 2 ETH
This means that, as of right now, you would get 2 ETH for every block that you mine. However, as the block reward decreases, your earnings will decrease as well.
8 Related Question Answers Found
It is no secret that Ethereum has become one of the most popular cryptocurrencies in the world. And, with its popularity, comes a lot of interest in mining Ethereum. So, how much Ethereum can you mine a day?
It’s no secret that Ethereum has been one of the hottest topics in the cryptocurrency world over the past year. The price of ETH has soared from around $8 in early 2017 to over $1,000 currently, and the network has seen explosive growth in terms of usage and adoption. With all this excitement, many people are wondering how they can get involved with Ethereum.
As of July 2020, the price of 1 Ethereum is around $230 USD. This is down from its all-time high of over $1,400 in January 2018, but still up from its initial release price of just $0.
31 in 2015. So, how much does 1 Ethereum cost now, and what factors are influencing its price?.
When it comes to cryptocurrency, there is no doubt that Ethereum is one of the most popular and well-known platforms available. In fact, Ethereum is the second largest cryptocurrency platform by market capitalization, only behind Bitcoin. Given its popularity and wide range of use cases, it’s no surprise that people are wondering what the maximum price Ethereum will reach.
Ethereum Cash is a new cryptocurrency that has been gaining popularity lately. It is similar to Ethereum in many ways, but it also has some unique features that make it different. One of the biggest differences is that Ethereum Cash is a fork of Ethereum, meaning that it is based on the same code but with some changes.
Ethereum, the world’s second-largest cryptocurrency by market value, has seen its price skyrocket in recent months. The digital currency hit an all-time high of $4,200 on May 11, 2021, according to data from CoinMarketCap.com. That’s up from just $130 at the start of 2017.
Ethereum uses a Proof of Work (PoW) consensus algorithm to validate transactions and produce new blocks on the blockchain. However, Ethereum is moving to a Proof of Stake (PoS) consensus algorithm. PoS is more energy efficient than PoW and is expected to lead to faster transaction times.
Ethereum is a public, open-source, decentralized platform that runs smart contracts on a blockchain. Ethereum is the second-largest cryptocurrency by market capitalization after Bitcoin. As of January 2021, Ethereum was trading at around $1,200.
