Ethereum still in the Proof-of-Work (PoW) consensus algorithm. As in the case of Bitcoin, there are also miners that find blocks and get a reward in the Form of ETH on it. In the case of the distribution of the Hashrate, it is important that no single party has more than 51% of the total Hashrate, otherwise there is a risk that transactions can be censored or even changed (e.g. Doublespend). Now the distribution of the Hashrate shows in the case of Ethereum, a significant concentration within just a few Mining Pools.What does this mean for Ethereum? No longer ETH adequately secured?
Ethereum Mining two Pools currently have the control
Currently, two Ethereum Mining Pools make up over 53% of the total Hashrate. The Hashrate is often used to assess the strength and security of the network. In addition, it plays a crucial role, such as the distribution of the Hashrate is. In the case of Ethereum, the concentration of the distribution has increased in recent years.The Hashrate of Ethereum has remained the same since 2019 is relatively constant. In contrast to Bitcoin, it has not risen to their peak in mid-2018 it, and has moved more or less on a Level. One of the reasons of the forthcoming consensus algorithm-change to Proof-of-Stake (PoS) is probably.The Ethereum Hashrate is stable but there is always less competition between the different ETH-Mining Pools. According to the latest Figures from ether scan two Mining Pools have about 53% of the total Hashrate. This is the Mining Pools, ether mine, and a Spark Pool.
Two Ethereum pools account for > 50% of the total hash rate. pic.twitter.com/ZqEPu8Ny0Q— ungrubles (@notgrubles) April 21, 2020
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Danger due to Mining Pools?
In the case of Bitcoin it’s not looking much better but, nevertheless, any concentration for a healthy distributed network is not an advantage. In the case of BTC, but it worked for some time on a Protocol to improve the decentralization in the field of mining. In the case of Bitcoin it is criticized that most of the Mining Pools are in China.In this article, you will find a current comparison of the various Bitcoin Miner. In addition, you can find all of the data to each of the miners and how long it would take to get to the Break-Even Point.The decreasing competition among the Ethereum miners is slightly worrying but in the long term, this should have no negative impact on Ethereum. As soon as the ETH will switch to PoS, to play the classic Miner no longer. This is not to say, however, that the distribution of Power in the network will look better afterwards. Theoretically, this could also lead to the opposite.There is no Motivation for the Ethereum to need Miner your Power failure. They would destroy their own income and would remain on the expensive Hardware to sit. Therefore, no risk of a successful 51% attack is currently in my eyes. In addition, Mining Pools are a combination of various individual miners. Thus, a large ETH Mining Pool has apparently a lot of Power in the network, but that can change at any time. Miner can decide mines under which Pool you.We are excited to see how the Ethereum Hashrate develop the distribution to the exchange on PoS and how the actual exchange will expire. We will keep you up to date.How do you see the development of Ethereum? Represents the concentration of the Hashrate of a danger?Come on in to our Telegram Chat and talk with the experts and the Community!
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