ETH mining progress
A quick recap on my small mining rig, which is currently mining ETH with the current upcoming bull run and the switch for Proof of Stake for ETH, I think it's very wise to stack up on some of it.
The current Cashout amount is .05 ETH and at my current mining hash power,
I need about 2 days to hit my min cash out. I am at the moment just mining with two RX 2700 XT which both do an average of 50 Mh/s This being Stock.
With 4 more cards, I can be hitting a bit over 300 Mh/s, again though with the increase of ETH being imminent
Current MH/s
Proof of Stake
Proof of stake (PoS) is a type of consensus algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In PoS-based cryptocurrencies, the creator of the next block is chosen via various combinations of random selection and wealth or age (i.e., the stake).
This is me staking as much as I can of ETH before it skyrockets. 🚀🚀 of course, all these are estimates and it can also take longer if more Hashing power is being directed to ETH.
Its already at an all time high since 2017!! 2020 Alt Bullrun?