2
Some answers
Yes, miners mine Ropsten in order to provide a public good, not for profit. Would this disappear if there were to be an app with enough traction to clog Ropsten? Most likely. Ropsten has been plenty clogged before, not due to a popular dApp, but because of spam or 51% attacks. We did not see mining fall off during the attacks, nor did we see it ...
1
Ethereum 1.0 has a basic limitation, as all global blockchains do: each block can only hold so many transactions. Due to this scarcity, every time even one application gets too popular on the main network, gas prices for transactions shoot up
Yes, Ethereum 2.0 aims to solve this problem by bringing more scalability through the use of side chains (shards). ...
1
You can mine Ethereum using geth
Install geth on your pc then create an account using "geth account new" , then simply just run geth with --mine option then it will start mining the ether and all the earned ether will be sent to the account generated
Note:- As the ether mainnet is using POW you require a very powerful pc high best graphic card
1
In a proof of work chain it is not possible to guarantee a miner will mine at least one block per day since finding a block is close a random event.
Assuming that N participants are in similar conditions the probability of finding one block at any time is 1/N (and the probability of not finding one is 1 - 1/N).
If in one day there k blocks then the ...
1
Miners agree to use their computational resources to run the blockchain. In return, they get a chance to earn some Ether in doing this. Any time a transaction is mined, the miners compete to "win" this transaction.
In your scenario, all the miners have the same computing power, so unless the difficulty function increases for succeeding transactions,...
1
Miners don't get any rewards for verifying candidate blocks. However they allow to add a new block to the chain, and therefore gain the opportunity to mine the next block and get its reward.
Only top voted, non community-wiki answers of a minimum length are eligible
