On March 15th, the official blog of the Ethereum Foundation announced that the Ethereum merged public test network Kiln has been launched, and the current network is in the PoW stage. The PoS be merged and upgraded on March 17th.
Like the Ethereum mainnet, Kiln’s execution layer is launched under proof-of-work in parallel with the beacon chain running proof-of-stake. Kiln will fully transition to proof-of-stake early this week. At the same time, the community’s progress log mentioned that this merger of testnet Kiln will be the last merged test before the upgrade of the existing public testnet. The previously merged testnet Kintsugi will be deprecated in the coming weeks.
Earlier on March 10, parithosh, a member of the Ethereum Foundation, announced on his social networking site that the Ethereum merged public test network Kiln has been launched, of which the PoW phase will last for a week, and the Beacon chain was launched at 10 am EST on Friday.
It also means that the highly anticipated “The Merge” on the Ethereum network is one step closer to becoming a reality after the launch of the final public testnet Kiln.
As Ethereum 2.0 approaches, the transition of the Ethereum mainnet from PoW to PoS will be an important milestone in the development of the blockchain network. The next phase of Ethereum will make the security of the blockchain depend on staked tokens rather than expensive, power-hungry mining hardware.
But it should be noted that no matter when, mining is always the main source of income for miners. Mining is actually equivalent to buying discounted coins. Its advantage is that it lowers the threshold and allows more investors to participate. The person who can create the myth of wealth in the currency circle is not the person who speculates the currency, but the person who collects the currency. Many people also believe that no matter how it develops, the environment of the “big ecology” of Ethereum will get better and better.
So how should miners participate in mining now? Some experts in the field of cryptocurrency pointed out that it is not recommended for everyone to speculate on coins, and Ethereum Classic (ETC) is currently the best choice for mining.
According to reports, a Twitter user once asked, “Where will all the hashing power go when Ethereum goes to PoS?”, Ethereum developer Virgil Griffith replied that when ETH goes to PoS, ETC will become the largest PoW Ethereum mining chain.
From the perspective of income and market analysis, although it is different from Bitcoin and Litecoin’s block reward halving every four years, from the historical data, a similar “halving market” also occurred during the production reduction of ETC. If the development of the “halving market” is followed, the price of ETC will go out of the upward trend; at the same time, under the background of the start of the difficulty bomb and the sharp decline of ETH mining revenue, the ETC mining chain will have the possibility to undertake some ETH hash rate. With the growth of hash rate and price, the investment value prospect of Ethereum Classic has also been paid more and more attention.
Also, compared to Ethereum mining, the network difficulty of Ethereum Classic is much lower than that of ETH, and ETC is considered a relatively easy cryptocurrency to mine. Miners need an Ethereum Classic wallet address to receive rewards and mining revenue, and having a faster, more efficient ASIC mining rag will make it easier to get block rewards. And the ETC dug out will be hoarded and sold in the future profit stage will also get a greater return.
Looking at the current ETC mining rig market, the two professional ASIC mining rigs in the Ethereum field, X4 High-throughput 1U server and X4 High-throughput 1U-C server released by JASMINER, with the advantages of high hash rate, low power consumption, strong stability and high cost performance, it further consolidates the market leader of JASMINER mining rig.
According to official data, the hash rate of JASMINER X4 High-throughput 1U server is as high as 520MH/s±10%, and the power consumption performance is only 240W±10%; while the hash rate of JASMINERX4 High-throughput 1U-C server is 450MH/S±10%, And the power consumption is only 240W±10%. The difference between the two flagship products is that 1U-C mainly supports the ETCHASH algorithm and is the king of the price/performance ratio for mining ETC, while 1U supports not only the ETCHASH algorithm, but also the ETHASH algorithm, building double insurance for mining ETC and ETH, and providing super powerful hash rate level. While achieving strong mining performance, the power consumption performance of the two products is almost perfect, ending the previous expensive and power-consuming mining state, and providing the best solution for miners to achieve energy conservation, environmental protection, and reduce mining costs.
Value investment is the product of being friends with time. Every cryptocurrency wants to be an asset with long-term consensus and one of the best assets in the professional market. For individual investors, there is no need to imagine getting rich overnight in any field. In cryptocurrency investment, mining is still the last word, because the basic power of encrypted assets is always miners. The crypto mining circle in 2022 will also urgently need “high hash rate, low power consumption” mining rig products like JASMINER X4 High-throughput 1U server and 1U-C server, and expects to make positive contributions to a more sustainable and environmentally friendly Ethereum era.
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