Flash Bounty: Miners

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    What is a miner in blockchain?

    Miner is an actor who participates in cryptocurrency transactions, and in turn, plays a crucial role both in creating new cryptocurrencies and in verifying transactions on the blockchain. It adds new blocks to the existing chain, and ensures that these additions are accurate.

    How to get ETH miner?

    How to mine Ethereum

    1. Step 1: Choose your mining approach. When mining ether, there are three different approaches miners can follow.
    2. Step 2: Create an Ethereum wallet.
    3. Step 3: Prepare your hardware and software.
    4. Step 4: Install Ethereum-mining software.
    5. Step 5: Choose a mining pool.
    6. Step 6: Collect your rewards.

    What miner is best for ETH?

    Here is the list of the best mining software for Ethereum: Go Ethereum Cudo Miner Ethermine EasyMiner Kryptex Phoenix Miner NBMiner GMiner

    What do ETH miners do?

    In today's PoW system, Ethereum miners compete to publish blocks by racing to solve cryptographic puzzles, much like in Bitcoin. In the upcoming PoS system, validators that stake (lock up) at least 32 ether (~$50,000) with the network are randomly selected to create blocks.

    How long does it take to mine 1 Ethereum?

    It takes around 7.5 days to mine Ethereum as of September 13, 2021, at the hash rate or hashing power of 500 mh/s with an NVIDIA GTX 3090 that hashes at around 500MH/s.

    Can I mine Ethereum for free?

    Ethereum cloud mining can either be free or paid. You hire the mining devices at a certain cost that can be billed once, monthly, or yearly in the paid plan. On the other hand, you don't have to pay any money to access the mining services in a free plan.

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    Now let's go to the charts

    The chart below shows the average, minimum and maximum block transactions in Solana, Arbitrum, optimism, polygon and ethereum networks

    ##BLOCKCHAINAverage number of transactions per blockminimum number of transactions in the blockMaximum number of transactions in blockAverage distance between blocksMinimum distance between blocksMaximum distance between blocks
    1ethereum109.9858780143114.478494113013
    2arbitrum1.33396106690.81393104384
    3optimism1111.2497710161452
    4solana1815.568154075970.665038016033
    5polygon74.029796014226.84968220326

    Average, minimum and maximum distance between blocks

    Average, minimum and maximum of transactions in a block and Average, minimum and maximum time interval between blocks

    The line chart below is a combination of the two charts above

    The chart left shows the number of miners per day and their average, minimum and maximum transactions

    According to the chart in August 2021, the maximum transactions have increased a lot

    Daily number of miners according to the number of transactions

    The chart below clearly shows why the number of miners has decreased, but the volume of transactions has increased

    The number of miners has decreased by a quarter compared to 2015

    Average, minimum and maximum of transactions per blocks

    ##NETWORKAVG_TXMIN_TXMAX_TX
    1ethereum122.93128211431

    ** Top 10 Miners **

    Here I have tried to show the top 10 miners

    Top 10 miners with the highest number of transactions

    MINERNUM_TX_COUNT
    0xea674fdde714fd979de3edf0f56aa9716b898ec83165999
    0x5a0b54d5dc17e0aadc383d2db43b0a0d3e029c4c2004337
    0x829bd824b016326a401d083b33d092293333a8301547708
    0x52bc44d5378309ee2abf1539bf71de1b7d7be3b51142701
    0x2a65aca4d5fc5b5c859090a6c34d164135398226612217
    0xb2930b35844a230f00e51431acae96fe543a0347462883
    0x1ad91ee08f21be3de0ba2ba6918e714da6b45836321839
    0x04668ec2f57cc15c381b461b9fedab5d451c8f7f275423
    0x61c808d82a3ac53231750dadc13c777b59310bd9240518
    0x4bb96091ee9d802ed039c4d1a5f6216f90f81b01235395
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    Top 10 miners with the highest GAS USED

    MINERSUM(GAS_USED)
    0xea674fdde714fd979de3edf0f56aa9716b898ec830623386299726
    0x5a0b54d5dc17e0aadc383d2db43b0a0d3e029c4c19450575665720
    0x829bd824b016326a401d083b33d092293333a83014869718436734
    0x52bc44d5378309ee2abf1539bf71de1b7d7be3b57491278825179
    0x2a65aca4d5fc5b5c859090a6c34d1641353982261012201815654
    0xb2930b35844a230f00e51431acae96fe543a03473221405713101
    0x1ad91ee08f21be3de0ba2ba6918e714da6b458364299511924600
    0x04668ec2f57cc15c381b461b9fedab5d451c8f7f3114106527627
    0x61c808d82a3ac53231750dadc13c777b59310bd9122184191727
    0x4bb96091ee9d802ed039c4d1a5f6216f90f81b01363325885913

    Top 10 miners(Number of transactions by year)

    According to the chart on the right, Miner 2 has hit a record number of transactions in 2020 and has made more than 663 thousand transactions.

    WHEN MINER = '0x5a0b54d5dc17e0aadc383d2db43b0a0d3e029c4c' THEN 'TOW'

    Top 10 miners(gas used by year)

    According to the chart on the right, Miner 1 has hit the gas used record in 2021 and it was more than 8052914495707

    WHEN MINER = '0xea674fdde714fd979de3edf0f56aa9716b898ec8' THEN 'ONE'

    Top 10 miners(The percentage of the number of transactions compared to each other)

    Miner 1 has completed 31.6% of transactions.

    This means almost a third of the total

    WHEN MINER = '0xea674fdde714fd979de3edf0f56aa9716b898ec8' THEN 'ONE'

    Top 10 miners(The percentage of gas used compared to each other)

    Miner 1 has completed 36.2% of GAS USED.

    This means more than a third of the total

    WHEN MINER = '0xea674fdde714fd979de3edf0f56aa9716b898ec8' THEN 'ONE'

    Top 10 miners(Transaction volume density)

    The chart on the left shows Transaction volume density This chart is another form of Top 10 miners chart (Number of transactions by year) Is I have adapted this diagram for better illustration

    Top 10 miners(gas used density)

    The left chart shows gas used density This chart is another form of the Top 10 miners (gas used by year) chart. Is I have adapted this diagram for better illustration

    What did we learn?

    What is a miner in blockchain? How to get ETH miner? What miner is best for ETH? What do ETH miners do? How long does it take to mine 1 Ethereum? Can I mine Ethereum for free? Average, minimum and maximum block transactions in Solana, Arbitrum, optimism, polygon and ethereum networks Average, minimum and maximum distance between blocks in Solana, Arbitrum, optimism, polygon and ethereum networks Average, minimum and maximum of transactions in a block and Average, minimum and maximum time interval between blocks in Solana, Arbitrum, optimism, polygon and ethereum networks Number of miners per day and their average, minimum and maximum transactions Daily number of miners according to the number of transactions Average, minimum and maximum of transactions per blocks Top 10 miners with the highest number of transactions Top 10 miners with the highest GAS USED Top 10 miners(Number of transactions by year) Top 10 miners(gas used by year) Top 10 miners(The percentage of the number of transactions compared to each other) Top 10 miners(The percentage of gas used compared to each other) Top 10 miners(Transaction volume density) Top 10 miners(gas used density)

    I hope this information has been useful for you :grinning:

    THANK YOU FLIPSIDE TEAM END

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