Flash Bounty: Miners
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
- Step 1: Choose your mining approach. When mining ether, there are three different approaches miners can follow.
- Step 2: Create an Ethereum wallet.
- Step 3: Prepare your hardware and software.
- Step 4: Install Ethereum-mining software.
- Step 5: Choose a mining pool.
- 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.
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
## | BLOCKCHAIN | Average number of transactions per block | minimum number of transactions in the block | Maximum number of transactions in block | Average distance between blocks | Minimum distance between blocks | Maximum distance between blocks |
---|---|---|---|---|---|---|---|
1 | ethereum | 109.985878 | 0 | 1431 | 14.478494 | 1 | 13013 |
2 | arbitrum | 1.333961 | 0 | 669 | 0.813931 | 0 | 4384 |
3 | optimism | 1 | 1 | 1 | 1.249771 | 0 | 161452 |
4 | solana | 1815.568154 | 0 | 7597 | 0.665038 | 0 | 16033 |
5 | polygon | 74.029796 | 0 | 1422 | 6.84968 | 2 | 20326 |
Here I have tried to show the top 10 miners
Top 10 miners with the highest number of transactions
MINER | NUM_TX_COUNT |
---|---|
0xea674fdde714fd979de3edf0f56aa9716b898ec8 | 3165999 |
0x5a0b54d5dc17e0aadc383d2db43b0a0d3e029c4c | 2004337 |
0x829bd824b016326a401d083b33d092293333a830 | 1547708 |
0x52bc44d5378309ee2abf1539bf71de1b7d7be3b5 | 1142701 |
0x2a65aca4d5fc5b5c859090a6c34d164135398226 | 612217 |
0xb2930b35844a230f00e51431acae96fe543a0347 | 462883 |
0x1ad91ee08f21be3de0ba2ba6918e714da6b45836 | 321839 |
0x04668ec2f57cc15c381b461b9fedab5d451c8f7f | 275423 |
0x61c808d82a3ac53231750dadc13c777b59310bd9 | 240518 |
0x4bb96091ee9d802ed039c4d1a5f6216f90f81b01 | 235395 |
Top 10 miners with the highest GAS USED
MINER | SUM(GAS_USED) |
---|---|
0xea674fdde714fd979de3edf0f56aa9716b898ec8 | 30623386299726 |
0x5a0b54d5dc17e0aadc383d2db43b0a0d3e029c4c | 19450575665720 |
0x829bd824b016326a401d083b33d092293333a830 | 14869718436734 |
0x52bc44d5378309ee2abf1539bf71de1b7d7be3b5 | 7491278825179 |
0x2a65aca4d5fc5b5c859090a6c34d164135398226 | 1012201815654 |
0xb2930b35844a230f00e51431acae96fe543a0347 | 3221405713101 |
0x1ad91ee08f21be3de0ba2ba6918e714da6b45836 | 4299511924600 |
0x04668ec2f57cc15c381b461b9fedab5d451c8f7f | 3114106527627 |
0x61c808d82a3ac53231750dadc13c777b59310bd9 | 122184191727 |
0x4bb96091ee9d802ed039c4d1a5f6216f90f81b01 | 363325885913 |
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(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