This is current state of affairs. Quickly ETH has plans to transition to Proof of Stake. Once it switches Ethereum can’t be mined. It may well solely be obtained from exchanges similar to Binance, Coinbase or FTX. This stays a typical concern for every ETH miners as they solely have restricted time to earn the return on their investment.

Ethereum 2.0 is not a brand new thought within the Ethereum neighborhood. A shift in Ethereum PoW fork’s underlying consensus mechanism to handle the restrictions of a Proof of work blockchain has existed since the blockchain’s genesis. Ethereum 2.0 arrives on the heels of many deliberate upgrades to the Ethereum mainnet following the mainnet Frontier launch in July 2015, specifically:

This community offers bitcoin its appeal: decentralized, at all times on and easily tradeable. Nevertheless it also means the community is consistently utilizing energy – a sticking level for lots of the cryptocurrency’s skeptics and critics. And it’s not just a bitcoin problem. Other cryptocurrencies and blockchains together with Ethereum have related challenges.