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Ethereum mining is a process by which transactions on the Ethereum Network is verified in exchange for Ether (ETH) rewards. The Ethereum mining process is ASIC resistant, hence, only a series of GPUs can be used to combine the hardware for mining. Moreover, mining is a capital intensive business with a fixed variable cost of electricity. Furthermore, Ethereum will soon shift to PoS (Proof of Stake) technique where the instead of mining, forging will take place on the network.

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