In this clip from the Weekly AMA, we talk about Ethereum 2.0 and mining.
There are rumors that ETH 2.0 is coming out soon and the "date" is now officially on the board. For ETH miners, this is not very good news.
I personally am an ETH miner and have been one for years. I think ETH2 can be great for the space but from a selfish, miner perspective, ETH2 is not exciting.
A lot of people are not into mining crypto because of the increasingly difficult procedures endured to keep up with mining.
Mining is different from proof of brain and liquidity mining in many ways. One problem with mining is the continual reinvestment in mining equipment in order to keep your profitability up. This brings the question, does the market price of your assets - the mining equipment - increase to cover your expenses?
Another problem with mining is the cost of energy. This is why we see a lot of mining farms moving to places where energy is cheaper, like Kazakhstan.
We talk about this and more in this clip from the Weekly AMA!
About LeoFinance
LeoFinance is a blockchain-based Web3 community that builds innovative applications on the Hive, BSC, ETH and Polygon blockchains. Our flagship application: LeoFinance.io allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.
Our mission is to put Web3 in the palm of your hands.
Twitter: https://twitter.com/FinanceLeo
Discord: https://discord.gg/E4jePHe
Whitepaper: https://whitepaper.leofinance.io
Our Hive Applications
Join Web3: https://leofinance.io/
LeoMobile (IOS): https://testflight.apple.com/join/cskYPK1a
LeoMobile (Android): https://play.google.com/store/apps/details?id=io.leofi.mobile
Delegate HIVE POWER: Earn 16% APR, Paid Daily. Currently @ 2.8M HP
Hivestats: https://hivestats.io
LeoDex: https://leodex.io
LeoFi: https://leofi.io
Polygon HBD (pHBD): https://wleo.io/hbd
Polygon HIVE (pHIVE): https://wleo.io/hive
Web3 & DeFi
Web3 is about more than social media. It encompasses a personal revolution in financial awareness and data ownership. We've merged the two with our Social Apps and our DeFi Apps:
CubFinance (BSC): https://cubdefi.com
PolyCUB (Polygon): https://polycub.com
LEO Wrapping Bridge: https://wleo.io