What is the algorithm of Ethereum mining?
Ethereum is a blockchain technology that can be used to create distributed applications (DApps). The process of mining Ethereum involves adding new blocks by solving mathematical problems through calculation, which is considered as a "proof of work" algorithm to maintain the security and integrity of blockchain. This algorithm is called "Ethash", and the first edition of Ethereum was published on 20 15.
Ethash algorithm is a hash function algorithm, which generates irregular and fixed difficulty problems based on Hashrate and calculating StateRoot. The uniqueness of this algorithm is that it needs a lot of memory, which is not conducive to the realization of ASIC (application specific integrated circuit) mining, and prevents individuals and a few miners from gaining higher competitiveness, thus increasing the decentralized network security.
There are also some special requirements for the hardware needed to excavate Ethereum. In addition to GPU (graphics processor) can significantly improve performance, the amount of memory also needs to be large enough to accommodate the data blocks used in the mining process. In addition, Ethereum needs a high-speed Internet connection.
When mining Ethereum, the digger must find a "nonce" (used to calculate any number of hash functions) to make the hash value of the block header meet the difficulty requirements of the network. This difficulty is dynamic and depends on the overall computing power of miners and the number of nodes on the network. Therefore, mining Ethereum requires a lot of computing power and power, as well as a fast Internet connection, in order to synchronize with the network.
To sum up, Ethereum's mining algorithm Ethash is a hash function algorithm, which requires a lot of memory to prevent ASIC mining, thus increasing the decentralized network security. Mining Ethereum requires a lot of computing power, memory and network connection.