What is gas miner (concept of miner)

What is a gas miner and what is a gas miner? What is gas miner? This article will introduce a method to solve these problems

First, the gas cost of running a node on Ethereum is fixed and constant (unchanged). Due to the high transaction costs on the blockchain, anyone in the network can create a block and broadcast it to other users. This resulted in the transfer fees of everyone in Ethereum network being too expensive and could not be paid. If it were not for the influence of this factor, the network would be disrupted Secondly, in order to ensure network security and allow verifiers to update at any time, it is necessary to set a Gas upper limit: when this limit is set low enough, it will increase block rewards. In addition, it is necessary to calculate the minimum gas limit required to ensure that the network can handle up to 10 million transactions Finally, deploy a new execution environment in the smart contract, where all operations are executed offline. For example, if someone wants to call a contract to change certain parameters/conditions, they must consume at least 32ETH as collateral to use the contract In summary, we know that if the system is to accept this requirement, some resources are needed to achieve such an upgrade. However, if you are willing to bear this pressure, you need to provide sufficient cyberspace to make the entire process more efficient, secure, and decentralized. For most developers, they just want to migrate all the code to another version or directly import it from the main network to the second tier solution. So, gas pricing is a major challenge

At present, the price of Ethereum gas we use is only about 10gwei, while the current price of Ethereum gas is about $2

Now, the gas price has reached more than 50GWei, because the gas cost of Ethereum is more than twice that of Ethereum before – and as Ethereum 2.0 gets closer, the demand for gas will increase accordingly. (Note: On May 14, Vitalik Buterin, the co-founder of Ethereum, tweeted that the Ethereum ecosystem is accelerating its transition to PoS, hoping to find more options.)

The concept of miners

According to the Cointelgraph, the bitcoin community has a great dispute over the concept of miners. Mining is a very complex task, but for ordinary users, it is more like a tool. If there is a good mine in the Cryptocurrency market (concentration of computing power, of course), then Bitcoin will become a very useful thing Therefore, mining companies usually adjust their profits based on their business and allocate them to types such as miners or pool operators. And when you consider the profitability of such companies, they may do better.