Question: Is the mining process of Ethereum same as the Bitcoin's?
Yes, just like Bitcoin’s mining, Miners of Ether will be rewarded the tokens for helping the blockchain running.
It is called “Mining”, but it isn’t really like mining Golds, but it’s a reward system for users who:
- Secure the community
- Process transactions
- Connect all users from all over the world
The miners of Ether, will need to use their computational power to “Mine”.
Rewards of “Mining” is guaranteed to be random and they are given in proportion to the computational power of each machine.
