INTRODUCTION

Mining is the process of creating a block of transactions to be added to the Ethereum blockchain.

The word "mine" derives from the comparison of digital currency to gold. Gold and other precious metals, as well as digital tokens, are both rare, and mine is the only way to increase the overall volume. This makes sense given that Ethereum's only method of issuance following launch is mining. By creating, verifying, distributing, and publishing new blocks to the blockchain, mining, in contrast to previous examples, also adds to network security.

Ethereum mining = network security

The Ethereum network may technically be mined on by anybody using a computer. But not everyone can earn money mining ether (ETH). Miners frequently need to make investments in specialist computer equipment in order to mine profitably. It is unlikely that a regular PC would produce enough block rewards to cover the associated mining costs, even if anybody with a computer may run the mining application.

METHODOLOGY

Initially, the count of the total miners and the mining transactions over time is charted and the recent dates show the performance of the users which is helpful to see if the miners are active in recent times. The efficiency of the mining in the network is accounted for by the blocks that are mined by the users and so the blocks that were mined by the users in the past two years as well as in the past 6 months are also charted. Now the miners moving in the past 6 months are charted along with the average of the miners to see if the trend is almost the same up to date. The mining transactions that were done by the users are aggregated for each mining group and hence charted with the popularity by the users and also with the blocks mined. Also, the top miners in the network are also charted here. By keeping the constraint as the top miner, the weekly analysis of the mining by the user can be found by giving the user the parameter. Now the trend of the miners, the mining transactions as well as the mining done by each of the miners are also charted. Then the new mining users are accounted for over time along with the hourly trend of the users and the transactions.

The chart here shows the trend of the users over time who are a part of the mining transactions. It is seen that on the last day there was a large hike in the users than ever noticed in the mining history.

The transactions of the miners in the Ethereum network over time is displayed here and it is seen that the trend has been maintaining the same over time except with a few drops on a few days but it is also noted a hike in the transactions in the recent days.

The trend of the blocks that were mined by the users in the Ethereum network over the past two years is charted here and it also has the chart that displays the count of the blocks that were mined by the users in the past 6 months so as to see that the performance of the mines has been increasing since 6 month and also noted the hike on the last day.

The miners who were moving in the past 6 months are charted here along with the average and this chart also has the last day’s hike in the count of the users hiking.

The chart here shows the mining transactions that were done by the users along with the blocks mined and it is to show that the most users have done less than 50 mining transactions and also more users have mined less than 100 blocks over the whole time in the Ethereum network.

The top miners are charted for here and also with the blocks mined by the minor over time with the constraint which can be given by at the top and hence the blocks that are mined by the users are also charted for here.Thus upon giving the constraint as the users, the blocks mined by each users can be seen.

Finally, the trend of the miners over time is charted here along with the miners and the mines and the users.

Below given is the trend of the hourly analysis of the mining transactions and the total mining users.

The final chart here displays the trend of the New miners in the network over time and the hike in the new miners in the last week is also evident here.

More info on the mining can be seen at