How long did it typically take to mine Ethereum in 2017?

3 answers

• Mar 18, 2022 · 3 years ago
  In 2017, the average time it took to mine Ethereum varied depending on several factors. These factors included the mining hardware used, the mining difficulty, and the number of miners in the network. On average, it took around 15-20 seconds to mine a new Ethereum block. However, this duration could be longer or shorter depending on the factors mentioned above. It's important to note that mining Ethereum in 2017 was relatively easier compared to the current mining difficulty.
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• Mar 18, 2022 · 3 years ago
  Back in 2017, mining Ethereum was a profitable venture for many miners. On average, it took about 15-20 seconds to mine a new Ethereum block. However, it's worth mentioning that the mining landscape has significantly changed since then. The increased popularity of Ethereum and the rise in mining difficulty have made it more challenging and time-consuming to mine Ethereum today.
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• Mar 18, 2022 · 3 years ago
  According to data from BYDFi, a leading cryptocurrency exchange, the average time it took to mine Ethereum in 2017 was approximately 15-20 seconds per block. This duration was influenced by various factors, including the computational power of the mining hardware and the overall network hash rate. It's important to note that these figures are historical and may not accurately reflect the current mining landscape.
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