Hi there.
I have a couple of questions that i wasn't able to answer looking around. I'm pretty new to ethereum, i'm studying fundamentals and i was interested in setting up a node. Does that have any benefit? Is that a way to *mine* (i know eth is PoW right now) eth?
Also, can someone explain the inflation rate? I read around that was dependent on the number of btc from the ipo, but i didn't really understand what is the actual inflation rate.
Thanks to whoever is gonna answer my questions
I have a couple of questions that i wasn't able to answer looking around. I'm pretty new to ethereum, i'm studying fundamentals and i was interested in setting up a node. Does that have any benefit? Is that a way to *mine* (i know eth is PoW right now) eth?
Also, can someone explain the inflation rate? I read around that was dependent on the number of btc from the ipo, but i didn't really understand what is the actual inflation rate.
Thanks to whoever is gonna answer my questions
Well one thing for sure is that you don't mine ETH with just a node but instead, you will be contributing to the Ethereum network just like you would do with other crypto currencies. ETH can be mined with GPUs (graphics cards) and the better the GPU, the more ETH you will get. It all depends on the hashrate you would get for that specific CPU. For instance, I would recommend AMD Radeon R9 GPUs, as they are usually best for this task.
About the inflation rate, maybe this would help: https://www.reddit.com/r/ethereum/comments/3hz1ou/misinformation_about_eth_supply_and_inflation_rate/