Miners

    This dashboard is a broad study done for the analysis of the Miners in the Ethereum network with addressing the Users, the mining transactions as well as the blocks by looking into the transaction count.

    INTRODUCTION

    Making a block of transactions to be added to the Ethereum blockchain is the process known as mining.

    The term "mine" comes from the parallel of gold to digital money. Both digital tokens and gold or other precious metals are rare, and the only method to raise the overall volume is by mining. This is reasonable given that mining is the only method of issuance after launch for Ethereum as well. In contrast to these examples, mining also contributes to network security by producing, confirming, disseminating, and publishing new blocks to the blockchain.

    Mining Ethereum = Network Security

    Technically, anybody may use their computer to mine on the Ethereum network. But not everybody can mine ether (ETH) for a profit. Most of the time, in order to mine economically, miners must invest in specialized computer gear. Although anybody with a computer may run the mining program, it is improbable that the typical PC would generate enough block rewards to pay the accompanying mining expenses.

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    METHODOLOGY

    To address the miners in the Ethereum network, distinct methodologies are introduced where initially the total mining transactions and the blocks are calculated including the average and the median of the mining transactions in the Ethereum network. Also, the Mining transactions are segregated with the constraint of the average transactions by choosing the parameter such as the users who made the transactions with the count less than or greater than the average. Then the timely analysis of the blocks with different groups according to the transactions is also accounted for. The distinct count of the transactions within the group is charted too. Furthermore, the trend of the users who are involved in mining in the Ethereum network is also charted. Also, the top 100 miners with the count of the blocks mined are charted and the transactions accounted for with aggregation of the distinct sectors of the transactions are retrieved here along with the miners and the count of the blocks with different tags. As a final section, the top 10 miners were foreseen. Now the gas price is also accounted for in the mining transactions. To end up with, the average gas limit and the difficulty is also accounted for here.

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    The pie diagrams were representations of the average count on transactions, the maximum mining transactions, and the median of the total transactions that were performed for mining in the Ethereum network.

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    This chart is a breakdown that displays the transactions that were done for mining with the constraint of average transactions which answers two goals to see if users prefer to mine with more number of transactions or less.

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    The bar graph represents the mining Blocks that were used for mining with the time and the transactions and it is seen that in the recent days the users prefer to mine with more number of transactions and more blocks to increase the probability.

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    The mining that was done with different count of the transactions is charted here.

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    The area plot here is a representation of the mining users over time and it is seen that the trend is decreasing over time probably because of the less probability of gaining tokens due to more number of miners and the complexity of the blockchains that have increased in due tie.

    The diagram here shows the top 100 users with the mined blocks and the average transactions that were done for each block!!!.

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    The diagram here is a representation of the miners and the count of the blocks mined with different transactions group and it is represented in logarithmic scale for better viewing.

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    Here displays the top 10 miners.

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    The transactions fee that were collected for each mining transactions are charted along with the average of the transaction fee obtained by the network. These additional data provides an insight about the mining transactions that were done on high as well as low transactions fee.

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    The trend here shows the Gas rate for transactions with the different difficulty color scale.


    The chart here is a crucial distribution that shows the limit with the difficulty over different transactions count.