Ethereum is known as one of the foremost crypto currencies of the world. Its market capitalization keeps on becoming second in the world of crypto currencies competing with LiteCoin and Z cash. Bitcoin is undoubtedly called the world's golden crypto currency. If we move the same analogy for other crypto currencies then there would be no doubt in the statement that Ethereum is the silver of the universe of crypto currencies.
Since its inception it is undergoing a great increment in the pricing. It was the year 2013 when Mr. Vitalik Buterin, who is a well-known crypto currency expert as well as the expert of crypto assets modified the underlying code of Bitcoin to suit the requirements of Ethereum to make it form the ‘gas’ mining contract verifier.
The evolution of Bitcoin as well as Ethereum has surpassed the public’s expectations when in the year 2017 December they were selling at the 10 times of their initial price; just a few months before. Even at the market correction which is currently undergoing in the crypto words; the price of Ethereum is never below $ 600. However just 8 months before; it was selling at the price of $ 100 which is almost 6 times increment within last 8 months.
The price of Ethereum like any other crypto currency goes up and down depending upon the demand and supply equilibrium. What this means is that whenever the demand of Ethereum would go high and the supply is short then the prices would move up. This also means if the demand is low and there is an abundant supply; then the prices shall fall. The increment in the supply of Ethereum crypto currency can be done in many ways.
One such way is the mining of Ethereum crypto currency. For the Ethereum mining one needs to have application specific integrated circuits as all other older methods of mining such as Central Processing Unit mining and Graphical Processing Unit mining have become obsolete and are too slow to perform mining operations.
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