In just one month, The Merge will likely be implemented on the Ethereum blockchain, forcing the network’s Proof of Work (PoW) miners to mine another coin. So far, the Ethereum miner has seen increasing profits, so it looks like he will stick with the PoW Ethereum chain until the end. Ethereum changes the consensus ruleset, but many crypto community members are still trying to speculate where hashrate will go after the merge transition.
Crypto community wants to know where Ethereum miners will go after merger — there are a myriad of different theories
On August 11, 2022, Ethereum developers informed the community during a livestream of the consensus layer call: merge intention likely to happen Around September 15th to 16th. The next day, Ethereum co-founder Vitalik Buterin confirmed that the merge would likely take place on September 15th.my buterin Said.
The question everyone has been asking since then is where the current Ethereum hashrate will go after the transition takes place. ethereum Hashrate will migrate to Ethereum Classic (etc), but that’s not everyone’s opinion.Besides Proposed ETHW fork expected to occur, but this ethereum Has Hashrate, and Crypto Coin Supporters Predict Their chain will be more secure.Also, I don’t know what the hashrate is Potential A proof-of-work Ethereum fork called ETHW will be obtained after The Merge.
One of the backers of the crypto project ravencoin (RVN) hopes the RVN network will get a boost. “If there was ever a time to own Ravencoin, it is now,” he said. Said“Thousands of Ethereum miners will migrate to Ravencoin when mining ends next month. [Ethereum]The next two years will be very important for RVN. ” However, so far, RVN and etc.
There was one significant hashrate drop ethereum Communication network experienced Statistics show that 1.23 petahashes per second (PH/s) or 1,230 terahashes (TH/s) were dedicated that day. ethereum chain. Data shows that around 230 TH/s left the network, but none of the blockchain-backed Ethashes have seen an accumulation of hashes of this magnitude.
Ethereum Miners See Greater Gains By Sticking To The Chain Until The End — JP Morgan Strategists Think Ethereum Miners Will Face A Shift, Ethereum Classic Could Gain I have
because the reason is the same very informative to me ethereum, compared to the alternative Ethash support chain for mining. According to the data, Bitmain’s Antminer E9 costs an estimated $60.55 per day and costs $0.12 per kilowatt hour (kWh). Bitmain’s machine is 2,400 megahashes per second (MH/s), and Innosilicon’s A11 Pro at 1,500 MH/s can get you an estimated $34.53 per day at an energy cost of $0.12 per kWh.Currently many Up ethereum mining pool Mining ETC Chain likewise.Part of ethereumtop minor of Donate hashrate to Ravencoinof 2.31 TH/s and Ergo’s 11.95 TH/s.
With such profits, and the new Antminer E9 released in the first week of July, miners mining Ether ethereum chain to the end.in the meantime ETH lost 230 TH/s4 July 2022, etc saw small spike Since then when 7.12 TH/s have been added to the network. JP Morgan’s recent weekly fund flow note, published Wednesday, explained that the merge transition could be volatile. ethereum with miners etc You can get rewarded. investment bank etc July saw a surge, and the weekly fund flow memo also highlighted alternative crypto assets that use Etherash, such as Ergo and Ravencoin.
What do you think about The Merge? How should miners have 32 days to choose when choosing Ethash to support blockchain? Let us know what you think about this in the comments section below. Please let me know.
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