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Ethereum “Merge” Pulls the Plug Off GPU Miners

Ethereum “Merge” pulls the plug off GPU miners Upon recent events, the Ethereum Merge has left lasting repercussions on GPU miners in the Ethereum mining industry. When considering cryptocurrency mining, Ethereum was a popular avenue to explore, rivaling Bitcoin for years. BTC

However, this scenario has changed since the Merge, in which the second most popular blockchain, next to Bitcoin, transferred from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus mechanism. This has deprived many miners of their income on the main Ethereum network.

Considering this radical switch, many Ethereum GPU miners have had to consider new avenues for revenue generation, such as looking for the next best mineable crypto. ETH web3

The Merge’s implications on both ETH mining and BTC mining are two important concepts to explore for each established and/or soon-to-be miner.

What is the Merge and why is it important?

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Asic Jungle - Ethereum “Merge” pulls the plug off GPU miners | Asic Magazine
This post is based on this twitter thread.

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