The long-awaited Ethereum merger has finally happened and has had an impact on the industry. The price of the cryptocurrency has not changed very noticeably – about 1% for Ether and about 2% for Ethereum Classic. But in other areas the impact was more significant.
So, the largest Ethereum mining pool – Ethermine – on the eve of the merger announced the closure of servers for miners after the blockchain completes the merger. This is due to the fact that due to the change of concept to Proof of Stake, it is no longer possible to mine using video cards or ASICs.
A few days after the merger, Ethermine will initiate an automatic payout to its miners of any outstanding balances. In August, the company also launched an Ethereum staking pool where Ether holders can deposit their coins and earn income.
According to rough estimates, after the completion of the Ethereum merger, about 1 million miners who own total equipment worth more than $10 billion will be “unemployed”. mining.
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Source: coindesk , bloomberg
