Ethereum’s transition to a proof-of-stake consensus mechanism, thousands of Ether miners found themselves without a token to mine. Ethereum’s cryptocurrency community of over 260 thousand wallets is now forced to either jump ship to other tokens – or completely abandon cryptocurrency mining altogether. The transition also impacts the GPU market. Proof-of-Stake disincentives the widespread sales […]
Tag: ETH
September 17, 2022
September 16, 2022
Ethereum Completes Merge Successfully
The successful switch of Ethereum’s network from a Proof-of-Work to a Proof-of-Stake consensus mechanism took place over the course of the last week. The event was regarded by many as one of the most important technological advancements in cryptocurrency’s history. According to the Ethereum Foundation, the Paris upgrade, the last phase of the Ethereum merge, […]
September 15, 2022
What does Ethereum’s Merge Mean For the Environment?
Ethereum’s merge into a proof-of-stake consensus mechanism is easily one of the most anticipated events in cryptocurrency’s history. After the transition is complete, Ethereum will completely abandon proof-of-stake – which means that the second largest cryptocurrency by market capitalization in the world will forego the need for mining in order in order to run the […]
