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Ethereum split: ETH miners want ETH Pow token fork post Merge

From capital.com

The upcoming Ethereum hard fork, known as the merge, may prove popular with European legislators, miners are less keen at the switch away from a proof of work system (POW). ETH’s current POW means that miners are rewarded for every valid block and all the subsequent transaction fees (gas fees) that are generated from it. These rewards can be significant. One Indonesian retail ETH miner told Capital.com that he was earning $4000 a month during 2021 with just a five computer mining operation. {chart} “Mining crypto is much better than investing in it”, he told Capital.com. “It doesn’t matter if the price goes up or ... (full story)

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  • Category: Fundamental Analysis