What the Merge Means for Ethereum Miners

What the Merge Means for Ethereum Miners

From coindesk.com

Where will Ethereum’s miners go when you can’t mine on Ethereum any more? That’s the $19 billion question. If all goes according to plan, the so-called Merge will take place in late September, completing Ethereum’s transition from the proof-of-work (PoW) consensus mechanism to a Beacon proof-of-stake (PoS) blockchain. This long-awaited event will force the network's mining industry, which research firm Messari estimates is worth $19 billion, to find other ways to make money. Pioneered by Bitcoin, mining is the process of verifying transactions and racing to solve complicated math problems for the right to ... (full story)

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