According to Ethereum developer Tim Beiko, The Merge is likely to be pushed to the third quarter of 2022. Despite the delay, Beiko also said he “strongly suggests not investing more in mining equipment at this point.”
The Merge May Be Delayed, Ethereum Hashrate Taps a New ATH
Four days ago, Bitcoin.com News reported on ethereum miners hashing away at the blockchain at great speeds just before The Merge happens. The Merge refers to Ethereum’s transition from proof of work (PoW), to a fully proof-of stake (PoS) system. On April 7, 2022, Ethereum’s hashrate tapped an all-time high (ATH) at 1. 131 petahash per second (PH/s).
Today, Ethereum’s hashrate hit another ATH at 1. 148 PH/s, according to metrics stemming from the three-month chart hosted on coinwarz.com. The day prior, in a Twitter thread, Ethereum developer Tim Beiko published a core developers update.
Tim Beiko: ‘We’re Definitely in the Final Chapter of PoW on Ethereum’
In a Twitter thread, Beiko was asked by an individual if Ethereum miners have been responsible for securing the network. An individual asked Beiko if Ethereum developers would be “left out of the water .”
Beiko replied to the person, explaining that he wouldn’t invest in any new mining equipment. “I would strongly suggest not investing more in mining equipment at this point,” the Ethereum developer tweeted. The individual then asked Beiko if developers had planned for the “plug pull”, or if the ether miners have more time. Beiko replied to the question with
It won’t be June, but likely in the few months after. We are certain that we are in the last chapter of PoW on Ethereum.
These statements suggest that ether miners have more time before The Merge’s “plug Pull.” The statements indicate that ether miners will still have some time until the Merge’s “plug Pull.” The Innosilicon A Pro At the time of writing, the Innosilicon A11 Pro ETH miner (1,500 MH/s) can score $54. 30 per day in ether profits with $0. 12 per kilowatt-hour electrical costs and today’s ether exchange rates.
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$54. 30 per day, ETH, Ethash, Ethash miners, ether, ether mining community, Ether transition, Ethereum (ETH), ethereum developer, Ethereum miners, Ethereum The Merge, final chapter, Hashrate, Innosilicon A11 Pro, Mining Eth, PoW on Ethereum, Proof of Stake (PoS), Proof-of-Work (PoW), The Merge, Tim Beiko
What do you think about the comments from Ethereum developer Tim Beiko concerning delaying The Merge?
2022What do you think of the comments from Tim Beiko regarding delaying The Merge?
Jamie Redman
Jamie Redman, a journalist and financial tech expert living in Florida, is the News Lead at Bitcoin.com News. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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