Ethereum Dev Says The Merge Could Be Delayed a Few Months, ‘Strongly Suggests’ Not Investing in ETH Mining Rigs

According to Ethereum developer Tim Beiko, The Merge is prone to be pushed to the third quarter of 2022. Despite the delay, Beiko additionally mentioned he “strongly suggests not investing extra in mining gear at this level.”

The Merge May be Delayed, Ethereum Hashrate Taps New ATH

Four days in the past, Bitcoin.com News reported on ethereum miners hashing away on the blockchain at nice speeds simply earlier than The Merge occurs. The Merge is the title of Ethereum’s upcoming transition from proof-of-work (PoW) to a full proof-of-stake (PoS) system. On April 7, 2022, Ethereum’s hashrate tapped an all-time excessive (ATH) at 1.131 petahash per second (PH/s).

Today, Ethereum’s hashrate reached one other ATH at 1.148 PH/s, in keeping with metrics stemming from the three-month chart hosted on coinwarz.com. The day prior, in a Twitter thread, Ethereum developer Tim Beiko revealed a core developers update.

Tim Beiko: ‘We’re Definitely within the Final Chapter of PoW on Ethereum’

In the Twitter thread, Beiko was questioned by a person about Ethereum miners who’ve been securing the community. The particular person requested the Ethereum developer if miners can be “overlooked to dry.”

Beiko responded to the particular person and defined that he wouldn’t spend money on any mining gadgets going ahead. “I’d strongly counsel not investing extra in mining gear at this level,” the Ethereum developer tweeted. Then the person requested if builders deliberate the “plug pull” for June or if the ether mining group has extra time. Beiko additionally replied to that query as nicely and mentioned:

It received’t be June, however possible within the few months after. No agency date but, however we’re undoubtedly within the closing chapter of PoW on Ethereum.

The statements indicate that ether miners may have some extra time till The Merge’s “plug pull.” Ethash miners (Ethereum’s mining consensus algorithm) are a number of the most worthwhile cryptocurrency miners right now. At the time of writing, the Innosilicon A11 Pro ETH miner (1,500 MH/s) can rating $54.30 per day in ether income with $0.12 per kilowatt-hour electrical prices and right now’s ether trade charges.

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