What the Merge Means for Ethereum Miners

Quick Summary

There is speculation about moving to Ethereum Classic once proof-of-work is gone from the main chain, but mining pools remain split on where they will turn in a post-Merge world.

Hive Blockchain (HIVE), the first publicly traded miner, also shared with CoinDesk its challenges with Ethereum in a post-Merge era.

Although Vera said he believes Ethereum is best served on PoW, if the transition to PoS is successful, his company “will be happy for the ecosystem and still supportive personally and as a company.” He added that “we are highly interested in Ethereum intellectually as a project and all the interesting applications built on it.

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Article Details & Transparency

Author / Journalist: Margaux Nijkerk

Category: Technology Crypto

Topics: Ethereum Mining

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: coindesk.com

Readership Location: United States

Published Date: 2022-08-05, 18:28:25

News Timezone: GMT -5:00

Language: English

Original Article Length: 1223 words

Reading Duration: 7 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1449616

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About Publisher

Name: CoinDesk

Main Topics: TechnologyCrypto

Official Website: coindesk.com

Update Frequency: 24 posts per day

Last Update: 9h ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

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Publisher ID: #62

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