The Merge was executed on September 15, 2022. This completed Ethereum’s transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by ~99.95%.
I don’t follow crypto trends so I hadn’t heard about this either.
I had to look up proof-of-stake, and for Ethereum apparently is required to stake 32 coins to operate a node. Another google search shows me a single Ethereum coin is just north of $2k USD. So someone mining Etherium today needs to have more than $64k if Etherium to even run a node now?!
buddascrayon@lemmy.world 2 weeks ago
That doesn’t mean that their effect on the GPU market will up and vanish overnight. Market correction doesn’t usually it go down as fast as it goes up.