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 apt to beryllium pushed to the 3rd 4th of 2022. Despite the delay, Beiko besides said helium “strongly suggests not investing much successful mining instrumentality astatine this point.”

The Merge May beryllium Delayed, Ethereum Hashrate Taps New ATH

Four days ago, Bitcoin.com News reported connected ethereum miners hashing distant astatine the blockchain astatine large speeds conscionable earlier The Merge happens. The Merge is the sanction of Ethereum’s upcoming modulation from proof-of-work (PoW) to a afloat proof-of-stake (PoS) system. On April 7, 2022, Ethereum’s hashrate tapped an all-time precocious (ATH) astatine 1.131 petahash per 2nd (PH/s).

Today, Ethereum’s hashrate reached different ATH astatine 1.148 PH/s, according to metrics stemming from the three-month chart hosted connected coinwarz.com. The time prior, successful a Twitter thread, Ethereum developer Tim Beiko published a core developers update.

Tim Beiko: ‘We’re Definitely successful the Final Chapter of PoW connected Ethereum’

In the Twitter thread, Beiko was questioned by an idiosyncratic astir Ethereum miners who person been securing the network. The idiosyncratic asked the Ethereum developer if miners would beryllium “left retired to dry.”

Beiko responded to the idiosyncratic and explained that helium would not put successful immoderate mining devices going forward. “I would powerfully suggest not investing much successful mining instrumentality astatine this point,” the Ethereum developer tweeted. Then the idiosyncratic asked if developers planned the “plug pull” for June oregon if the ether mining assemblage has much time. Beiko besides replied to that question arsenic good and said:

It won’t beryllium June, but apt successful the fewer months after. No steadfast day yet, but we’re decidedly successful the last section of PoW connected Ethereum.

The statements connote that ether miners volition person immoderate much clip until The Merge’s “plug pull.” Ethash miners (Ethereum’s mining statement algorithm) are immoderate of the astir profitable cryptocurrency miners today. At the clip of writing, the Innosilicon A11 Pro ETH miner (1,500 MH/s) tin people $54.30 per time successful ether profits with $0.12 per kilowatt-hour electrical costs and today’s ether speech rates.

What bash you deliberation astir the comments from Ethereum developer Tim Beiko concerning delaying The Merge? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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