Ethereum’s Transition Towards a Consensus Mechanism Proof-of-Stake (PoS) was initiated on September 15, 2022, enabling network transactions to be processed at 20,000–100,000 Transactions per second (tps) compared to the previous rate of only 30 tps.
The change also saw the Ethereum network achieve a 99.9% increase in energy efficiency compared to the old system. Thereby reducing the fear of excessive energy consumption. Much like Bitcoin, there is still a lot of criticism.
How will the GPU market continue?
What is now evident is that Ethereum Merge has served as a significant technical and industrial upgrade for the cryptocurrency mining sector in recent times, according to Ilman Shazhaev, Founder and CEO of Cryptocurrency Mining. Metaverse Game “Farcana” Revealed to Cointelegraph that despite the changes in this upgrade But the GPU industry is still affected. Especially the continued emergence of the daily PoW protocol.
in his opinion He thinks the price of GPUs won’t come down much anytime soon, with their prices likely to stabilize at current rates. In fact, he believes that the price changes we are seeing now have been factored into the pre-Merge factor, adding that: To create momentum for upcoming GPU launches, manufacturers like Nvidia have already begun clearing up some of their inventories.
Finally, it remains to be seen whether in a situation where there are no tokens to mine. what’s next Most manufacturers tend to revert to the process. “Order-based Production After Crypto Mining It has flourished in recent years and has caused a lot of hoarding.
Source: Cointelegraph