The life of an Ether (ETH) miner has been getting harder and harder since the upgrade of The Merge of the Ethereum blockchain, where ETHPow contributor Chandler Guo estimates that 90% of PoW miners will go bankrupt.
Some miners may turn to Ethereum’s proof-of-work (PoW) fork so they can continue mining, but even Chandler Guo, one of ETHPow’s strongest supporters, thinks that only 10% of miners will move to mine ETHPOW ( Ethereum Merge fork token) and ETC (Ethereum Classic token) will eventually survive.
“The miners who get electricity cheaper are the ones who survive,” Guo said. [เหมืองขุด] It has free electricity and can keep working,” Guo said, referring to the PoW fork. “The other 90% will go bankrupt.”
For the PoW fork, things are not going smoothly. And there have been complaints about problems accessing the blockchain’s servers while attempting to set up the wallet failed.
“Some people can connect. Some people just can’t connect,” Guo replied. “It depends on the speed of the network.”
ETHPoW contributor Chandler Guo expects 90% of PoW miners to go bankrupt appeared first on Bitcoin Addict.