The hashrates of multiple proof-of-work networks such as Ethereum Classic surged to record levels on the day of The Merge.Total ether supply increased due to low network activities despite a 90% reduction in issuance.
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Ethereum Merge Causes Bitcoin Dominance Growth, Here's WhyHere's how Bitcoin dominance growth is affected by Ethereum Merge btc eth crypto ethmerge pos $btc eth
Source: Utoday_en - 🏆 295. / 63 Read more »
Ethereum Miners Are Quickly Dying Less Than 24 Hours After The MergeThere's been a post-Merge plunge in profitability for Ethereum miners who moved en masse to proof-of-work altcoins, forcing huge declines in block rewards at the same time that mining difficulty shot higher. A lethal combination. egreechee reports egreechee Um...no shit egreechee Yes, we out here starving to death. Not great. egreechee Graphics card prices down only hopefully.🤤
Source: CoinDesk - 🏆 291. / 63 Read more »
Ethereum Already Showing Signs of Increased CentralizationSo much for decentralization. In the hours following the long-awaited EthereumMerge on Thursday, more than 40% of the network’s blocks were added by just two entities: Coinbase and Lido. coinbase Lido Now Ethereum is dead! All hail the king $BTC Bitcoin coinbase Lido Ignorance is bliss. Specially when coming from supposedly major media in this space. Lido is composed by over 30 autonomous and independent service providers scattered all over the world. It's not a single institution. Tonights homework: before reporting actually investigate coinbase Lido afaik lido isn't a single entity
Source: CoinDesk - 🏆 291. / 63 Read more »