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Ethereum is moving to proof-of-stake this year. It was moving to PoS last year and the year before that. Now it's June, but I heard probably delayed to July.
by 300bps 5y ago
Ethereum is moving to proof-of-stake this year.
It was moving to PoS last year and the year before that. Now it's June, but I heard probably delayed to July.
One telling thing is that ETH miners not only haven't sold their GPUs they're continuing to buy more at greater than MSRP. It's unlikely there will be a good alternate coin to mine after ETH. Some are planning to move to ETC (Ethereum Classic) but it can't absorb the hashrate of ETH and be profitable.
ETC currently has 24.46 Th/s while ETH has 961.14 Th/s. ETC price has been going up dramatically in the last week ($25 to $40 per coin) but it would have to go up about 20x more to absorb that hash rate.
- RealityVoid 5y agoETH miners will continue to buy but that means nothing, really, because at some point they will be wrong.
- hackerfromthefu 5y agoWell it does mean that people deeply involved and informed about Ethereum, who have SKIN IN THE GAME, don't believe the public information about the change. Not surprising really, shell games with insider information being traded against the sheeple is a core aspect of the crypto industry. Who knows if this time is just like the last time and all the times before?