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Author: Admin | 2025-04-28
With the Ethereum Merge, the consensus mechanism in Ethereum was changed. This implies that from now on no more mining can be done on the Ethereum network. For a long time, Ethereum Mining was still considered very beneficial and many people made money with it. What are the Ethereum miners doing now and is Ethereum mining still worth it? Let’s take a look at it in more detail.What is the Ethereum Merge?The Ethereum Merge is the total transformation of the Proof-of-Work consensus mechanism to Proof-of-Stake in the Ethereum network. The beacon chain, on which Proof-of-Stake was first launched, was connected to the Ethereum mainnet. As a result, the whole Ethereum network has been operating on Proof-of-Stake since the merge.The merge is probably the most crucial step when updating from Ethereum to Ethereum 2.0. With the introduction of Proof-of-Stake, the Ethereum network is much more efficient, cost-effective, and sustainable. The Ethereum merge finally took place on September 15 without any problems. In this article, we have summarized everything about the merge.What are the consequences of the Ethereum merge?As a result of the Ethereum merger, the network will become much more efficient in the long term. The energy consumption in the Ethereum network drops by 99.9%. Likewise, the transactions are getting faster and the network could become much more sustainable in the future. The Ethereum Merge is now bringing the whole network ahead massively.The Ethereum miners in particular see the merge a little more negatively. In the past, mining made exceptionally good money on the Ethereum network. As Bitcoin mining has become increasingly unprofitable in recent years, Ethereum mining has been more beneficial, especially for smaller miners. What were the Ethereum miners doing before the merge?Mining in the Ethereum network was very profitable for a long time. In exchange for supplying computing power, miners obtained rewards in the form of ether tokens when they validated transactions. Ethereum mining was a very profitable alternative for many miners.With the Ethereum merge and the complete switch to proof-of-stake, the situation is completely different now. More and more miners had to leave the Ethereum network. Above all, a migration to Ethereum Classic was very widespread in the weeks before the merge and also had the impact that the Ethereum Classic price witnessed a short-term massive price increase a few weeks before the merge.The transformation to the new consensus mechanism led to massive criticism from the miners, as they had great authority over the validation of transactions through mining in the past and made good money with Ethereum mining. With the merger, these individuals have now lost massive power and a good source of income.With Proof-of-Stake, the people supplying large amounts of tokens for staking have the best chance of validating transactions. In the rarest of cases, these are also the big Ethereum miners before the transformation. What is the future of Ethereum miners?In the coming months and years, there could be an additional migration of Ethereum miners. But other solutions are also being discussed in the
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