26
Sep
It has been less than 15 days since the Merge was implemented on the Ethereum blockchain. The upgrade reportedly moved the Ethereum blockchain consensus from proof-of-work (PoW) to proof-of-stake (PoS). Mining Rigs Rendered Useless As the consensus protocol changed entirely, the mining for Ethereum (ETH) has become rather useless. In the past, the prices of the cryptocurrency mining rigs including the GPUs used for providing the computational power were in high demand. Prior to the implementation, Ethereum was based on the proof-of-work consensus. This meant that the adoption driving mechanism for ETH was mining it, increasing its computational power, and…