Tag: triggered
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The Death of GPU Mining Profitability How the Ethereum Merge Triggered a Hashrate Crisis for Proof of Work Cryptocurrencies
The completion of the Ethereum Merge on September 15, 2022, marked one of the most significant technical milestones in the history of blockchain technology, but it simultaneously triggered a financial catastrophe for the global GPU mining industry. By transitioning from a Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS), the Ethereum network effectively rendered an estimated…
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