- Ethereum miner revenue has dropped to $498 million, an alarmingly low level, in June.
- A decline in Ethereum price and the fear of being out of business after the Merge lead to steep decline in miner revenue.
- The Gray Glacier upgrade delayed the difficulty bomb, giving miners another 100 days before the migration to Proof-of-Stake.
The Ethereum Merge, the much anticipated transition from Proof-of-Work to Proof-of-Stake, has negatively impacted miners on the…
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