Ethereum Miners’ revenue hits $596M in July, but not for long

Ethereum is in the final stages of its consensus mechanism shift, and the mining process would become redundant post the Merge, eliminating miners from the ecosystem.

For now, it seems like The Merge is on track to take place in September. Quite recently, Tim Beiko, the lead developer at Ethereum, shared details about the final testing phase of the upgrade. As outlined in a recent article, for the last testnet PoS transition, Ethereum’s Goerli will merge with Prater, and the same is…


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