Reading time: ~2 m
Today Ethereum hashrate reached another ATH – 1.148 petahash/s. The day before, Ethereum developer Tim Beiko posted on Twitter:
“We are definitely in the final chapter of PoW on Ethereum.”
One of the Twitter users asked Beiko a question about Ethereum miners. He asked if the miners would be “left to their own devices”.
Beiko wrote back to him that he would not invest in any Ethereum mining devices in the future. And added:
“I would strongly recommend not investing more in (Ethereum) mining hardware.”
His interlocutor then asked if the developers were planning to “pull the plug out of the socket” in June, or if the Ethereum mining community still had time. Beiko replied:
“It won’t be in June, but most likely in the coming months. There is no exact date yet, but we are definitely in the final chapter of PoW on Ethereum.”
Ethereum miners are making the biggest profits to date. At the time of writing, using the Innosilicon A11 Pro ETH (1,500 MH/s) miner, you can make a profit of $54.30 per day at an electricity cost of $0.12 per kilowatt-hour and the current Ether exchange rate.
#Ethereum #Developer #Merge #Delayed #Months #Recommended #Invest #ETH #Mining #Hardware
