Builders say the transfer away from a proof-of-work (PoW) system will make the community less expensive, sooner and environmentally pleasant. It is going to additionally imply the tip of an earnings stream for Ethereum miners, who’re rewarded with ether (ETH) tokens for supplying assets to the blockchain. Miners produced over $620 million value of ether in July alone, data show, making The Merge akin to a demise knell for a major chunk of money.
