What Would Be The Ethereum Merge Impact On Cryptocurrency Miners

Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity. But all that might come crashing down very soon. There’s growing concern that the upcoming merge will put ETH miners out of their jobs. This can be traced to the effect of the asset’s merge on the operational mechanism of the network. Related Reading: TA – Polkadot Price Shows Strength, Eyes $10 Ethereum Miners Records High Revenue Drawing from Arcane Research information, it was recorded that in 2022, Ethereum mining has realized a revenue of up to $11 billion. This figure is a bit higher than that discovered in Bitcoin mining. According to the research, Bitcoin miners have realized about $10 billion within the same period. The research data pattern is not different from that of last year. At the time, Bitcoin mining generated up to $17 billion. But, again, the revenue figure generated was about $1 billion lower than that of the ETH miners, which was $18 billion. Bitcoin mining had been recording higher revenue compared to that generated through Ethereum mining. This was recorded as of 18 months back. Since then, the turn of events has been steady in favor of ETH miners. The higher gain in ETH mining revenue is a result of its ecosyst...