Despite the fact that the decrease in its value to less than half so far this year had already caused many miners to stop using GPUs to mine the Ethereum cryptocurrency, those responsible for one of the most fashionable cryptocurrencies had become In recent years they have decided deliver the coup de grâce to the mining of the Ethereum cryptocurrency.
As planned through a process known as “The Merge” or “The Fusion” because it is about uniting the main networks with the “Beacon” test network, those responsible for Ethereum have changed the way in which that your network works for look for a more energy efficient model. Those responsible speak of a 99.5% reduction in consumption.
Until now, the Ethereum network and others like Bitcoin worked through the combined calculation of all the machines that were dedicated to mining to solve blocks in the block chain or “blockchain” to verify the transactions that were carried out in the network, that It supposes a lot of calculation and consumption capacity, and in exchange the coins were obtained to “reward” the miners.
Graphics cards will no longer work to mine Ethereum
Now, Ethereum leaves that model behind to move to a validation system that is based on the number of coins held. On the one hand, this new system centralizes in the nodes that have more coins, on the other hand, and it is what interests us users: graphics cards will no longer be used to mine Ethereum.
This should sharpen the drop in prices that the current generation graphics cards have been suffering in recent monthsand could affect the prices of future generations of AMD (Radeon RX 7000) and NVIDIA (GeForce RTX 40).
At the moment, the news does not seem to have sat well with the value of Ethereum, and in recent days it has accumulated more than 9% falls.
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