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Miners Continue On The ETH Network Despite The PoS Shift

Written by: Qadir AK

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Sep 15, 2022

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Vitalik Buterin, the Ethereum co-founder, displayed his excitement while discussing the behavior of cryptocurrency miners on the network as the hashrate of the Ethereum network did not evaporate ahead of the Merge.

Previously, Buterin was arguing against 50%, but at the same time, he expected at least a 5% or 10% decrease in the mining power on the network. In cases of such a rapid drop of the hash rate, blockchains can tune up the difficulty even though it takes some time. The remaining miners would receive most of the block rewards, which are supposed to make their mining operations slightly more profitable until the last block of the old version of the network is mined.

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