This chart assume that ethereum is traded at $1900, but after pos, everybody will move to more secure pow blockchains and ethereum can fall as low as $19
and Vitalik Buterin will be plugged into Bezos's butt(AWS) for validation lol
Anyways, GPU mining for profit will be dead for at least a year after the merge. We might shift from direct profit as an incentive to a speculative incentive. GPU owners will gamble on a coin that has the potential to moon. It will be like pre-2017 bitcoin bull run all over again when miners were never in profit, and would hodl instead. Like this farm from 2015
https://www.youtube.com/watch?v=K8kua5B5K3IAll core dev call has just wrapped up.
Devs have decided to delay the difficulty bomb. Initial block delay adjustment is as published in the proposed EIP-5133 (
https://github.com/ethereum/EIPs/blob/master/EIPS/eip-5133.md) but the delay value may be adjusted. Fork to implement the delay is planned to go in effect around Jun 29.
Also, second testnet for merge will be Sepolia, beacon chain for Sepolia will launch around Jun 20 with merge TTD to follow around 2 weeks after.
Thanks for the update.
Odds are pretty much the same since I last checked them. Still a good chance of happening during September.
If ETH crashes below 1000, we will get to test philipma's theory.
we are getting close.
It is going to be an amazing shit show.