All those Ethereum fanboys gonna get rekt when they realize the fiat value of their precious token was in the mining and not in the utility. The utility will still be there when it goes to POS but the price won't.
That's a testable hypothesis..and we shall see soon.
If true, it also predicts something else, obviously, which is actionable.
I am still thinking whether to make any short term moves or not.
well 4 days mining eth on ethpool.org etherermine earns 23.6 million in eth
and all the staked eth on ehtpool.org is 23.8 million
so the ratio for a year would be 90 to 1
or if you count interest 4% of 23 million is 920,000 for staked vs 2.153 billion earned okay pull of 25% for power.
th pool miners would make 1.5 to 1.6 billion
the stakers would make 920,000
that is over 1500 to 1 ratio of earning dropping out on this pool alone