Post
Topic
Board Altcoin Discussion
Re: So the ETH merge has finally happened
by
tvplus006
on 18/09/2022, 21:55:03 UTC
Sorry guys but the ETH price is going to tank hard, because now it costs almost nothing to create more ethereum big wallets can just create lots and lots of new ETH by just holding/staking them...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing...

That's not how it works at all. After the network has switched to POS, validators receive a reward only for confirming new transactions. Accordingly, the number of new coins has been sharply reduced, since there is now no reward for miners. And now, taking into account the coins being burned, after the London fork, Ethereum will become deflationary.