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Ethereum mining via GPU is about to die after a change in the Proof-of-Work/PoW model to a Proof-of-Stake/PoS model was announced. ).
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Something that is mainly due to the search to use less energy, which apparently would have a final date of September 19, 2022. The day on which the current Proof of Work model, which requires computing power and uses cards video to mine cryptocurrency, it will need to be changed.
An important point is the growing concern for the environment that this type of mining has generated, since the more graphs with a high hash rate are used, the more amount of cryptocurrency you can end up obtaining. Something that according to some reports, the emissions derived from mining energy could drive global warming above 2 ºC.
In theory, the transition from Ethereum to PoS will reduce the carbon emissions of the project and improve the energy efficiency of the network by more than 99%.
In addition, the hoarding of GPUs to mine cryptocurrencies has made high-end graphics cards luxury items for years, causing a shortage of cards and therefore raising their prices.
If this Merger goes through, Ethereum nodes will mint Ethereum at a certain rate that is based on how many coins a node has and how long it has held them. This will be the new criteria to determine who adds a new block instead of using computing power.
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