Most ETHPoW Miners Will Capitulate Soon, Says Ethereum Miner

Chandler Guo, a miner spearheading Ethereum’s PoW fork, says most Ethereum miners will face bankruptcy soon. With the much-hyped Ethereum Merge now a thing of the past, Ethereum proof-of-work miners face an uncertain future. Once road builders on crypto’s busiest commercial highway.

According to Tom’s Hardware, unless miners flocking to proof-of-work coins use the Nvidia GeForce RTX 3090 and the Radeon RX 6800 and 6800 XT with an electricity cost of $0.10 per kilowatt-hour, they won’t be profitable. This configuration will yield about $0.06 daily after electricity costs. News of a rebel proof-of-work developer contingent surfaced in early Aug. 2022, when Guo tweeted that an Ethereum Proof-of-Work fork was in the works.


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