After Ethereum Merge, GPU prices may stabilize with dipping demand By Cointelegraph
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After Ethereum Merge, GPU prices may stabilize with dipping demandEthereum’s long-awaited transition to a proof-of-stake (PoS) consensus mechanism kicked off on Sept. 15, thus finally putting its long-standing transaction woes in the rearview mirror. To this point, the network is now capable of processing anywhere between 20,000–100,000 transactions per second (tps) as opposed to its previous rate of just 30 tps.
Furthermore, the Merge also saw the network become up to 99.9% more energy efficient as compared to its previous iteration, thus allaying fears of its excessive energy consumption, a criticism that still lingers quite heavily in relation to (BTC).
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After Ethereum Merge, GPU prices may stabilize with dipping demandEthereum’s long-awaited transition to a proof-of-stake (PoS) consensus mechanism kicked off on Sept. 15, thus finally putting its long-standing transaction woes in the rearview mirror. To this point, the network is now capable of processing anywhere between 20,000–100,000 transactions per second (tps) as opposed to its previous rate of just 30 tps.
Furthermore, the Merge also saw the network become up to 99.9% more energy efficient as compared to its previous iteration, thus allaying fears of its excessive energy consumption, a criticism that still lingers quite heavily in relation to (BTC).
Continue Reading on Coin Telegraph
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