An Overview of GPU Mining Economics into the Ethereum Merge

May 16, 2022, 10:59AM EDT

• 11 min read

Quick Take

  • The Ethereum Merge has recently been postponed to “a few months after June,” according to one core developer in April. 
  • Despite the numerous delays, the Merge is anticipated to take place after all and will transition the consensus algorithm to proof-of-stake. 
  • A looming question is what will happen to the millions of GPUs that are running on the Ethash algorithm at the moment.
  • In this piece, we take a look at the current Ethereum mining landscape and the economics of GPU mining.

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