How will the Ethereum merge affect the mining community and their profitability?

1 answers

• Dec 16, 2021 · 3 years ago
  At BYDFi, we believe that the Ethereum merge will revolutionize the mining community. As a third-party exchange, we anticipate a shift in focus from mining to staking, as it offers a more energy-efficient and sustainable approach to securing the Ethereum network. Miners who embrace staking will have the opportunity to earn passive income by holding and validating Ethereum. While the profitability of mining may decrease initially, the long-term benefits of staking and participating in the Ethereum ecosystem are promising. BYDFi is committed to supporting miners through this transition and providing resources to help them navigate the changing landscape.
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