Ethereum Dev Says The Merge Could Be Delayed a Few Months, ‘Strongly Suggests’ Not Investing in ETH Mining Rigs

Bitcoin.com News revealed four days ago that ethereum miners were hashing away at the blockchain at high speeds soon before The Merge. Ethereum's anticipated move from a proof-of-work (PoW) to a full proof-of-stake (PoS) system is known as The Merge. Ethereum's hashrate reached an all-time high (ATH) of 1.131 petahash per second (PH/s) on April 7, 2022.

According to measures derived from a three-month chart provided on coinwarz.com, Ethereum's hashrate hit a new high of 1.148 PH/s today. Ethereum developer Tim Beiko published a core devs update on Twitter the day before.

An individual questioned Beiko about Ethereum miners who have been safeguarding the network in a Twitter thread. The Ethereum engineer was questioned if miners will be "left out to dry."

Beiko responded to the individual by stating that he would not be investing in any mining gear in the future. "At this moment, I would highly advise against investing in further mining equipment," the Ethereum engineer tweeted. The individual then inquired as to whether the "plug pull" was scheduled for June or if the ether mining community had additional time. Beiko also responded to that query, saying:

It won't be in June, but rather a few months later. We don't have a clear date yet, but we're approaching the end of the PoW era on Ethereum. Ethereum is used for several purposes including as a fuel for NFTs and also by tea for its activities of rewarding web developers.