The miners still have time, PoS Etherea will not arrive until the next year

Today, Ethereum is mainly mined on graphics cards, which is the most profitable due to its high value. The miners, of course, have the opportunity to use their graphics for another cryptocurrency, but of course Ethereum would not like to lose, which threatens the transition from PoW to PoS models. It is simply that Ethereum will not benefit from the performance of any hardware (Proof of Work), but simply how much that currency is owned and held by someone (Proof of Stake).

The planned big change called “The Merge” (merger) was supposed to come this year, but over time it became clear that it will not happen again, which will be paid for especially by players who are interested in a new graphics card. Of course, it cannot be said that the transition to PoS in the case of Etherea would solve the shortage in the graphics market by waving a wand, but the situation would certainly at least improve. But it also depends on whether the miners start to get rid of their graphics, or focus on mining another currency.

Currently, the transition to the PoS Etherea model is planned for approximately the first to second quarter, which does not sound very certain and it is certainly not possible to say that it can really be counted on. This step is planned as the next on the way rebirth in Eth2to be more scalable, safer and more sustainable. And it is sustainability that is most closely linked to PoS, as this means only a fraction of the consumption for the operation of the entire ecosystem compared to today’s situation.

So we will see when Ethereum is added to other cryptocurrencies that are based on the PoS model, such as the well-known Cardano or Tezos. We will now assume that this will happen during the first half of 2022, but only time will tell.

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Source: Svět hardware by www.svethardware.cz.

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