Will Mining Die With Ethereum 2.0?

The crypto community is celebrating the coming of Ethereum 2.0, however, there are also concerns for miners. Since Ethereum has switched to a proof-of-stake model, mining Ether will no longer be necessary. Due to this, mining machinery will become obsolete, leaving miners with fewer options. KEY TAKEAWAYS Ethereum merge is the transition from proof-of-work consensus mechanisms to a proof-of-stake model. Transitioning to proof-of-work would affect the Ethereum mining industry, which is worth $19 billion. There…

"Will Mining Die With Ethereum 2.0?"