The Merge is a highly anticipated change in code on the Ethereum platform. It has a potential to change everything from the management to rewards as well as reducing the energy consumption by over 99%. There is also a second significant change called EIP (Ethereum Improvement Proposal) 1559. The latter will most certainly alter the way we see ETH as it affects how fees work.
Ethereum is very soon merges with Ethereum 2.0 and the mining will simply stop. As miners won’t have any subsidies and the transaction fees will disappear. Now, the growth of the network will be achieved through motivating users to stake their coins.
These users of the network will be called VNO’s or validator node operators and will earn interest on their stakes. This change is what drives some experts to say that BTC seems to be a more stable and attractive investment option for wealth storage.
At the moment, Ethereum is the second-biggest coin judged by marketcap. For many miners, it is also the most profitable crypto to mine as the algorithms is favorable to those who use GPUs. There are literally hundreds of thousands of machines out there mining ETH as you read the article.
For millions of miners, the question where to go next is quite important. Many existing coins cannot support such influx of mining and the marketcap for these coins simply cannot justify the switch for many miners. Will it mean that the secondary market for ASIC units will be overflown with used devices?