{"id":441216,"date":"2022-04-13T15:55:25","date_gmt":"2022-04-13T13:55:25","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=441216"},"modified":"2022-04-13T16:56:20","modified_gmt":"2022-04-13T14:56:20","slug":"end-of-ethereum-mining-developer-gives-launch-window","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/cryptocurrency\/441216-end-of-ethereum-mining-developer-gives-launch-window.html","title":{"rendered":"End of Ethereum mining \u2014 developer gives launch window"},"content":{"rendered":"<p>One of the leading Ethereum software developers said the blockchain network&#8217;s much-anticipated technical upgrade known as the Merge will likely be completed a few months after June.<\/p>\n<p>The comment helps to establish a possible timeline for the completion after Ethereum passed another major\u00a0test on Monday.<\/p>\n<p>The network&#8217;s developers had launched a mainnet shadow fork to stress test the new upcoming software.<\/p>\n<p>&#8220;No firm date yet, but we&#8217;re definitely in the final chapter of PoW on Ethereum,&#8221; Tim Beiko, a computer scientist who coordinates Ethereum developers tweeted on Tuesday, referring to the way transactions on the Ethereum network are ordered that is known as proof of work.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">It won&#8217;t be June, but likely in the few months after. No firm date yet, but we&#8217;re definitely in the final chapter of PoW on Ethereum<\/p>\n<p>\u2014 Tim Beiko | timbeiko.eth &#x1f525;&#x1f9f1; (@TimBeiko) <a href=\"https:\/\/twitter.com\/TimBeiko\/status\/1514010098145759232?ref_src=twsrc%5Etfw\">April 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Merge will enable the blockchain to move from the proof-of-work consensus mechanism, which uses energy-intensive specialized computers to validate transactions and secure the network, to proof-of-stake.<\/p>\n<p>The new mechanism allows Ether holders or stakers to operate as nodes to perform those tasks.<\/p>\n<p>Beiko earlier said he wouldn&#8217;t be surprised the Merge happens in the fall but didn&#8217;t give a more specific timeline. Ether outperformed Bitcoin in late March as another test for the upgrade went through on 15 March.<\/p>\n<p>Beiko didn&#8217;t immediately respond to a request for additional comment.<\/p>\n<p>The Merge, which aims to help the network run more efficiently and reduce carbon footprint, has seen multiple delays since its inception.<\/p>\n<p>Some Ethereum miners, who leverage specialized computers such as repurposed graphics cards or machines with application-specific integrated chips to secure the network and get subsidies in Ether from the blockchain, are betting on another delay so that they have more time to make a profit from their mining operations.<\/p>\n<p>Ether rose less than 1% to around $3,000 on Wednesday. It has slumped about 18% this year, while larger rival Bitcoin has decreased around 14%.<\/p>\n<hr \/>\n<h3 class=\"my-4\">Now read: <a href=\"https:\/\/mybroadband.co.za\/news\/cryptocurrency\/441136-bitcoin-deflates-to-below-40000.html\" target=\"_blank\" rel=\"noopener\">Bitcoin deflates to below $40,000<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>One of the leading Ethereum software developers said the Merge is likely to be completed a few months after June.<\/p>\n","protected":false},"author":341034,"featured_media":395655,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[44696],"tags":[191,43338,42124,77372,77882],"class_list":["post-441216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-cryptocurrency","tag-ether","tag-ethereum","tag-ethereum-merge","tag-tim-beiko"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/441216"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/341034"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=441216"}],"version-history":[{"count":2,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/441216\/revisions"}],"predecessor-version":[{"id":441232,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/441216\/revisions\/441232"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/395655"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=441216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=441216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=441216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}