Ethereum miner balance reaches four-year high weeks before the Merge

Ethereum miner balance reaches four-year high weeks before the Merge

Experts believe that miners are hoarding more ETH in anticipation of price surges and forked PoW tokens. The Ethereum Merge is slated for Sept. 15, which will see the Ethereum blockchain move from its current proof-of-work (PoW) mining consensus to proof-of-stake (PoS). The Merge is being touted as one of the biggest upgrades for the Ethereum blockchain as it would help the network move to a more energy-efficient way of verifying transactions and eliminate PoW mining completely. With the Merge date approaching, Ether (ETH) miner's balance has touched a new four-year high.According to....


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