Despite
The Merge is positioned as a major Ethereum upgrade, aiming to make the cryptocurrency greener and more eco-friendly. According to Ethereum researcher Justin Drake, the Ethereum Merge will reduce worldwide electricity consumption by 0.2%.
“The merge will reduce worldwide electricity consumption by 0.2%” – @drakefjustin
— vitalik.eth (@VitalikButerin) September 15, 2022
Due to Ethereum switching to PoS, Ethereum mining-related firms have been actively searching for solutions to continue mining. For example, cryptocurrency miner Hive Blockchain has been working to replace the mining of Ether (ETH) with other coins.
