Gamers Rejoice! Ethereum Reminds GPU Miners the End Is Near

The Merge, which will end Ethereum mining with GPUs, is taking important steps to becoming a reality with the formal opening of a new testnet designed to work out the kinks in the upcoming mining-less approach. That means gamers eventually won’t have to compete with Ethereum miners for graphics cards. 

This news comes on the tail end of a pretty good year for Ethereum miners: Coinbase data shows the cryptocurrency’s price rising from about $731 on January 1 to approximately $3,940 at the time of writing. In addition, the rise of non-fungible tokens (NFTs) pushed the Ethereum hashrate to record numbers. And the switch to a proof-of-stake model, which doesn’t rely on miners to preserve the integrity of the blockchain, was delayed from the end of 2021 to some time in the first half of 2022.