The end is nigh for GPU Miners

With the formal opening of a new test not designed to work out the kinks in the upcoming mining-less approach, The Merge, which will end Ethereum mining with GPUs, is taking important steps closer to becoming a reality. As a result, gamers will no longer have to compete for graphics cards with Ethereum miners.

This news comes at the end of a good year for Ethereum miners, with the cryptocurrency’s price rising from around $731 on January 1 to around $3,940 at the time of writing, according to Coinbase data. The rise of non-fungible tokens (NFTs) has also pushed the Ethereum hash rate to new highs. The transition to a proof-of-stake model, which does not rely on miners to maintain the blockchain’s integrity, has been pushed back from the end of 2021 to the first half of 2022.

But that changeover, dubbed “The Merge” by many, is still on the way. On Monday, the Ethereum Foundation introduced the Kintsugi testnet to help developers “familiarise themselves with Ethereum in a post-merger scenario.” Miners’ ability to optimize their profits ahead of The Merge or identify which cryptocurrency they’ll devote their computing power to later was left unmentioned.

“The Kintsugi testnet provides the community an opportunity to experiment with post-merge Ethereum and begin to identify any issues,” the foundation said in its announcement. “Once feedback has been incorporated into the client software [sic] and the specifications, a final series of testnets will be launched. In parallel, testing efforts will continue ramping up. After this, existing long-lived testnets will run through The Merge. Once these have upgraded and are stable, next up is Ethereum mainnet’s transition to proof of stake.”

Kintsugi has a dedicated landing page for testers; the document contains more information on how to use this public testnet. In an October blog post, Ethereum developer Tim Beiko (who CoinDesk named one of the most influential people in crypto for 2021) provided a detailed breakdown of how Ethereum will function after The Merge.

“At a high level, at The Merge, clients will switch from the following PoW to following PoS to determine Ethereum’s latest valid block,” Beiko said. “Aside from that, most of the clients’ functionality, and, more importantly, the EVM, its state, and how it executes transactions, will stay the same. […] Post-merge, the current Eth1 and Eth2 clients respectively become the execution and consensus layers (or engines) of Ethereum. This means that node operators of either Eth1 or the Beacon Chain clients will need to run the ‘other half of the stack to have a fully validating node.”

The Merge will result in modifications to Beacon Nodes, the Engine API, and the Execution Engine, according to the rest of the blog article. (Additional schematics are explaining the new architecture, but they’ve been minted as NFTs, and we wouldn’t want to indicate that NFT images can be used by someone who doesn’t own them.) Kintsugi is designed to move the Ethereum network closer to implementing this architecture.

In the “The Merge Mainnet Readiness Checklist” repository on GitHub, the Ethereum Foundation has revealed, “several tasks to work through to make the Merge suitable for Mainnet deployment.” Of course, there’s still a lot of work to be done, so miners shouldn’t worry just yet. However, it appears that the day when Ethereum enthusiasts will no longer have to fight for graphics cards with Ethereum miners is getting closer.

also read:

OnePlus 10 Pro confirmed to launch next month

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More like this

Pi Network Faces Developer Exodus as PiDaoSwap Abandons Platform...

The cryptocurrency ecosystem thrives on efficiency and innovation, with projects competing fiercely to attract developers who can...

Pi Network: Navigating the Challenging Path to Major Exchange...

The world of cryptocurrency is fraught with challenges, and Pi Network journey exemplifies the complex path to...

RXS Crypto: The Next Big Thing in Digital Assets?...

Are you ready for the next cryptocurrency revolution? Hold onto your digital wallets, because RexasFinance (RXS) is...

Crypto Market Wobbles: Bitcoin and Ethereum Face Bearish Pressure...

In the ever-evolving world of cryptocurrency, April 2025 has ushered in a period of uncertainty and bearish...

Crypto Surge: SUI, TONCOIN, and Pi Network Lead the...

In the ever-volatile world of cryptocurrency, three rising stars have captured the attention of investors and enthusiasts...

LATEST NEWS

MS Dhoni and Vijay Shankar’s IPL Records: Analyzing the CSK vs DC Match IPL 2025

CSK vs DC Match IPL 2025: In the ever-evolving landscape of the Indian Premier League (IPL), the 2025 season has already thrown up some...

MI Coach Breaks Down Tilak Varma’s Retired Out Decision, Says It Was All About Freshness

In a move that sent shockwaves through the cricketing world, Mumbai Indians’ head coach Mahela Jayawardene made a bold decision that left fans and...

IPL 2025: IPL Teams with Most Wins While Chasing Runs

IPL 2025 : When it comes to chasing targets under pressure, few teams have mastered the art like the Kolkata Knight Riders (KKR). The...

Barak FC Crowned Inaugural Nagaland Super League Champions After 3-1 Win Over Longterok FC

Barak FC : Barak FC has etched its name in the history books by becoming the first-ever champions of the Nagaland Super League (NSL),...

Featured