The merge is going to take out of business a lot of miners leaving them no other choice but to switch to something else, said JPMorgan (JPM) said in a report Wednesday.
The Merge is the first stage of the five stage process that will improve the blockchain and is planned for September .
The bank says that startring from July you could already see growth in Ethereum Classics harshrate signifying that the miners are already switching over. A lot of investors see Ethereum Classic as a saftenet in case something goes wrong during the Merge on the main net says JPMorgan.
We assume that it is very possible that the merge is going to push miners to look for other blockchains that are using GPU mining and start making money there as well as other places. As for mining pools, the shift might go a little bit more unnoticed.
The Merge is the first stage of the five stage process that will improve the blockchain and is planned for September .
The bank says that startring from July you could already see growth in Ethereum Classics harshrate signifying that the miners are already switching over. A lot of investors see Ethereum Classic as a saftenet in case something goes wrong during the Merge on the main net says JPMorgan.
We assume that it is very possible that the merge is going to push miners to look for other blockchains that are using GPU mining and start making money there as well as other places. As for mining pools, the shift might go a little bit more unnoticed.
👏2
https://soft4bro.com/news/nomad-gets-hacked-for-190-million?_utl_t=tm
Nomad Gets Hacked For $190 Million
Nomad Gets Hacked For $190 Million
Soft4Bro
Nomad Gets Hacked For $190 Million
https://soft4bro.com/news/starkware-begins-its-process-to-streamline-ethereum
StarkWare Begins Its Process to Streamline Ethereum
StarkWare Begins Its Process to Streamline Ethereum
Soft4Bro
StarkWare Begins Its Process to Streamline Ethereum
👍1
https://soft4bro.com/news/whale-destroys-pharma-bros-token
Whale Destroys Pharma Bro's Token.
Whale Destroys Pharma Bro's Token.
Soft4Bro
Whale Destroys Pharma Bro's Token.
https://soft4bro.com/news/btc-eth-taking-a-huge-nose-dive-while-fed-is-back-at-it-again?_utl_t=tm
BTC, ETH taking a huge nose dive while FED is back at it again.
BTC, ETH taking a huge nose dive while FED is back at it again.
Soft4Bro
BTC, ETH taking a huge nose dive while FED is back at it again.
Here we go again, another day - another dip. All the main coins to a nose dive once again. But hey, the glass is half way full, might be a good entry point ay? Plus the USD is gaining some strength on the global market.
https://soft4bro.com/news/the-deal-is-sealed-dragonfly-buys-out-metastable?_utl_t=tm
he Deal is sealed. Dragonfly buys out MetaStable.
he Deal is sealed. Dragonfly buys out MetaStable.
Soft4Bro
he Deal is sealed. Dragonfly buys out MetaStable.
Even though the price is yet to go public but the deal is sealed, Metastable Capital, the OG crypto hedge fund is now owned by Dragonfly, one of the biggest venture capitals in crypto.
https://soft4bro.com/news/one-of-the-biggest-mining-corporations-in-japan-sbi-crypto-pulls-out-of-russia?_utl_t=tm
SBI Crypto Pulls Out of Russia After a Mining Rig Found in a COVID-19 Quarantine Zone in a Local Hospital / News
SBI Crypto Pulls Out of Russia After a Mining Rig Found in a COVID-19 Quarantine Zone in a Local Hospital / News
Soft4Bro
SBI Crypto Pulls Out of Russia After a Mining Rig Found in a COVID-19 Quarantine Zone in a Local Hospital
https://soft4bro.com/news/mining-rig-found-in-a-covid-19-quarantine-zone-in-a-local-hospital
Буровая установка найдена в карантинной зоне COVID-19 в местной больнице
Буровая установка найдена в карантинной зоне COVID-19 в местной больнице
Soft4Bro
Mining Rig Found in a COVID-19 Quarantine Zone in a Local Hospital
Russian doctor was conducting some illegal mining operation in a hospital meant for giving care to COVID victims
😁1
https://soft4bro.com/news/irs-is-getting-bigger-almost-a-hundred-new-agents-will-join-the-ranks-to-make-your-life-even-harder?_utl_t=tm
IRS is getting bigger. Almost a hundred new agents will join the ranks to make your life even harder.
IRS is getting bigger. Almost a hundred new agents will join the ranks to make your life even harder.
Soft4Bro
IRS is getting bigger. Almost a hundred new agents will join the ranks to make your life even harder.
People speculate that the audits will come down harsh and will affect every single taxpayer
https://soft4bro.com/news/theres-still-hope-for-coinbase-but-what-about-the-rest-of-the-space?_utl_t=tm
There's still hope for Coinbase, but what about the rest of the space?
There's still hope for Coinbase, but what about the rest of the space?
Soft4Bro
There's still hope for Coinbase, but what about the rest of the space?
Experts estimate that their earnings will also drop 50% or more in comparison to the last year and on top of that their losses will be around $600 million
👍2
https://soft4bro.com/news/near-fights-back-taking-5-eth-from-hackers-who-were-going-after-the-rainbow-bridge?_utl_t=tm
NEAR fights back Taking 5 ETH from Hackers Who Were Going After the Rainbow Bridge
NEAR fights back Taking 5 ETH from Hackers Who Were Going After the Rainbow Bridge
Soft4Bro
NEAR fights back Taking 5 ETH from Hackers Who Were Going After the Rainbow Bridge
The newly introduced AI operated security system allowed criminals to collect some losses while attempting to fake a transaction on the Rainbow bridge.
👍2
https://soft4bro.com/news/new-mining-opportunities-in-paraguay-whats-good-and-whats-bad?_utl_t=tm
New mining opportunities in Paraguay. What's good and what's bad.
New mining opportunities in Paraguay. What's good and what's bad.
Soft4Bro
New mining opportunities in Paraguay. What's good and what's bad.
The senate of Paraguay has launched a bill for regulating mining and other crypto related activities in the country. It's been in the works since the fall of last year and is designed to make sure that the taxes are paid by all of the miners.
👍1