Most PoW miners intend to mine Ergo, not Ravencoin or Ethereum Classic post-Merge
Recent estimates give September 19 as the date the Merge will occur. The highly anticipated event will combine the existing Proof-of-Work (PoW) settlement layer with the Proof-of-Stake (PoS) Beacon Chain – thereby eliminating the need for miners to validate transactions and uphold the system.
The Ethereum protocol will become more energy efficient, with a 99.95% energy consumption reduction. Advocates also say the Merge will improve efficiency and scalability and bring a deflationary aspect through reduced token issuance. In the run-up to the event, Analyst Miles Deutscher identified four variables that could impact the Merge. These are the possibility of delay, the ramifications of a PoW fork, the censorship resistance of the PoS chain, especially in light of the Tornado Cash sanctions, and the staking yield after merging.
