ETH Ends Mining Era

[wwwqqq]

On September 15, 2022, Vitalik Buterin, the co-founder of Ether, tweeted, "We are finally done!" "This is an important moment for the Ethereum ecosystem.
The transition of the Ethereum mainnet from Proof of Work (PoW) to Proof of Stake (PoS) is called a "merger." This also means that the era of large-scale graphics card mining is over.

[maykl]

The transition of the Ethereum network from Proof of Work (PoW) to Proof of Stake (PoS), usually called Ethereum 2.0, is a major ongoing update. Vitalik Buterin's tweet about being "finally done" might refer to a significant milestone achieved in the development or deployment of Ethereum 2.0. Ethereum 2.0 aims to improve scalability, security, and sustainability by transitioning from a PoW consensus mechanism to a PoS consensus mechanism.

[john140]

ETH, or Ethereum, is stopping its old way of making new coins called mining. Instead, it's moving to a new system called proof of stake. This change aims to use less energy and make transactions faster. People who currently mine ETH will need to switch to the new system or find other ways to earn.