Ethereum miners are not looking forward to the merge

Ethereum’s upcoming move to proof-of-stake will render Ethereum miners obsolete. Will the miners accept the defeat or fight back?
Source: CoinMetrics

Ethereum mining is bigger than bitcoin mining based on revenue. Ethereum miners earned $18 billion in 2021, compared to $17 billion for bitcoin miners.

Soon, the merge will replace miners by staking validators, meaning that the Ethereum mining revenue will suddenly drop from billions of dollars annually to zero.

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