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A comment on The GPU Sadness Index: Tracking eBay Pricing. Parent comment
Well as I understand I it was clear from day one that Ethereum would switch "one day" to PoS so miners knew, from the start, what they were in for.
> ... that invalidates millions of dollars of investment in mining Etherum...
Well the GPUs will not be able to mine ETH anymore but the ETH already mined aren't lost: the PoW chain is going to merged inside the PoS one.
I take it this all decided by the "Ethereum foundation"?
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Well as I understand I it was clear from day one that Ethereum would switch "one day" to PoS so miners knew, from the start, what they were in for.
> ... that invalidates millions of dollars of investment in mining Etherum...
Well the GPUs will not be able to mine ETH anymore but the ETH already mined aren't lost: the PoW chain is going to merged inside the PoS one.
I take it this all decided by the "Ethereum foundation"?