#StaySAFU Ethereum Mining: A Closed Chapter or a New Opportunity?

$ETH #Ethereum #ETHMining #ProofOfStake #CryptoNews

Ethereum mining was once a booming industry — powering thousands of GPUs and creating big profits for miners. But everything changed with The Merge in 2022, when Ethereum shifted from Proof of Work (PoW) to Proof of Stake (PoS).

What Happened?

No More Mining: The Merge ended traditional ETH mining. Validators now secure the network by staking ETH, not solving puzzles.

Miners Moved On: Some miners pivoted to coins like $ETC (Ethereum Classic) or $RVN, while others sold off their rigs.

Greener Ethereum: The shift drastically reduced energy use by over 99%, making ETH more eco-friendly and scalable.

Is ETH Mining Over?

Yes — at least in the traditional sense. But staking and validator rewards now offer a new way to earn from Ethereum.