Ether crypto miners are looking to repurpose technology made obsolete by last month’s “Merge” for other energy-intensive activity, potentially blunting the crypto project’s effort to slash its carbon footprint.
Companies and small investors that lost out following the success of the Merge are turning to mining other cryptocurrencies, hosting services in the cloud and even heating their homes to make use of their equipment.
The Merge, one of the most ambitious projects in crypto history, transformed the running and upkeep of the popular Ethereum blockchain by moving from a “proof-of-work” system to one known as “proof of stake”.
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