Kiwi crypto-miners sell machines ahead of ethereum 2.0 merge

Computer processors designed for high-end gaming can be put to use mining ethereum. (Photo: Facebook)

Mon, 13 Jun 2022

The world’s number two cryptocurrency, ethereum, took a significant step towards addressing the environmental impact of digital assets last week. Ethereum is preparing to transition from an energy intensive proof-of-work network to a much more efficient proof-of-stake network.This move will reduce the coin’s environmental impact and improve its transaction speed, but will put the crypto miners, who currently validate the chain, out of business.On Thursday last week, ethereum developers had a test run of the new system and Coind...

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