Where will Ethereum PoW miners go post-merge?

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City AM

By Darren Parkin by Tim Bullman, CEO of [Caduceus Foundation](https://caduceus.foundation/) With Ethereum’s merge to proof-of-stake (PoS) around the corner, a global array of proof-of-work (PoW) miners, along with their collective resources and capital (that accounted for $19 billion in revenue in 2021), are actively migrating to other platforms. Such activity is further evidenced by Messari data which reveals a steady decline in Ethereum’s hash rate since May 2022 and a 47% drop in GPU resale value since December 2021. (image: https://messari.io/report/what-will-ethereum-miners-do-after-the-m…

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