Reasons to be cheerful: ‘GPU mining is dead less than 24 hours after the merge’

The ethereum merge has finally happened! After years of planning, development, and delays, ethereum’s shift to a proof-of-stake consensus mechanism has seeming gone off without a hitch. Ethereum miners have been made redundant, and hopefully, this is the official end of large-scale GPU mining—the bane of PC gamers worldwide—forever.

In the lead up to the switch, miners mostly stopped buying new GPUs, while others dumped their cards on the second-hand market. Both of these are significant factors behind the graphics card price drops that have been happening this year. In fact, many cards have halved in price since the beginning of 2022. (opens in new tab)