According to statements from the Ethereum developer, Tim Beiko, TheMerge is likely to be pushed to the third quarter of 2022.
In the Twitter thread, Beiko was questioned by an individual about Ethereum miners who have been securing the network. The individual asked the Ethereum developer if miners would be “left out to dry.”
Beiko responded to the person and explained that he would not invest in any mining devices going forward. “I would strongly suggest not investing more in mining equipment at this point,” the Ethereum developer. Then the individual asked if developers planned the “plug pull” for June or if the ether mining community has more time. Beiko also replied to that question as well and said:
It won’t be June, but likely in the few months after. No firm date yet, but we’re definitely in the final chapter of PoW on Ethereum. The statements imply that ether miners will have some more time until The Merge’s “plug pull.” Ethash miners are some of the most profitable cryptocurrency miners today. At the time of writing, the Innosilicon A11 Pro
miner can score $54.30 per day in ether profits with $0.12 per kilowatt-hour electrical costs and today’s ether exchange rates.
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