Tim Beikoa leading Ethereum (ETH) developer working on blockchain’s transition to proof-of-stake (PoS) – known as The Merge (merger) – has declared that the major network upgrade will not be completed in June.
“The upgrade will not happen in June but probably [quelques] month later. There is no firm date yet, but we are definitely in the final chapter of the [preuve de travail – PoW] on Ethereum,” Beiko wrote on Twitter.
Beiko’s comment came after an Ethereum miner asked him on Twitter if miners would be left behind as the transition to PoS – which does not require mining – moves forward.
“I would strongly suggest not investing more in mining equipment at this point,” he said. answered Beiko miner in a thread where he also shared a new update from the Ethereum core developers on the latest Merge updates.
The Ethereum merger was previously expected between May and June this year.
Meanwhile, new speculation has emerged online about the exact date of the merger.
On a Reddit forum dedicated to Ethereum miners, a mining pool operator, who claimed to have “reviewed code and run nodes on the fusion testnets”, concluded “they won’t be ready until 2023”.
The pool operator’s comment was shared by another Reddit user in the r/CryptoCurrency forum, who added:
“It’s kind of a recurring theme in the ETH mining community, but this time it’s really true that we’re nearing the end.”
In February, the Canadian mining company Hut 8 claimed that she would not be “really affected” by the switch from Ethereum to PoS.
Sue Ennisvice president of corporate development and investor relations, told Cryptonews.com that the Hut 8 team was “quite close to the developer community [d’Ethereum]”, while adding:
“The information we’re gleaning from the field indicates that proof-of-stake is therefore quite far, because obviously it’s not a technology issue, it’s a governance issue.”
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