Starting at 11 a.m. on September 15, 2022, Beijing time, the Ethereum team broadcast the merger live in video form, and finally successfully triggered the merger at around 2:40 p.m.
Article Picture 2
The above picture is a moment worthy of being remembered and missed by all Ethereum miners, or former Ethereum miners: it was finally fixed at 740T computing power. These computing power If you lose block profits instantly, you will never get them again. In fact, 12 hours before the merger, part of the computing power has begun to be migrated in advance, totaling about 100T.
Article Picture 3
The above picture shows the changes in ETC’s network computing power. ETC is the main currency that absorbs ETH’s computing power, accounting for about 6-7% of the total. After 2:40 pm, the computing power began to skyrocket, from 90T to 290T, more than three times. If it is compared with the computing power three days ago, Compared with the force, it is 6 times. That is, the income of all original ETC miners fell by 83%.
Article Picture 4
Article Picture 5
The total computing power of 290T ETC exceeds my expectations, because if it is so high, all the graphics cards will be killed (pay I can’t afford the electricity bill, as shown in the picture above), did I underestimate the power resources of the miners? Or are they still unaware of the electricity bill issue? GPU chip machines will rule ETC!
However, I predict that ETC’s computing power will not last long unless the currency price can continue to rise. Other currencies such as RVN, ERGO, and FLUX have basically seen a surge in computing power, a sharp drop in income, and extreme involution.
Article Picture 6
Coin price trend after the merger
As I predicted in Series 4, the relevant beneficiary currencies did not rise significantly after the merger. , and even fell with the market. All the good news has been successfully realized. It is probably the time for players to close their positions and close their leverage.
Article Picture 7
ETHw rose before the merger, but fell sharply after the merger
Article Picture 8
ETHw forked this time It seems to be very unsuccessful, attracting less than 30T of computing power, only accounting for about 3% of the original, not far from Xicai. The price of ETHw skyrocketed before the merger, and then plummeted to 20 yuan after the merger. Moreover, the real selling pressure on ETHw has not yet appeared. It is expected that the real selling pressure will be in the next 7 days. I patted my head and expected it to fall below 2 yuan. . I heard that some friends have not dared to sell ETH in Xianan after the merger, because the snapshot time of Xianan takes 8 hours (normally, the photo is taken at the moment when the first POS block is born in the afternoon), just for I could earn forked coins, but ended up picking up sesame seeds and losing watermelons. The price of ETH dropped by 100 yuan. In order to earn 10 yuan of ETHw, it was completely unnecessary.
The trend of ETH will return to the general market and follow the trend, and the trend of ETC will be stronger. If the ETHw fork fails, then ETC will be the new graphics card currency brother! Judging from the computing power of the entire network, ETC is 10 times that of ETHw. There is no dispute about being the big brother!