@BOMBERuss 15 September 2022 more from that month

The update of the main altcoin The #Merge (Ethereum 2.0) activated today is undoubtedly an important event for the #cryptocurrency market. However, not all epochal news leads to an increase in prices. Perhaps someone looked positively at what was happening on the #Ethereum network, but not traders and miners. The first ones started selling, and the second ones got discouraged: they lost the opportunity to mine #ETH tokens, including using video cards. According to the Cryptovizor cryptocurrency screener, which calculates the BTC/USD market price based on the results of trading on seven major exchanges, the bitcoin exchange rate decreased by 4%, while the minimum price value corresponded to $19,438. Ethereum didn't look any better. According to the largest cryptocurrency exchange #Binance, the #altcoin rate fell from $ 1,655 to $ 1,458 after the announcement of the completion of the upgrade. The drop occurred despite the fact that the long-awaited update of The Merge was quite successful. Charles Edwards, the creator of the analytical resource LookIntoBitcoin, compared the event to halving #bitcoin. Halving is an undoubted incentive for the growth of bitcoin in the long term, but in fact it is usually accompanied by a drop in price. But who you definitely won't envy is the Ethereum miners, who are now forced to look for another asset. The calculation of mining profitability using the Awesome #Miner calculator leads to interesting results. With an electricity price of $0.09 per kWh, the owner of a GeForce RTX 3060 12 Gb video card can earn only $2 per month ($24 per year) on the extraction of Ethereum Classic (#ETC) — and this despite the fact that at the beginning of the year such a video card cost about $ 1,000.