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Miner Chandler Guo repeats support for Ethereum Fork after merger


Ethereum miner Chandler Guo is reiterating his push for Ethereum to undergo a “hard fork” once it becomes a proof-of-stake blockchain next month in a software update known as Merge.

Guo told CoinDesk TV’s “First Mover” Friday that he helped organize miners to support his efforts to save them from having to “shut down their business.”

“This time the fork is much more difficult because I need to organize a lot of people [miners] to join that fork,” Guo said.

Ethereum is moving to a more energy-efficient proof-of-stake method to maintain its network and validate the transaction from its current proof-of-work method around September 15-16, according to the developers.

Guo has been pushing for a fork for several weeks. In July he tweeted“I fork Ethereum once, I will fork it again!”

While the network is expected to reduce its power consumption by 99% after becoming a proof-of-stake platform, Guo says miners should also be considered.

“Many people [miners] suffer,” he said.

Some miners, however, could benefit from the merger, especially Ethereum Classic (ETC) miners, according to analysts at JPMorgan, and CoinDesk reported on Thursday that the software update will likely make more used mining rigs available.

Guo, who has backed the fork of ethereum classic in the past, said he plans to hold onto the forked proof-of-work blockchain’s native token, dubbed ETHW, until the next bull market, which he says, will happen in the next two years.

Read more: Ethereum Post Merger: What Happens Next?

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



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