The Merge Positive Impact On The Establishment Of The New Ethereum Block, VGA Card Prices Also Down

The formation of the new Ethereum block is now cheaper and more efficient. (photo: ethereum blog)

JAKARTA The main goal of the Merger upgrade for Ethereum, is to try to transition blockchain into a proof-of-stake (PoS) consensus mechanism. This is also considered to have had a positive impact on the creation of new Ethereum blocks.

The Merger is considered one of the most significant improvements to Ethereum. As a result of hype, there have been many misunderstandings surrounding cheaper gas costs and faster transactions disrupting the crypto ecosystem, which Cointelegraph denies.

However, some of the real upgrades experienced by the post-The Merge blockchain include sharp improvements in the creation of daily blocks and substantial declines within the average block time.

On September 15, Ethereum completed the Merge upgrade after successfully transitioning the network to PoS. On the same day, the number of blocks created daily jumped about 18% from about 6,000 blocks to 7,100 blocks per day.

Complementing this step, the average block time, is the time the miners or validators in the network need to verify transactions, for Ethereum to drop more than 13%, as evidenced by data from YCharts. The findings above show a positive impact from the Ethereum blockchain upgrade.

After the Ethereum increase, the price of GPU in China experienced a significant decline as blockchain away from its proof-of-work (PoW) consensus mechanism that required a lot of electrical power.

As Cointelegraph reports, Nvidia GeForce's price of RTX 3080 fell from 8,000 yuan (IDR 17 million) to just 5,000 yuan (IDR 10 million) within three months. Even according to a Chinese trader, no one in China buys a new computer, let alone a new GPU.