According to the latest tweet from Ethereum’s (ETH) chief developer, Tim Beiko yesterday, the transition to Ethereum 2.0 known as ‘The Merge’ will not take place in June as previously announced.
It won't be June, but likely in the few months after. No firm date yet, but we're definitely in the final chapter of PoW on Ethereum
- Tim Beiko | timbeiko.eth 🔥🧱 (@TimBeiko) April 12, 2022
"It's not June, but maybe a few months later. There is no definite date but Ethereum is already in the final phase of Proof of Work (PoW). ”
This statement brings mixed feelings among Ethereum investors and miners.
Based on a Reddit forum source for the Ethereum mining community, one of the mining operators known as ‘Flexpool__io’ found that the nodes and code on testnet are still not ready for the transition until 2023.
The mining firm, Hut 8 once described The Merge’s delay as not a technological problem, but rather an administrative issue hovering in the Ethereum ecosystem.
Earlier, the question arose of the direction of the Ethereum miners if Proof of Stake began to take full over when the time came.
Beiko advised Ethereum miners to no longer buy any mining devices.
I would _strongly_ suggest not investing more in mining equipment at this point.
- Tim Beiko | timbeiko.eth 🔥🧱 (@TimBeiko) April 12, 2022
So far, there is still no certainty for the date of The Merge.
Ethereum today recorded a modest movement. At the time of writing, ETH is trading at $ 3,107.38 with an increase of almost 2% in 24 hours.
