Ethereum’s “Merge” is about to put every ether miner out of work

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In a few weeks, Ethereum is slated to undergo the most significant change in its seven-year history. Until now, the Ethereum blockchain has been secured using a method called “proof-of-work,” which consumes more electricity than the entire nation of Belgium. Next month’s switch to a new method called “proof-of-stake” is expected to cut Ethereum’s energy consumption by a factor of 1,000.

The stakes are high. A botched transition could mean chaos for the many crypto projects built on top of Ethereum. A smooth transition would be the culmination of years of careful planning by Ethereum’s

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