Ethereum Merge update date will depend on Hashrate

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Ethereum co-founder Vitalik Buterin in a Tweeter hinted today that the actual date of the Ethereum merger would depend on the hashrate.

Bordel.wtf previously predicted that the update would take place on September 15th and although the Ethereum Foundation and Ethereum co-founder Vitalik Buterin did not firmly state a date, September 15th seems to be the likely date based on the current hashrate which is at 879.2 TH/s.

According to the Tweet of Butterin, the total difficulty of the terminal (TTD) was set at 587500000000000000,000.

Once the TTD is reached, Ethereum Mainnet will merge with the Beacon Chain and transition from Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS).

Fixed number of hashes remaining

According to Buterin, the Ethereum mainnet PoW now has fixed hashes left to mine.

If the hashrate remains close to the current hashrate of 879.2 TH/s, the merger will take place on the scheduled date of September 15. However, if the hashrate changes, the merge date will permanently change.

Ethereum Network currently requires to maintain an average hash rate of 872.2 TH/s to reach the set TTD of 587500000000000000000000000000000000000 by September 15 at 04:44 UTC.

Goerli testnet Merge is already done

This week, the developers successfully completed the Goerli testnet merge and all eyes are now on the upcoming Bellatrix and Paris updates which are tentatively scheduled for September 6th and 15th.

However, the merge should take place before the Bellatrix upgrade and before the end of September.

The crypto community is eagerly awaiting the Merge update which is also expected to have a very significant effect on the price of Ether (ETH).



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