By Larry Wright
It is not a secret anymore that Ether has had its first implementation of the Merge update, and so far, everything is going great. There are more investors who are pumping their money into Ether simply because of the fact that the Merge update has made the network a bit more stable and enchanting, to begin with.
But there have been other exciting events associated with the aspects of the Merge update and a subtle decrease in the block creation time happens to be one of them.
So, what is happening there is that blocks that are being created for each and every transaction that gets validated on the Ether blockchain require less time for validation. This has decreased the block creation time, which has, in turn, increased the overall efficiency of the Ether blockchain.
Transactions are being validated in real-time and are being submitted into their respective blocks faster than estimated or these were before the implementation of the Merge update.
The Demand for GPUs Decreases
Investors finally realize the overall worth of this great update that is driving the momentum of the Blockchain and has made sure that the block creation time is minimized and the network is far better and more significant in its action than it was ever before.
In another slightly distracting news, the initiation of the Merge update for the Ether network has prompted a decrease in the GPU price in China, which means that the RTX 3080 series and the 3090 series have seen a huge decrease in their price because these are no longer at the hit list of the miners because guess what the mining action has been terminated for Ether for good.
As Ether has made its transition from the proof of work consensus protocol which required tons of mining operations and the consumption of energy, it is less likely that the miners would be using graphics cards or heavy mining builds for the sake of taking part in the mining activity of Ether.