Summary: According to a Morgan Stanley analyst, demand for GPUs should reduce with Ethereum transitioning into a proof-of-stake network. The crypto drawdown has further reduced the profitability of Ethereum mining. However, the Ethereum mining community could venture into alternatives such as Ethereum Cash and Ravencoin. Ethereum’s transition from a proof-of-work algorithm to proof-of-stake through the Merge of the Beacon Chain with the ETH mainnet could reduce demand for GPUs. According to a research note by Morgan Stanley’s equity strategist Sheena […]
