Though Ethereum pulled off the transition, the network still faces several problems. For instance, the Merge hasn’t reduced the Gas, meaning that users still have to pay expensive fees. Additionally, with or without the Merge, users can only deposit ETH and cannot withdraw their ETH holding. These are all concerns that Ethereum must tackle in the future. Today, let’s take a glimpse into that future and check out the changes that Ethereum might go through in 2023 as it grows and evolves.

As we approach 2023, ViaBTC has worked out the top ten words of 2022 for the crypto industry. Now, let’s look back on the extraordinary year we’ve had in this industry.

The bear market is not scary, since this isn’t the first time crypto mining has faced a crisis. In retrospect, we can find that the ongoing bear market has some different features.

As an emerging industry, crypto is never short of trends and hype. Over recent years, Facebook renamed itself Meta; Elon Musk, who used to be the world’s richest man, endorsed DOGE; Apple CEO Tim Cook said publicly that he holds crypto. It seems that the crypto space can always provide us with trending topics. Despite that, mining, which is a key link in the industry, is often less eye-catching than other trending crypto categories.

Given the same investment, inexperienced miners unfamiliar with mining techniques would record less revenue than veteran miners.

In reality, the reduction in mining difficulty may represent an opportunity for miners...

Today’s reward for GPU miners is a far cry from what it used to be. Since the Ethereum merge this September, the collapse of the multibillion-dollar Ethereum PoW mining industry has forced a flood of GPU hashrate into ETC and other altcoins. According to WhatToMine, a number of coins that support GPU mining now have negative yields. Only a few coins, such as KAS and RXD, generate acceptable yields in the bear market. They are the most eye-catching GPU coins, even overshadowing the “veteran” ETC.

Recently, attention has been drawn to a series of sensational events, including the battle between Binance CEO CZ and SBF (Sam Bankman-Fried), the collapse of FTX and the worsening Genesis crisis. Except for those loyal followers and miners, only a few may have noticed that Litecoin (LTC) is bucking the bearish market trend and has become a top-performing cryptocurrency.

The expression “stay hungry, stay foolish”, which is also the personal motto of Haipo Yang, the founder of ViaBTC, exactly represents people’s first impression of this man: a very thoughtful person with a profound knowledge reserve, but modest as a fool. As we know, it is the boss who determines the temperament of his company. In previous user surveys, most users said that ViaBTC is “a low-profile, pragmatic, rigorous and professional company with commitment.”

As a leading global crypto mining pool, ViaBTC boasts an elite R&D team. With its strong technical capabilities, ViaBTC has optimized the transmission process of the BTC network through multiple steps to ensure stabler mining benefits for its miners.

Where will Twitter go after it was taken over by a Twitter KOL with hundreds of millions of followers?

According to the market law, under the current bear market cycle, the unsatisfactory cryptocurrency price and the soaring energy price make payback time light years away, and there should be a significant reduce in hashing power. However, recent increases in difficulty may indicate that Bitcoin miners are not so much concerned about the short-term price rise or fall any more.

This is not the first time cryptocurrency plummeted. During the ten-odd years since cryptocurrencies were invented, the market has gone through many ups and downs across multiple market cycles, which justifies a golden investment strategy: speculate in a bull market, and mine in a bear market. For investors, the biggest advantage of crypto mining is that their crypto holdings will keep growing during the process, and the value of the cryptos they have now will multiply once the bear market is over. As they say, the best time to plant a tree was twenty years ago; the second-best time is now.

Suppose there’s a currency payment system that processes millions of transactions every day. It would be terrifying if each transaction is transparent and traceable.

It seems that this year’s crypto market has run out of stories. As the prices of Bitcoin and Ethereum continue to fluctuate, the market seems to have returned to what it used to be in 2018. The difference between today’s market and what it was in 2018 is that the Fed, determined to turn off the faucet, has been pushing hard to raise interest rates. According to the data released by U.S. authorities in September, the numbers have indeed started to fall, but the prices of goods remain at a high level, and the general public still suffers from stagflation.

At the 2022 Mainnet Conference, Ethereum founder Vitalik Buterin strongly urged blockchains like Dogecoin and Zcash that wish to improve their scalability to follow suit and shift to PoS.

Many analysts said that Ethereum's next upgrade, the "Shanghai upgrade", may turn the tide, which is also one of the most noteworthy Ethereum hard fork upgrades after the "London upgrade". In the "London Upgrade", Ethereum introduced the revolutionary EIP-1559 protocol to improve the original transaction fee mechanism and effectively reduce the inflation rate of Ethereum through the burning mechanism. So what changes will the much-anticipated "Shanghai upgrade" bring? Can it help Ethereum make a comeback?

The increase in difficulty has reduced the number of coins mined by miners during the same period of time. Now the declining price of ETC has also made some newcomers who want to try GPU mining undecided. Against this backdrop, is ETC still worth mining?

Reactions to the Merge vary significantly. Unlike people who joined the YouTube live stream party hosted by the Ethereum Foundation or recorded this wonderful moment on SNS platforms like Twitter, Ethereum miners, concerned with their financial interests, are looking for the next mining destination.

ViaBTC Pool, together with BitRock, is providing integrated one-stop solutions that cover performance improvement of mining machines, mining facility deployment, mining facility O&M, as well as the connection and management of hashrates. With the superior matching services provided by ViaBTC and BitRock, costs borne by miners will be further cut down.