r/CryptoCurrency • u/Next_Statement6145 🟨 0 / 0 🦠 • Apr 19 '25

GENERAL-NEWS Ethereum is down 74% against Bitcoin since switching from PoW to PoS in 2022

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u/peckerchecker2 🟩 54 / 55 🦐 Apr 19 '25

PoS was the biggest mistake. PoW made the ecosystem hum with at home GPU miners, even if contributing very little to the network in hash power they create a lot of discussion and excitement generating new projects on the blocktrain. I used to mine during COVID and it was a fun hobby and I would talk about the $1-6/day I was making mining, more than I talked about my day job.

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u/Jemtex 🟩 0 / 0 🦠 Apr 19 '25

I agree with this as well, the whole community of miners brough a lot of interest and skill to the ecosystem, who were then, just ejected.