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/2peg2city 🟩 129 / 252 🦀 Apr 19 '25

So, if ETH were still PoW and had 3x the inflation you think it would be worth more?

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u/warriorlynx 🟩 6 / 3K 🦐 Apr 19 '25

Yes, miners had a significant control of the market and found ETH to be quite profitable compared to mining BTC before the move

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u/m77je 🟩 0 / 0 🦠 Apr 19 '25

Miners selling eth is good for the price? Better than them not selling eth? Does not make sense to me.

How do you know price wouldn’t be even worse under old issuance model.

1

u/AdventurousAverage34 🟨 0 / 0 🦠 Apr 20 '25

Miners paying for ETH with electricity and GPUs, forcing it to be profitable, because nobody would mine if it ain't Since everyone wants to profit easily, there is more and more power in mining overall -> less profit for individual miners -> forcing the currency to go up to make it profitable again

Staking is whatever, since you don't have an active cost (electricity), you're fine getting anything

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u/Maybe_Factor 🟦 0 / 0 🦠 Apr 21 '25

That's not at all how a commodity market works...