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Ethereum Miner Chandler Guo Predicts 90% of PoW Miners Will Go Bankrupt

The Merge put a big hurt on mining, the proof-of-work advocate told CoinDesk TV. He believes the Ethereum fork he backs will draw what miners remain as the glitches are fixed.

Updated Apr 9, 2024, 11:32 p.m. Published Sep 16, 2022, 4:25 p.m.
Chandler Guo told "First Mover" he expects only 10% of miners will survive post-Merge. (CoinDesk TV, modified)
Chandler Guo told "First Mover" he expects only 10% of miners will survive post-Merge. (CoinDesk TV, modified)