Ethereum will switch to PoS in Q3 2022

[zasad@]

This sounds more like the Ethereum team that I know, PoS is coming have turned into a joke from the ETH team and devs, I think it's better to leave the Ethereum network the way it is because the Proof of stake algorithm will give birth to new issues as well.

For the development of the ecosystem, it is necessary to meet modern environmental requirements. Ethereum mining, according to various data from the Internet, requires 1000 kilowatts per 1 coin at the end of 2020, but I think that now it is much more. So the new algorithm will still be implemented.

[Xal0lex]

I am not sure that this will happen in the third quarter of this year, the developers will find some kind of mistake and will continue to refine it for a long time, in the best ways.I also understand all the pain of Ethereum miners, because this is the most profitable coin today.

I share your opinion. How long has the launch of PoS been delayed? It will be postponed again. Actually, I saw a PoS Ethereum review somewhere and there it was said that considering all Buterin's previous statements, as well as already published developments, PoS transition should be expected not earlier than the middle of 2023. Unfortunately, I can't find the source of this research.

The speculative part of the statement that it is not worth investing in mining equipment is also alarming. If they don't launch PoS this year, it will be extremely unprofitable to follow such advice.

[RussianEnglishTranslation]

At this point why is anyone waiting for ETH 2.0 when better L1's like ICP and NEAR exist? ICP isn't even a copy cat L1 like Polygon, you can host websites on it. Ethereum can't keep up with the technological achievements of other chains.

[tygeade]

I guess its due to the fact that people have expected a lot when we've first heard about the transition. So it's better if they are always like that which they don't give accurate timeline when it will be exactly going to happen. The best thing to do right now is if it will literally going to be on that quarter.

It is not really about having the same type of situation when you know it will be Q3 or not. I mean if it is q3, then we could arrange it accordingly, if it is not Q3 then we could arrange our portfolio accordingly. I have increased my btc and eth holdings a lot in the past 3 months, over all the other altcoins, only because I believe that btc will be the first one to go up on the next bull cycle and ETH will be going up when the PoS happens.

This is a very important breaking point in crypto, if ETH could turn into PoS and have low gas fee, that will mean that many projects will be finally getting the attention it deserves but lacked due to gas fee.

[SistaFista]

I am not sure that this will happen in the third quarter of this year, the developers will find some kind of mistake and will continue to refine it for a long time, in the best ways.I also understand all the pain of Ethereum miners, because this is the most profitable coin today.

Indeed man, what about the miners ? I feel sorry for the miners who bought ASIC devices for mining Ethereum.
If this will really happening in the future, i guess the mining hash rate of coin with Ethash mining algorithm will rising because many ETH miners will going to mine it with their ASICs.

[$anounimus$]

The switch to Proof-of-Stake is a very important move for Ethereum, This is a significant change for Ethereum, as the current proof-of-work system underpins their entire ecosystem. If the transition is successful, They are closer to a more decentralized Ethereum where many validators will be able to participate.  ETH will likely switch to PoS in Q3 2022 or later. This year might be too early and it may also increase the risk of a blockchain split, so unlikely to see it happening this quarter.