Ethereum: This Merge aftermath may put ETH in a fix

ambcrypto.com:

It has been a little more than two weeks since the world’s second largest cryptocurrency Ethereum [ETH] went through a landmark alteration. ETH managed to switch from the energy intensive proof-of-work (PoW) consensus model to the eco-friendly proof-of-stake (PoS) model, in what came to be known as the Merge

In simple words, this Merge effectively rendered all ETH mining obsolete, and ushered in the era of ETH staking. This worked out out in the interest of the network by making it more secure and sustainable.

Ethereum staking is basically becoming a validator for the network. This however, comes at a price, a steep one at that. A deposit of 32 ETH or roughly $41,000 is required to become a validator. This prerequisite thins out a herd of possible stakers.

According to Ethereum’s website,

“As a validator you’ll be responsible for storing data, processing transactions, and adding new blocks to the blockchain. This will keep Ethereum secure for everyone and earn you new ETH in the process.”

Those who were involved with mining ETH, felt the heat in the consensus model. Reddit Community members on the official Ethereum subreddit, consisting of more than 1.5 million builders, pointed out the shortcomings of the Merge. 

One member pointed out to the hard work that goes behind the set-up for staking, admitting that the new staking version “is not for everyone yet”.

Bandwidth consumption was another issue that was brought up in this discussion. Validators from the United States pointed out that the bandwidth usage had gone up thanks to Ethereum staking setups. Furthermore, some subreddit users also stated that the increased spending on bandwidth was eating into the profit made from staking. 

Most community members agreed with the fact