Make a strategy to cut Miners switch cryptocurrencies owing to Ethereum’s high energy usage.

The Merge, a long-awaited update that promised to start reducing Ethereum’s humongous energy consumption, has instead pushed miners aside from Ethereum and toward other cryptocurrencies.

The Ethereum cryptocurrency started to receive a radical update this week that was supposed to reduce energy consumption by 99 percent, According to estimates, at least the majority of the electricity mining hardware that’s been earlier used to mine Ethereum is now being utilized to extract other coins.

In a long-awaited and much-delayed update recognized as the Merge, Ethereum moved far away from a proof of work (PoW) model, wherein…