The ETH/USD merge event has been moved ahead by four days. Those 4 extra days of PoW would have resulted in $100M additional ETH issuance. The ETH developers decided to bring forward the scheduled date of the merge from Sept. 19 to Sept. 15.

The decision was made despite the fact that four extra days of Proof-of-Work ETH would have resulted in $100 million more ETH issuance. “Lesson: Deciding not to have in-protocol core development funding is a really hard choice to make,” Dietrichs said.

Merge to Proof-of-Stake will also have consequences for ETH miners, who would effectively be out of business when the network transitions. Miners will try and get the last breath of value before selling their hardware. Some miners have already moved on to mining other blockchain networks like Ethereum Classic ETC/USD.

Ether hit a two-month high of $1,927 on Thursday. Some exchanges like Poloniex and BitMEX have already launched an ETHPoW token which is being actively traded. At press time, the crypto asset was trading at $1.881, up 1.59% over 24 hours.

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