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

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Only 10% of miners using an Ethereum proof-of-work fork to mine cryptocurrencies will survive, ChandlerGuo told CoinDesk TV’s “First Mover.” The fork that grew out of the Ethereum Merge is 'mediocre' right now but will improve, he said. _franvela reports

fork of Ethereum so they can continue mining. But even Chandler Guo, one of the fork's strongest advocates, thinks only 10% of miners using PoW to mine ETHPOW or ETC will ultimately survive.” program on Friday the miners with access to cheaper electricity will be the ones that survive.

“Some people [miners] have free electricity and can [continue] to work on that,” Guo said, referring to the PoW fork. “The other 90%, bankrupt.”

 

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ChandlerGuo _franvela 💎TridentProtocol💎Fair launch on September 1st at 4pm UTC - Initial liquidity $10,000 - Audit completed - The LP will be locked for 10 years Smart contract: 0x2ed3eb8bb9bdbc7c837aa113413425a6a7af26d7 Website TG TridentProtocol

ChandlerGuo _franvela He could predict this years ago.

ChandlerGuo _franvela Ethereum Question: If the Eth Gas fee's are still high... And it doesn't need Miners... WHO'S Getting all the money... JP MORGAN?

ChandlerGuo _franvela The scenario of Bitcoin going to zero does not exist anymore. BTC is playing much the same role as gold did in the early days of banking. You all should Follow Bnb_7h she knows her stuff when it comes to BTC and other Cryptos,her tweet have been really helpful over the years

ChandlerGuo _franvela Who cares?

ChandlerGuo _franvela 🚀 Thnks a millon.

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