Ethereum’s Major Upgrade Today Will Be A Blow To Miners, Potential Boon To Investors And Users

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LONDON, ENGLAND – JANUARY 27: The More London commercial estate (foreground), Tower Bridge and Canary Wharf, seen from the View from The Shard on January 27, 2014 in London, England. A study has found that one in three 22-30 year olds are leaving their hometowns to move to the capital, which creates ten times as many private sector jobs as any other city. (Photo by Matthew Lloyd/Getty Images)

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Dubbed the London Hard Fork, Ethereum is about to implement a significant network upgrade that should add much stability to the network and make fees more predictable to users. However, the upgrade will reduce the profitability of mining ether (the native cryptocurrency).

For this reason the upgrade generated significant controversy over the last few months. However, things look set to move forward today.

Here is everything that users, investors, and miners need to know about the update.

I am a freelance journalist based in Nashville who covers Bitcoin, privacy tech, the debt bubble, and things like that. Formerly a staff writer at Bitcoin Magazine, my

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I am a freelance journalist based in Nashville who covers Bitcoin, privacy tech, the debt bubble, and things like that. Formerly a staff writer at Bitcoin Magazine, my work has appeared in Venture Beat, The Tennessean, and Decrypt.

If it wasn’t already obvious, I hold bitcoin.

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