Introduction

The massive overhaul of Ethereum, known as Merge, has finally taken place, moving the core digital machinery of the second largest cryptocurrency by market value to a much more energy-efficient system after years of development and delays.

It has been no easy task to change one way of running a blockchain, known as proof-of-work, to another, called proof-of-stake

In this dashboard we are gonna investigate about the action of miners before and after the Merge. The idea is to see if there was an increase or decrease the activity just before the merge. Did miners more activity before or after the Merge or tended to decrease their activity during some time?

Let’s analyze this by doing some analytics regarding the following metrics:

• Mining actions over time
• Miner with some activity over time
• Actions per miner over time
• Global miner statistics

In the chart on the left, it can be seen in a better way the number of minings per miner over time, observing the high increase from 2016 to 2017 and reaching highest values in 2022.

Finally, the chart on the right, showws the global miner statistics. In this case, it can be clearly seen a comparison between the number of miners and the mining actions. In this case, it seems that there is no correlation between these variables because of even the mining actions increase, the miners remained constant. However, we can see a strong correlation between the mining actions and the number of minings per miner. Then, we can corroborate that when the number of mining actions increase, it could be supposed that more miners are active on the network.

Looking at the mining actions voer time, we can see how it has been increasing over time since the inception. However, the numbers have been staked around 2020, when the number of daily actions rounded 45k from 2022.

Tracking the active miners over time, it can be seen how in this case, the activity was so high during the first weeks of 206, however, it has been decreasing over time reaching the lowest values on 2022. Passing from aorund 800 unique active miners to as low as 60 miners. After the merge, the number spiked again to top highest values over to 1k.

Finally, the minings per miner seems to be increased over time. In this case we can see how from 2016 to 2017 was the highest increase. But from 2020 to 2022 the number increased as well reaching around 600 actions per miner.

In this final section, we are gonna compare the averages by the period of time. In this case, I have divided the tiimeframe in two main periods: before 2022 and after 2022, selecting after 2022 as the period closer to the merge event.

Looking at the results, we can see how in general, more activity was carried out after 2022 rather than before it. Then, miners were more active when the merge was closer to come.

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Key insights

• The mining actions has been increasing over time since the inception
• The active miners was so high during the first weeks of 206, however, it has been decreasing over time reaching the lowest values on 2022.
• The minings per miner seems to be increased over time
• When the number of mining actions increase, it could be supposed that more miners are active on the network.
• More activity was carried out after 2022 rather than before it. Then, miners were more active when the merge was closer to come and spiked after.