Ethereum official retweet: POW mining will end by the end of 2021, Chinese miners doubt or do not believe

Wu said blockchain learned that on April 30, Ethereum developer Trent tweeted that it is conservatively estimated that ETH's POW mining will end by the end of 2021, and @ all mainstream Ethereum mining pools, hoping that Ethereum miners should consider EIP-1559 on July 14 when calculating the return on investment, which will significantly reduce income. The Ethereum official foundation then retweeted this tweet. Spark Mining Pool questioned whether the Ethereum Foundation should issue a separate statement. In response, Chinese miners believe that they do not believe that the process of Ethereum developers ending POW will be so fast. Previously, the industry generally believed that it would be at the earliest by the end of 2022. In addition, miners believe that Bitmain's newly released Ethereum ASIC machine may trigger a backlash from overseas developers (similar to the E3 of that year), but in fact this mining machine has no production capacity. This inexplicable provocation of miners by Ethereum developers may also trigger a backlash and counterattack from miners.