Ethereum has a daily issuance of about $ 7M worth, while Beam's is close to $ 18K. So if even 1% of Ethereum miners switch to Beam, they'd see their income drop nearly four-fold, and their profitability go way negative. In conclusion, Beam can only absorb a tiny tiny fraction of Ethereum miners.
Ethereum has a daily issuance of about $ 7M worth, while Beam's is close to $ 18K. So if even 1% of Ethereum miners switch to Beam, they'd see their income drop nearly four-fold, and their profitability go way negative. In conclusion, Beam can only absorb a tiny tiny fraction of Ethereum miners.